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David Kotok

Entries by David Kotok

Throwing in the Towel

(0) Comments | Posted October 10, 2008 | 1:03 PM

Actions speak louder than words.

Yesterday I sat at the Washington luncheon speech of Ben Bernanke. We watched the stock market meltdown start about three quarters of the way through his speech. The rest of yesterday you know. Last night, the meltdown continued worldwide.

This morning we saw coordinated central...

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About Paulson's Statement

(3) Comments | Posted July 14, 2008 | 9:37 AM

Excerpts from Treasury Secretary Paulson's Statement (Published: July 13 2008, 6 PM) About Fannie and Freddie with inserts of Cumberland's Observations.

Treasury Secretary Paulson: "In recent days, I have consulted with the Federal Reserve, OFHEO, the SEC, Congressional leaders of both parties and with the two companies to develop a...

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Why the Fed Will Not Raise Interest Rates

(9) Comments | Posted June 17, 2008 | 1:18 PM

There are reasons why the Fed will not raise interest rates this year, at least, not until after the election. Here are some of them.

1. The energy price shock is not something that the Fed can control. The oil price depends on many factors, and monetary policy is not...

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Food Price Inflation, Monetary Policy & Financial Markets

(3) Comments | Posted April 28, 2008 | 2:53 PM

Suddenly food price inflation has become the premier hot topic. We discussed this last week on Larry Kudlow's show and did so again this morning on Squawk Box. The media is now attuned to food issues including emerging market country riots.

In the US, the politicians are gearing...

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