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Monthly Archives: October 2011
MF Global brokerage goes bankrupt :Excessive leverage and overexposure to European debt seem to factors
MF global a U.S. brokerage house headed by Jon Corzine, a former executive with Goldman Sachs, a former U.S.Senator and former Governor of New Jersey has declared bankruptcy in New York, apparently a victim of excessive leverage and over exposure … Continue reading
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European solution seems on track for the moment:Falling financial dominoes to be shored up.
While the financial markets wait with keen anticipation it does seem from studying the entrails of reports emanating from Brussels that the long awaited made in Europe solution to the sovereign debt crisis triggered by the spectre of the failure … Continue reading
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Keynes:Alive and Well
Way back in 1996 I wrote an op ed piece for the business pages of the Toronto Globe and Mail in response to the anti-Keynesian musings of Terence Corcoran a business columnist for the Globe and Mail who was convinced … Continue reading
Turbulence continues European debt, High unemployment + Reforming Wall Street dominate news
As we begin the new week there is a lot to reflect upon. The Europeans are supposedly going to resolve the deadlock over how to repair the bailout of Greece. Their austerity program has not worked and Greece now needs … Continue reading
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The Deficit:Hysteria and the Current Crisis
DeficitPapers-Chapter 2 – This essay originally written in 1983-84 and the introduction to it (1992) was reprinted in my book with Phillip Hansen Toward a Humanist Political Economy published in 1992. I am including it here because it contains analysis … Continue reading
