Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Category
Political Economy
The creeping power grab by the executive branch and Federal Reserve
The power grab at the Federal Reserve is a topic I first broached back in February when the Federal Reserve was creating its alphabet soup of liquidity programs to pull us back from the brink of financial disaster. I was troubled about Fed…
Rosner: Financial Stability Act “single worst not-yet passed piece of legislation”
Josh Rosner, a Managing Director at Graham Fisher & Company, an independent research for institutional investors in financial service assets, has some pretty strong words for the reform legislation proposed by the Obama Administration…
Robert Johnson’s testimony expunged from Congressional records
Robert Johnson, director of the Economic Policy Initiative of the Roosevelt Institute, has been extremely critical of the US Government’s handling of matters related to financial services. This past October 7, he gave testimony at the…
Spain: “we need to go back to 2000 wages and prices and start again”
When it comes to the housing meltdowns in the richest economies, the US has been matched only by Spain, Ireland and the UK. All four countries have seen spectacular losses of wealth in the housing sector over the last two years. The…
Geithner testifies before Congress on financial reform
I am listening to Treasury Secretary Tim Geithner answer questions before the House Financial Services Committee and he seems to be talking the talk, but his Administration is not walking the walk. The bill he is aggressively…
China launches retaliatory investigation into U.S auto subsidies
China has sent yet another public signal that it is unhappy with the U.S. and its trade policy by prepping an investigation into alleged illegal auto subsidies by the U.S. government. The timing of this announcement puts a spotlight…
On so-called bureaucrats in Washington and the morality of capitalism
Every time I hear the word ‘bureaucrat’ used to make a point for or against government’s role in the economy, I cringe. I see this label as unfair and dehumanizing. I grew up in Washington , D.C. where my parents and their friends rose…
Bill Gross: “almost all assets appear to be overvalued on a long-term basis”
Bill Gross has a must-read piece out for his monthly Investment Outlook called “Midnight Candles.” He begins the piece with allusions to his advancing years (Gross is now 65) and the mortality he feels because of it – pretty sobering stuff.…
How many medical bankruptcies were there in Switzerland last year?
The number is zero. According to a recent Harvard study, two of every three bankruptcies in the US are medical-related. That’s why at least catastrophic coverage for everyone is the real purpose of healthcare reform. Why some…
Plosser: The Fed must stop qualitative easing
In January, Ben Bernanke gave a very important speech at the London School of Economics where he laid out the Federal Reserve’s strategy in fighting the forces of deflation and market illiquidity (see post with videos here). His was a…