On 60 minutes Michael Lewis stated that the market is rigged. And he is right. But when asked by whom, he replied by the exchanges and HFT players. Of course he is right the market IS rigged. But I worry less abut HFT “rigging” the market than I do the Fed. The market IS rigged. […]
Russia is amassing troops along its border with Ukraine. The fear is that Putin, not satisfied with the Crimea, will also move to annex the more russified areas of Eastern Ukraine. The West can take measures financially and through trade and other sanctions that will hurt Russia, and it should do so, but I doubt […]
<sarc>I just get such a warm fuzzy feeling when the mellifluous and trustworthy voice of Fred Thomson warbles on about how the reverse mortgage from AAG is the answer to seniors problems. He reassures you that there is no risk. I mean Reagan signed it into law so it must be OK he gently asserts. […]
What does one do when one’s home government has become completely untethered from the principles that anchored it historically? When it has become a menace to those it rules as well as everyone else outside its jurisdiction? I sure do not have the answer. But I am sure that it has become so untethered. We […]
I thought everything would be OK with Kerry as Secretary of State because I thought there would not be any serious issues before he and Obozo left office. Oops. Vlad the Impaler put the kaibosh on that one. It is like a bad joke watching Kerry spew his clownish nonsense. But I am left wondering, […]
The talking heads on the business shows are agog at the collapse of Copper prices this week as Chinese export data fell hard. It should be no secret that China’s leaders are trying to deftly deflate a credit bubble there before it brings their whole economy down – and with it potentially the Communist Party. […]
Using the power of the state to threaten, harass and intimidate political opponents is certainly at or near the top of the list of those actions which would qualify as High Crimes and Misdemeanors, sufficient to stand as cause for the impeachment of the Chief Executive under our nearly forgotten US Constitution. As the IRS […]
During the financial implosion of 2008-2009, the Fed was faced with the insolvency of most if not all of the large institutions it exists to service. Recall that the creation of the Fed grew out of the experiences of bank runs in the late 1800s and early 1900s, specifically the Panic of 1907. During that […]