Analysis of Forex Trading, Financial Markets, and Economic Policies
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MIT has made a recent Paul Krugman lecture available to the public. The video and my notes/bullet points are below if you’re not feeling like watching the hour-long lecture.
Paul Krugman MIT Lecture Notes/Bullet Points
These are the things we thought we knew about the Great Depression:
- The Great Depression happened because we had an unprotected banking [...]
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Banks are trying to milk the government through the PPIP (Public Private Investment Program). The program was designed to provide liquidity for the so-called “toxic assets” on the balance sheets of financial institutions in the hope of increasing bank lending. However, it seems like the program is getting twisted.
As described in this Wall Street Journal [...]
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Moving beyond the point that we need some type of new regulation…
The question becomes: Who’s to blame for the current crisis? Or, is there even anyone to blame?
If you’re talking to an everyday person, they’ll probably say it was the banks and the mortgage lenders. If you talk to someone from Wall Street, they’ll say [...]
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Everyone is talking about how credit has “dried up”. So, has it dried up? Not really.
Source: Federal Reserve of St. Louis
As the data shows, bank credit has come down slightly but nothing like what the media hype would suggest.
Even consumer credit is holding its ground…
Source: Federal Reserve of St. Louis
Consumer credit has remained stable, just [...]
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AIG stated that it cannot fail. It appears that a confidential document leaked out which had AIG describing its exposure and possible consequences in the event of its failure [nothing we didn't really know though]. A lot of people are skeptical about AIG’s “systemic risk”; however, if Lehman Brothers was any indication, it is that [...]
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