Archive for April, 2010

Blanche Lincoln Throws The Banks A Derivatives Curve Ball

How did the bankers miss this one? It appears as if Senator Blanche Lincoln and the Senate Agriculture Committee are on the cusp of passing derivatives reforms that would be somewhat akin to driving a stake through a vampire’s chest. As the Wall Street Journal is reporting, the banks are in full lobbying mode but [...]

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Putting A Happy Face On The Economy

It’s Spring and as they say, that’s when hope springs eternal. That certainly seems to describe the current spate of commentary with regard to the economy. No longer are the Democrats in trouble and they may in fact be catching a bit of a tail wind from the economy, or so goes the political analysis. [...]

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Where Tax Rates Need To Go

An interesting article at the Washington Post today. It dispels some myths about income taxes. You might want to consider this one: Washington spends more than it takes in through tax revenues, resulting in¬†a projected budget deficit of almost $1.35 trillion in 2010, or 9 percent of GDP, according to the Congressional Budget Office. Couldn’t [...]

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The Best Day Of The Year

The worst of a very bad winter is becoming a memory, the NCAA basketball championship game is tomorrow night, Tiger Woods returns to golf at arguably the best tournament of the year — The Masters –, all is right with the world. Oh yeah, one other thing. The Red Sox and Yankees are playing the [...]

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Can The Economy Walk On Its Own

Just when you thought it might be OK to come out of the cave, along comes Ambrose Evans-Pritchard to throw cold water on all of the nice economic news that we’ve been enjoying. The first line of his article sums up his view of things pretty nicely: The most audacious monetary experiment in modern history [...]

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A Free Market Case For Breaking Up The Banks

Arnold Kling makes a compelling case for breaking up the big banks in the interest of furthering free market capitalism. In his article he considers the loss of efficiency that breaking them up might incur as well as the effect on systemic risk, arriving at the conclusion that the adverse consequences of big banks to [...]

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Positive Trends In The ISM Numbers

Everyone is waiting for the February employment numbers tomorrow morning to put an exclamation point behind the story of a recovering economy. Personally, I think the ISM report today already took care of that bit of punctuation. Here is what ISM said: Economic activity in the manufacturing sector expanded in March for the eighth consecutive month, [...]

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