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    Commentary, Economics /

    The State of Everything

    October 20, 2011

    I have been mightily diverted by technological and personal matters recently and so am struggling to catch up. As I do so one theme has stood out: exhaustion. We are exhausted. Morally, intellectually, politically, and every other way. We seem to have fought our way into a state of enforced lassitude within which we can […]

    Economics / bailouts, bank reform, banking, Gene Fama /

    Break Up The Banks

    October 20, 2011

    Before they break us up. Again. I have stayed away from discussing the banks in recent months largely because I consider the solution to our banking problems to be self evident. They’re too big. Make them smaller. Arcane debates over capital ratios, naked CDS prohibitions and other bureaucratic responses are all small fry and akin […]

    Economics / Federal Reserve Board, real estate, recovery, unemployment /

    Stutter Applause?

    October 19, 2011

    Since when did we all get excited over mediocrity? I have been suffering from all sorts of technology problems this week and so have been more an observer than a commenter on latest trends. I have learned that it is quite possible to drop out of the daily grind of data and not miss anything. […]

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