The Slack Wire

[Cross-posted from the new blog at jwmason.org. Please comment there, and update your bookmarks -- at some point soon I'm going to stop...

Martin Wolf in the FT the other day : The third challenge is over the longer-term sources of demand. I look at this issue in terms of the ...

Regular readers of the blog will know that we have been having a contradiction with Brad DeLong and the rest of the  monetarist  mainstream...

From today's FT: US Junk Debt Yield Hits Historic Low The average yield on US junk-rated debt fell below 5 per cent for the first ti...

In comments , Woj asks, have you done any research on the decline in bank lending for tangible capital/investment? As a matter of fact,...

I don't know if most people realize how much credit card debt fell during and after the Great Recession. It fell by a lot! Credit card ...

One of the most dramatic features of the financial crisis, for those who were following it obsessively in the autumn of 2008, was the near-...

What doesn't it look like? Krugman has a picture : His point here is right, for sure: Business investment is being held back by weak dem...

Here's another one for the file on credit availability and the downturn: How much has tighter financing contributed to the decline in ca...

I've been obsessed for a while with the idea that credit availability is a much smaller factor in the current downturn than is widely be...