Marginal Economist

Here you’ll find a variety of published articles, blog posts and general thoughts (mostly about Economics).

Latest from the Blog

Deja vu, all over again?

It’s decision time today, and the Fed is between a rock and a hard place. Raise rates, cause more mark-to-market losses, and intensify the banking problems. Halt the rate increases and lose the fight against inflation. What should it do?

Who dunnit, update

March 19, 2023 Yesterday’s post argued that the Fed must have known about SVB’s problems — and yet didn’t force the bank to de-risk. Today the New York Times finally focused on this issue. The key points of the NYT article can be summarised briefly: Then comes the absolutely critical point. The Fed has mounted…

Who dunnit?

Who killed Silicon Valley Bank? It’s “frenemies” who rushed to take all their money out, even as they told the world how much they loved the bank? Its own management? The Congressmen who lifted regulations meant to keep the bank safe? In fact, there were other deep forces at work. Very deep forces..

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