Daily Archives: June 19, 2009
An Error In Judgment
The blunt fact is that the economic recoveries that have been rapid and seen fast growth in employment are those that ended when a central bank, following strongly restrictionary policies to fight inflation, eased off and significantly lowered interest rates. … Continue reading
The Defanging of Obama’s Regulation Plan
Simon Johnson, a senior fellow at the Peterson Institute for International Economics, is the former chief economist at the International Monetary Fund. There is much to worry about in President Obama’s financial regulation proposal, officially unveiled on Wednesday. It’s a … Continue reading
BofA’s Paying Bonuses to Keep Top Talent? Shocking!
By Stephen Grocer So Bank of America is paying bonuses to lure new talent and retain the talent that is left. Among the bankers to receive bonuses were Fares Noujaim and Harry McMahon, the New York Post reports. Noujaim, a … Continue reading
A moment of silence for downed comrades
Bankruptcy Epitaphs 2009–And We’re Only In June! – Reformed Broker
Dollar Doldrums
Everybody’s got an opinion on the dollar, ranging from its aesthetics (for the most part, people think greenbacks lack that) to its utility (we hear a lot from folks bemoaning its use as a fiat currency). Voices were raised in … Continue reading
Obamanomics has begun to fade
A string of new polls seems to show that America’s belief in the wonder-working power of Obamanomics has begun to fade. A Pew poll found President Obama’s economic approval rating has fallen to 52 percent from 60 percent in April. … Continue reading →