…was lost in the shuffle I believe. The key at least for this blog: The basic perception that markets invariably create optimized results over time was shaken. It was a…

Trying to get beyond today’s headlines, and the moves and countermoves in today’s markets, is difficult. However the future beckons, and it’s looking a lot more “deflationary” than “inflationary” which…

…mortgage mania earlier this decade. There’s no joy in seeing a venerable firm expire, but it has to happen if financial markets are going to have any discipline going forward….

The UK Telegraph has an interesting set of charts regarding issuance of bonds and such. Glance at the more or less healthy stock markets in New York, London, and Frankfurt,…

Ben Bernanke comments on the credit woes of the world. He is a master to calm the troubled waters of liquidity. In recent years, mortgage markets have seen a remarkable…

…a salesman while still commanding respect in the markets. To my knowledge, the only value-added John Snow has brought to the Treasury position has been his willingness to be the…

The IMF’s economists think that the chances of a negative surprise to the world economy are bigger than the chances of a positive surprise: Storm clouds seen over markets: IMF…

…forms of economic retreat, and they lead in the same direction — toward a stagnant and second-rate economy … Keeping America competitive requires us to open more markets for all…

…as the assumption known as the Efficient Markets Hypothesis. The economists at the IRS have been pushing something called the Market Capitalization approach, which is heavily criticized by tax attorneys….

…their views on the housing bubble. Watch for their comments. UPDATE: The WSJ (Greg Ip) has a front page article this morning: Booming Local Housing Markets Weigh Heavily on Overall…