The year is winding down, people are getting ready for the holidays, and I am working on my last few columns of the year for Bloomberg view. Since my first column on Nov. 4, you have been very welcoming and encouraging and stimulating. I am thrilled with this platform and its readers; Teaser: I have some pretty wicked things planned for 2014.
In the meanwhile, I have a few random thoughts that I like to share every now and again. These are 10 things that have me wondering, thinking and, generally, curious about.
1. The other day, I heard someone describe incoming Federal Reserve chairman Janet Yellen as “Bernanke 2.0.” But that’s really missing the bigger picture, isn’t it? If that truly your view, wouldn’t it be far more accurate to call her “Greenspan 3.0?”
2. SAC: I am astonished to hear people say that the prosecution of Steve Cohen’s SAC Capital described as a witch hunt. The nicest thing I can say about SAC is that its supervision is a gnarled mess of poor oversight and failure. Add to it the incredible pressures applied to its traders, and voilà! — you get lots of insider trading. How much? Prosecutors have won 77 of 87 cases they have brought against SAC. Witch hunt? Some folks just care for the rule of law, I guess.