NYC Bryant park http://t.co/iTrcrTivt9
12 minutes ago
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Discussing the Final Act of “The Tragedy of the EMU” on CNBC’s Strategy Session with David Faber
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The Final Act of ‘The Tragedy of the EMU’
I have been hard at work on a major paper and haven’t had a moment to blog. But I did want to comment on the European denouement. This final act will have many scenes, and we will likely see some significant plot twists along the way. But here is where we are at as the [...]
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Speaking to the Emerging Markets: India
About once a month I am pleased to be asked by my friends at the Indian business news network, NDTV, to share my thoughts on economies and markets. Given the volatility of the past few weeks, and the association I make between disinflation and the pressures on the developed world from emerging markets, I thought [...]
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On the Evening of the S&P Downgrade of the United States of America
Here’s an oldie but goody that shows my immediate response to the S&P downgrade nonsense. I got on set with Tom Keene at Bloomberg about an hour after S&P released their rating and we did a completely impromptu show that night for nearly 90 minutes. As it turned out, what I said about the action [...]
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On CNBC’s Squawk Box – Alpert to Bernanke on QE3: “Please Don’t”
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From Voodoo Economics to Pooh-Poohing Economics
“Let me live ‘neath your spell, Do do that voodoo that you do so well.” – Cole Porter It is said that any organization needs to understand and agree upon its problems, before it can develop solutions to them. The developed world, its inhabitants – and particularly its governments and political leadership – are having [...]
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Reflections on “Correction 2″ – This Summer it’s Different
I feel more emboldened than ever (probably a good sign I should be rethinking my premise) to reiterate my general contextual theory that the developed world is experiencing the dual deflationary forces of a “supply shock” from the emerging markets, combined with a debt overhang remaining from the bubble period. During the credit bubble the [...]
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On CNBC’s ‘Strategy Session’ Talking Banking
CNBC — Can Moynihan Reverse BofA Slide? (Alpert comes in at 5:50)
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Back to the Future…Again
We have advanced several explanations for the severity of the recession (not the one that may be coming, the last one) and the anemic recovery. Chief among them the global supply shock in labor, capital and productive capacity relative to demand, with respect to the former, and debt deflation with respect to the latter. But [...]
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On the S&P Downgrade of the United States of America
Standard & Poor’s – a private company – designated, but not regulated by the Securities and Exchange Commission of the United States as a Nationally Recognized Statistical Rating Agency (NRSRO) – downgraded the government that provides the rating agency with its entire franchise. Perhaps the most incredible example of biting the hand that feeds you [...]
