Sat 2010-05-22 21:16 EDT

CFEPS Research - L. Randall Wray

L. Randall Wray is a Professor of Economics at the University of Missouri-Kansas City, a Senior Research Associate at the Center for Full Employment and Price Stability [CFEPS]...A student of Hyman P. Minsky while at Washington University in St. Louis where he earned his Ph.D. in economics (1988)...Professor Wray has focused on monetary theory and policy, macroeconomics, and employment policy. He is currently writing on modern money, the monetary theory of production, social security, and rising incarceration rates (Penal Keynesianism). He is developing policies to promote true full employment, focusing on Hyman P. Minsky's "employer of last resort" proposal as a way to bring low-skilled, prime-age males back into the labor force. Wray"s research has appeared in numerous books and journals...

CFEPS Research; L. Randall Wray.

The Baseline Scenario Thu 2009-10-08 16:52 EDT

The Problem with Securitization

James Kwak

The New York Times has a story on ``Paralysis in the Debt Markets'' which says, basically, that credit has dried up because of lack of demand for asset-backed securities. In English, that means that since no one wants to invest in securities that are made out of home mortgages, the people who originate mortgages have no place to sell the mortgages to, so they don't have any money to lend. And this is also true of commercial real estate, student loans, and so on. For example, ``A once-thriving private market in securities backed by home mortgages has collapsed, from $744 billion in 2005, at the peak of the housing boom, to $8 billion during the first half of this year.''...the private market may never recover. The boom in securitization was based on investors' willingness to believe what investment banks and credit rating agencies said about these securities.

Baseline Scenario; problem; securitizations.

Thu 2008-05-08 00:00 EDT

Mish's Global Economic Trend Analysis: Bernanke Answers S.O.S. Call

student loan bailout

Bernanke Answers S.O.S. Call; Mish's Global Economic Trend Analysis.

Sun 2007-09-09 00:00 EDT

Welcome to Fleece U

by Barbara Ehrenreich; college student debt; "your real purpose here is to shake off the pointless freedom of youth and assume the burden of debt"

Fleece U; welcome.

Fri 2007-09-07 00:00 EDT

Majoring in Credit-Card Debt

by Jessica Silver-Greenberg, BusinessWeek (1/4); college student credit card debt

credit card debt; major.

Fri 2007-09-07 00:00 EDT

Confessions of a Credit-Card Pusher

by Jessica Silver-Greenberg, BusinessWeek (2/4); college student credit card debt

confessed; Credit-Card Pusher.

Fri 2007-09-07 00:00 EDT

The Dirty Secret of Campus Credit Cards

by Jessica Silver-Greenberg, BusinessWeek (3/4); college student credit card debt

campus credit card; dirty secret.

Fri 2007-09-07 00:00 EDT

Fixing the College Credit-Card Mess

by Jessica Silver-Greenberg, BusinessWeek (4/4); college student credit card debt

College Credit-Card Mess; Fix.

Fri 2007-09-07 00:00 EDT

Credit-Card Survival Guide

by Jessica Silver-Greenberg, BusinessWeek; college student credit card debt

Credit-Card Survival Guide.

Fri 2007-09-07 00:00 EDT

Credit Cards 101: Finding the Right Plastic

by Lauren Young, BusinessWeek; college student credit card debt

Credit Cards 101; find; Right Plastic.