Cities are broke. Pension plan promises are in the courtroom. Insurance companies are flying blind, unable to earn a yield. Liabilities have entered a boom…
So intense was real estate speculation in 1925, one-eighth of the national economy was devoted to building in 1925.
In a recent memo to Oaktree Capital clients, Chairman Howard Marks writes about “the time I spent advising a sovereign wealth fund about how to organize for the next thirty years.
Frederick J. Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009), which was translated and republished in Chinese (2014). He is research…
RESERVE YOUR SEATS: On August 26, 2014, for what seems the fiftieth time, the U.S. Court of Federal Claims rejected the U.S. government’s attempt to extinguish Starr International Co. v. United States.
To be clear on the main point of “The Killing Fields”: The world’s central banks have been working for well over a year on handing out money to the people.
The house organ for the Council of Foreign Relations, Foreign Affairs, has published its final solution under the title: “Print Less and Transfer More: Why Central Banks Should Give Money directly to the People.”
Today, everyone believes that market price levels are largely driven by monetary policy and that we are being played by politicians and central bankers using their words for effect rather than direct communication.
Frederick J. Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009), which was translated and republished in Chinese (2014). He is researching…
Have you no sense of decency sir, at long last? Have you left no sense of decency?