Krugman nails it today. Here’s his column in this mornings New York Times: Op-Ed Columnist – The Market Mystique Therein lies the rub. Those of us who think something fundamental is wrong align with opinions like those Krugman expresses here. Clearly the Obama administration is in a different camp. My view is that finance needs […]

I have been so distracted by the various bailout plans littering Washington and the emerging budget struggles that I have forgotten to keep score on the actual economy. Since the latest and final revision to the fourth quarter data is now available let’s take stock. It was awful. Possibly the worst quarter on record. Or […]

My he’s a busy lad. Tim Geithner spent some time today presenting in a broad way – does he ever get into details? – the shape of a new regulatory structure for finance in the US. The New York Times has the reaction here: Plan for Financial Oversight Draws a Mixed Response OK. It is […]