I wouldn’t put myself in the Larry Kudlow “V” shaped recovery camp, but I will admit to having become somewhat more sanguine about the prospects for a self-sustaining recovery. On balance, the numbers have seemed to paint a picture of at least a healing economy. So when I read this in the WSJ this evening […]

If you’re like me, you probably bought into the meme that the $1 trillion that was more or less committed yesterday by European nations to forestall inevitable debt restructurings amounts to their version of TARP. While TARP was originally a program to rescue the US financial system (we’ll ignore the slush fund that it degenerated […]