Post Tagged with: "Caroline Baum"
Caroline Baum: Bernanke’s defense of easy money is ivory tower nonsense
This quote from Caroline Baum sums things up pretty well about the Fed’s complicity in blowing a massive bubble in housing and in stocks before it. I know Bernanke has given this issue a great deal of thought and devoted the Fed’s resources to finding the correct answer. Still, the defense sounds like something out
British regulators disclose terms of emergency aid during panic of 2008
The Financial Times reports that British regulators have now opened up to reveal more of the details surrounding the emergency aid banks received during the most acute periods of stress to date in the financial crisis. Meanwhile, in the U.S., the Federal Reserve continues to resist providing greater details. The sum some of Britain’s largest
News from around the web: 2009-11-12
FT.com – Lloyds raises new capital target as bondholders warm to CoCos (sounds like good investor appetite for Lloyd’s) FT.com – Dollar knocked by China renminbi hints (Chinese showing they could revalue just before Obama arrives) Goldman’s Complete Presentation And Transcript From The Merrill Lynch Financial Services Conference | zero hedge Intel Pays A.M.D. $1.25
All bubbles are equal, but some bubbles are more equal than others
Columbia University Professor and former Federal Reserve official Frederic Mishkin wrote a much-discussed Op-Ed in the Financial Times yesterday. In it, he asks Are potential asset-price bubbles always dangerous? He answers this question with a no, noting that some asset bubbles are more dangerous than others because of their connection to debt and credit. I
News from around the web: 2009-10-26
Homeowners walking away from underwater mortgages – MiamiHerald.com Strategic default on the rise. Economics and Moral Courage – Llewellyn H. Rockwell, Jr. Anecdote contrasting von Mises and Hans Meyer Government Porkfare Is No Way to End Recession: Caroline Baum – Bloomberg.com "not all spending is created equal" FT Alphaville- Break-ING up is so hard to
It’s the debt, stupid
Let’s say I run a company. For the sake of argument, we’ll call it a shoe store in New York City. I am making $100,000 net per year now. But, I look around me and see huge opportunity for growth. So I go to my bank and ask for a loan to expand my business.
What real comprehensive healthcare reform looks like
Yesterday I wrote a healthcare polemic which was mostly designed to discuss the politics of healthcare for the President. The essence of my argument was that Barack Obama has not shown enough willingness to fight for specific policies he espoused on the campaign trail. In a poor economic environment, this weakens him politically, as is
News from around the web: 2009-08-18
I have a lot more to add but I have a horrendous Internet connection where I now am. So I will provide more tomorrow. Sorry for the delay in answering emails and comments. “Just because the conventional economists are drinking the Kool-Aid doesn’t mean you have to” – FT AlphavilleDavid Rosenberg spins his tale of
News from around the web: 2009-08-11
Posting will be light today as I will try not to be near a computer for most of the day. In the meantime, here are a few stories from around the web. Town Hall Crowd Shoots Health Message: Caroline Baum – Bloomberg.com Interview with Canadian PM Stephen Harper, 8/10/09 – Political Punch Jake Tapper interviews
Links: 2009-06-25
What I was afraid of – Paul Krugman As I also predicted, Obama’s stimulus package is now looking inadequate. Volcker Gets Less Than He Wants in Curbing Wall Street Excesses – Bloomberg The title says everything, doesn’t it? Our Crisis of Regulation – Richard Posner This op-ed is spot on in saying that the Obama
A brief note on the fake reform agenda
I was catching up with some of my reading when I happened across a quote from 1930 twice, which led me to write this post on how poor the Obama reform agenda really is. And I want ask you: is Obama Change you can believe in? The first post by Paul Krugman, “Green shoots, 1930”
Links: 2009-05-22
Kevin Phillips: The New Politics of Inflation: Asian and Monetary “As of 2009, from Turkey and the Persian Gulf east to Indonesia, China and Siberia, it’s Asia’s turn to make the waves, rock the global financial boat and set a new international course . Think of this upheaval as the Second Price Revolution. The United