The plight of natural gas driller Chesapeake Energy could almost make you feel sorry for CEO McClendon. He lost his chairmanship after his conflicted entanglements and an in-house hedge fund had seeped out. The company announced it may run out of cash…
If there was an Academy of Motion Picture Arts and Sciences Award for the best acting performance by a CEO, Jamie Dimon of J.P. Morgan…
This is a short excerpt from this week’s Professional Edition Fed Report to be posted Tuesday. The ICI reports mutual fund inflows weekly with a…
CNBC.comFunds Bet on Mortgage Sector Even as Housing Stays WeakCNBC.comThe US housing market may still be in the doldrums, but funds that are betting on big gains in mortgage-related investments are a hot ticket this year on Wall Street. The near-zero …
Janet Yellen, Bernanke’s soul mate (and mouthpiece) spoke last week. She argued that the Federal Reserve’s Zero Interest Rate Policy (ZIRP) should be maintained for another three years.
Tim Geither, Obama’s side kick, had a completely different take …
How is borrowing money based on fraudulent claims of asset value and future income any different from counterfeiting money?
Let’s compare three financial criminals. The first is an old-fashioned counterfeiter who doctors up paper and runs a p…
David Stockman gave his insights on Mitt, Newt, crony capitalism, and the private equity controversy this week on Dylan Ratigan’s MSNBC show. He laid the…
Ben Bernanke’s zero-interest rate policy (ZIRP) and command-economy efforts to maintain mispricing of risk, debt and assets are destroying capital and capitalism. No wonder his policies have failed so miserably.
To understand why Federal Reserve C…
If we look at tax revenues and income in a practical way, we find “tax the rich” will not close the widening $1.5 trillion gap between Federal revenues and spending.
Clearly, $1.5 trillion annual Federal deficits to fund the Status Quo–fully 10% …
Friday Night Irony: According To The Fed, Just Over One More Year Of ZIRP Will Lead To 38.36% Annual Inflation
. . . in an extremely ironic twist, it is none other than the San Francisco Fed, which operates the “Be Fed chairman for a day” simulatio…