The Great Debate

There is no such thing as inflation

October 18, 2010

In 1987, UK Prime Minister Margaret Thatcher whipped up a firestorm of criticism from her opponents on the left when she told a magazine reporter that “there is no such thing as society”, only individual men and women, and families.

The wrong sort of inflation

October 15, 2010

Chairman Ben Bernanke’s Fed is beset by demons of its own design.

Terrified by memories of the 1930s and Japan’s more recent experience in 1990s and 2000s, the academics who now dominate the Federal Open Market Committee display a hyperactive compulsion to tinker with monetary policy in a bid to solve all the problems besetting the U.S. economy.

Euro zone faces QE2 pain test

October 14, 2010

QE2 — a second round of quantitative easing — means that soon the U.S., Japan and Britain will all be busily exporting their deflation, raising the question: Just how much pain can the euro zone take?

QE2 to speed triumph of emerging markets

By J Saft
October 12, 2010

While “decoupled” is not the same as “immune”, look for growth and investment performance in emerging markets to be better than in the sclerotic developed world.

The post-bubble world: what’s next?

By Guest Contributor
October 6, 2010

The American Enterprise Institute is hosting a panel with Nouriel Roubini and Reuters contributor Chris Whalen on “living in the post-bubble world: what’s next?” It is being livestreamed today from 2pm – 4pm ET. You can watch the video of it here:

China runs circles round adversaries

By J Saft
October 5, 2010

If the global currency war was a baseball game, they would have to invoke the “slaughter rule” and send China home the winner.

Obama and the American dream in reverse

By Bernd Debusmann
September 24, 2010

“It’s like the American dream in reverse.” That’s how President Barack Obama, ten days after taking office last year, described the plight of Americans hit by the faltering economy. His catchy description fell short — the dream has turned into a nightmare for tens of millions.

Deleveraging a process, not an event

September 21, 2010

It may be about as fun as having a tooth pulled, but cutting very high levels of debt in an economy is more of a process than a short, sharp event.

Looking for Keynes’ angels

September 14, 2010

Keynesian stimulus works perfectly, but only if you can find politicians who don’t care about re-election and central bankers who aren’t interested in being liked.

Housing double-dip threatens banks

By J Saft
September 2, 2010

Another dip in U.S. housing looks likely, bringing with it difficulties for banks and for their government guarantors.