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Rijke Duitsers zijn welkom! - update

Groot nieuws op enkele nieuwssites: "rijke Duitsers willen meer belastingen".

Written by Geert Noels
On October 23, 2009
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The next financial crisis

I do not have a lot of time today, but just want to share some thoughts with you. As readers know from previous posts, I am very concerned about a double dip, first of the financial system and later of the economy. I am not pessimistic by nature, but I think that measures taken as from August 2007 - the first signs of the imminent ...

Written by Geert Noels
On October 28, 2009
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The recession is over, isn't it ?

The news is now all around: the recession is over. It seems that the media are so hungy for good news, that they forget to give a fair picture of the current state of the US, European and world economy.

Written by Geert Noels
On October 31, 2009
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European Commission Forecasts

All in all, GDP growth in 2010 and 2011 is forecast to reach 9.6% and 9.5% respectively, still implying a relative underperformance compared to the average rate observed since 1978. However, demand by China should give a bottom to global prices of raw materials including petrol.The European Commission made an update of its ...

Written by Geert Noels
On November 03, 2009
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Like it's 2003

(My emphasis) Fed Statement December 2003 : "In those circumstances, the Committee believed that policy accommodation could be maintained for a considerable period ." Fed Statement November 2009: "In these circumstances, the Federal Reserve will continue to employ a wide range of tools to promote economic ...

Written by Geert Noels
On November 05, 2009
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"Godsman Sachs"

When I read this Reuters' news story , I thougt it was a joke: (full interview here , thanks lvb) LONDON (Reuters) - The chief executive of Goldman Sachs, which has attracted widespread media attention over the size of its staff bonuses, believes banks serve a social purpose and are doing "God's ...

Written by Geert Noels
On November 08, 2009
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Willem Buiter believes gold is worth nothing (zero, nihil)

That's a statement, Willem Buiter in the Financial Times: G old is a six thousand year-old-bubble.

Written by Geert Noels
On November 13, 2009
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Willem Middelkoop over de kredietcrisis

Willem Middelkoops nieuwe boek is een aanrader.

Written by Geert Noels
On November 12, 2009
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Naked short-selling and the fall of Bear Stearns

Er is een reden waarom een muziekblad zoals Rolling Stone en niet The Wall street Journal - om er maar één te noemen - tracht dieper te graven in de financieel-economische crisis en de rol van Wall Street firms en de centrale bank. In de afgelopen weken heeft Rolling Stone een aantal artikels uitgebracht die de vinger leggen op een ...

Written by Geert Noels
On November 20, 2009
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Debate with the great Paul Krugman in Louvain-La-Neuve (with sound and vision!)

In terms of disagreements or comments , just some short thoughts:- I am a bit surprised that "trend growth" is defined as a growth level of approximately 2,5%, starting (!) from the level of end 2007, which was clearly debt-driven, unsustainable, after a huge real estate bubble. In my calculations, with a starting point some 10 ...

Written by Geert Noels
On November 19, 2009
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Deze avond debat met Paul Krugman - update over de bubble

Deze avond heb ik een debat in Louvain-La-Neuve met onder meer Paul Krugman. Deze Nobelprijswinnaar is vooral bekend als opiniemaker, en getalenteerd columnist in de New York Times.Krugman heeft in het verleden zijn reputatie verdiend met erg uitgesproken standpunten, die ook kwalitatief positief scoorden. Hij gaf kritiek op ...

Written by Geert Noels
On November 18, 2009
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Hedge fund that betted on subprime debacle is now very long on gold

The physical accumulation by private and instituional investors of gold starts to be impressive. One analyst calculated the amount accumulated by Paulson & Co ., the hedge fund manager who betted correctly on the mortgage crisis between 2007 and 2009. He now holds more gold than central banks of ...

Written by Geert Noels
On December 01, 2009
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'De 5 beste beleggers'

Dat was de catchy titel in Netto, de bijlage van De Tijd. Lijstjes zijn tof, maar ik begrijp dat het geen absolute wetenschap is. Toch ben ik verbaasd met het resultaat :

Written by Geert Noels
On November 30, 2009
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Krugman finds Belgium a good example

Krugman has repeated on his blog the statement he made in the debate last week in Louvain-La-Neuve: the US can and should run a public debt level as high or higher as the Belgian: Why, people ask, would I want to compare us to Belgium and Italy? Both countries are a mess! Um, guys, ...

Written by Geert Noels
On November 24, 2009
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History will judge about Goldman

One day we will know the truth about all the bailouts. The fall of Lehman, the rescue of AIG and the role of the Fed an especially Goldman Sachs. Below a short version of what could have been the scenario and the hidden agenda...

Written by Geert Noels
On November 24, 2009
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