flux

Esto parece el 2001 argentino: cada día hay una medida nueva. Una de las novedades de esta crisis, entre otras muchas, es la influencia del bloguismo. Ahora celebra Krugman, porque sugiere que gracias a su palabra y la de otros lograron colar en el Plan Paulson la posibilidad de inyección de capital a los bancos, que aparentemente se va a usar dentro de poco. Mankiw, por su parte, explica cómo recapitalizar al sistema financiero. Me gusta esta parte:

Perhaps regulators can twist the arms of the financial institutions. Call it the Tony Soprano approach. “Nice bank you have here. I wouldn’t want anything bad to happen to it.”

(Ex-post) Pero de lo mejor que leí sobre la crisis está en esta visión optimista:

In the 1930s, nobody in the private sector could borrow, raise equity or sell insurance because everyone lost trust in everyone else. Uncle Sam stood on the sidelines and marveled at the chaos. But today Uncle Sam is saying, "Listen, if you households and firms are too scared to invest in each other or sell each other insurance, give us your money, and we'll do it for you. We'll pay you a sure return on the Treasuries and, if our investments and insurance sales do well, you'll benefit by paying lower taxes."

Claro que las inversiones de uno de los autores del párrafo anterior no hablan bien de su capacidad de pronóstico:

I believe the U.S. will weather this crisis. I'm invested broadly in the U.S. and Canadian stock markets as well as in some commodity stocks. I have purchased some financial company stock of late as well. So far, that was a mistake.