Volcker

The FDR moment occurred in 1933 when FDR took the reigns of monetary policy from an ineffective Fed and sparked a robust recovery in aggregate demand. The Fed had allowed aggregate demand to collapse for three years when FDR responded. He…

UPDATE: 19 MAR 2010: Given the debate on China and its currency peg, I thought this post from November 2008 would be relevant. It called for a new world order centered around a new monetary system. This idea has gained some currency as it…

Paul Volcker is testifying before the Senate Banking Committee today on financial regulatory reform. Recently, the Obama introduced reform proposals inspired by Volcker and now being dubbed The Volcker Rule. The Wall Street Journal has…

That’s the gist of yesterday’s post by James Pethoukoukis.  The column says: A historic victory, really. It is hard to overstate just how “blue” a state Massachusetts is. Obama won it by 26 percentage points in 2008. Until now…

Today President Obama is set to propose wide-ranging moves on bank regulation first proposed by his economic advisor Paul Volcker, the former Federal Reserve Chairman. Details of the proposal have yet to be released. However, the focus is…

I don’t know quite what to make of the Paul Volcker interview published late last week in Business Week.  In case you missed it, Business Week published a frank interview of former Federal Reserve Board chairman Paul Volcker with media…

As we head into the New Year, I am trying to look back at the last one with some semblance of a coherent interpretation of events that leads to a strategic vision of the future.  I have already touched on stimulus, kleptocracy and…

Steven Pearlstein - Out from under TARP, banks are now free to fail again - washingtonpost.com France Matches U.K. With 50 Percent Bonus Tax - DealBook Blog - NYTimes.com FT.com - End bankruptcy priority for derivatives, repos…

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Below is the latest from John Mauldin via his weekly newsletter. John expects a double dip recession as I do. Here he talks about what I call structurally high private sector unemployment i.e. unemployment in the private sector that cannot…