Perception, per the NYT: Fed Leaves Key Rate Steady as It Worries About Growth Reality: TSLF (Mar 11), PDCF (Mar 16), expanded acceptable collateral pool (multiple times, most recently Monday), loans to the parent from the subsidiaries to cover capital needs.* And it may not be enough. (Of course it’s an AIG link.) There’s more […]

In honor of this post (from another blog whose political posts I’ve stopped reading; Hilzoy is in good company*), I have decided today to shave off my beard and mustache.** After all, David (“Axis of Evil”) Frum is always right, as John Holbo originally documented: This sentiment or intuition or feeling (whatever you call it) […]

Continuing from my last posting, I stated the World Bank has seen the light. It has put out a report: Where is the Wealth of Nations? Reason Online has an interview with the prime author Kirk Hamilton. Oil, soil, copper, and forests are forms of wealth. So are factories, houses, and roads. But according to […]

On September 28th Bill Moyers’ guest was John Bogle. You can see the interview or read the transcript from here. The setup for the interview is about private equity firms and he mentions the Sunday NY Times front page article: At Many Homes, More Profit and Less Nursing. His introduction of Mr. Bogle is: It’s […]