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More than an election message

…is deep, long-term, systematic, morality-based, and conceptual) with messaging (which is shallow, short-term, ad hoc, policy-based, and linguistic). … Democrats have a few of these elements, but they are relatively…

FHFA Issues Subpoenas for PLS Documents

…in private-label securities. These securities included subprime loans, which were extended to people with thin or weak credit histories, as well as exotic loans such as adjustable-rate mortgages known as…

SCOTT SUMNER II

…a complex, convoluted approach that indirectly tried to demonstrate that there had been a break in US growth because of the reforms around 1980. My question is why go to…

…quoted at CNN “… Angry Bear is the product of a half dozen Ph.D economists, an historian, and financial professionals. The writers provide individual perspectives on broad sectors of the…

Tri-Committee Health Care Bill Deficit Neutral

…scratching their heads. On Tuesday the CBO scored HR3200 as adding $1.048 billion to the deficit over ten years. Late Friday that score was changed to adding $239 billion over…

Warren Buffet’s annual letter to shareholders

…purchasing companies] were known as “leveraged-buyout operators.” But LBO became a bad name. … Their new label became “private equity,” a name that turns the facts upside-down: A purchase of…

Paul Volcker Feb.20

…a customer, and he had other interests in that customer, other than lending money typically. He may lend money because he had other interests. You went to a very impersonal…