Pulse: Finance, Banking, and Regulation


EconVue Spotlight -The Mythology of Economics


“For the great enemy of truth is very often not the lie—deliberate, contrived, and dishonest—but the myth— persistent, persuasive, and unrealistic. Too often we hold fast to clichés of our forebears. We subject all facts to a prefabricated set of interpretations. We enjoy the comfort of opinion without the discomfort of thought.”   John F. Kennedy, Yale University Commencement Address June 11, 1962

EconVue Spotlight - History is Back

I normally feel after reading, reviewing, and discussing the events of the previous week that I’m able to discern a direction or constructive theme.  Today however, every corner of the world seems mired in some degree of turmoil, and markets are reacting. There is so much noise that it is difficult to decide what is causing this new volatility. Is it China, the Fed, the Mueller investigation, Yellow Jackets, or technology run amuck?

The Global Financial Crisis – A Decade On

Reflections on the global financial crisis (what was I doing – what was I thinking?) a decade after the collapse of Lehman Brothers.

Originally published by FIIG’s The Wire blog.

When Lehman Brothers filed for bankruptcy on Monday 15 September 2008, I was in what would turn out to be my last year as Chief Economist at ANZ Bank (not that I knew it then – I didn’t decide to leave until almost exactly three months later, and then took another seven months to put that decision into effect). 

Lending Gaps and Lessons

The gap in small business lending, which the easy-money policies of the Federal Reserve were supposed to fill, are well documented. It's more difficult for small businesses to get small loans from banks, in large part because it's less profitable for banks of all sizes to make small-dollar loans.

EconVue Spotlight May 13, 2018 China's New Era?

I agree with a Twitter commentator today who said that US-China trade relations was giving him  whiplash after President Trump’s volte-face on ZTE.  For context, I recommend two new books with a longer view on the changes taking place in China.  The first, “The End of an Era” by Carl Minzer is truly a must-read for any China watcher. Devin Stewart at the Carnegie Council conducted a wonderful interview with Prof Minzer, which I’ve included below. 

The State and Cryptocurrency

Expect state government agencies and legislators to move most quickly on providing regulatory clarity on FinTech regulation in the United States. U.S. federal regulatory agencies have initiated enforcement actions against some of the most egregious cryptocurrency investment practices and are watching the industry closely.

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