World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Banking on the banks
Keywords:
Tags:
The comparison of the British economy and the American economy with Japan, where debt constantly eats away at the economy, a long period of stagnation, is one possible outcome, says Buttonwood in the Economist. Central banks in both countries are allowing the banks to earn more money to replenish their capital, by letting them borrow short term at very low rates and invest the proceeds in higher yielding longer dated government bonds. Its acozy relationship where the banks are rescued by the government and they in turn finance the government by buying government bonds, but in the long run this means diverting lending from productive private sector projects and productive investment.
Recapitalization of Banks in the U.K. and the U.S.
09/29/2008
With Gordon Brown's initiative in the UK and Secretary Paulson shifting TARP1 focus to injecting capital into struggling banks, the focus shifted to this in the last quarter of 2008.
Grouped Articles
Cost of Bailouts Continues to Decline
Wall Street Journal 05/10/2013
Barclays Plans to Issue New Shares
Wall Street Journal 07/29/2013
Barclays Emerges From the Doghouse
Wall Street Journal 07/29/2013
Barclays Aims to Fill Expensive Hole
Wall Street Journal 07/30/2013
Plan to Help Banks Clear Their Books Is Halted
New York Times 06/04/2009
European Regulators Move Swiftly to Rescue Two Lenders
New York Times 09/29/2008
Quantitiative easing, the Federal Reserve creating money to buy government bonds, is creating surplus dollars and pounds.
09/24/2009
QE is likely to continue as the central banks of the USA and U.K. have no easy exit strategies.
Grouped Articles
Economist 09/24/2009
How the Fed Can Avoid the Next Bubble
Wall Street Journal 10/06/2009
The Weak-Dollar Threat to Prosperity
Wall Street Journal 10/08/2009
The Banking System Is Still Broken
Wall Street Journal 10/16/2009
What Happens If the Dollar Crashes
BusinessWeek 10/14/2009
Economist 10/26/2009
The bailout and the Federal Reserve's infusion of cheap money are having unintended effects.
01/20/2009
One impact is that a few securties firms are making large profits even as the smaller banks are failing, banks like Citigroup and Bank of America are suffering losses, and the banks that were "too big to fail" are actually becoming larger. The Fed's infusion of money is not helping small and medium sized businesses with credit, as the smaller banks that lend to these businesses -as Ms. Lee points out- are not getting credit and are laying off people. This is setting off a vicious cycle of shrinking employment and shriking consumer demand.
Grouped Articles
How the Fed Can Avoid the Next Bubble
Wall Street Journal 10/06/2009
Recession Spells End for Many Family Businesses
Wall Street Journal 10/06/2009
Taking the National Debt Seriously
Wall Street Journal 10/12/2009
Steven Pearlstein - Don't Reinflate the Old Bubbles
Washington Post 10/14/2009
Financial-Services Regulation Fuels Tiff
Wall Street Journal 10/14/2009
That Promised Financial Reform
New York Times 10/14/2009
Comparisons of the U.S. Economy with Japan, considering the Federal Reserve's easy money policy and little lending by banks.
10/15/2009
Is the US economy already in a liquidity trap with exploding monetary growth and little consumer lending asks Christopher Wood. Views of other experts on the subject.
Grouped Articles
Target Is 'Flexible,' Says Japan Bank Chief
Wall Street Journal 04/12/2013
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/2013
Sluggish Economic Recovery Proves Resilient
Wall Street Journal 04/21/2014
Is the U.S. Economy Turning Japanese?
Wall Street Journal 10/27/2009
Economist 10/15/2009
Wall Street Journal 12/08/2009
Voices of caution about the economic recovery in the U.S. as underlying problems remain.
04/20/2008
Underlying problems in foreclosure rates, job losses, and toxic assets at banks remain unresolved, even as the stimulus spending plans and the Fed's putting money into the economy fast have helped restore some degree of confidence.
Grouped Articles
New York Times 10/10/2010
The Wage That Meant Middle Class
New York Times 04/20/2008
A Trap in Obama’s Spending Plan
New York Times 12/21/2008
In Japan’s Stagnant Decade, Cautionary Tales for America
New York Times 02/13/2009
New York Times 02/13/2009
New York Times 03/06/2009
Goldman Sachs CEO Blankfein.
10/10/2009
Goldman and its CEO continue to be unpopular with a public that is unhappy with the government help to the banks. Large bonuses make the situation even worse.
Grouped Articles
Goldman Bets Less and Takes Hit
Wall Street Journal 07/20/2011
Wall Street Journal 07/23/2013
Senior Executives at Goldman Had a Role in Mortgage Unit
New York Times 04/18/2010
Wall Street Journal 04/20/2010
Exit Shows Blankfein Still Rows Goldman
Wall Street Journal 10/22/2013
A Moot Effort to Burnish the Reputation of Goldman Sachs
New York Times 10/23/2013
Allan Meltzer's action plan for the economy includes reversing the excessive monetary easing starting now in October 2009 so that it can be done gradually and not hurt the economy through sudden contraction later on.
10/01/2009
Allan Melzer was co-founder an co-chairman of the Shadow Open Market Committee for over two decades, advisor to Presidents Kennedy and Reagan, and one of the foremost experts on the Federal Reserve System. He calls for the U.S. Federal Reserve to adopt an early exit strategy from loose monetary policies.
Grouped Articles
Once Again, the Fed Shies Away From the Exit Door
Wall Street Journal 07/11/2013
Bhidé and Phelps: Central Banking Needs Rethinking
Wall Street Journal 07/16/2013
Preventing the Next Financial Crisis
Wall Street Journal 10/23/2009
Is the U.S. Economy Turning Japanese?
Wall Street Journal 10/27/2009
Economist 10/15/2009
Jobs Now, Deficit Reduction Later
BusinessWeek 10/29/2009
Liquidity Trap in Japan and the U.S.
03/17/2008
With the demand curve for money horizontal further increases in the money supply do little to lower interest rates, or as in the current situation where the interest rates in the US are virtually at zero so that further increases in the money supply do little to stimulate the economy. As unemployment is growing and the financial sector weak, Bernanke and the Fed see other ways in which quantitative easing helps a recovery. Here Chritopher Woods compares today's situation in America to that of postbubble Japan. He says America is already in a liquidity trap. And the regulatory forbearance to cleanup the banking mess is similiar to that in postbubble Japan when it took the government years to get up the will and strength to straighten out the mess including breaking up the banks that are too big to fail.
Grouped Articles
Is the U.S. Economy Turning Japanese?
Wall Street Journal 10/27/2009
Economist 10/15/2009
Economist 12/30/2009
Fed’s Bullard Raises Policy Concerns
Wall Street Journal 07/29/2010
Opinions Are Split on Fed Policy Move
Wall Street Journal 11/01/2010
Ben S. Bernanke - What the Fed did and why: supporting the recovery and sustaining price stability
Washington Post 11/04/2010
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us