By James Kwak Courtesy of Matt Yglesias, from the Financial Services Forum: “We write today to urge you to work together to reach a bipartisan agreement to avoid the approaching ‘fiscal cliff,’ and take concrete steps to restore the United … Continue reading →
ABC NewsBoehner on JP Morgan Mess: 'No Law Against Stupidity'Wall Street Journal (blog)By Damian Paletta House Speaker John Boehner (R., Ohio), in a wide-ranging interview on ABC's “This Week,” weighed in on the recent JP Morgan Chase &…
Boehner on JPMorgan: 'There's no law against stupidity'Politico (blog)By DARREN SAMUELSOHN | House Speaker John Boehner says new financial regulations wouldn't have stopped JPMorgan Chase from posting a $2 billion trading loss. "Th…
…the proper response to the $2 billion blunder was not to tout the theoretical wisdom of other banks. It was to acknowledge that we now have…
“Fewer people applied for unemployment benefits last week, a hopeful sign that the job market might be picking up,” trumpeted the AP, in a news…
Would you lend money to Spain, Italy and the US at these ridiculously low levels? The answer is no. The World has during the past years experienced an explosion of sovereign Debt, but yields have been coming off, as a result of Central Bankers buyin…
The Fed did a coupon purchase today and the maturities were very long—out to 30 years. The Fed got nervous when they saw the results…
Larry Kudlow has once again proven his stupidity as his latest, polyannish, little verbal tic of ”drill, drill, drill,” turned against him as energy markets crashed faster than world stock markets. Now sp…