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Markets
David’s weekly update on the financial markets and economy
Wall Street
Why has Wall Street turned on Obama?
I would be very surprised if National Review had a bigger supporter than I, but that is not the subject of this piece. I confess to having been disappointed in a recent piece from their very capable and gifted writer, Kevin Williamson. Essentially, Williamson contends that Wall Street is filled with shady characters ...read this post
The Most Dangerous Book I have ever Read
I committed to reading and reviewing every single serious book that is written about the 2008 financial crisis over a year ago because I am afraid of history recording lessons from the crisis that are entirely false, and because I am afraid of economists prescribing solutions that are utterly catastrophic. In a sense, my ...read this post
The Big Short Falls Short in Identifying the Cause of the Crisis
Let me get the easy part of this out of the way first. Michael Lewis is a remarkably gifted writer, and I have often found his books impossible to put down. When I first read his debut at book authorship, Liar’s Poker, I literally read it straight through. I was not alone ...read this post
Grasping at Fees: A Sure-Fire Way to Keep the Economy Bad and Unemployment High
After twelve consecutive months of telling the Wall Street firms that (a) They need to lend more, and (b) They need to lend more, and (c) The only way to fix the economy is for Wall Street to lend more, President Obama has proposed a plan to punish firms that participated in the “too big ...read this post
President Obama’s Horribly Anti-Capitalist Monday
This has not been a good day for President Obama. And I say this after he has come off of the worst summer I believe any President has had since a certain President found out about a blue dress that was not going away. Today, President Obama addressed many in the financial community ...read this post
