David Beckworth
David Beckworth's Latest Articles | 182
Why the Global Shortage of Safe Assets Matters
One of the key problems facing the world economy right now is a shortage of assets that investors would feel comfortable using as a store of value. There is both... Read »
The Merkelian Reich
We learn that Mario Draghi, head of the ECB, has made a deal with Germany that would allow the central bank to open the monetary spigot only if Germany gets its... Read »
The Eurozone Crisis is a Monetary Crisis, Not a Fiscal One
So argues Ambrose Evan-Pricthard: This is a monetary crisis, caused by a jejune central bank that aborted a fragile recovery by raising rates earlier this year,... Read »
The Fateful Decision to Tighten ECB Monetary Policy
Paul Krugman notes that the Eurozone crisis began rearing its ugly head again back in April, the very time the ECB decided to tighten monetary policy. Krugman thinks... Read »
The ECB Needs the Fed Now More Than Ever
And it is not because the ECB needs more currency swaps. It is because the ECB needs the Fed for cover. Here is why. The Fed is a monetary superpower. It manages... Read »
There Are Things Worse Than Inflation
Like an economic collapse in Europe, or worse. Here is Ambrose Evans-Pritchard on the latter possibility: Chancellor Angela Merkel tells us that peace in Europe... Read »
The Fed Needs to Get Ahead of the Eurozone Crisis
Brad DeLong says what I have been thinking for some time: Where is my fed announcement that it will not let chaos in Europe cause a double dip here? Exactly. The... Read »
The Geithner Plan to Save Europe is Not Enough
The latest initiative to save the Eurozone is the “Geithner Plan“. It would have the Eurozone leverage up the EU’s €440 billion bailout fund... Read »
What Explains the Big Sell Off in Markets?
As Ezra Klein notes, many observers are attributing it to the FOMC saying it sees “significant downside risk” to the economy. Felix Salmon, however,... Read »
Maybe the GOP Leadership Has Known All Along
That additional monetary stimulus would help the economy. That is the only sense I can make of the letter from Republican leaders in Congress sent to Federal Reserve... Read »






