Banks & Deflationary Recessions (TV version)
I’ve been meaning to write something about banks and how deflationary recessions are especially dangerous to them. Points I touched on here.
As part of the day job I get to go and pontificate on CNBC occasionally about the economy and markets. I’ve not been vain enough to link to any these before, but I did some pontificating today (with Tim Congdon, who disagrees with me) about the issues that I wanted to blog about, so here it is.