Note: Any resemblance of this parody to an article published recently by the New York Times is purely intentional.
It is part religion, part politics. It is a way to voice a lack of confidence in individual freedom, property rights, and free market capitalism. It...
Posted November 15, 2010 | 14:16:27 (EST)
The Fed's announcement that it will buy approximately $600 billion of US Treasury securities or more in the coming months has, for the first time, provoked the ire of conservatives such as Sarah Palin. Monetary policy has not been a political concern for maybe a century, when William Jennings...
Posted August 27, 2010 | 14:55:03 (EST)
In Jackson Hole, Wyoming today Fed Chairman Ben Bernanke said the risk of an "undesirable rise in inflation or of significant further disinflation seems low." Yup, can't argue with that.
If you are operating a bank, and you had lost your depositors' funds by making bad real estate loans, normally...
Posted July 23, 2010 | 13:24:26 (EST)
Dagong International Credit Rating, a new Chinese credit rating agency, purports to adhere to "fundamental principles of truthfulness, timeliness, and consistency." It warns that "over-reliance on financing income and debt roll-over will ultimately lead to a strong reaction of bond market, thus when the borrowing costs and difficulties increase, the...
Posted June 24, 2010 | 12:12:53 (EST)
George Soros has demonstrated to the world that he has one of the brightest financial minds of our era. He articulated a framework that he dubbed "reflexivity," which inconveniently argued that forces in the financial system could periodically become unstable rather than always tending towards equilibrium. His famous winning bets...
Posted February 22, 2010 | 14:01:49 (EST)
Suppose you were travelling out of state and you had a skiing accident. You sustain a deep compression fracture across half the plateau on the top of the primary lower leg bone that supports your knee, and you break off part of that bone as well. You most probably have...
Posted February 11, 2010 | 10:34:45 (EST)
Similar to events at the early stages of the sub-prime crisis, the financial predicament of Greece is likely to blow over soon, especially once the unannounced details of the accord reached early today are acted upon. What was once a cradle of civilization now accounts for only 2.6% of European...
Posted January 6, 2010 | 13:29:59 (EST)
With each New Year, predictions thought out to be sagacious and sometimes offbeat are advanced by the gurus of Wall Street. The consensus this year seems to be that an improving economy will enable the stock market rally to continue but then be vulnerable in the second half to pressures...
Posted December 14, 2009 | 11:27:17 (EST)
Imagine that the explosive printing of broad money, which has been the case since the founding of the Federal Reserve in 1913, ceased tomorrow. The gold price would spike initially. Zombie banks might go under. The dollar might rally. Goldman Sachs might get caught off balance with carry trade exposure....

Posted November 29, 2010 | 11:50:02 (EST)