WASHINGTON | “Investors would be well advised to see the outcome of Cyprus both as a reflection of how future stresses will be handled, and a reminder that efforts to shift the liabilities associated with legacy bad bank assets.”
Articles by Pablo Pardo
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WASHINGTON | The key aspect of the sequester will be noticed in some other form–34 percent of the States’ budget comes from the Federal Government. Now, those transfers are going to be cut because of the sequester.
WASHINGTON | The problem wasn’t just the forced flexibility implied in the S&P models to rate AAA what should had never been awarded top quality grades. The supervisory models themselves were incorrect, to start with.
WASHINGTON | Fear of spending cuts and fiscal cliff has made the U.S. defense officials cut spending even before they were forced to do so. A good example of commendable public spirit, even if a bit exaggerated.
WASHINGTON | Why certain numbers are linked to certain goals? Is it a healthy trend to understand the current crisis? Economist Robert Shiller wondered in an interview with The Corner about debt bubbles, bank bailouts and the disturbing lack of lobbying for ordinary people.
WASHINGTON. “If there’s a debt, someone had to lend and someone had to borrow,” said in a conversation with The Corner James Robinson, former White House chief of staff and Harvard professor. Time to review the north-south narrative of the euro zone.
WASHINGTON | A troublesome unknown-unknown: how unaware are US investors of their illiteracy in financial matters? Rumsfeld, Iraq and the capital markets have something very obscure in common, says Pablo Pardo.
WASHINGTON | “Show me the factories, then!” Before the audience at the School for International Relations of the John Hopkins University, Adair Turner, or Lord…
WASHINGTON | “Capitalism without failure is like religion without sin, it does not work,” had already said Allan Meltzer in 1969. Pittsburgh's Carnegie-Mellon University teacher and…
Universities in the US have acknowledged that they distort the employment figures of their graduates. Now, some newly graduated lawyers have begun litigation against them…