Posts Tagged ‘ protectionism ’

Smoot-Hawley Must Ride Again

Dec 29th, 2009 | By | Category: Featured, Investing Strategies, Morning Whiskey
Bring on this iteration of Depression's version of the Smoot-Hawley Act; just raising the cost of tires 150% for the Average Joe by enormous tariff increases wasn't enough to get the job done. Not even I, dear reader, chained by love twelve, fourteen, and more hours a day to my magical ...read more

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Posted in Featured, Investing Strategies, Morning Whiskey | 12 comments


Tomorrow Mark-to-Model Returns with a Vengeance

Apr 1st, 2009 | By | Category: Featured, Macro Economics, Politics
The heat is on in Norwalk, Conn., this week. The Financial Accounting Standards Board’s headquarters quakes down to its foundation as Congress bullies it toward sweeping rule changes. Those changes govern the balance sheet values of those very pesky loans and derivatives that started us on this road to crisis in ...read more

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Posted in Featured, Macro Economics, Politics | 4 comments