Lifted from Robert Waldmann’s Stochastic thoughts: Brendan Nyhan autopsies the mittmentum narrative here. I comment. Thank you for this very good post.  I had been puzzled by the “bad narrative about momentum” narrative on progressive blogs (largely because I interact with the rest of humanity largely by reading progressive blogs).  You demonstrate that there was […]

Okay, all.  Remember all the speculation last summer about how Romney managed to parlay an IRA in a Cayman Islands bank into an account worth between $20 million and $101 million?  Much of the speculation concerned whether Romney stacked the account with Bain shares and significantly undervalued them as worth less than the maximum yearly […]

by Linda Beale Romney, Family Business, Carried Interest, and potential conflicts of interest Just a quick note this morning on an interesting article in the October 29, 2012 edition of The Nation magazine, Lee Fang, Romney Family Business: Investors in Tagg Romney’s firm, Solamere Capital, could hit the jackpot if his father wins, The Nation […]

From the Washington Post At the top of the priority list: a promise to forge a bipartisan compromise that reduces rampant government borrowing and makes long-postponed decisions about taxes and spending. In the interview, Obama called a budget deal “one of the best things we can do for the economy.”“We’re going to be in a […]

From OpenSecrets, hat tip to John Sides at The Monkey Cage: Cross-posted at Asymptosis.

CINCINNATI, Ohio — Mitt Romney tried Thursday to borrow the campaign themes that got President Barack Obama elected in 2008. The Republican nominee repeatedly promised “big change” in Washington, a fresh phrase for him and one that he used more than a dozen times in a 20-minute speech at a rally that kicked off a […]

Two articles published late yesterday in the New York Times, when juxtaposed with each other, pretty much encapsulate my frustration with this campaign.  One, titled “New Federal Rules for Debt Collectors,” by Edward Wyatt, reports: Debt collection agencies, whose sometimes aggressive tactics have earned them scrutiny from consumer protection groups and state regulators, will come […]

You can’t say Wall Street has no ethics…but you can say what kind:

Lifted from Angry Bear Robert’s Stochastic Thoughts, and Brad Delong and Naked Capitalism beat me to it…oh well: I have always assumed that Romney must be smart, because of the way in which he acquired great wealth.  Yes he was ruthless and dishonest (the real scandal is what is legal).  But there are lots of […]