It is remarkable to see the accolades being heaped on retiring Brazilian President Luiz Inácio Lula da Silva. Who would have believed this would be the case eight years ago. Even the Financial Times has as its lead editorial...
Read MoreBeginning in 1961 with the inauguration of President John F. Kennedy, the United States government has basically operated from a “Keynesian” economic philosophy. The economists that Kennedy brought into his administration were...
Read MoreI got on a Michael Douglas kick this weekend because his new flick “Wall Street: Money Never Sleeps” was coming out in the theaters. I, of course, took in Wall Street 1.0 again. Among the other Michael Douglas films I reprised,...
Read MoreIt seems as if “Macro” forces are dominating movements in the financial markets these days. The latest call to attention of this fact is the article by Tom Lauricella and Gregory Zuckerman on the front page of the Wall Street...
Read More“Spend enough time with Chinese officials and economists, and you will hear a story about the Japanese yen in the 1980s.” So writes David Leonhardt in “The Long View of China’s Currency”...
Read MoreThe foreign exchange markets seem to have some of the same concerns about United States monetary policy that I do. See my “Oh, No! The Fed Has More Ideas for the Economy”,...
Read MoreThe New York Times contains the headlines, “Fed is Expected to Discuss More Ways to Revive Economy.” (See http://www.nytimes.com/2010/09/20/business/economy/20fed.html?ref=todayspaper.) The Fed is mulling over ideas about how it...
Read MoreReaders of this blog have confessed concern over my focus on computers that are faster and faster (http://seekingalpha.com/article/223127-the-new-world-order-smaller-and-faster) and the blue-sky idea of quantum computers. I...
Read MoreGlimpses of the regulatory process are starting to hit the news. Gary Gensler, Chairman of the Commodity Futures Trading Commission offered some insight into the process as he spoke of the evolving discussions surrounding the...
Read MoreI believe the article “Hedge Funds Reap Rewards from Treasuries” in the Financial Times is a good read for people interested in the financial markets. (See http://www.ft.com/cms/s/0/a5aa3c38-c111-11df-afe0-00144feab49a.html.)The...
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