Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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January 5, 2023
United States
Two Years After January 6, Some Reasons for Optimism
In the twenty-four months since rioters breached the U.S. Capitol, the capacity of the American system to overcome even the gravest challenges has quietly been on display.
December 29, 2006
Financial Markets
I guess I am not the only one who sometimes calls CPDOs C3POs
Or for that matter, sometimes says C3DOs rather than either C3PO or CPDOs. I used to think that no one loved acronyms more than the US government, but then the structured finance boom came along. I…
November 6, 2006
Financial Markets
Lower vol = more imprudent bets?
That, in effect, is what some at the Bank of England think. Mark Gilbert channels John Gieve. ``After a short pause in May and June, we have seen the return of aggressive risk-taking in financ…
August 13, 2012
Trade
Morning Brief: Why Do U.S. Treasury Rates Remain Low?
Despite the looming fiscal cliff, and mounting debt, the United States continues to enjoy low borrowing costs, perhaps because the rest of the world has great troubles (WSJ). Economist Kenneth Rogoff…
April 21, 2008
Financial Markets
Not all that sophisticated
Back in 2005, Ragu Rajan warned that the banks were taking on the hard-to-sell leftovers from the securitization process. As a result, he argued that the banks were becoming less liquid – and that t…