Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C. July 17, 2013 Chairman Hensarling, Ranking Member Waters, and other members of the Committee, I am pleased to present the Federal...
In the wake of the selloff in stocks and bonds after the Fed laid out its timetable for tapering, markets are looking to see whether they have misread the Fed. Fed Presidents Bullard and Kocherlakota have spoken and both...
I am a big believer in cloud computing. As storage and mobile bandwidth costs plummet, the ease of use that mobile devices give us makes the cloud computing compelling. The ability to access your data, your...
The Daily Telegraph produced this chart based on OECD data on housing markets around the world. It shows which markets are most undervalued and which are most overvalued on a price to rent and price to income ratio...
Gold is breaking down in a big way right now. We are well into bear market territory here. Marc Faber thinks it could fall to $1300… before rebounding. A number of noted goldbugs are talking about a Fed conspiracy....
Lakshman Achuthan, co-founder of the Economic Cycle Research Institute, was on “Bloomberg Surveillance” this morning repeating his claim that a US recession “began around the middle of last year”. You may...
It has been some time now since the ECB turned to monetisation to deal with its sovereign debt crisis. At the time, the Germans were out in full force attempting to stop the train of events and keep the ECB out of the...
This comes from El Pais, the Spanish daily newspaper (my translation below): The Organization for Economic Cooperation and Development (OECD) believes that eurozone banks still have much work to do to strengthen their...
Last year, I started my weekly subscriber newsletter out with Ten Surprises for 2012. The goal was to give Credit Writedowns Pro subscribers a list of things that investors only assigned one in three odds of occurring...
Business Insider met with Goldman’s Chief Economist Jan Hatzius and learned he is bullish on the US economy largely because he believes his Wynne Godley-inspired model of the US economy shows likely releveraging in the...