Moral Hazard and the Crisis
Volcker: Hedge funds don’t need to be regulated like banks. Keynote address by former Federal Reserve Chairman Paul A. Volcker to a...
FreeRisk: Who Needs Moody’s ?
Two of the more interesting guys at the Wired Conference Jesper Andersen and Toby Segaran, who want to open up Bond ratings as Open...
Green Shoots Everywhere ?
Two interesting articles in today’s NYT touch upon some of our favorite themes: Indebtedness of Consumers, the poor condition of...
AC/DC Recession Special
Numerous music industry agents and lawyers have told me that the recession has really hurt concert sales — In 2007, they could tell...
BRIC vs FUJUG
You know the concept of globalization is not some temporary phenomenon that got great press during the great global boom of 2003-2007...
Appearance: Huntington Book Revue June 19
This Friday (June 19), I am at the Huntington Book Revue, discussing Bailout Nation. Its at 7pm. I won’t do a reading —...
Have stock markets run away from reality?
Have stock markets run away from reality? The predictions of the members of the Barron’s mid-year Roundtable discussion over the...
Good/Surprising/Stunning Housing News
The good news is that Housing Starts and Building Permits each increased for the month of May. And in a statistical shocker, the monthly...
Grassley on Financial Regulation Overhaul
Things have changed: A conservative GOP Senator approvingly discusses the new regulations coming from a Democratic President. The Obama...
economic data
May PPI rose just .2%, .4% less than expected and is down 5% y/o/y. The core unexpectedly fell .1% vs a forecasted gain of .1% and is up...