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Wallowing Along – On Purpose?

I didn’t comment on last week’s miserable GDP report because (a) it was so mediocre, and (b) it was right in line with where I have been saying we would be. In other words there was no real news. We are adrift. Rudderless, leaderless, and out of ideas our elites – political, business, and academic […]

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Sandy Weill Said What?

I must be getting old. Too old to understand English anymore. Sandy Weill, architect of Citibank’s ill advised growth, and long time advocate of the form of universal banking that brought about the crash, has just pronounced on the state of banking. And called for the break up of the big banks. Pinch me please. […]

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It’s The Wages Stupid

Such is the breadth and depth of the Romneyfication of our economy that otherwise sensible people make silly faux pas or repeat false thinking without a hint of knowledge of their error. Take Sebastian Mallaby for instance. I was pleased with his two recent articles on banking. He offered us all a strident argument for […]

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