China’s Exclusive Relationship with the U.S. Treasury Revealed
China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury’s first-ever direct relationship... Read »
JPMorgan (JPM) Only Suffered a Trading Loss – Platt
Michael Platt of BlueCrest Capital Management spoke with Bloomberg Television’s Stephanie Ruhle and Erik Schatzker today and said that “Greece will never give... Read »
Inspiring Words for New Graduates
Members of the Class of 2012, As a former secretary of labor and current professor, I feel I owe it to you to tell you the truth about the pieces of parchment you’re... Read »
Options Activity Alert: LOW, CBE, AIG
LOW – Lowe’s Companies, Inc. – Shares in Lowe’s were hammered Monday after the home improvement retailer lowered its full-year earnings forecast and... Read »
Greece is Not Real (It’s Nominal)
Lots of people believe the structural view of the current global recession; some of them are smarter than me. But everywhere I look I see more and more evidence... Read »
Republican War On Economic Data is Anti-Business and Anti-Growth
The House Republicans appear to be conducting a war on economic data. They seem to think that defunding data collection is all gain and no loss. In fact, the anti-data... Read »
Tax Policy Shocks and the Business Cycle
I have to admit that I never ascribed much importance to the idea of “tax policy shocks” as an important driver of the U.S. postwar business cycle. I... Read »
JPMorgan (JPM): A Monster That’s Out Of Control
Like the horror movie where the little monster created in a test tube in the lab grows and grows only to wind up threatening the whole village, the JPMorgan (JPM)... Read »
Chicago Fed National Activity Index Rose In April
A broad reading on economic activity turned higher last month. “Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI)... Read »
Will the Fed Take Facebook (FB) Shares as Collateral?
Friday’s news was dominated by the Facebook (FB) IPO. I don’t have much to say about Facebook qua Facebook or IPOs: not my area. I will just say that it... Read »






