Charles Goodhart Archive

Goodhart Says Greek Deal May Collapse as Crisis Tests Euro

I like the way he puts it below: “…if they actually cut back the deficit as fast as is being required they’re just going to go into appalling deflation.” Goodhart Says Greek Deal May Collapse as Crisis Tests Euro By Svenja O’Donnell and Andrea Catherwood May 4 (Bloomberg) — Greece’s bailout “might ...Read More

Goodhart on narrow banking

[Skip to the end] He’s correct in a world that doesn’t know how to use fiscal adjustments to sustain demand. If we had had a full payroll tax holiday and per capita revenue sharing for the states introduced immediately after the real economy started experiencing the drop in demand associated with the ...Read More

The subprime mess

On Jan 5, 2008 9:40 PM, Steve Martyak wrote: > http://www.autodogmatic.com/index.php/sst/2007/02/02/subprime_credit_crunch_could_trigger_col > > > also…. > > 9/4/2006 > Cover of Business Week: How Toxic Is Your Mortgage? :. > > The option ARM is “like the neutron bomb,” says George McCarthy, a housing > economist at New York’s Ford Foundation. “It’s ...Read More