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What scapegoat?

June 16, 2010

Bad news if you're a government looking for a scapegoat; good news if you're a demonized "short" trader: A Brussels investigation into possible problems with speculative trading of credit default swaps on Greek sovereign debt in the wake of the country's crisis is understood to have found few serious flaws, triggering rumours that officials are […]

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What Europe Did

May 25, 2010

In a piece called "Laughing as you Sink," Clarke and Dawe explain the European Debt Crisis -- this is required watching: (And yes, my title stems from LOST withdrawal.) (Via The Big Picture)

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The world according to Putin

February 17, 2010

Via the AP: "As we know, the global financial crisis originated neither in Russia, nor in Greece or Europe — it came from across the ocean," Putin said. "In the United States, we see the same problems — massive foreign debt and budget deficit," he said.

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You can keep the note

September 14, 2009

I re-watched the classic Marx Brothers movie Duck Soup last night and three (barely) finance-related bits stuck out. Yes, this as a thinly veiled attempt to get the Marx Brothers on TGR. First, a timely discussion of the politics of debt, in Groucho's extended introduction: Groucho: "Now, how about lending this country 20 million dollars […]

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Measuring fiscal boosts

June 25, 2009

Brad DeLong is an esteemed economist at U.C. Berkely, but I am confused by evidence he uses in a recent blog post. Brad uses the following graph to argue that the level of deficit spending through the current crisis does not even approach the level during WWII which he views as necessary to reduce the […]

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Don't buy stuff you cannot afford

February 11, 2009

Older but great clip from SNL:

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