Barry Ritholtz has a problem with Paulson.
Friday, July 30, 2010
The Wages of Sin: Former Citi Execs Pay Token Fines
Sarbanes_Oxley has very few teeth. This could have been one of the signature cases of the financial crisis. Instead, clear misstatements go unpunished.
Thursday, July 29, 2010
Wednesday, July 28, 2010
Tuesday, July 27, 2010
Monday, July 26, 2010
We need to learn more about dying
Hospice medical care for dying patients : The New Yorker: "The simple view is that medicine exists to fight death and disease, and that is, of course, its most basic task. Death is the enemy. But the enemy has superior forces. Eventually, it wins. And, in a war that you cannot win, you don’t want a general who fights to the point of total annihilation. You don’t want Custer. You want Robert E. Lee, someone who knew how to fight for territory when he could and how to surrender when he couldn’t, someone who understood that the damage is greatest if all you do is fight to the bitter end."
Sunday, July 25, 2010
Counterfactuals
Should have pushed for Miers.
Saturday, July 24, 2010
Friday, July 23, 2010
Thursday, July 22, 2010
Fed Policy Options
FT Alphaville � El-Erian: What to expect from Bernanke’s report to congress: "the Fed has five broad (and not mutually exclusive) approaches available if it deems—and I suspect it is not ready to do so yet—that additional policy actions are needed: hyper time extend the “exceptionally low for an extended period” interest rate signal; push banks to lend more by cutting the interest it pays on reserves; directly extend loans to certain segments of the non-financial economy; resume asset purchases; and cap interest rates."
Some other views on the options:
Scott Sumner
Krugman
http://www.huffingtonpost.com/joseph-e-gagnon/time-for-a-monetary-boost_b_654944.html
Some other views on the options:
Scott Sumner
Krugman
http://www.huffingtonpost.com/joseph-e-gagnon/time-for-a-monetary-boost_b_654944.html
Wednesday, July 21, 2010
One Laptop per Child?
One thing for sure. Kids get better at computer games.
Tuesday, July 20, 2010
Monday, July 19, 2010
Obama's Fiscal Priorities Are Right
Alan Blinder: Obama's Fiscal Priorities Are Right - WSJ.com: "'a foolish consistency' to be 'the hobgoblin of little minds,'"
Sunday, July 18, 2010
Professor Jamie Galbraith's testimony to Deficit Commission | Angry Bear
On the merits of the deficit commission.
Saturday, July 17, 2010
Friday, July 16, 2010
SEC Settlement with GS
This tarnishes not only Goldman but also Paulson. Paulson made money not only because he got the housing market right but also because he structured deals to maximize profits.
Thursday, July 15, 2010
Trade: Should America fear offshoring?
The problem is not China and exchange levels. It is infrastructure and education. Those two should be the only components of our industrial policy.
Trade: Should America fear offshoring? | The Economist: "It would be absurd to argue that the current system of international capital flows and trade is perfect, or even particularly good. It's far better than it has been in the past, but it is in need of major reform. But cutting off America's market to chase vanishing jobs and to shut-out the world's surplus is a dead end. The right strategy is to hang tough for now, and to set the stage for a more structurally sound economy tomorrow."
Trade: Should America fear offshoring? | The Economist: "It would be absurd to argue that the current system of international capital flows and trade is perfect, or even particularly good. It's far better than it has been in the past, but it is in need of major reform. But cutting off America's market to chase vanishing jobs and to shut-out the world's surplus is a dead end. The right strategy is to hang tough for now, and to set the stage for a more structurally sound economy tomorrow."
Monday, July 12, 2010
The Corporate Cash debate
Is the size of corporate cash holding a statement about final demand or a statement about political views of CEO's? Simple numbers provide fuel for political debate.
And who holds it.
Saturday, July 10, 2010
Friday, July 09, 2010
Liberal Media bias?
What gets you fired these days from mainstream media?
Wednesday, July 07, 2010
The Unknown Unknowns
The Gulf Oil Leak—Posner - The Becker-Posner Blog: "It would be nice to be able to draw up a complete list of disaster possibilities, rank them by expected cost, decide how much we want to spend on preventing each one, and proceed down the list until the total cost of prevention equals the total expected cost averted. But that isn't feasible. Many of the probabilities are unknown. The consequences are unknown. The costs of prevention and remediation are unknown"
It's the Politics Stupid
The only explanation why both Republican and democratic operatives are focusing on austerity measures instead of growing jobs.
Tuesday, July 06, 2010
Bank Hubris Unabated
Regulatory arbitrage explains a large piece of bank profits.
Sunday, July 04, 2010
What to the Slave is the Fourth of July?
What to the Slave is the Fourth of July? - Grasping Reality with Both Hands: "What, to the American slave, is your 4th of July? I answer: a day that reveals to him, more than all other days in the year, the gross injustice and cruelly to which he is the constant victim. To him, your celebration is a sham; your boasted liberty, an unholy license; your national greatness, swelling vanity; your sounds of rejoicing are empty and heartless; your denunciations of tyrants, brass fronted impudence; your shouts of liberty and equality, hollow mockery; your prayers and hymns, your sermons and thanksgivings, with all your religious parade, and solemnity, are, to him, mere bombast, fraud, deception, impiety, and hypocrisy - a thin veil to cover up crimes which would disgrace a nation of savages. There is not a nation on the earth guilty of practices, more shocking and bloody, than are the people of these United States, at this very hour."
Saturday, July 03, 2010
How to Make an American Job
Andy Grove on the declining ability of American companies to create jobs in the U.S.
Foxconn alone has 250,000 employees.
And the counter argument from Bhagwati. And more specifically from Cowen.
Friday, July 02, 2010
Thursday, July 01, 2010
Al Franken
Al Franken gives the Senate a lesson on opening statements.
Subscribe to:
Posts (Atom)