Just to annoy you all I thought I would point out how little Goldman Sachs paid in income taxes this past year. Here’s the news report from Bloomberg: Bloomberg.com: U.S. During the election campaign John McCain made much of Obama’s efforts to straighten out and make fair the income tax code. Among other points McCain […]

OK I can hear you all saying: ‘What?’. Here’s the report from MarketWatch: Yield curve flattens in wake of Fed moves, no help for banks – MarketWatch I only offer this arcane news to you as part of my ongoing attempt to simplify things. The yield curve is an expression of the relationship between interest […]

Just when you thought analysts would start to make sense here’s an article from today posted over at MarketWatch.com: When 0% isn’t low enough: Should Obama embrace inflation? – MarketWatch Now my complaint isn’t the policy recommendation: that we will most likely have to inject so much money into the economy that we inflate our […]