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Dennis Kneale Is The Biggest Idiot On CNBC
Reading Time: 2 minutesHope is the magical elixir of any rebound. – Dennis Kneale, CNBC Reports, July 1 There are a lot of idiots on CNBC (Leisman, Insana, Ratigan (formerly), Kudlow) but I think Dennis Kneale is the biggest one. His basic rationale…
Hayek Vs. Keynes Battle Rap
Reading Time: < 1 minutesThe Master Liquidity Enhancement Conduit (MLEC): A Play In One Scene
Reading Time: 2 minutesScene: Meeting between an unnamed money market manager and The MLEC (”The Entity”). Treasury Secretary Paulson is present. MLEC: Would you like to buy some of our asset backed commerical paper? Manager: Yes. But we’re fully invested right now. Maybe…
Chorus Growing For Second Stimulus
Reading Time: 2 minutesBut they should also be prepared to add to the stimulus now that it’s clear that the first round wasn’t big enough. ….. He needs to remind the country that he’s trying to steer the country through a severe economic…
Ariel Investments Founder & CEO John Rogers Beats MJ In One On One
Reading Time: < 1 minutesA Diagram Of Recent Fiscal and Monetary Stimulus On The Economy
Reading Time: 1 minuteI recently came across this diagram of recent fiscal and monetary stimulus on the economy in a scholarly paper (hat tip The Big Picture): Propping Up The Economy Graphic. As you can see, everything is under control with the pros…