Banklords, Deadweight Losses and the Bernanke Risk Reversal

The best way to get into the heads of the leaders around the FOMC table is to read this - http://federalreserve.gov/publications/other-reports/files/housing-white-paper-20120104.pdf Housing tops the list of concerns at the Fed, and this "unsolicited" report to...

Greek Debt = German Jobs

Before starting on today's exciting topic of Greek debt being responsible for German job creation, I need to do a little housekeeping. First, Happy New Year! Second, I am looking forward to another exciting year of writing commentaries that hopefully both entertain...

Jeremy Stein – The Shadow Haircutter

The Obama administration has thrown some more Fed nomination spaghetti on the wall in hopes that something will finally stick! Peter Diamond was dk'd and Rich Clarida politely said no thank you - next up on center stage, Jerome Powell and Jeremy Stein. There is very...

Nurse Ratched bears down as the TBTF backlash boils

A few weeks back we made a metaphorical comparison between the EU political theatre and the loony bin from the movie "One Flew Over The Cuckoo's Nest". At the epicenter of this comparison was Angel Merkel aka Nurse Ratched - the over bearing, power hungry, strict...

Bubble Money, Bubble Jobs and Emptive Policies

Spending last week in Georgia and Texas was fantastic - great debates and great evenings out. I learned after 45 years that I have a darker redneck side in me which has never been nurtured to its full potential. I need to go back down south soon! Of course, having the...