Bank Regulatory Pendulum Swings Back To Light Touch
Barely a decade after the Great Financial Crisis began and already the argument is being made the post-crisis regulatory response went too... Read More
Economists Unnecessarily Complicate Bail-in/Bail-out Discussion
A decade after the start of the financial crisis you would hope the Economics profession would have a good grasp on why... Read More
Failure of the Experts has Lead to Fantasy Politics
The other day the Peterson Institute hosted a conference on “Rethinking Macroeconomic Policy“. The speakers were a veritable who’s who of the... Read More
Economists: 2008 Financial Crisis Opacity Based
The University of Chicago’s Booth School asks a panel of Economists for their opinion on a variety of topics. The IGM Economic... Read More
How Much Financial Regulation is Enough?
As we passed the tenth anniversary of the financial crisis, the discussion has turned to the appropriate level of regulation and supervision... Read More
The Reasonable Investor and Disclosure
One of the primary tools used by the Opacity Protection Team for limiting disclosure is to hide behind the Supreme Court’s 1976... Read More
“The Big Lie is a Potent Tool”
Over the last several days, I have been sharing my thoughts (see here and here) on the Bank of England’s Andrew Haldane’s... Read More
Deception “has to happen in a financial crisis”
A few days ago, I wrote a post on the Bank of England’s Andrew Haldane confessing the central bank engaged in deception (some... Read More
Oil & Gas Industry Opacity Protection Team is Thriving
Periodically, I like to show the Opacity Protection Team (OPT) in action. Today’s example comes from the oil and gas industry. Its... Read More
Since when are Bribes not material?
The US Treasury released a report calling for the repeal of the section of the Dodd-Frank Act requiring companies disclose if they... Read More
Did Econ Nobel Winners Make Crisis Worse?
Regular readers know that financial crises take place in the Blind Betting quadrant of the Information Matrix. Information Matrix ... Read More
Paul Krugman Demonstrates Imperviousness of Economics to Change
The Great Financial Crisis should have been a great opportunity for the Economics profession. Not only to engage in a review of... Read More
Central Bankers as Defenders of Opacity
At the launch of a book which concluded the loss of trust in Economists and Bankers is permanent, the Bank of England’s... Read More
Bank Runs, Sunspots and the Information Matrix
A couple of readers asked me if I was familiar with and what I thought about Douglas Diamond and Philip Dybvig’s Bank... Read More
Great Liquidity Crisis Next Phase of Current Crisis
JP Morgan has already named the next phase of our current financial crisis. They call it the Great Liquidity Crisis. Their trigger... Read More