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	<title>the rational post &#187; macroeconomics</title>
	<atom:link href="http://www.freedom24.org/rationalpost/tag/macroeconomics/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.freedom24.org/rationalpost</link>
	<description>a collection of essays and articles on the science of everyday life</description>
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		<item>
		<title>in like a lion, out like a lamb?</title>
		<link>http://www.freedom24.org/rationalpost/2010/09/07/in-like-a-lion-out-like-a-lamb/</link>
		<comments>http://www.freedom24.org/rationalpost/2010/09/07/in-like-a-lion-out-like-a-lamb/#comments</comments>
		<pubDate>Tue, 07 Sep 2010 15:51:21 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[history & society]]></category>
		<category><![CDATA[capital markets]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[psychology]]></category>
		<category><![CDATA[risk]]></category>
		<category><![CDATA[speculation]]></category>
		<category><![CDATA[statistics]]></category>
		<category><![CDATA[stimulus]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=2350</guid>
		<description><![CDATA[Students of behavioral finance must have had a field day this past week. In the wake of a month of dismal economic reports, Wall Street got its risk on with a few better than expected reports on manufacturing sentiment, home sales, and employment. Hopium, it appears, is a powerful drug.
Economists spent August cautiously lowering their outlook for the second half of the year as Obama&#8217;s &#8220;recovery summer&#8221; failed to bear fruit, the Federal Reserve failed at both of its twin mandates (stable prices and full employment), and bullish analysts failed to convince investors that the market was ready to climb to fresh highs. As a result, stocks ended the worst August in nine years with rising calls for stimulus and ...]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>the great recession: act ii</title>
		<link>http://www.freedom24.org/rationalpost/2010/08/11/the-great-recession-act-ii/</link>
		<comments>http://www.freedom24.org/rationalpost/2010/08/11/the-great-recession-act-ii/#comments</comments>
		<pubDate>Thu, 12 Aug 2010 00:55:54 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[featured]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[world affairs]]></category>
		<category><![CDATA[austerity]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[banking system]]></category>
		<category><![CDATA[capitalism]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[debate]]></category>
		<category><![CDATA[financial markets]]></category>
		<category><![CDATA[geopolitics]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[stimulus]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=2315</guid>
		<description><![CDATA[As Canadians sparred over fake lakes, budget-busting security, and the global capitalist conspiracy, the world’s twenty most influential leaders convened in Toronto this past June to negotiate a response to the worst financial crisis in generations. At issue was an age old debate between two economic philosophies: stimulus as a life vest versus stimulus as a straitjacket. The pro-life camp was championed by consumerist America and its global supply chain. The pro-restraint camp was led by conservative Germany and its regional demand chain. At risk were millions of jobs, trillions in debt, and quite possibly the fate of our modern political economy.
With so much on the line, the G20’s vague and non-committal communique was particularly troublesome, since a crisis this big requires a coordinated and comprehensive response. Instead, the world’s two largest economies spent ...]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>a dose of reality</title>
		<link>http://www.freedom24.org/rationalpost/2010/05/05/a-dose-of-economic-reality/</link>
		<comments>http://www.freedom24.org/rationalpost/2010/05/05/a-dose-of-economic-reality/#comments</comments>
		<pubDate>Wed, 05 May 2010 15:06:39 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[featured]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[history & society]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[banking system]]></category>
		<category><![CDATA[behavioral]]></category>
		<category><![CDATA[capital markets]]></category>
		<category><![CDATA[capitalism]]></category>
		<category><![CDATA[geopolitics]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[politics]]></category>
		<category><![CDATA[rates]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[speculation]]></category>
		<category><![CDATA[unemployment]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=2163</guid>
		<description><![CDATA[Armies of bulls and bears are camped out on either side of the great debate over the future of the global economy. Armed with the latest statistics and plenty of financial incentive, both sides are engaged in massive media campaigns to rally anyone left on the fence &#8212; principally retail investors who were either burned in the great collapse of 2008-09 or sat out the fast and furious rally over the past 14 months. As the rhetoric heats up, it becomes increasingly difficult to choose sides. A careful examination of these competing wagers provides a more holistic perspective for anyone brave enough to join the fight.
Victory lap
Having survived the worst correction in generations, major indices are now back to levels ...]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>turning a new leaf?</title>
		<link>http://www.freedom24.org/rationalpost/2010/04/07/turning-a-new-leaf/</link>
		<comments>http://www.freedom24.org/rationalpost/2010/04/07/turning-a-new-leaf/#comments</comments>
		<pubDate>Wed, 07 Apr 2010 20:56:52 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[banking system]]></category>
		<category><![CDATA[bubble]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[greenspan]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[regulation]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=2068</guid>
		<description><![CDATA[Mr. Dollar testified before the Financial Crisis Inquiry Commission today about the challenges of a self-regulating market and the dangers that lie ahead. While his belief in free market capitalism remains unshaken, Greenspan&#8217;s warnings about the key attributes that should underpin a stable banking system &#8212; adequate capitalization, liquidity, and regulatory oversight &#8212; cast a surprising shot across the bow of modern banking giants who have grown a little too comfortable with their bailout blanket and artificially low interest rates. 
Whether the economy tips back into chaos or not remains to be seen, but the rare regulatory prudence recommended in the Maestro&#8217;s testimony is a welcome conservative voice in the growing chorus to reign in banking titans who seem unwilling ...]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>complexity and collapse</title>
		<link>http://www.freedom24.org/rationalpost/2010/03/31/complexity-and-collapse/</link>
		<comments>http://www.freedom24.org/rationalpost/2010/03/31/complexity-and-collapse/#comments</comments>
		<pubDate>Thu, 01 Apr 2010 00:29:56 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[history & society]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[complexity]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[empire]]></category>
		<category><![CDATA[financial system]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[sustainability]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=2066</guid>
		<description><![CDATA[From daily solar cycles to quarterly seasonal changes to the 130,000-year lapse between Ice Ages, our world is filled with natural ebbs and flows. Those that try to forecast the future by studying these longer sweeping patterns are often accused of being out of touch, relying on the distant past for established wisdom rather than embracing contemporary optimism that &#8220;this time is different&#8220;. In this essay in Foreign Affairs, Niall Ferguson reminds us that America is just as vulnerable to collapse as the many great civilizations that preceded it &#8212; maybe even more so given the increasing complexity of our modern global economy&#8230;

Complexity and Collapse
Empires on the Edge of Chaos
by Niall Ferguson in the March/April 2010 Issue of Foreign Affairs ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2010/03/31/complexity-and-collapse/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>the spanish prisoner</title>
		<link>http://www.freedom24.org/rationalpost/2010/02/11/the-spanish-prisoner/</link>
		<comments>http://www.freedom24.org/rationalpost/2010/02/11/the-spanish-prisoner/#comments</comments>
		<pubDate>Thu, 11 Feb 2010 06:03:49 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[world affairs]]></category>
		<category><![CDATA[capitalism]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[europe]]></category>
		<category><![CDATA[leadership]]></category>
		<category><![CDATA[leverage]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[regulation]]></category>
		<category><![CDATA[speculation]]></category>
		<category><![CDATA[unemployment]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=2018</guid>
		<description><![CDATA[&#8220;Zapatero is not a good driver. It&#8217;s like a boat, which in calm waters steers fine, but when it gets bumpy, they are not prepared.&#8221; The same could be said for many of the world&#8217;s C-level leaders, so it&#8217;s perhaps not surprising that both companies and countries are finding out the hard way that credit can dry up when the sea gets choppy&#8230;
Not a bull in sight as the bears go after Spain
From the nosebleed seats of the E.U., government cries out &#8216;We are not Greece&#8217;
By Barbara Kollmeyer, MarketWatch
MADRID (MarketWatch) &#8212; Eduardo Fernandez Agudo is old enough to have lived through other economic crisis in Spain, but the current one has him worried enough.
&#8220;We are in a very difficult time. For ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2010/02/11/the-spanish-prisoner/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>volcker rules</title>
		<link>http://www.freedom24.org/rationalpost/2010/02/02/volcker-rule-sustainable-reform/</link>
		<comments>http://www.freedom24.org/rationalpost/2010/02/02/volcker-rule-sustainable-reform/#comments</comments>
		<pubDate>Tue, 02 Feb 2010 12:20:15 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[history & society]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[bubble]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[regulation]]></category>
		<category><![CDATA[speculation]]></category>
		<category><![CDATA[volcker]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=1956</guid>
		<description><![CDATA[A perennial hot ticket on the lecture circuit at economic clubs and grad schools around the planet, Paul Volcker&#8216;s influence is finally starting to resonate where it counts: at both ends of Pennsylvania Avenue. As his testimony in front of the Senate Banking Committee looms, the broader premise of a more responsible financial services sector pursuing sustainable, profitable growth needs to get out in clear journalistic prose from a messenger untarnished by the last 18 months of political and economic triage. This Sunday NYTimes op-ed attempts to do just that, despite the complexity of the topic. Unfortunately, it falls a little short for those either too stubborn or greedy to listen or too impatient to digest his astute commentary on ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2010/02/02/volcker-rule-sustainable-reform/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>trouble on the homefront?</title>
		<link>http://www.freedom24.org/rationalpost/2009/12/18/household-finances-governor-carney/</link>
		<comments>http://www.freedom24.org/rationalpost/2009/12/18/household-finances-governor-carney/#comments</comments>
		<pubDate>Fri, 18 Dec 2009 12:31:13 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[behavior]]></category>
		<category><![CDATA[behavioral]]></category>
		<category><![CDATA[canada]]></category>
		<category><![CDATA[consumption]]></category>
		<category><![CDATA[fin]]></category>
		<category><![CDATA[households]]></category>
		<category><![CDATA[leverage]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[real esate]]></category>
		<category><![CDATA[saving]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=1861</guid>
		<description><![CDATA[As rare proof that not all ex-Goldman bankers are great vampire squids wrapped around the face of humanity, Bank of Canada Governor Mark Carney turns his gaze toward households as the holidays approach with some keen macro observations and their implications for micro decision-making. Though the central bank recently raised flags about Canadian household finances and talk of a real estate bubble has begun to resurface, this public address seems measured both in its observations and its conclusions, and reflects well on the current poster child of responsible 21st century monetary governance&#8230; 
Remarks by Mark Carney, Governor of the Bank of Canada
at The National Forum (Canadian Club of Toronto and Empire Club of Canada)
16 December 2009
Download the entire document in ...]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>bunning ♥ bernanke</title>
		<link>http://www.freedom24.org/rationalpost/2009/12/17/bunning-%e2%99%a5-bernanke/</link>
		<comments>http://www.freedom24.org/rationalpost/2009/12/17/bunning-%e2%99%a5-bernanke/#comments</comments>
		<pubDate>Fri, 18 Dec 2009 01:52:21 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[bernanke]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[monetary policy]]></category>
		<category><![CDATA[policy]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=1776</guid>
		<description><![CDATA[For all its flaws, one of the great strengths of the American political system is the degree to which competing perspectives fight to the death in Washington&#8217;s marketplace of ideas. A perfect example is the recent exchange between Senate Banking Committee member (and Baseball Hall of Famer) Jim Bunning and his monetary nemesis Fed Chairman Bernanke on the eve of a controversial re-nomination&#8230;

Bunning Statement On The Re-Nomination Of Ben Bernanke To Be Chairman Of The Federal Reserve
Senate Banking Committee on Thursday, December 3, 2009
Four years ago when you came before the Senate for confirmation to be Chairman of the Federal Reserve, I was the only Senator to vote against you.  In fact, I was the only Senator to even raise serious ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2009/12/17/bunning-%e2%99%a5-bernanke/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>financial crisis for beginners</title>
		<link>http://www.freedom24.org/rationalpost/2009/12/15/financial-crisis-for-beginners/</link>
		<comments>http://www.freedom24.org/rationalpost/2009/12/15/financial-crisis-for-beginners/#comments</comments>
		<pubDate>Tue, 15 Dec 2009 07:03:47 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[banking system]]></category>
		<category><![CDATA[CDS]]></category>
		<category><![CDATA[federal reserve]]></category>
		<category><![CDATA[japan]]></category>
		<category><![CDATA[leverage]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[primer]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=1712</guid>
		<description><![CDATA[Commentators often question how recent events in global capital markets could possibly sneak up on the world&#8217;s leading economists and policymakers. One possible explanation begins with the premise that the average citizen is reasonably unaware of even the most basic financial and economic concepts – like fractional reserve banking and the time value of money. As a result, generations of otherwise sophisticated individuals have grown up trusting that our economic plumbing and the individuals who manage it are fundamentally sound.

From the sophisticated supply chain that furnishes your morning cup of Ethiopian dark roast to the number of travel miles it takes to fly home for the holidays, the financial system reaches seamlessly into virtually every part of our life. It ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2009/12/15/financial-crisis-for-beginners/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>volcker vs. greenspan</title>
		<link>http://www.freedom24.org/rationalpost/2009/12/10/volcker-vs-greenspan/</link>
		<comments>http://www.freedom24.org/rationalpost/2009/12/10/volcker-vs-greenspan/#comments</comments>
		<pubDate>Fri, 11 Dec 2009 03:58:37 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[featured]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[history & society]]></category>
		<category><![CDATA[biography]]></category>
		<category><![CDATA[federal reserve]]></category>
		<category><![CDATA[greenspan]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[keynes]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[monetary policy]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[volcker]]></category>
		<category><![CDATA[washington]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=1782</guid>
		<description><![CDATA[Much like the shifting partisan politics which rules Washington in 2- to 4-year cycles, stewardship of the Federal Reserve has ebbed and flowed between neo-Keynsians and Austrians since the birth of American central banking nearly 90 years ago. Two of the Fed&#8217;s greatest leaders and keenest minds have crafted American monetary policy for most of the last three decades, and yet they couldn&#8217;t be more different. 
This is their story.
Power Brokers
How Paul Volcker and Alan Greenspan Reinvented the Fed
Economics has been called the “dismal science” for almost 200 years, remaining on the fringes of modern policymaking until a string of recessions and panics in the late 19th century. These tremors reminded political leaders that a basic understanding of market mechanics ...]]></description>
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		<slash:comments>0</slash:comments>
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		<title>demise of the dollar</title>
		<link>http://www.freedom24.org/rationalpost/2009/10/06/demise-of-the-dollar/</link>
		<comments>http://www.freedom24.org/rationalpost/2009/10/06/demise-of-the-dollar/#comments</comments>
		<pubDate>Tue, 06 Oct 2009 13:34:28 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[finance & economics]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[the middle east]]></category>
		<category><![CDATA[balance of payments]]></category>
		<category><![CDATA[china]]></category>
		<category><![CDATA[energy]]></category>
		<category><![CDATA[geopolitics]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[monetary]]></category>
		<category><![CDATA[oil]]></category>
		<category><![CDATA[trade]]></category>
		<category><![CDATA[war]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=1634</guid>
		<description><![CDATA[This type of geopolitical conspiracy would be easy to dismiss from any other source, but speculation of an imminent de-dollarization by some of the world&#8217;s largest oil consumers is even more chilling when it&#8217;s penned by one of Britain&#8217;s most celebrated international journalists&#8230;
The demise of the dollar
By Robert Fisk, October 6, 2009
In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading
In the most profound financial change in recent Middle East history, Gulf Arabs are planning &#8211; along with China, Russia, Japan and France &#8211; to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen ...]]></description>
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		<slash:comments>0</slash:comments>
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		<title>after the crisis</title>
		<link>http://www.freedom24.org/rationalpost/2009/09/29/after-the-crisis/</link>
		<comments>http://www.freedom24.org/rationalpost/2009/09/29/after-the-crisis/#comments</comments>
		<pubDate>Wed, 30 Sep 2009 00:53:02 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[history & society]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[development]]></category>
		<category><![CDATA[geopolitics]]></category>
		<category><![CDATA[growth]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[trade]]></category>
		<category><![CDATA[world bank]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=1546</guid>
		<description><![CDATA[Exploring the recent economic &#8220;upheaval&#8221; through the lens of history helps in at least two ways: 1) it assures us that humanity has faced similar dangers in the past and somehow lived to tell the tale, and 2) it suggests that the same entrepreneurial instincts that led us into trouble (yet again) also hold the key to restoring stability and growth. This speech by the President of the World Bank highlights a series of events that presaged the crisis — like the &#8220;emergence&#8221; of emerging economies, the popularity of leveraged finance, and growing imbalances of trade — focusing less on the outcome and more on the decades of unbridled expansion that inspired it&#8230;
Robert B. Zoellick
President, The World Bank Group
September 28, 2009 in ...]]></description>
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		<title>reflections on a year of crisis</title>
		<link>http://www.freedom24.org/rationalpost/2009/08/22/reflections-on-a-year-of-crisis/</link>
		<comments>http://www.freedom24.org/rationalpost/2009/08/22/reflections-on-a-year-of-crisis/#comments</comments>
		<pubDate>Sun, 23 Aug 2009 02:56:01 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[history & society]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[banking system]]></category>
		<category><![CDATA[bernanke]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[federal reserve]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[monetary]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[regulation]]></category>
		<category><![CDATA[speech]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=867</guid>
		<description><![CDATA[A comprehensive if somewhat subjective view of the two years since the credit crisis first broke, direct from the horse&#8217;s mouth. Perhaps more interesting than any insider account of the Fed&#8217;s frantic response to the meltdown of the banking system is the degree to which the Chairman was concerned with the human impact of his macroeconomic policy-making&#8230;

 Reflections on a Year of Crisis
Chairman Ben S. Bernanke
Speech at the Federal Reserve Bank of Kansas City&#8217;s Annual Economic Symposium, Jackson Hole, Wyoming, August 21, 2009
By the standards of recent decades, the economic environment at the time of this symposium one year ago was quite challenging. A year after the onset of the current crisis in August 2007, financial markets remained stressed, the ...]]></description>
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		<title>macrofinancial stability</title>
		<link>http://www.freedom24.org/rationalpost/2009/07/04/macrofinancial-stability/</link>
		<comments>http://www.freedom24.org/rationalpost/2009/07/04/macrofinancial-stability/#comments</comments>
		<pubDate>Sun, 05 Jul 2009 01:46:45 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[finance & economics]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[banking system]]></category>
		<category><![CDATA[contagion]]></category>
		<category><![CDATA[credit]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[economist]]></category>
		<category><![CDATA[financial markets]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[regulation]]></category>
		<category><![CDATA[systemic]]></category>
		<category><![CDATA[theory]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=872</guid>
		<description><![CDATA[Armchair financial quarterbacks would do well to tune out the mass media every so often and tune into the real global dialogue on the nature of the recent crisis and our prospects for a sustainable recovery. It is no coincidence that those whose perspective is truly global consider the fundamental nature of our modern political economy in terms of decades not days, systems not statistics, and welfare not wealth.
In this speech, given just weeks before the March 2008 arranged marriage of Bear Stearns and JPMorgan, this banker to central bankers dissects the credit crisis of 2007 and calls attention to dangerous fault-lines that presaged the apocalyptic deleveraging of the next 18 months&#8230;

Past financial crises, the current financial turmoil, and the ...]]></description>
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