Markets slide because of….you know reality.

My man Jarvis found a quote from a stock broker worried that and Obama election will bring economic Armageddon. Jarvis extrapolates from this quote that the markets are scared of an Obama win, hence their drop. I would like to offer an opposing theory: reality. Let’s take a look at some possible factors in the US [...]

One Bank doing it right

The Washington Post is up with a cover story on a bank that kept to its classic lending rules and is doing just fine through this economic downturn. Turns out the local customers are doing well too.

Forget the Election, want a better economy? Get back to work.

Last week on ABC Tom Friedman put forth an interesting notion. I’ll paraphrase…
We had a railroad boom and bust that devestated the economy but we got a railroad system out of it. We had a dot-com boom and bust but we got the web and internet as we know it out of it. We’ve now [...]

It’s a Bird! It’s a Plane! No, it’s SuperFed!

It seems we’ve entered the age of the the super fed. Able to engineer and finance take overs like

 JP Morgan’s purchase of Bear Sterns. Able to take over Fannie Mae and Freddie Mac at a liability of trillions, able to broker a line of credit to AIG for 80 billion dollars.
 
At the heart of Super [...]