Posts filed under “Politics”

Morgan the Fifth

Prophetic?

“2012,” he shrilled, and then fell to cackling grotesquely. “That was the year Morgan the Fifth was appointed President of the United States by the Board of Magnates. It must have been one of the last coins minted, for the Scarlet Death came in 2013.”

-Jack London, The Scarlet Plague

 

Enjoy your mid term elections . . .

Category: Politics

Economics Advances One Funeral at a Time . . .

Quantitative easing over. It is a good occasion to consider what we know about central bank intervention, when it is appropriate and when it isn’t. We have a century of broad and deep central bank history and data upon which to make our assessment. Yet we seem to ignore much of what has been learned…Read More

Category: Economy, Politics, Really, really bad calls, Taxes and Policy

Exporting Corruption

From Transparency International: The OECD Anti-Bribery Convention, adopted in 1997, requires each signatory country to make foreign bribery a crime for which individuals and enterprises are responsible. The Convention is a key instrument for curbing the export of corruption globally because the 41 signatory countries are responsible for approximately two-thirds of world exports and almost…Read More

Category: Corporate Management, Legal, Politics

Foreign fighters flow to Syria

Source: Washington Post

Category: Digital Media, Politics, Really, really bad calls, War/Defense

You Are Worrying About the Wrong Things

o, you are not going to die from Ebola. To quote a wag on Twitter, “More Americans have been married to Kim Kardashian than have died from Ebola.” But the latest scare does have a small positive: It provides me with yet another opportunity to lecture you about how incredibly dumb your lizard brain is. (It’s…Read More

Category: Investing, Politics, Psychology, Really, really bad calls

Zombie Ideas? Blame the Billionaires…

  “We are in the business of making mistakes. The only difference between the winners and the losers is that the winners make small mistakes, while the losers make big mistakes.” -Ned Davis   I began my career in finance on a trading desk. You learn some things very early on in that sort of…Read More

Category: Bad Math, Philosophy, Politics, Really, really bad calls, Regulation

King Dollar vs Euro, Yen Renminbi

click for giant graphic Source: FT   The U.S. dollar is still king of global currencies. The dollar made up 60.9 percent of foreign exchange reserves and was used in 42.1 percent of global payments. Some countries, though, contest how much influence the U.S. dollar really has. The term “exorbitant privilege,” coined by former French…Read More

Category: Currency, Digital Media, Politics

The Origins of ISIS’s Recruits

Source: New York Times

Category: Digital Media, Politics, Really, really bad calls, War/Defense

Scottish Banks Are Voting ‘Nay’

Source: Societe Generale   Albert Edwards, the insightful but not especially upbeat analyst at Societe Generale SA, writes to warn: The sequence of events which might flow from a Yes vote may be as unpredictable and as uncontrollable as those of the late 1980s in Eastern Europe, which led to the ultimate demise of the…Read More

Category: Bailouts, Politics

Presidential Job Creation

Source: The Fix

Category: Economy, Employment, Politics, Taxes and Policy