Michael Panzner

Michael Panzner – makroekonomista. Jest wykładowcą w New York University. Należy do kadry naukowej New York Institute of Finance. Od 25 lat związany z globalnymi rynkami finansowymi. Pracował w Nowym Jorku i Londynie dla HSBC, Soros Funds, ABN Amro, Dresdner Bank i JPMorgan Chase. Ostatnio opublikował: Financial Armageddon, How Giants Fall.
Opinie autora blogu nie powinny być utożsamiane z oficjalnym stanowiskiem NBP w omawianych kwestiach.


Artykuły

My Bet on Bernanke

Michael Panzner / 27-01-2010
Since everyone else is throwing in their two cents about 1) whether Ben Bernanke should be reappointed to a second term as Federal Reserve chairman; 2) what moves the FOMC will (or should) make next; and, 3) the policymaking and regulatory role the Fed will (or should) play in future, I figured I might as well [...]

When recession is over

Michael Panzner / 19-01-2010
Several of the quotes featured in “‘I’ll Know the Recession Is Over When …,’” which appears in this month’s AARP Bulletin, are somewhat tongue-in-cheek. Nonetheless, they serve to highlight two things: the fact that the current downturn has affected a broad cross-section of Americans in many different ways; and, the shortcomings of the statistics that the so-called [...]

It’s a real risk. It’s not containable

Michael Panzner / 12-01-2010

2010 not frighteningly bone-jarring as 2008

Michael Panzner / 01-01-2009
Many commentators are upbeat about prospects for the coming year. Among other reasons, they believe that severe recessions are invariably followed by sharp rebounds, even though history suggests financial crisis-inspired downturns tend to be protracted affairs. They are confident that various government-sponsored bailouts and stimulus programs have kick-started a sustainable recovery, even though many of the [...]

Cause for Alarm

Michael Panzner / 20-12-2009
The Keynesian Kool-Aid drinkers keep insisting that big deficits and rapidly growing piles of public debt don’t really matter as long as there is “slack” in the economy. But they live in a fantasy world where ill-conceived policies are not subject to vetting by market and other forces. As the Greeks (among others) are now [...]

Distant But Real

Michael Panzner / 17-12-2009
While policymakers, pundits, and economists such as Paul Krugman are apparently relaxed about our nation’s fast growing debt load, more and more people are beginning to have their doubts, including government officials from one of our closest allies. In a report published by The Age, “Joyce’s Armageddon Warning,” the Shadow Finance Minister for Australia’s main opposition party, Liberal Party, [...]

Seeing Through the Fog of Funny Money Policymaking

Michael Panzner / 11-12-2009
  OK, let’s go through this one more time. Despite what we keep hearing from the politicians and moneymen, things are not getting better. Yes, we have seen the economic equivalent of a dead cat bounce — how could we not, given the trillions that have been thrown at the system — but it is simply [...]

An Altogether Different Picture

Michael Panzner / 08-12-2009
In honor of all those highly-paid Wall Street “strategists,” economists, money managers, TV pundits, and policymakers who don’t just say the U.S. downturn is over, but who also claim that a powerful recovery is now underway, I bring you five vignettes that paint an altogether different picture of today’s economy reality: “The View From Your Recession” (The [...]

Round-Up of Holiday Spending Surveys, Reports

Michael Panzner / 25-11-2009
If the following round-up of holiday spending surveys and news reports (with salient quotes) is anything to go by, those who have been counting on a V-shaped recovery in the (consumer-dependent) U.S. economy might want to reconsider:

Heeding the Populist Call

Michael Panzner / 24-11-2009
  It’s clear that hostility towards Wall Street is increasing. Considering the well documented role that banks and brokers played in creating the mess we are in and the ways in which they manipulated the post-crisis clean-up to their advantage, the only real surprise is that it’s taken so long. One reason, of course, is money. The [...]


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