Author Archives: thomaselam

Treasuries, TIPS, and Gold (Wonkish) [NYTimes.com]

Link to original article, September 6, 2011, NYTimes.com Paul Krugman … For this is essentially a “real” story about gold, in which the price has risen because expected returns on other investments have fallen; it is not, repeat not, a … Continue reading

Posted in Gold, Why | Tagged , | Leave a comment

Fact-checking financial recessions [VOXeu.org]

Link to original article, October 5, 2012, VOXeu.org By Moritz Schularick, Alan Taylor The central part played by credit in the deep downturn and weak recovery fits a recurring historical pattern. Financial crises correlate with more painful recessions. This column … Continue reading

Posted in Predictions of the Big Reset, Uncategorized, Why | Tagged , | Leave a comment

This Time is Different, Again? The United States Five Years after the Onset of Subprime [PDF on Ken Rogoff’s faculty page on harvard.edu; also, Bloomberg.com]

Link to original article, October 14, 2012, http://www.economics.harvard.edu Link to very similar article, October 15, 2012, Bloomberg.com Carmen M. Reinhart and Kenneth S. Rogoff Harvard University Five years after the onset of the 2007 subprime financial crisis, GDP per capita … Continue reading

Posted in Predictions of the Big Reset, Why | Tagged , | Leave a comment

How Dangerous is America’s Debt? [Time.com]

Link to original article, June 6, 2012, Time.com In the past three weeks, the Congressional Budget Office (CBO) has released two reports that seem to justify contradictory fiscal policies. The first calculated that the U.S. economy could be thrown into … Continue reading

Posted in Why | Tagged | Leave a comment

Spain’s Death Spiral and the Hypocrisy of the Euro [Time.com]

Link to original article, April 5, 2012, Time.com … The austerity drive is failing to achieve what it aims to do: improve Spain’s financial position and rebuild investor confidence. Instead, investors have been spooked by the deterioration of the Spanish … Continue reading

Posted in Why | Tagged , | Leave a comment

No it’s not different this time warns Professor Ken Rogoff [ArabianMoney.net]

Link to video, January 29, 2012 on ArabianMoney.net Professor Ken Rogoff warned that things are not going to be any different this time and that business leaders are underestimating the impact of the eurozone crisis in an interview last week … Continue reading

Posted in Predictions of the Big Reset | Tagged | Leave a comment

Transcript of interview with Niall Ferguson [CNN]

Link to original transcript, July 4, 2010, CNN NIALL FERGUSON, HARVARD UNIVERSITY: Once you suddenly find your interest payments rising, it’s very quickly a – a shift into a death spiral, a kind of tailspin in which things compound. The … Continue reading

Posted in Predictions of the Big Reset | Tagged | Leave a comment