The Big Picture

Gretchen Morgenson of the NYT does a nice job today explaining how the hedged and leveraged mortgage-backed securities market impacts...

Quote of the Day “The salient example is the greatest victory ever won in an initiative campaign: The famous Proposition 13 tax...

Susan Page wrote a fascinating piece in USA Today last week. It seemed to have gotten lost in all the blackout coverage. That’s too...

Quote of the Day: “The laws of physics have met the laws of economics. And the result has been a morass that has prevented the...

I love catching a meme before the Major Media does. Sometimes I’ll read an interesting analysis on someone else’s blog (or...

On Thursday, I suggested that Warren would step up to the plate and make the tough call: Buffet’s unbelievably success has been about...

WSJ: Schwarzenegger Enlists Buffett To Supply Financial Muscle Whether the pun was intended or not (Ah-nold being a bit muscular himself)...

Towards the end of April, we raised the idea of “Economic Mulligan;” The War in Iraq gave the economy a “do over,” rationalizing...

I’ve been trying to decide how to separate the two typepad blogs: The Big Picture — where you are now — has developed...

Quote of the day “In the U.S., money supply is advancing by 8%, based on year-over-year comparisons of so-called M2 as of June....