Posts Tagged ‘ banks ’

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Field Trip to Maiden Lane: Home at Last on the Fed’s Balance Sheet

Apr 28th, 2009 | By | Category: Featured, Macro Economics
Welcome to Maiden Lane, where the tripe vendors of Wall Street hawk their wares. Maiden Lane runs right past the foot of the N.Y. Fed, and this address hosts the most poisonous assets on its balance sheet. As any anti-Fed Reservist among you will agree, the Reserve’s balance sheet is nothing but ...read more

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Posted in Featured, Macro Economics | 2 comments


Coping with the Financial Crisis as a Kept Woman

Apr 9th, 2009 | By | Category: Featured, Macro Economics
Rumor has it that times are tough for Manhattan’s “girlfriend elite.” Now that investment banking, proprietary trading and various other seven-figure Wall Street professions are losing a digit or two, funding is drying up for high-maintenance, extra-marital relationships. During the go-go days (and nights) of the late nineties and early aughts, Manhattan’s ...read more

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Posted in Featured, Macro Economics | 7 comments


Fannie Mae and Freddy Mac for Safe Income

Apr 6th, 2009 | By | Category: Currencies, Featured, Gold, Personal Investing
For the first time since the Enron debacle, Americans finally joined hands to hate something worthwhile. Instead of worrying about the Ten Commandments on a courthouse’s steps or a Super Bowl halftime show’s costume malfunction, we had a legitimate outcry from America’s poorest 95%. AIG was greedy and people got ...read more

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Posted in Currencies, Featured, Gold, Personal Investing | No Comments »


The Fed Prints, The Government Borrows: Welcome to Planet Death Star

Mar 2nd, 2009 | By | Category: Featured, Macro Economics
Down, down, down they go. But are stocks cheap as we begin the first week of March? "They are cheap looking back," says our friend Eric Fry in California, "but they still might be VERY expensive looking forward." Ah yes, the future. What does it hold? Well, apparently more lay-offs and ...read more

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Posted in Featured, Macro Economics | 5 comments


Road Trip Through Montgomery: The Collapse of Consumerism and Suburbia

Feb 5th, 2009 | By | Category: Featured, Macro Economics
"We will not apologize for our way of life...." This unfortunate phrase from President Obama's otherwise sturdy inaugural address, echoed through my mind last week as I cruised the suburban outlands of Montgomery, Alabama. All the usual commercial furnishings of consumerist America hugged the flattish ochre and dusty-green landscape of played-out ...read more

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Posted in Featured, Macro Economics | 10 comments


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