News for those not Interested in Death and Sex Watches

or When Will Journalists actually Report Real News?
So for those that don’t want to see the People Magazine section on the front page of every news paper and as the lead in to every TV news item, let’s look at some real news.
Climate Change : The American Clean Energy and Security Act:
Should [...]

In Remembrance of an Angel

Farrah Fawcett (February 2, 1947 – June 25, 2009)
Some how, every generation of woman has their own girl next door with which to compete and identify.  Just like the iconic picture of Betty Grable’s legs during World War 2 and Marilyn Monroe’s restless white dress during the 1960s, those of us who went to [...]

Oh to be a Fly on those Fabled Marble Walls

The Federal Open Market Committee (FOMC) meets today. Those folks are the ‘deciders’ when it comes to monetary policy. This should be an interesting meeting for a number of reasons. First, new regulations proposed by the Obama administration definitely put the Fed in the catbird seat. Second, Bernanke is coming close [...]

It’s the Jobs, Stupid!

One glance at the national income accounts for the U.S. gives us the bottom line. Approximately 67 % of the spending in the country comes from households and nearly the same proportion of the source of that spending comes from wages and salaries. It may be all about oil revenue in places [...]

Obama and the Enhanced Status Quo

We were promised changed. What we are getting is perpetuation of the status quo. Let’s try this headline at the Guardian on for size “Goldman Sachs to make record bonus payout”.
Staff at Goldman Sachs staff can look forward to the biggest bonus payouts in the firm’s 140-year history after a spectacular first half [...]

He’s no FDR

With the release of financial regulation reform and healthcare reform that has Wall Street breaking open the bubbly, I just want to join the chorus of highly skeptical economists. The tune of the last few days is hard to miss. Take this piece from the NY Time’s Dealbook as an example: Only [...]

Dismal Economists: Getting Real on those Green Shoots

I’ve been concerned about the lack of real evidence for the administration’s green shoot hypothesis. It seems that I’m not the only one. A new Wall Street Journal Poll shows that Americans are increasingly ‘wary’ of the deficit and Obama’s economic intervention as Obama’s poll number’s slip.
But the poll suggests Mr. Obama [...]

The Devil in the Details

A blueprint of the Obama administration plan to extend Federal Reserve Role in the markets was released last night. I have to agree with Felix Salmon at Reuters about the increased density of DC alphabet soup.  If  you want to wade through 85 pages of sleep inducing regulatory policy, knock yourself out here. Frankly, this [...]

“The Public Option is not your Enemy”

Finally, if we are to win the battle that is now going on around the world between freedom and tyranny, the dramatic achievements in space which occurred in recent weeks should have made clear to us all, as did the Sputnik in 1957, the impact of this adventure on the minds of men everywhere, who [...]

Please! No More Kabuki Finance Reform!

Today’s Wall Street Journal highlights the Details Set for Remake Of Financial Regulations. The question on every one’s mind is will it be real this time instead of some show that shuts down the minute the press leaves the room. (You know when Barny Frank and Chris Dodd trot out the single malt and [...]