The financial crisis is far from over. The International Monetary Fund estimates that banks, primarily European ones, will need to write down as much as $1.5 trillion in additional bad debt by the end of next year. — Clusterstock.
How a Cadillac tax could cut healthcare costs. — David Leonhardt.
It’s not that models missed the coming financial crisis, it’s that analysts were using the wrong kinds of models. ” ‘Flow of funds’ models may be the way forward for anticipating finance-induced recessions,” contends Dirk Bezemer of the University of Groningen. — Vox EU.
Why even Jamie Dimon is part of the problem of too big to fail, not the solution. — David Reilly.
Blimey! At first I thought someone was taking the Mickey. But have a butcher’s at this ATM in the London east end: Oi, it’s Cockney rhyming slang, innit? — CBC, (Hat tip, the trouble and strife)