Tag Archives: Federal Reserve

A Capitalism for the People

I don’t often do book reviews, but having just finished Luigi Zingales’ book, A Capitalism for the People: Recapturing the Lost Genius of American Prosperity, I think it is worth writing about. For the last four years I have suggested … Continue reading

Posted in Books | Tagged , , , , | 49 Comments

Rational Markets and Corruption

When a religious fundamentalist suffers a “crisis of faith” it is a mournful incident to witness. Such was the occasion when Alan Greenspan, former Chairman of the Federal Reserve appeared before Congress in the wake of the financial crisis of … Continue reading

Posted in Economics, Politics | Tagged , , , , , , , | 23 Comments

Jamie Dimon’s Gift to Obama

The biggest political problem Obama has with both the Progressives and the Libertarians is that he pussied out on the Wall Street Bailout. No one went to jail, unlike the Savings and Loan Crisis of the 1980’s. We paid out … Continue reading

Posted in Barack Obama, Economics | Tagged , , , , , , | 52 Comments

Money, Power and Wall Street

You owe it to yourself to watch the new Frontline two part special, Money, Power and Wall Street.┬áIt is as fine an understanding of where we are and how we got here as anything in our media system today. Part … Continue reading

Posted in Business, Corruption, Journalism | Tagged , , , , , , , | 7 Comments

Financial Musings

I have been known to make occasional predictions about our economy, and this quiet time between Christmas and New Years leads me to venture once again into these waters. In general I feel that the incessant Chicken Little “sky is … Continue reading

Posted in Business, Wall Street | Tagged , , , , , , , , | 16 Comments

The Next America

When you see a fork in the road, take it.-Yogi Berra The events of the past week have clearly brought us to a fork in the road. At any important decision point it’s often useful to do a scenario planning … Continue reading

Posted in Art, Barack Obama, Business, California, Defense Policy, Economics, Education, Innovation, Military Spending, New Federalism, Politics, Recession, Technology, Travel, Wall Street | Tagged , , , , , , | Leave a comment

Uncle Sucker to The Rescue

While the Congress ponders whether to cough up $300 billion to backstop Fannie Mae and Freddie Mac, the Fed has opened the discount window to these two crippled companies. In a separate announcement, the Federal Reserve said it would make … Continue reading

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Wall Street in Pain

Back in February, I warned that this economic slump was like a slow motion car crash. Today, as the Dow fell 358 points, it is dawning on investors that we are in for a long recovery. One of the big … Continue reading

Posted in Barack Obama, Business, Economics, Energy Policy, Innovation, New Federalism, Politics, Recession, Wall Street | Tagged , , , , | Leave a comment

Fed Tightrope Walk

As I write this, the Fed is just signing off on their interest rate move for this month. This has probably been one of the most contentious Fed Meetings in months. As you can see by the chart of Consumer … Continue reading

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Fed Tightrope Walk

As I write this, the Fed is just signing off on their interest rate move for this month. This has probably been one of the most contentious Fed Meetings in months. As you can see by the chart of Consumer … Continue reading

Posted in Business, Economics, Politics, Recession, Wall Street | Tagged , , , | Leave a comment