(via AFP) German Finance Minister Wolfgang Schaeuble reiterated Wednesday his opposition to eurobonds, saying such financial instruments would not solve the eurozone’s debt crisis. Eurobonds…
New York TimesCFTC chief: Agency is reviewing JPMorgan's tradingBusinessWeekBy MARCY GORDON The head of the Commodity Futures Trading Commission says the agency has begun an investigation into JPMorgan Chase's ill-timed bet on complex financial…
Everyone makes mistakes. The best thing one can do is face up to the facts and acknowledge the error; fix the problem to the extent possible and do what is necessary to avoid repeating the mistake. Ben Bernanke’s inability to admit his (and his pr…
The Federal Reserve has been playing a perverse version of baseball, and unfortunately it has struck out. Here’s the Fed’s version of baseball: The Fed “wins” if it can get batters to “swing” at more debt and get a “hit” by spending that borrowed m…
Conventional economists are constantly cooing that oil accounts for a smaller percentage of the U.S. economy that it did in the 1970s; but does that mean that the economy is any less vulnerable to supply disruptions? The concept of leverage helps us…
