Karl Whelan

When Nassim Taleb Attacks

kwhelan — Wed, 24 Apr 2013 16:02:43 +0000

A report on my bizarre Twitter mauling at the hands of none other than Nassim Nicholas Taleb.

Has Cyprus Already Left the Euro?

kwhelan — Thu, 28 Mar 2013 16:15:36 +0000

In the presentation I gave last month on potential euro breakup scenarios, I flagged the introduction of capital controls in a euro-area member as an important step along the road to a potential breakup. Well, they are here in full today in Cyprus. Thoughts here.

Cyprus: Europe Rolls the Dice on its Banks

kwhelan — Wed, 27 Mar 2013 12:52:07 +0000

My reaction to the final agreement on Cyprus including a link to an op-ed I wrote for the Irish Times.

Vermont Exit from the Dollar Would Have Little Impact

kwhelan — Fri, 22 Mar 2013 17:49:23 +0000

From the New York Times’s special “Missing the Point” unit comes “For Euro Zone, a Cyprus Exit Would Have Little Impact”. My response (in the form of an Onion-style story).

Whatever It Takes? Cyprus and the Euro on the Brink

kwhelan — Fri, 22 Mar 2013 13:44:59 +0000

My latest thoughts: Is Draghi really going to save the euro after this week’s events.

Revised TARGET2 Paper & Implications for ECB of Cyprus Exit

kwhelan — Thu, 21 Mar 2013 21:44:48 +0000

I’ve updated my TARGET2 paper. Here is a post with a link to the new paper and a discussion relating to a potential exit of Cyprus from the euro.

Cyprus Deposit Levy: No Panic Yet But Scary Long-Term Consequences

kwhelan — Mon, 18 Mar 2013 19:27:04 +0000

Despite the absence of any panic today at European banks or in financial markets, I believe this weekend’s decision on Cyprus may cause serious trouble in the coming weeks and months. Comments here.

Cyprus Depositor Tax: Genius Plan or the End of the Euro?

kwhelan — Sat, 16 Mar 2013 12:07:08 +0000

A quick reaction to the Cyprus deposit levy here.

Krugman versus Wapo: Why Slow U.S. Growth Could be the New Normal

kwhelan — Tue, 05 Mar 2013 12:49:09 +0000

Paul Krugman doesn’t like this Washington Post piece on how slow growth could be the new normal for the US. He’s right that it’s a pretty bad piece but there are strong arguments for a slow pace of growth over the next few years for the U.S. economy. Thoughts here.

Is the Fed Going to Go Bust?

kwhelan — Thu, 28 Feb 2013 13:59:17 +0000

Some comments on a recent paper by Robert E. Hall and Ricardo Reis (Maintaining Central-Bank Solvency under New-Style Central Banking).