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

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Old Vet looks ahead for more action

…notional dollars. Hence the leverage. The movement in the notional values ultimately determines the profit or loss of the underlying derivative contract. Therefore the cash risk exposure of the banks…

Thinking or testing

…a trend towards a deterioration in their inferior scores from two years earlier. The philosophy-based lessons encouraged a community approach to ‘inquiry’ in the classroom, with children sharing their views…

It’s the tax code stupid!

…that it would be taxed less. Yup that was real “fair” sharing of the Reagan debt. It’s not just about rates and it never has been. It is about definitions,…

China and Bear Stearns

…an agreement in principle to establish a comprehensive strategic alliance. This alliance will include sharing management expertise and technology to develop new capital markets products and businesses in China, establishing…

The game of statistics

…quick, with such light in their eyes and such beautiful swings. As I watch the playoffs, the metaphors abound, and call for sharing. Different ages, different teams, same glorious sport….

Market (Ir)Rationality

…though some analysts quickly sought to dampen the market’s interpretation of the remarks by suggesting that Reyes was not giving financial guidance nor was he sharing information that wasn’t already…

Balancing the Budget via Spending Cuts?

…3% off the table; (b) the GOP is not about to reduce DoD spending – so take that 4% off the table; and (c) reducing Federal revenue sharing (about 3%…

Social Security Part I: Insurance and Risk Premiums

…repaid to the group as dividends, pushed into the next year’s pooled funds, or retained by the insurer as profits.) Stated differently, without insurance each member of the group faces…