2010

Bill Gross is out with his latest monthly investment outlook. He is taking on the issue of sovereign debt. This is an issue that has moved center stage, especially in the wake of the surprise Thanksgiving debt moratorium announcement in…

As I indicated in my post Grading Obama’s economic policy after one year, I see the President as a triangulating center-left politician of the Bill Clinton variety. The reason we have seen public policy which has been favorable to big…

If you want to get abstract, try this pic:   See also 1995: Cantona banned over attack on fan – On This Day – BBC News Wow, it’s hard to believe that was 15 years ago. When the seagulls follow the trawler,…

Jim Chanos was on CNBC talking about, amongst other things, China.  And while he is bearish on China, the quote that jumped out at me was the one in the title. He is bearish on China because of an unprecedented credit-induced bubble…

This comes from Ryan Chittum of the Columbia Journalism Review: Whatever Tim Geithner’s New York Fed was trying to hide in the AIG backdoor bailout was so volatile it was deemed worthy of national-security-like classification, and the…

FT.com – Investors flock to Greek bond issue The Phantom Policy Conflict – Paul Krugman Blog – NYTimes.com The Salt Lake Tribune Money Matters – 9 banks teetering after bad land bets Is The “Volcker Rule” More Than A Marketing…

Exactly three months ago, I told you to expect bankruptcy in the record Stuyvesant Town real estate deal. Today, this is exactly what we got: A group led by Tishman Speyer Properties has decided to give up the sprawling Peter Cooper…

Hat tip Prieur du Plessis Source 20 Jan 2010 editorial cartoon - Nick Anderson, Comics.com

I love this quote from Thaler on how, when and why the economics profession will change: Thaler: What is the old line—that science progresses funeral by funeral? Nobody changes their mind. What will happen is that the economists are…

I wrote this in April 2009 about the Federal Reserve’s machinations: You should note that only the fiscal stimulus required legislative approval. All of the other ’stimulus’ has been done without Congressional approval and largely…