Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/Volcker rule

Adam Smith in a broader context

…identified in the invisible hand paragraph 9: “he intends only his own security”. The actual “rule” that Smith, incidentally an accomplished mathematician, speaks of, is the arithmetic rule that “the…

Thought-Experiment: Assets and Securities

Ken Houghton wants to sidebar today into looking at the general application and implications of an Accounting Identity: Assets = Liabilities + Equity (A=L+E, or the ALE Rule). Let us…

2/3 = 0.92 %

…there is a rule of style that words are not to be repeated, but given the importance of exact wording in polls I think that rule of style demands inaccuracy….

The Depression and Post WW II Recessions

…peak is surpassed until the next peak. The second part of this chart is a basic forecasting rule I developed years ago that recessions– recoveries are symmetrical. That is the…

What’s dumb about a windfall profits tax?

…tax where the companies get to deduct from their payment every dollar they spend on renewables. But as a general rule, resentment and vengeance are not good foundations for tax…

Enlightenment: You and Me and China make Three

…ideology of one party rule can not hold if they are to sustain their historic annual growth. And they must sustain the growth because they are such a large population….

OCC watch

rules, one preempting nearly all state and local consumer laws (the “preemption rule”) [69 Fed. Reg. 1904 (2004)] and the other restricting nearly all enforcement powers of state regulators and…