The Renegade Economists' view on global events
First-time buyers are suffering, and mortgage rule changes could lead to yet more misery, so perhaps it’s time to consider the benefits of being a tenant, writes Laura Howard
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Dirk J Bezemer from Groningen University has presented a paper on Understanding Financial Crisis Through Accounting Models.
This paper presents evidence that accounting (or flow-of-fund) macroeconomic models helped anticipate the credit crisis and economic recession. Equilibrium …
We’ve seen how Barack Obama has failed to change the rules governing America’s banks- it’s back to business-as-usual on Wall Street. And now, Britain’s government is confessing failure. In its White Paper on financial regulation, …
The mood among UK business leaders has hit its highest level for a year, with a small majority believing that the bottom of the business cycle has been …
The Renegade Economist has been sent some of the data behind the MP’s expenses row.
Here is the spreadsheet for the 2007/8 claims – interesting reading.
No-one at Renegade Economist HQ realised that it was so expensive to live …
In all the newspaper articles, in all the radio programmes and TV shows now exposing our MP’s expenses, and previously, our failed bankers’ bonuses, two core issues have been strikingly missed. One is to question …
A trillion-dollar storm is gathering over the commercial real estate landscape that’s threatening to add further pain to an already bruised US economy.
The commercial debt securitization market is dead and the outcome looks stark for …
Sit back and listen to The Renegade Economist bring sense the the economic situation we are in today. In this instalment we look at how we got here…
The collapse of the Western financial sector was just what the doctor ordered, for the bankers. They had reached the point where they needed a cathartic clean-out. Their bloated excesses couldn’t go on, so a …
Tony Beckwith, a Renegade Economist, reader sent us a link today and we were so shocked by the absolute inability of someone who is one of the most powerful people in US banking to explain …
In 1997 Fred Harrison wrote to Tony Blair and his Ministers: “I am your worst nightmare. I know exactly why New Labour will fail”. For ten years Harrison identified for Gordon Brown the policies that …
The document that spelt out the mechanism that would drive the global economy into depression was published in 1997. The land-led property boom was globally synchronised, so every economy in the world was heading for …
The International Monetary Fund has warned of “worrisome parallels” between the current global crisis and the Great Depression, despite the unprecedented steps already taken by central banks and governments worldwide.
http://www.telegraph.co.uk/finance/financetopics/recession/5166956/IMF-warns-over-parallels-to-Great-Depression.html
Have another look at The Renegade …
“Should a systemic regulator see a rapid rise in asset prices, Rosengren said, it would first investigate the cause, whether the increase was boosted by leverage and whether mismatches in funding long-term assets with short-term …
Foxtons, the now cash-strapped estate agency that came to epitomise the London housing boom, is in talks with banks about a debt-for-equity swap that would see lenders agree to write off between £60m and £90m …
Federal Reserve chief Ben Bernanke said on Tuesday that there were initial signs that the prolonged US recession may be easing sighting that “tentative signs that the sharp decline in economic activity may be slowing,” …
The economic crisis has focussed many minds on immediate survival, ranging from individuals coping with redundancy, to governments propping up failed banks and car manufacturers. In a crisis humans tend to panic and regress into …
The Renegade Economist team presents an opportunity to learn what’s about to happen in the domestic and global economy, and how you will be affected. Our workshop – we call it an Economic Clinic – …
Britain’s macho Prime Minister is angry. He just hates the fact that some people conceal their money in tax havens, and on April 2 he will go ginning for them with all the fire power …
Five months ago The Renegade Economist (conservatively) estimated that $45trn of global wealth was going to be being wiped out. The response from the UK press was indifference. Although the figures were reported globally, there …
Gordon Brown wants to infect the leaders of the G20 countries with his Walter Mitty fantasies.* If he succeeds in luring them into his make-believe world the collective denial about the roots of the global …
The life expectancy gap between rich and poor people in England is widening, despite years of government and NHS action, a hard-hitting National Audit Office report reveals today.
Popularity: 10% [?]
The life expectancy gap between rich and poor people in England is widening, despite years of government and NHS action, a hard-hitting National Audit Office report reveals today.
Popularity: 10% [?]