Other economists were quick to take issue with a report last week by Edward Yardeni of C.J. Lawrence/Deutsche Bank Securities Corp. that blamed U.S. banks for a global capital crisis.

With the banks still smarting from Third World debt problems from the 1980s, Mr. Yardeni in his weekly economic analysis took them to task for their reluctance to lend overseas.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.