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James Saft

Can the economy survive survival of the banks?

Now that the banks have stabilized, expect growing focus on and unease with the cut-back in lending which has been an integral part of their survival.
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A brief, but welcome recovery in housing

Activity in the U.S. housing market has bottomed - a huge plus for the economy - but a recovery in prices will not be sustained and the threat from real estate to bank capital remains acute....
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How not to avoid the next panic

A proposal to give banks, hedge funds and private equity firms "affordable" credit default swap-based insurance against market panics will be very effective: it will effectively encourage even more risk taking and turn the next crisis into one about government credit. ...
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Deflation threat in Europe is real

It is far too early to discount the threat of deflation, notably in Europe where the policy response may have been less strong, or less effective, or both....
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U.S. should batten down the TARP

The U.S. faces a lengthening series of request from industries and interests seeking shelter under the Troubled Asset Relief Program, most of which it should dismiss out of hand. ...
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