User 241672

The Seduction of America

I wonder if we lost a huge opportunity last September to balance the economy. If we had let the "banking system" -- ie. shadow banking system, and American financial oligarchs fail, that graph of financial system profits to regular economic profits would have corrected pretty quickly.

Perhaps the trillions of dollars of obligations assumed by the US taxpayers could have been just mailed out as stimulus checks to restart the _real_ economy. 10 or 20 thousand per household would have been a nice down-payment on a productive economy.

The Curious Case of the U.S. Dollar

I just don't buy this "risk aversion" trade. There's got to be something more. Show me one scrap of empirical evidence that agents are dumping their local currencies and running to the US dollar.

Such a fundamental thing as the value of the US currency and there's just no discussion beyond this "risk aversion" cliche.

Roubini? Greenspan? Gross? Surely someone with authority will speak to this.