When Robert Benmosche was named CEO of AIG, I thought it was a good thing. Ed Liddy, possibly tired of the abuse, wanted to move on. Liddy was primarily skilled with personal lines P&C insurance, which was a small part of...
Read More“Just give me the number, willya?” Ugh. I’ve had the question asked many times in my life working in or alongside financial reporting in a company. They need a number for the budget, even though that number will certainly be...
Read MoreThis may become a series, but I’m going to post some questions I have been asked, and the answers that I gave. Anyway, here goes: Has anyone prepared a summary of US Treasury bonds, say five years ago and now and looked at...
Read MoreAs I have said before, it doesn’t matter who the next Fed Chairman is, because all of the candidates are basically the same when it comes to monetary policy. There are no hard money candidates. So, with the announcement that...
Read MoreMany people think in non-systematic terms. They consider the US current account deficit to be an unmitigated disaster. They look at one side of the issue and conclude that the US has become less competitive. Understanding...
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