This book was not what I expected. I expected a book on the current crisis, and got a book on monetary/credit policy over the whole of the existence of the US. What is more, unlike most books that cover a long sweep of...
Read MoreWho cares what the Federal Reserve remits to the US Treasury? Some are amazed by the record $78.4 Billion remitted to the US Treasury, as if that were “found money.” It is all stolen out of the pockets of savers, who deserve a...
Read MoreAssistant Treasury Secretary Mary Miller Met with the Baltimore CFA Society [BCFAS] on Tuesday. Given her prior efforts at T. Rowe Price, it was a bit of a “welcome home” for a local woman who has excelled. And she said that...
Read MoreI’ve been thinking a lot about bank reform lately. Here’s the core of the problem: deposits are sticky in ordinary times, particularly once you have a guarantor of deposits like the FDIC. But for some banks, they look to other...
Read MoreYes, I’m the same guy that wrote the series that culminated with In Defense of the Rating Agencies – V (summary, and hopefully final). But I’ve heard enough unintelligent kvetching about the rating agencies, post...
Read MoreI didn’t set as a hedge fund for a reason. First, I changed my mind from prior plans, and wanted to serve people below the top 1% of society, as well as those above, and institutions. But there is another set of reasons that...
Read MoreI am still trying to get my portfolios entirely transferred from Fidelity, and I am on try #4 now. I think it will work. Beyond that, I am registering in Texas, which is now my second state after Maryland. As for Maryland,...
Read MoreI’m going to be on the C4 Show today on WBAL, Baltimore’s main news-talk station, talking about business, investment, and economics. I’ll be on with a guest host for the hour @ 1 PM Eastern Time. If you want to listen live,...
Read MoreThis is not a normal book for me. I am not a natural marketer by any means. I have read a lot of marketing books in my time, but I am not a natural marketer. I am reluctant to put myself forward, and boast. But marketing does...
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