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

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The ATM Myth

…there were two Chase ATMs on the second floor. Those who know NYC will note that there are not one but two Chase branches across the street, but traders and…

Stop Acting Surprised

…took office. 2. The government response to the problem wasn’t going to have any positive effect since it addressed a non-existent problem (i.e., poor decision making on on Wall Street)…

Geithner and EU regulation of derivatives

…again Geithner has shown whose interests are more important. It certainly isn’t Main Street when it comes to exports/imports. God forbid, some other country begin to regulate Wall Street though!…

Marshall Auerback responds

…that inflation is a couple per cent and it is all pork prices because there was a lousy corn harvest. However, economists such as those at Lombard Street in the…