Archive for the ‘Financial Markets’ Category

My talk to the Roosevelt Institute Campus Network

December 12th, 2014

It was my privilege last night to give the keynote presentation at the Roosevelt Institute Campus Network’s 10th anniversary party. Why me? Because when they started out a decade ago, I recognized what a great idea they had and tried to help a bit. What they’ve accomplished since then is remarkable and gives me hope for… Read more

The budget deal,underpriced risk, and financial market instability

December 12th, 2014

Just a quick note on an aspect of this budget deal that’s in progress—a point I haven’t seen adequately fleshed out, i.e., the connection between what’s happening in real time and future financial instability. First, an update: The House narrowly passed the CRomnibus (Cramnibus?) despite the fact that it had a number of provisions to… Read more

You Go, House D’s!

December 11th, 2014

This may well be out-of-date by the time you read it but as I write it, the House D’s are considering blocking the CRomnibus budget bill proposed by the R majority to keep the gov’t running past its deadline at midnight tonight. Details here, but the R’s went too far by adding in repeals of… Read more

The House and the Fed go in opposite directions on financial market oversight.

December 10th, 2014

Ensuring that financial institutions have adequate capital buffers is an essential line of defense against the bubbles and busts that have characterized the US business cycle in recent decades, at great cost to the living standards of most households. So I was happy to see the Fed’s proposal to kick up banks’ reserve requirements, especially… Read more