…including the availability of significant leverage, the PPIF transactions in these frozen markets will have a significant impact on how any particular asset is priced in the market. As a…

…that this won’t revitalise the assets themselves and I will (rightly) note that option markets rather saved the equity markets in 1987, for instance. You will note that I am…

…interest rate on new special obligations will be the average market yield, as of the last business day of a month, on all of the outstanding marketable U.S. obligations that…

…anyway). Geithner said he was doing a good job and so investors were convinced. To be Frank, the fact that Barney can move stock prices almost reconciles me to investor…

…when the housing market collapsed or the stock market sank. We have known for decades that our survival depends on finding new sources of energy. Yet we import more oil…

…believe that freedom is ideally marked by an individual operating in the marketplace Fundamentally, there are only two ways of co-ordinating the economic activities of millions. One is central direction…

…should be possible to guess that I don’t think that “market liquidity” is a good thing. I use quotes as I would define assets as liquid or illiquid and markets…

Since George Bush was elected President eight years ago the stock market is down about one-third. Yet, Larry Kudlow and the other non-partisan analysts on CNBC keep insisting they want…

Starting in September, my income, such as it were, is basically in C$. Stephen Gordon explains, with graphics, why that has been such a bad trade. The scariest part: The…

…reward the market for saving is to have higher interest rates. Ensuring that real interest rates remain positive at all times and using monetary policy to ensure absolute price stability…