Gibson Guitars: A Great American Company
Is over-regulation killing American industry? From NPR: In the hottest part of an August Tennessee day last Thursday, Gibson Guitar CEO Henry Juszkiewicz stood out in the full sun for 30 minutes and...
View ArticleCan I Have a Bailout?
Am I about to get regulated? From Zero Hedge: SocGen’s Todd Martin, who is the bank’s Asia equity strategist, appeared on Bloomberg earlier today to discuss the Volcker Rule and prop trading, against...
View ArticleMore Evidence That Austerity During Depressions Works
Sorry, no. I am being sarcastic. From Bloomberg: The U.K. economy shrank in the first quarter as construction output slumped, pushing Britain into its first double-dip recession since the 1970s and...
View ArticleCan Banking Regulation Prevent Stupidity?
In the wake of J.P. Morgan’s epic speculatory fail a whole lot of commentators are talking about regulation. And yes — this was speculation — if Dimon gets to call these activities “hedging portfolio...
View ArticleToo Big To Understand
One thing that has undergone hyperinflation in recent years is the length of financial regulations: The Dodd-Frank regulatory hyperinflation crowds out those who cannot afford teams of legal counsel,...
View ArticleWhen Is Austerity Necessary At The Treasury?
I have made clear in the past that I believe that the time for austerity at the Treasury is the boom, not the slump. However this is a very general and non-specific definition. I want to be a little...
View ArticleYou should need a license to take out a mortgage
In The Atlantic, Moisés Naím points to a recent study that poses three simple questions on personal finance: 1. Suppose you had $100 in a savings account and the interest rate was 2 percent per year....
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