Some more nationalization links, from the editors of investment website Seeking Alpha.
Buiter — Time to take the banks into full public ownership Clusterstock — More Cries For "The Swedish Model" To Fix Banks, Why Are We So Afraid To Fix Banks The Right Way?
Cowen — Why bank nationalization is a last resort, Is the Sweden plan so much better? Dillow — Arguing about bank nationalization Drum — Kevin Drum Smackdown Watch, Nationalization Revisited, Nationalization
Fama — Government Equity Capital for Financial Firms Fox — Why hasn't the government nationalized Citigroup? Hank Paulson's sort of answer, The case for nationalizing Citigroup and Bank of America, and getting Robert Reich a fact checker Free Exchange — Why not nationalise?
Hempton — Nationalisation after due process Jones — Nationalisation linkfest Kedrosky — Bank nationalization: Why Are We Pretending?
Krugman — Wall Street Voodoo Gaius Marius — nationalization now! McArdle — Why not nationalize, like Sweden?
Quiggin — What to do with nationalised banks? Salmon — The Urgent Financial Crisis Facing Obama, Insolvent Banks: Why a Debt-for-Equity Swap Won't Work, Felix Salmon Smackdown Watch, More on Bank Nationalization, Why Nationalization is the Best Alternative, Why We Should Nationalize Now, Nationalize Citigroup and Bank of America
Surowiecki — Nationalization will not be easy, Where would bank nationalization stop? Yglesias — The grain
I also want to point to Stirling Newberry’s latest two pieces, which ably crucify President’s Obama economic policies. Here's the short version, from today.
And here's the long version, from yesterday. It is not for the feint of heart, nor for those with limited attention spans.
I also want to point to Stirling Newberry’s latest two pieces, which ably crucify President’s Obama economic policies. Here's the short version, from yesterday.
And here's the long version, from two days ago. It is not for the feint of heart, nor for those with limited attention spans.
One last leap: Newbury links S-curve to aerospace technology R&D. That's all well and good example of "classic" marketing strategy. I was impressed though by the visual aid below, a NYT reprint published by visualizingeconomics.com, just because it's a collection of predictable "breakthroughs" and market saturation ("plateau") that inevitably precipitates "expansion" into "emerging" markets. Newberry's most excellent polecon observation: "We [G20] are, today, in this inuauguration moment, at a pinnacle of consumption. " That would be the heel of the curve, at the pinnacle of distributing "classic" democracy and innovative, complex financial products. Worldwide. LOL.
Watch Geithner for epic fail. Diversity is the key to economic and political evolution.
