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Asher Edelman
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Asher Edelman began his career on Wall Street in 1961. In 1969, he formed Mack, Bushnell and Edelman where he was CEO. Edelman’s Wall Street businesses included Investment Banking, Money Management, and Derivatives Trading. In 1988, he moved to Switzerland and founded a contemporary art museum in Pully, near Lausanne. The FAE Musée d'Art Contemporain launched the first European retrospective exhibitions of Robert Mapplethorpe, Jean-Michel Basquiat, Roy Lichtenstein, and Peter Halley. After having relocated back to the USA, he created the company Edelman Arts Inc. in 2002, an art dealer in Impressionism through Post War art, which also represents contemporary artists including Christopher Winter, Cathy McClure, and Yasmine Chatila. Recently, Edelman founded ArtAssure LLC, an art finance company, which places art at auction, lends, purchases and guarantees the price of art at auction. The company commenced business in 2010 and Edelman acts as president.

Entries by Asher Edelman

Redemption

(0) Comments | Posted October 16, 2013 | 5:08 PM

Sin and Redemption, often the cry of the religious right politicians, a possibility for the Federal Reserve Bank to restore its reputation.

Through Quantitative Easing over the last five years the Fed has managed to increase its balance sheet by $4 trillion, donate in excess of $600 billion of taxpayer...

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Debt Ceiling & Budget Deficit Debate -- The Secret Root of the 'Problems'

(2) Comments | Posted October 7, 2013 | 5:18 PM

Is it a surprise that during the last five years Federal Reserve Bank actually has accounted for about 25 percent of the Federal Budget Deficit and a 5 trillion dollar increase in the U.S. National Debt?

Yes, if we were to reverse the extraordinary five year asset purchase scheme of...

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What's Next? Default? Social Unrest?

(1) Comments | Posted October 4, 2013 | 7:11 PM

Now that the House of Representatives and certain Republican-led states are presiding over the illnesses and deaths of the children of the disenfranchised, what is next?

Next on the right wing agenda is not a default. The full faith and credit of the United States of...

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Crazy! Cuckoo! Strategic?

(4) Comments | Posted October 1, 2013 | 6:45 PM

Could it be that the House Republicans have been coached in a plan to close down as much of the U.S. Government as possible for as long a period as possible?

Why?

Well, the Libertarian, now Tea Party, has ALWAYS rested on a platform of less government. We now have...

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Debt Ceiling (Foolishness in Action)

(12) Comments | Posted September 27, 2013 | 1:22 PM

The president, the Fed and the Treasury must not allow political strife to destroy the financial future of the nation and, perhaps, the world.


A Show Stopper


The Federal Reserve Bank as a result of the QE programs, has accumulated holdings of U.S. debt...

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A Basis for Agreement (Ending the Qs)

(3) Comments | Posted September 24, 2013 | 1:45 PM

It has been eight months since I last set foot in the socio-economic world. So much of what we explored came to fruition the writing was becoming repetitive. Today there is much chatter about the role of the Fed, its QE program, and Fannie Mae and Freddie Mac, guarantees of...

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AGHAST -- A Four-Year Review of Musings and Musings on the Present

(0) Comments | Posted April 19, 2012 | 4:32 PM

April 8, 2008

I said the financial system would need at least 100 times the $30 billion advertised by the Fed as the ultimate need to save the system. I was wrong. Three trillion dollars was not sufficient to save the banks; it took somewhere between...

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Mary Abbott: A Wake Up Call

(0) Comments | Posted April 2, 2012 | 11:24 AM

Unwrapping the paintings for our "Abstraction" exhibition, I had a shock -- or at least a wonderful surprise. I called to my associates and said, "Wow, who of you managed to get this de Kooning 'Landscape' painting?" The answer: "We have no de Kooning 'Landscape' painting for the show....

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Greece: Voluntary or Involuntary - Default Is a Given

(4) Comments | Posted January 20, 2012 | 11:49 AM

In April of 2010 I wrote my first note about Greece in which I suggested that €30 billion would not solve or even impact the Greek problems. In that same letter I suggested three possible courses Europe, the IMF and the rest of the world might take, the third being...

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Optimistic

(0) Comments | Posted October 24, 2011 | 6:40 PM

I am optimistic for the economic and social outlook for the United States! During the next four or five years we will, once again, shift into gear. "Occupy Wall Street" will come to be thought of as "Save the Nation(s)."

The present administration is moving, and will move quickly, away...

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Dexia (ONE BANK) $238.9 billion

(0) Comments | Posted October 11, 2011 | 5:11 PM

Dexia (described as in a state of "gripping liquidity strains"; otherwise "insolvent" might be the appropriate adjective), has a plan to sell to the French and Belgian taxpayers $238.9 billion of bad assets "that can't be sold under current market conditions." It is said that during the last 15 years...

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Another Systemic Dislocation:The International Banking System Again on the Brink

(0) Comments | Posted September 27, 2011 | 11:34 AM

The Banking System has suffered a collapse (then revived by the American taxpayer). It is, once again, on the cusp of collapse.

With the help of the taxpayer the International Banking community survived the mortgage and mortgage derivatives crisis. It survived the steep decline in equities. A huge effort is...

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The Three Graces

(0) Comments | Posted May 18, 2011 | 7:33 PM

Another two-week marathon has passed. What did we see? What can we conclude as to the market for art?

Christie's
In extraordinary fine fettle as to the quality, value, presentation and sell-through of both Impressionist/Modern and Contemporary works, probably the best all-in auctions by either of...

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Art Market Flash

(0) Comments | Posted May 5, 2011 | 6:00 PM

With hard asset commodities (silver, et al), declining and the previous two nights' auctions (in which there were few works of note), performing without sparkle, I am beginning to reflect on May of 2008. It was the last good auction for a while. Shortly thereafter the economic crisis became evident...

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Silver and Derivatives Dislocation

(3) Comments | Posted May 3, 2011 | 9:12 PM

In the past couple of days I have received a number of calls about currency weakness and commodities volatility -- especially that of silver.

The aggressive policies pursued by the American government and other debtor nations to debase their currencies have awakened speculation in "hard assets" such as silver, gold,...

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Treasury claims profit over banks bailout - I beg to differ

(1) Comments | Posted March 31, 2011 | 5:30 PM

I read with interest this morning that the administration has declared a profit on its "successful" bailout of the financial institutions. The idea that the banks, et al., are saved is, at best, disingenuous; the "at worst" I'll leave to the imagination.

Most banks too large to...

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The Financial Crisis -- Are We Going Anywhere?

(1) Comments | Posted March 24, 2011 | 1:56 PM

On April 8, 2008, as the banking debacle began to unfold I pointed out that "this is no time to be throwing $30 billion at the (banking) problem and hoping it will staunch the hemorrhaging, because $30 billion will seem minor when the losses add up to, perhaps...

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