Is Transparency Too Complex for Economists to Understand?
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/Over the last couple of decades, it has become increasingly apparent to me the concept of transparency is too complex for Economists.... Read More
ECB Discovers Markets Need Transparency to Work
The ECB resorts to transparency in an effort to get the market for bad loans the EU banks would like to sell... Read More
Economists Struggle with Facts versus Model Assumptions?
Do Economists actually have any idea of what is a fact in the real world versus what is an assumption in one... Read More
Those Who Helped Break the Economy Cannot Fix It
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Over a decade after the beginning of the Great Financial Crisis, the global economy has still not found its footing and moved... Read More
Office of Financial Research: Doesn’t Even Work in Theory
Since it was created as part of the 2010 Dodd-Frank Act, the Office of Financial Research has shown why it shouldn’t exist... Read More
How Safe are Tim Geithner’s Central Counter-parties?
The Office of Financial Research recently published a working paper on the question of how safe are the derivative clearinghouses that regulators set... Read More
Wall Street’s latest opaque product: nonlinear finance
In its ongoing quest to sell opaque securities that investors cannot assess the risk of, Wall Street has rolled out ‘nonlinear finance‘.... Read More
Shadow Banking Comes Under Fire
In a recently released report, the US Treasury confirmed its membership in the Opacity Protection Team and attacked the use of the term... Read More