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Incompetence is no reason to lose your job (if you have the right friends)
QuoteTo be sure, we have changed our financial system over the past few years — but we only thinned it out at the top, creating more market power and greater opportunities for…
Here is a Real Inflation-adjusted price chart of the PGMs since 1900. (Real Inflation is estimated from John Williams’ ShadowStats.) I’ve created this unique chart researching the reported prices before 1930; this is one way to illustrate the relative …
Jeez! They stop at nothing…
Pope’s top bankers in money laundering probe
Italy’s finance police have seized €23m held by the Vatican in an Italian bank while the pope’s top two bankers have been placed under investigation for suspected mon…
“His departure would leave Treasury Secretary Timothy Geithner as the only member of President Barack Obama’s original top-tier economic team. Summers, 55, and the president have discussed his future plans, according to one person…”
Summers Expect…
September 19, 2010
The Angry Rich
By PAUL KRUGMAN
Anger is sweeping America. True, this white-hot rage is a minority phenomenon, not something that characterizes most of our fellow citizens. But the angry minority is angry indeed, consisting of people…
Cramer:…don’t over intellectualize the market, just BUY!
Growing Poverty But Fed Rescues Markets
Signs of increasing poverty are everywhere, and are now confirmed by government data, but the Fed is pumping, and that’s bullish. Screw the people!
The UK Telegraph turns the spotlight on the Fed……
Here is a back-of-an-envelope guess by David Greenlaw at Morgan Stanley on what the Fed can expect from a second blitz of bond purchases, or `Shock & Awe’ as he calls it.
If Ben Bernanke does…
Quantitative Easing: Unknown Consequences
Guest Contributor
09/21/10 – 01:35 PM EDT
Excerpted with permission from the publisher, John Wiley & Sons, from The Little Book of Economics by Greg Ip. Copyright © 2010 by Greg Ip.
By Greg Ip
In December …
