A Free Market That is No Longer Free
I’ll never forget flying into the Siberian town of Ulan Ude (Google earth). During the end years of the Cold War, I flew one of the first teams of nuclear treaty... Read »
The Tax Man Cometh
Despite protestations from politicians to the contrary, it’s becoming somewhat clear that higher taxes across the board — not just for the rich — are in the... Read »
Mr. Geithner Goes to China
At his confirmation hearing in January, Tim Geithner nailed the China Question. China prevents its exchange rate from appreciating through intervention (buying... Read »
GM Could Satisfy a $50 billion Debt Within Five Years
A preliminary Treasury Department estimate indicates that the United States would recover most of its planned $50 billion investment in General Motors (GM) by 2013,... Read »
Europe’s Bank Stress-Test: Will International Accounting Standards Pass?
Some blame poor accounting standards for the crisis, and many now place accounting reform atop the global agenda. But the International Accounting Standards Board... Read »
Behind the Numbers: May 2009 Market Review
Welcome to the Brave New World of the Uncle Sam economy! Let’s review the price action across the market, add some analysis as we look behind the numbers, contrast... Read »
The Importance of Compensation
In my opinion, one of the biggest contributors to the crisis we know so well was compensation schemes that gave individuals at financial institutions – from junior... Read »
Changing Attitudes Toward Attitudes Toward Risk
Amid an article about the GM bankruptcy, Mark Ambinder (political correspondent for the Atlantic Magazine) has the following offhand comment: Purists — and... Read »
Commodities Post the Biggest Monthly Rally in 34 Years
The Reuters/Jefferies CRB index, most widely recognized measure of global commodities markets, gained 14% this month, the most since July 1974. Signs of a recovery... Read »
Interest Rates Torpedo Refinancings
All of this was supposed to be a thing of the past. You know, no mortgage brokers stringing their customers along while they waited for rates to get better and pad... Read »






