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    Economics / bank reform, Bush, defense spending, deficits, Federal Budget, fiscal policy, GDP, inflation, Medicare, Obama, recovery, Social Security, stimulus /

    The Budget and Other Fiction

    February 14, 2011

    Rule one of US budget watching: the President’s budget is never, never, worth the paper it is printed on. It is more of a suggestion. It is a helpful guideline to lay down the boundaries within which the President tries to negotiate with Congress. If that Congress is intransigent, as it is an a big […]

    Commentary /

    Pentagonal Theory – A Report From Denver

    February 14, 2011

    In jest, and from Denver: I know many of you didn’t attend the recent annual meeting. But you are lucky: I did. Yes, I was able to spend a day at the Congress of North American Chemists where the orthodox pentagonal theory of chemistry, sometimes referred to as New Chemistry or Neoclassical Chemistry, is the […]

    Economics / bank reform, banking, home prices, real estate, regulation /

    All Change In Real Estate?

    February 11, 2011

    Lost amid the euphoric scenes coming to us from the Egypt was today’s release by the government of its suggestions for change in the structure of US housing policy. It seems that big changes lie ahead for the US housing market, with many of the results of those changes very uncertain. The primary basic thrust […]

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