Thomas Piketty: Pinko or Prophet?
The obscure French economist’s call for large-scale wealth redistribution, and challenges to his data, have not stopped his book from topping the bestseller charts.
France’s Latest Downgrade: Cause for Worry or False Alarm?
Standard & Poor’s hit France’s credit rating for a second time, causing investor concern.
Krugman: Obama’s Economic Policy a ‘Horrifying Failure’
The rapidly approaching fifth anniversary of the Lehman Brothers bust is bringing with it reflections of how far we have, or haven't, come.
15 Best Finance Tweets of the Month: May
PIMCO’s Bill Gross, Zero Hedge and others weigh in on Fed Chairman Ben Bernanke’s congressional testimony; Ron Rhoades tells us what he really thinks about FINRA; and more in your May dispatch from the Twittersphere.
Reinhart, Rogoff to Krugman: Stop Scapegoating Us
Carmen Reinhart and Ken Rogoff sent Paul Krugman a letter over the weekend decrying what they called his “spectacularly uncivil behavior.”
Don’t Let Elderly Die Without Paying Their Bills: Kotlikoff
Economist Laurence Kotlikoff, who's advising on upcoming legislation on how to recalculate U.S. debt, says, “Rich older people need to pay more in taxes and consume less.”
Niall Ferguson: 4 Reasons America Is Falling Apart
Niall Ferguson, a conservative Harvard professor equally at home in the sweep of civilization as the history of finance, explained to an audience of investment professionals how it is that much of the world is growing while the U.S. is slowing.
Oops! Reinhart-Rogoff Research Tripped Up by Typo
A simple Excel spreadsheet error punches a hole in a highly cited economic paper by Carmen Reinhart and Kenneth Rogoff that has been used to bolster policies favoring restraint in government spending.
DoubleLine’s Gundlach Crushes Notion of Great Rotation, Bond Bubble
The Fed and the U.S. Treasury clearly don’t want any customers outside of central banks and active traders like himself, DoubleLine CEO Jeffrey Gundlach says.
Houston, We Have a Spending Problem—News Analysis
Across-the-board spending cuts set to begin this week are an opportunity to be embraced, not a horror to be avoided.