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Tag Archives | economy

Shave and a Haircut For Munis?

Anyone who considers themselves an accomplished skeptic, should  be familiar with an  often used quote attributed to  German philosopher Arthur Schopenhauer: “All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.” No doubt Meredith Whitney is quite familiar with  the ridicule and scorn […]

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Friday Humor: Two Stockbrokers Are In a Bank…

Two stockbrokers are in a bank, when, suddenly, armed robbers burst in, waving guns and yelling for everyone to freeze. While several of the robbers take the money from the tellers, others line the customers, including the two stock brokers, up against a wall, and proceed to take their wallets, watches, and other valuables. While […]

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Are Democratic Presidents Really Better for the Economy than Republicans?

According to Richard J. Carroll in a Bloomberg.com Op-Ed piece promoting his new book, the answer is yes: In “The President as Economist: Scoring Economic Performance From Harry Truman to Barack Obama,” I compare the 12 presidents since World War II using 17 economic indicators, including growth in gross domestic product, rate of unemployment, inflation, […]

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Are U.S. Banks Ready for a Break Up of the Euro?

Simon Johnson, is the former Chief Economist of the International Monetary Fund (IMF) and is now at MIT.  Last month he wrote “The End of the Euro: A Survivor’s Guide.”  Today on Bloomberg.com he writes that U.S. Banks Aren’t Nearly Ready for the Coming Euro Crisis. Some of his thoughts on the matter: Very few […]

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Thoughts on the Fed (FOMC) Meeting

The FOMC wrapped up its two-day meeting by announcing that it will extend the Operation Twist program for the rest of the year. The statement also said that “the committee [FOMC] is prepared to take further action as appropriate to promote a stronger economic recovery and sustained improvement in labor market conditions in a context […]

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And The Winner Is…

Is wealth disparity the cause of economic problems, or are economic problems the cause of wealth disparity? From Murray Rothbard’s What Has the Government Done To Our Money? Courtesy of the Ludwig von Mises Institute: To gauge the economic effects of inflation, let us see what happens when a group of counterfeiters set about their […]

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The Rain in Spain…

No sooner has the financial world breathed a collective sigh of relief over the results of the Greek Elections, than the dam appeared to spring another leak.  This time  in the form of surging Spanish bond yields. As reported by the WSJ.Com yields on the Spanish Ten Year Treasury “surged to the highest on record […]

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Friday Humor: (The Onion) Drunken Ben Bernanke Tells Everyone at Neighborhood Bar How Screwed Up Economy Really Is

From the Onion: SEWARD, NE—Claiming he wasn’t afraid to let everyone in attendance know about “the real mess we’re in,” Federal Reserve chairman Ben Bernanke reportedly got drunk Tuesday and told everyone at Elwood’s Corner Tavern about how absolutely…..Excerpt from The Onion Very funny, but also very sad that there is more truth in this article […]

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Coming to a Theater Near You?

Back in April the Sun Sentinel news in Ft. Lauderdale, ran an investigative series titled Bad-Neighbor Banks, which focused on the side effects of the South Florida foreclosure crisis.  The article describes how some of “the world’s biggest banks” have left vacant homes to literally rot away. In Florida the problem is magnified by the […]

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