The Arsonists’, aka The Committee to Save the Banks, New Book: Firefighting
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/The Committee to Save the Banks (Hank Paulson, Ben Bernanke and Tim Geithner) is out with a new book defending their mismanagement... Read More
Opacity, Derivatives and Financial Crises
In a terrific article, Pam and Russ Martens highlight why opacity is the necessary condition for a financial crisis and how nothing... Read More
Paul Volcker on Why Regulations are Not a Good Substitute for Transparency
In the 1930s, policymakers faced a decision on how to prevent future financial crises and another Great Depression. They could redesign the... Read More
Economist Susan Strange and the Opacity Protection Team
Have you ever wondered why shortly after the acute phase of the Great Financial Crisis ended transparency wasn’t restored to the opaque... Read More
Economists Spot the Elephant in the Room … Are Global Banks Safer?
A decade after the acute phase of the Great Financial Crisis, Economists finally admit they cannot actually answer the question “are global... Read More
Economists Admit Financial Crises Originate in the Shadows
MIT’s Kristin Forbes and Harvard’s Kenneth Rogoff recently observed risk has migrated beyond the regulatory perimeter into the shadows of the global... Read More
A Reduction in Disclosure is a Sure Sign a Firm is Having Problems
One of the great truisms of investing is firms try to hide the fact they have encounter problems with their business. The... Read More
Chicago Booth Confirms Economists Don’t Understand Transparency
It is incredibly ironic that the University of Chicago confirmed economists don’t understand either transparency or its role in the global financial... Read More
Does Economics as a Whole have Any Claim to Authority?
Recently, Fareed Zakaria set off the Economics profession by asking “Is This the End of Economics?”. Soon thereafter, Larry Summers sought to... Read More
Markets Reward Principled People
In a column on the late founder of the Vanguard money management firm, Jack Bogle, Yale Economics Professor Robert Shiller observed: In... Read More
What Will Cause the Next Financial Crisis?
Economist Brad DeLong looked for the source of the next significant economic downturn and shows just how close an economist can get... Read More
Are Economists Scholars?
In an editorial on the GOP tax bill, Economist Brad DeLong set a standard for separating highly paid, partisan myth pushers from... Read More
Transparency Literally Pays Off
A new study found that alternative investment funds that offer more transparency to their investors also perform better. Private equity, real estate,... Read More
Biggest Lesson of 2008
The biggest lesson of 2008 is opacity is the necessary condition for a financial crisis to occur. Investors panic and rush to... Read More
The Role of Narratives and Transparency in Financial Markets
Trust, but Verify. This elegant expression lies at the heart of how our financial markets work. It also highlights the respective roles... Read More