Category Archives: Business & Economics

America’s most respected economic leader weighs In

One of my biggest fears about this financial crisis, is that our form of a capitalist system will be seen as having failed and thereby opening the door for an even more socialized economic framework. One of America’s real economic … Continue reading

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Mark-to-Market, Baby [think Donna Summer]

Accounting is not sexy. I know. Convincing people that FASB 157 is the root of our problems is a tough sell. I recommend a Donna Summer-like impersonation on the floor of the House if we are to see real movement … Continue reading

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Credit Crisis Ground Zero – Fannie Mae

We are smack-dab in the middle of setting the conventional wisdom for the financial crisis. The argument on the left is that due to deregulation, unrestrained capitalism [greed etc] has failed us. That argument, which includes people not normally on … Continue reading

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Rescue Plan as Viewed by Economists

Forget Congress for now, whatever emerges there is a compromise of the least objectionable ideas. I’m curious about how the intelligentsia views what is occurring. The most respected university in economics is the University of Chicago. Economists there took the … Continue reading

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Economies of Scale(s) – Literally

Since free markets are taking it on the chin this week, a little reminder. There is an article in the Economist which describes how a free-market can solve an environmental problem, an issue typically addressed from a governmental perspective. From … Continue reading

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Rescue Plan as Seen From the Left, Center & Right

In trying to find a common thread from each of the political spectrum’s, I have to conclude that Ben Bernanke [Fed] and Henry Paulson [Treasury] do not have enough credibility remaining to get the rescue plan they are seeking. Perspective … Continue reading

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Oval Office Conversation

After they stepped outside, they made a historic announcement about their request to have the federal government buy distressed assets in an effort to avoid a financial market collapse. But here’s my guess as to the conversation they had in … Continue reading

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Issac Newton and how economic bubbles develop

Lawrence Lindsey is one of the most prominent economists in the world. He also has much credibility on the topic of economic bubbles, given that as a Fed Governor in 1996, he made the prescient case that central banks have … Continue reading

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Microsoft Stock Buyback – What Does It Mean?

A WSJ article notes that Microsoft is planning to buyback $40 billion dollars worth of its stock. Why do companies do that? The basics: Once reacquired, the stock becomes treasury stock unless retired by the company, which was not noted … Continue reading

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Real poverty and those who fight it

Hint: It would include no one advocating a greater role for government in the life of the poor. Those types may be well-intentioned, but the goal of eliminating poverty is fundamentally at odds with the need to establish constituencies — … Continue reading

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