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...
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...
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...
Good morning from Houston. It has been a nice couple days on the road with a stop at the Atlanta Fed for an excellent conference on peripheral Europe, and a great dinner last night with 25 very loquacious clients in Houston. I must say, spreading a message that is...
The first Thanksgiving, some 400 plus years ago, was celebrated by the Pilgrims to give thanks to God for seeing them safely out of Europe and onto the shores of the "New World". Ironically, around many Thanksgiving tables this year, including Zervos family table,...
As we head into holiday mode, I just want to put out a quick note to clean up a few things. First, yesterday’s note generated A LOT of controversy. Of course, those that have been reading these commentaries for the past 2 years know that the style is meant to be...
If you want to read one of the most misguided pieces of research on the euro crisis look no further than here - http://www.piie.com/realtime/?p=2504. After reading this you will understand the dark and disturbed German disease that my good friend, and esteemed global...
As only Mick Jagger could sing it - Angie, when will those clouds all disappear. Angie, where will it lead from here. With no loving in our souls and no money in our coats. You can't say were satisfied. But Angie, you can't say we never tried. All the dreams we hold...
Times they have to be pretty bad if the economists are called in to run a country! Papademos is now the Greek prime minister and it appears that Monti will get the tap in Italy. We will have two PhD economists, from MIT and Yale, ready to lead the battle charge...
The news flow from last week was so voluminous it was nearly impossible to process. For good measure I want to start today’s commentary with a simple recap of what happened. On the negative side – · Greece called a referendum and threw bailout plans up in the air...
The news flow from last week was so voluminous it was nearly impossible to process. For good measure I want to start today’s commentary with a simple recap of what happened. On the negative side – · Greece called a referendum and threw bailout plans up in the air taking Greek 2yrs from 70% to […]
