Caroline Baum

This quote from Caroline Baum sums things up pretty well about the Fed's complicity in blowing a massive bubble in housing and in stocks before it. I know Bernanke has given this issue a great deal of thought and devoted the Fed’s…

The Financial Times reports that British regulators have now opened up to reveal more of the details surrounding the emergency aid banks received during the most acute periods of stress to date in the financial crisis.  Meanwhile, in…

FT.com - Lloyds raises new capital target as bondholders warm to CoCos (sounds like good investor appetite for Lloyd's) FT.com - Dollar knocked by China renminbi hints (Chinese showing they could revalue just before Obama arrives)…

Columbia University Professor and former Federal Reserve official Frederic Mishkin wrote a much-discussed Op-Ed in the Financial Times yesterday. In it, he asks Are potential asset-price bubbles always dangerous? He answers this…

Homeowners walking away from underwater mortgages - MiamiHerald.com Strategic default on the rise. Economics and Moral Courage - Llewellyn H. Rockwell, Jr. Anecdote contrasting von Mises and Hans Meyer Government Porkfare Is No…

Let’s say I run a company. For the sake of argument, we’ll call it a shoe store in New York City. I am making $100,000 net per year now. But, I look around me and see huge opportunity for growth. So I go to my bank and ask for a loan to…

Yesterday I wrote a healthcare polemic which was mostly designed to discuss the politics of healthcare for the President. The essence of my argument was that Barack Obama has not shown enough willingness to fight for specific policies he…

I have a lot more to add but I have a horrendous Internet connection where I now am. So I will provide more tomorrow. Sorry for the delay in answering emails and comments. “Just because the conventional economists are drinking the…

Posting will be light today as I will try not to be near a computer for most of the day. In the meantime, here are a few stories from around the web. Town Hall Crowd Shoots Health Message: Caroline Baum - Bloomberg.com Interview with…

What I was afraid of - Paul Krugman As I also predicted, Obama's stimulus package is now looking inadequate. Volcker Gets Less Than He Wants in Curbing Wall Street Excesses - Bloomberg The title says everything, doesn't…