Friday, September 16, 2011

Robert Barro vs. Jamie Galbraith


Jamie Galbraith goes head to head with Robert Barro, in the enemy's territory (Bloomberg). Several important points raised by Jamie. Beware of the delirium about the post-1980s being the start of two decades of prosperity. In fact, medium income stagnated after that, and growth has been based on a series of unsustainable bubbles.

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Bretton Woods and corporate defaults

In the Eatwell and Taylor book, Global Finance at Risk , they had, I think, a graph with the percentage of corporate bonds in default in the...