Can be found at this excellent post on Economist’s View. Lehman is down, Merrill Lynch is sold – this is far bigger than the collapse of Bear Stearns (especially since it appears to be absent a straight bailout). I suppose we will have a clearer indication of what is going on tomorrow. Expect our dollar […]
Over at policy.net, Chris Trotter states (ht Rates Blog): Keynesian economics was never more than the rational response of decent and compassionate men to the human cost of economic management when reposed in the hands of the avaricious and the uncaring This is an incredible mis-representation of “Keynesian economics” – however, it is also an […]
Source (Chicane on Stuff) Brilliant!
So the Reserve Bank surprised (almost) everyone by cutting the OCR by 50 basis points (there was one analyst who picked it – I can’t seem to find out who it was though). Lets discuss why they cut by 50 points and then move on from there. The Bank appeared to cut on the basis […]
Hi everyone, So what happened – I will be in the lockup when this post comes out so I currently do not know whats going on. If you want to see the decision while I’m away go here (*). Like everyone else, I’m guessing 25 basis points of cuts and a more dovish set of […]
I have to admit that I enjoy reading Brian Fallow’s economics articles in the Herald. His clear and concise writing about economic issues provides a public service to New Zealand. His recent article describes what the Emissions trading scheme will do to the economy. The money quote for me is: By ratifying the Kyoto Protocol […]