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THIS BLOG HAS BEEN SLUGGISH…
… to say the least. And the reason wasn’t laziness, it was just simply the success of the French version of it which has taken all my energy, plus that of François when he joined me, plus that of Julien, when he joined the team.
But this blog is about to be revived…
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THIS METHOD IS INADEQUATE
They were sixteen in the euro zone. With a little help from the International Monetary Fund, they put their strength together to help Greece out. There they were: fifteen blind supporting one lame.
They were fifteen countries still standing in the euro zone. With a little help from the International Monetary Fund, the UK and…
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And then Paul Jorion created a Theory of Prices
Original Post : And then Paul Jorion created a Theory of Prices.
It’s the ‘rentrée…
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Kerviel’s trial in France: the question no one is asking…
An English translation of Kerviel: la question que personne ne pose posted on my French blog on June 21st. Many thanks to E-blogs for the translation.
What have we learnt so far from Jérôme Kerviel’s trial about the big questions? Do his superiors know more they pretend about the transactions he was…
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Le Monde – Économie, Monday 8 – Tuesday 9 March 2010
Here an English translation of La machine infernale, my monthly column for March in Le Monde – Économie.
A DEVILISH DEVICE
Only five years ago, we were led to believe that the advertised model of the economic and financial apparatus represented a system that was finally mature: stable because thoroughly predisposed to self-regulate…
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Capitalism (I) – The Veins of the Future
An English translation of Le capitalisme (I) – Les nervures de l’avenir posted on my French blog on March 2nd.
In Reason in History (1837), a posthumous work composed from lecture notes, Hegel observes that “ … what experience and history teach is that peoples and governments have never yet learned from history, let…
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The House is on Fire!
An English translation of Feu en la demeure !, posted on my French blog on February 25.
Ladies and gentlemen of the European regulatory authorities, I am today turning to you: the house is on fire!
Demands that Greece lowers its civil servants’ wages will not save her. Your prodding Greece to tackle tax…
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France 24, « Le Débat / The Debate », Wednesday February 3d, from 7:10 PM to 7:50 PM
We will ponder: “Might the financial crisis be followed by national crises?”
Alessandro Giraudo – Chief Economist, Tradition Viel (in the studio like myself)
Ondine Smulders – The Economist (calling in from Athens)
A (to be determined) Reuters Breakingviews’ journalist (calling in from London)Podcasts :
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Polar Bear Solidarity
Conceptual artist Little Shiva who helped me design Santa Crisis last year informs me she went to Copenhaguen in her capacity of a polar bear.
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Update on where we stand
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August 4th, 1789
Cityislander’s imaginative translation of “La nuit du 4 août” at the French end of this blog. Many thanks to him!
Exactly 220 years ago (the French Revolution), on the night of August 4th, 1789, the question certainly was not about systemic risk. Yet, on that very night, an event of systemic magnitude occurred:…
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Why we need to find something else
A reader of my French blog has taken the trouble of translating my most recent Friday video in English. Many thanks to him!
NEWS is conveyed by letter, word or mouth
and comes to us from North, East, West and South” (Witt’s Recreations). . . but mostly from the Paul Jorion blog…
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Santa Crisis
A blog gives you visibility, allowing people from all over with views akin to yours getting in touch. That’s what happened a couple of months ago with conceptual artist, Little Shiva asking: “What about a common project?” I told her of a possible allegory for the crisis, a symbol that you could copy here…
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What went wrong. An anthropologist’s point of view.
Here is the communication I made on March 3rd to the Socialist members of the European Parliament in Brussels as my contribution to the one-day conference entitled “Closing the casino: building a fairer and stronger real economy”
Modern societies of European origin were historically built according to a tripartite structure composed of warriors-raiders, priests…
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The danger of half-truths in a time of crisis
Published in Le Monde – Economie, March 2nd 2009 (transl. Danielle Goodman)
Let’s assume that governments are actively concerned with the interests of the populace at this very moment – an ardent hope of mine. To succeed, their actions have to benefit from a certain surprise effect so as not to be thwarted in advance…
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Time for a good laugh: patents on tax evasion
Did you know that on February 17, 2007, Sen. Carl Levin, D-Mich., Sen. Norm Coleman, R-Minn., and Sen. Barack Obama, D-Ill., introduced comprehensive legislation to stop offshore tax haven and tax shelter abuses, the Stop Tax Haven Abuse Act, targeting $100 billion in lost tax revenue each year from offshore tax dodges ?
One of…
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Report and Recommendations Pursuant to Section 133 of the Emergency Economic Stabilization Act of 2008: Study on Mark-To-Market Accounting
The SEC (Securities & Exchange Commission) along with the OCC (Office of the Comptroller of the Currency) have just released their report on the valuation of financial products (Fair Value).
The subject is what I discussed in « Juste prix » et « juste valeur » and in L’implosion. La finance…
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The Madoff Affair : Crime and Punishment
Original French version at rue89.com.
Does the name “Donald Crowhurst” ring a bell? He was one of the contenders in the Golden Globe Race a non-stop, single-handed, round-the-world yacht race held in 1968–1969. While he was ahead and therefore a potential victor, his radio signals stopped abruptly. His craft was later located but it…
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Le Monde, October 12th
Here an account of my column in Le Monde on the concept of a new Bretton Woods.
Bretton Woods 2.0 – Paul Jorion on The Financial Crisis
Paul Jorion wrote a column in Le Monde a few days ago concerning the prospects of a new Bretton Woods (never mind that the original died…
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Friday Market Monitor (AM 580 CFRA), on October 17 at 2 PM (EST)
I was Walter Traversy’s guest on CFRA a news only radio station in Toronto, between 2 and 2:30 PM.
The podcast is here. I’m talking in the second part of the program … just after the weather report. But hear Walter introduce me in the nicest way at the very beginning.
I’m…
