Volcker and Banks

by on February 14, 2012

We have reached a crucial point in our attempt to bottle up the banks. It looks as if they will win. That means the economy [more…]

Bleak Housing; Brighter Debt

by on January 20, 2012

Today's slightly upbeat report does nothing to mask real estate's rotten 2010. For the record: sales of existing homes rose 5% in December hitting an [more…]

Productivity and Its Place In Our Story

by on August 9, 2011

The stock market is rising strongly today after yesterday's plunge. I won't bother to dignify this extraordinary oscillation with a comment other than to say [more…]

Bankruptcy At The Top

by on July 6, 2011

One of the more difficult aspects of our crisis to digest is the manifest bankruptcy displayed by our various elites. Intellectual and moral bankruptcy that [more…]

Shutdown: Shut What Down?

by on April 8, 2011

One of the more amusing sidelines in the ongoing shutdown saga is just how much the whole thing is grandstanding. The central point being that [more…]

Capitalist Wimps: Ireland Buckles Under

by on November 24, 2010

One of the stark lessons we have learned from the financial crisis here and abroad is that old fashioned capitalists are hard to find. Perhaps [more…]

Irish Crisis: The Lesson Learned?

by on November 22, 2010

The events of the weekend were both predictable and drastic. The Irish government has caved into to the obvious: Ireland cannot continue without a vast [more…]

The Fed And Deflation: Are We There Yet?

by on August 10, 2010

Who knows?

Most likely nothing but issue a statement designed to let us know that they are still vigilant.

The problem is that the Fed [more…]

Meanness, Mediocrity, and Bank Reform

by on June 25, 2010

It takes a particularly virulent form of mean spiritedness for a nation to walk away from its most vulnerable citizens at a time of their [more…]

The GOP Opposes Bank Reform?

by on April 13, 2010

Well sort of.

What they oppose is the currently proposed bank reform bill that Senator Dodd has introduced.

If this seems a lot like health [more…]