Money Supply Growth? Its Much Worse Than That!
Earlier this week, my pal Larry Kudlow showed a chart of M1. His purpose was to demonstrate that the growth of the money supply was...
Coming Soon: Commercial Real Estate Crash
Run-don’t-walk to read Jesse Eisinger’s article, Wall Street’s Next Crisis: "In their own way, however,...
Let the litigation begin!
Thus, It Begins: I believe Barclays is now the first big plaintiff against the major Wall Street brokerage houses. The United Kingdom...
Authors@Google: Paul Krugman
Part of an interesting series at Google: Paul Krugman. If you don’t know who he is, Krugman writes a twice-weekly column for the...
Read it here first: Incentives Distorting Home Prices
Since the Housing market peaked in August 2005, we have argued that reported home sale prices dramatically understate the actual price...
Fed to Curb Risky Lending (7 years too late)
The Fed slams the barn door shut: "The Federal Reserve, acknowledging that home mortgage lenders aggressively sold deceptive loans...
NYT: Blaming the Fed for the Sub-Prime Mortgage Crisis
> “Hindsight is always 20-20, but it’s clear the Fed should have acted earlier. Financial innovation is great, but you have to...
FREDDIE MAC: Spending as if they had a good year
One of the more interesting things about the inter-tubes is that a great many things manage to find their way to the public than in the...
Reccession Odds: Greenspan 50%, Merrill 100%
In an interview this morning with NPR, former Fed Chairman Alan Greenspan said that the odds of a recession are "clearly...