Paper Economy

As of mid-December Treasury Secretary Paulson was “…expecting no other major financial institution to fail…” So, what about yesterday’s GMAC...

Will Bernanke and Paulson eventually both be judged by history to be tragically flawed characters? Bernanke… Expert on the Great Depression…...

Will the Paulson’s massive “catch-all” Wall Street bailout bill do the trick in stemming the panic and breaking the credit market logjam or ...

By now most of you have likely already either perused the mega-bailout bill or some summarizations of its features so I won’t dwell endless...

Today, the Bureau of Economic Analysis (BEA) released their third and final installment of the Q2 2008 GDP report showing better than expec...

Three titans of economics join Bloomberg to weigh in on the Paulson Plan. Arthur Levitt suggest that the plan is a bold and essential move t...

Make no mistake, today’s stock market plunge was as much the result of the bailouts of Bear Stearns, Fannie Mae and Freddie Mac as the absen...

CNBC is reporting that sources close to Treasury Secretary Paulson indicate that there will be NO government money available (no explicit ba...

In no particular order… Raging unemployment and the true economic malaise have only just begun and already 9% of U.S. home-debtors are eith...

With the signing of the housing “relief” act, the process has now officially begun in what will be not only the largest taxpayer bailout of ...

Here’s my crack at Nostradamusian macroeconomic analysis. In my estimation the next three systemic shocks will come in the form of job loss,...

I suppose one of the downsides of bailouts is that once you start, you just don’t know when to stop. First, its liquidity injections… then, ...

The Bush administration has got to get its story straight. On several occasions now, including as recently as last Thursday’s hearing in fr...

Seeing Housing and Urban Development Secretary Alphonso Jackson sitting next to Treasury Secretary Paulson at yesterday’s lender bailout sum...

I can't think of a more preposterous and irrational example of exuberant upside bias on the part of the Federal government then that of ...