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Golden Gate University

Market Manipulators Are Back in Season for the Fed "Septaper" Sequel: "Septighten"

Terry Connelly | Posted 09.16.2014 | Business
Terry Connelly

The summer is coming to an end without much success at the movie box office, but one "sequel" has emerged a winner this week although its ultimate fate awaits further developments.

As Long As We're Talking About 2016, How Will They Manage the Republican Playoff With 20 Candidates?

Terry Connelly | Posted 09.09.2014 | Politics
Terry Connelly

Let's take a look at the Republican lineup to face Hillary Clinton and examine in a "nutshell" (excuse the expression) their respective appeal and chance of making the final cut.

Mobility Math: More Folks Renting = Fewer Mortgages = Lower Deficit and Lower Unemployment

Terry Connelly | Posted 09.03.2014 | Business
Terry Connelly

Indeed, it has long been U.S. government policy to encourage home buying among young adults, especially by providing favorable tax subsidies for homebuyers in the form of the famous mortgage interest deduction.

Tough Choices Indeed -- For Everybody

Terry Connelly | Posted 08.27.2014 | Politics
Terry Connelly

Three boxes sit on any policymaker's desk: "In," "Out" And "Too Hard." Comprehensive immigration reform typifies the kind of issue that inhabits the "Too Hard" box, where it has sat for many years. As is common to the "Too Hard" box, the need for a fix is glaringly obvious.

Ebola Is Not Spread By Air -- But Ebola Panic Is: Just Listen to Rush Limbaugh's Radio Program

Terry Connelly | Posted 08.12.2014 | Media
Terry Connelly

OK, it's not really surprising to learn that Rush Limbaugh believes that the return of two U.S. health care volunteer medical personnel from Africa who contracted Ebola is just another Obama plot so that he and the Democrat Party "can lead the compassion train." If that's all the smoke and mirrors Rush can come up with, we could just laugh it off. But Rush is not alone.

Broken News: Is the Crazy Weather Getting to Our Collective Sanity?

Terry Connelly | Posted 07.30.2014 | Business
Terry Connelly

Isn't it strange that the GOP, the political party that has heretofore consistently and vociferously opposed frivolous lawsuits, spurious malpractice claims and the trail lawyers' lobby, has now decided to spend taxpayer money to hire trial lawyers to bring what is essentially a frivolous malpractice lawsuit against President Obama?

DC Circuit Decision Isn't Just About Obamacare Subsidies: It Also Kills the Employer Mandate

Terry Connelly | Posted 07.28.2014 | Business
Terry Connelly

The July 22 decision of a divided three-judge DC Federal Circuit Court panel invalidating the Affordable Care Act's (ACA) premium tax credits for anyone purchasing insurance on a Federal Exchange proves that you can "just make this stuff up."

Can Obama Pardon Undocumented Immigrants and Let Them Stay? Civil War Cases Point the Way

Terry Connelly | Posted 09.08.2014 | Politics
Terry Connelly

Many in Congress and elsewhere would be surprised to learn that undocumented presence of aliens is not a crime under U.S. law.

The Hobby Lobby Ruling: Hobby Horse, One-Trick Pony Or Citizens United 2.0?

Terry Connelly | Posted 09.01.2014 | Politics
Terry Connelly

How can a Court that has specifically eschewed judging the relative merits of religious exercise claims choose between objections to inoculations and contraception?

The Federal Reserve Board --The Adults in the Room

Terry Connelly | Posted 08.27.2014 | Business
Terry Connelly

If you asked the average person how they feel about the Federal Reserve's latest economic projection that trimmed its estimate of 2014 U.S. GDP growth to a range of 2.1-2.3 percent, they would probably say that's not so hot -- not a recession, but quite depressing nonetheless.

If 2 Percent Is the New 4 Percent, Where Would the Economy Go From There? Let's Think It Uber!

Terry Connelly | Posted 08.12.2014 | Business
Terry Connelly

Renting a house, snagging a ride on your smartphone, and de-leveraging your balance sheets would truly be a new American way, with tremendous implications for policymakers including the Fed if a geopolitical or natural disaster hit and it was stuck at an already low interest rate.

How Would You Live On the Minimum Wage?

Terry Connelly | Posted 07.12.2014 | San Francisco
Terry Connelly

This post starts with a question because the answer could determine how you might vote in Congress (or for Congress) on the proposition that the curre...

April Showers Hit Markets: Bring an Umbrella to Trade

Terry Connelly | Posted 06.11.2014 | Business
Terry Connelly

Forces at work from Tokyo to Kiev have been roiling the U.S. stock market for a couple of week. But the financial sushi that is now on the menu in Japan, and Russia's "Crimea of the Century" are only part of the story.

Anatomy of a Market Lie: CNBC Misreads the Fed and Helps Out Short Sellers

Terry Connelly | Posted 05.20.2014 | Business
Terry Connelly

Despite Yellen's evident caution and discomfort in expressing any specific quantitative definition of "considerable period," the stock and bond markets chose to take Yellen ultra-literally about the six months and turned suddenly and violently downward.

Finally, the End of the Five-Year Armageddon Trade?

Terry Connelly | Posted 04.20.2014 | Business
Terry Connelly

Plenty of worry for the famous wall that markets often climb, but no Armageddon's on the horizon. Maybe we can get back to "normalcy" after all, even with increased market "volume" more to the upside.

What's The Going Rate For a Lost Tooth Nowadays?

AP | JOSEPH PISANI | Posted 10.29.2013 | Parents

NEW YORK — Days of finding a quarter under your pillow are long gone. The Tooth Fairy no longer leaves loose change. Kids this year are getting...

Mario Draghi Covers The Rolling Stones' Greatest Hit

Terry Connelly | Posted 10.09.2012 | Business
Terry Connelly

American observers need to get used to how the Eurozone countries negotiate with each other -- with such a loose and ill-structured currency union, they have to use the only tools at their disposal.

The Euro Gets a New "Transmission" From Super Mario

Terry Connelly | Posted 09.30.2012 | World
Terry Connelly

In their view, the ECB has no treaty-based mandate to print money or undertake "quantitative easing" in this way. If that is the case, however, then the euro is a suicide pact, powerless to defend itself against its own demise.

A Very Consequential Couple of Weeks

Terry Connelly | Posted 08.19.2012 | Politics
Terry Connelly

Forget the Wisconsin recall. We are into the last two weeks of June with a calendar loaded with answers to questions that will determine the course of the rest of this year, economically and politically.

Is Merkel the Herman Cain of the Eurozone: NEIN - NEIN - NEIN? (And Why It Matters to the U.S.)

Terry Connelly | Posted 08.06.2012 | World
Terry Connelly

Sometimes it seems that the chancellor would rather go down in history as the German who sank the euro rather than appear to be following a made-in-America idea.

Top 10 Reasons Why Facebook's IPO Went Badly

Terry Connelly | Posted 07.31.2012 | Business
Terry Connelly

Were they listening to their own stock analysts and sales forces? Or, were they just getting greedy knowing that retail investors did not know what they knew?

A Quick Word on JP Morgan's "Hedge Gone Wrong" -- Was It a Euro Election Bet?

Terry Connelly | Posted 07.17.2012 | Business
Terry Connelly

The timing of JP Morgan's trading moves leads to the obvious question -- whether the London-based traders who happened to run the desk at Morgan London were making a bet on the outcomes of the French and Greek elections themselves.

Supreme Court to Obamacare: Drop Dead?

Terry Connelly | Posted 06.04.2012 | San Francisco
Terry Connelly

The Supreme Court's conservative majority seems to be caught up in what we might call the "broccoli patch."