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

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Money from money? Not good.

…by and large, the financial system subtracts. And, yet, it’s growing and growing and growing. And this short term thing where short term orientation in which trading pieces of paper…

Update on WTO GATS, gambling, and Antigua

…WTO sided with the Antiguans. The ramifications of that defeat are still rippling around the world, and major American trading partners such as the EU and Japan have begun lining…

WTO GATS and strategies of regional hubs Part 1

…US firms (finance, banks, lawyers) expand into that market. I believe the trend in countries cooperating in regional trading partner policies, for example the responses to de-pegging or considering de-pegging…

Consumption: Full Steam Ahead

…the following: The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for January, adjusted for seasonal variation and holiday and trading-day differences, but…

Dark Matter: Tamny v. Feldstein

…Industrial Average trading at levels nearly four-times higher than when Feldstein initially sounded the alarm, the U.S. economy is still somehow imperiled as a result of investor interest in our…

Abramoff Cuts Deal

…myth that Abramoff’s corruption was bipartisan: Jack Abramoff represented the most flamboyant and extreme example of a brand of influence trading that flourished after the Republican takeover of the House…

Wrong Decisions

…to like to joke that it was trading Sammy Sosa. You’ve looked back before 9/11 for what mistakes might have been made. After 9/11, what would your biggest mistake be,…

Republicans: Above the Law

…DeLay, Bill Frist, Karl Rove, and Scooter Libby. I guess Mr. Kristol does not consider such trivial matters as insider trading and the outing of CIA agents to be crimes….