Pieces Of The Puzzle (unfinished)
(This is entry is unfinished. I still need to add explanation. I am traveling on Sunday and will update this entry in 24-36 hours.) An Analysis of Bank Failures : 1984 to 1989 (emphasis mine) [my comment] … regulators also must cater to a political clientele who are intermediate or competing principals. As illustrated by the cases of Lincoln Savings and Loan in California and Vernon Savings and Loan in Texas, the political costs to the regulator of closing insolvent institutions can be quite large. Principal-agent problems also arise from the post-government career opportunity set facing a regulator. As Kane (1989) points out, individual regulators have incentives to not take actions in the public’s interest if they are…

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Finished my stay in Tambov and am headed back to Moscow on overnight train. I will post pictures and details of trip tomorrow. ——————————– I am also plan on further exploring the theme that the financial crisis is the result of “the promotion of deregulation and aggressive, expanded...
Yet another busy day awaits forex traders. Economic indicators might be overshadowed by many political events today. Here’s what’s expecting us today: Apart from scheduled events, US President Barack Obama will make an important speech in his “State of the Union” address. He is expected to talk about the economy after one...
The Wall Street Journal reports that food costs push up asia inflation . (emphasis mine) [my comment] FEBRUARY 10, 2010, 3:47 P.M. ET Food Costs Push Up Asia Inflation By ALEX FRANGOS HONG KONG— The rising cost of food is driving Asian inflation rates higher, increasing the stakes for a successful harvest this year in a region still bruised...
I have been researching “The Litigation Explosion”. Below are some of the articles I intend to blog about in greater detail later. (emphasis mine) [my comment] http://www.triallawyersinc.com/kstreet/kstr02.html#02 INTRODUCTION POLITICAL POWER How Trial Lawyers, Inc. Became Washington’s Most Influential Business Lobby … The Rise of...
Please excuse the lack of activity these last few days. I have had some non-blog things to take care of. I have also been doing a lot of the research which is very technical in nature (about the workings of the security settlement system for example) and would require significant explanation to make understandable. Tomorrow I will try to put together...
As I outlined in my last two posts, the Dollar could witness a rapid appreciation if/when the Fed finally raises interest rates. Given Chairman Bernanke’s frequent erring on the side of inflation, however, it could be months (at the earliest) before the Fed actually pulls the trigger. With forex markets guided by interest rate differentials,...
Nogger gives us A Quick Christmas Summary . Monday, 28 December 2009 A Quick Christmas Summary There is no trade today, Monday, on the London market – although Paris and the overnight eCBOT markets are open and trading will recommence on CBOT tonight. Thursday’s CBOT closes saw January soybeans close 1 3/4 cents lower at USD9.99 1/2,...
Over Christmas, I installed some software on my laptop and something went wrong. My computer wouldn’t boot (hard drive boot sector got corrupted somehow), and, to get it running again, I needed the custom Windows XP installer dvd I made using nLite, which I had left back in the states. So for the last three weeks, I have been using my father’s...
Sorry for the lack of updates. I wanted to do a quick entry showing what I have been up to. I use outlook to blog, and, as you can see in the picture below, a lot of unsent emails have accumulated in my Drafts folder. Here is a picture of my Drafts folder showing the most recent email I have been working on. Below is shows the title of the emails...
If the economy was a person, then the producing sector (agriculture, manufacturing, mining, etc) would be its “income”. If the service sector is much smaller than the producing sector (like China today or the US one hundred years ago), then a country is living below its means (net saver). If the service sector is much larger than the producing...
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