Fear for a Lost Decade

Krugman is interviewed very capably by Will Hutton, a veteran writer and economist for the UK Guardian (a bastion of liberal politics).

As analysts and media hailed the tentative emergence of green shoots last week, Nobel Prize-winning economist Paul Krugman caused international shock with a prediction that the world economy would stagnate just as badly, and for just as long, as Japan’s did in the 1990s. In an exclusive interview, he talks to Will Hutton about his anxiety for the future.

Can a New Business Model Save Investment Banking?

A new report from Accenture

Accenture_Outlook_Can_A_New_Business_Model_Save_Investment_Banking

Banken wird Schönrechnerei erlaubt

Neue US-Bilanzregeln

Banken wird Schönrechnerei erlaubt

Was sind faule Papiere in den Bankbilanzen wert? Bislang galt die Regel: Schreibe nur in die Bilanz, was du am Markt erzielen könntest. Das ist nun de facto abgeschafft: Auf Drängen des US-Kongresses hat der amerikanische Bilanzierungsrat FASB die Richtlinien für Geldhäuser gelockert.

Roubini: New Regulations „Go in the Right Direction,“ But Not Far Enough

Ein Yahoo Finance Video mit Nouriel Rubini.

The new Wall Street regulations announced by President Obama yesterday „go in the right direction“ but only accomplish about „75% of what needs to be done,“ says Nouriel Roubini, professor at NYU’s Stern School and chairman of RGE Monitor.

This Time It’s Different*

Aus John Mauldin’s heutigem Newsletter

Ben Bernanke’s career will be analyzed and written about for many years. But the one thing that has caused me the most pain is his bringing of the term „green shoots“ into the investment lexicon. These may be the two most overused and annoying words of my investment career. Every possible sign of a recovery is anointed with the phrase.

Of late, there has been a tendency for analysts to see numbers or statistics that are „less bad“ and interpret them as signs that we are in recovery or at least almost there. They glance back at previous recoveries and say, „Doesn’t this look like the last time? When such and such happens it means that recovery is on the way. We should therefore buy stocks“ (or whatever).

That we are condemned to read such musings is part of the investment landscape.