Four Years After AIG, Wall Street Back to its Old Tricks
> My Sunday Washington Post Business Section column is out. This morning, we look at the JPM debacle: Has the Economy been made safe from Wall Street? The short answer is not very. The print version had the full headline Four short years after AIG, Wall Street is back to its old tricks (The online version...
Mutual Funds & Managers to Avoid
> My Sunday Washington Post Business Section column is out. This morning, we look at The mutual funds and managers to avoid. Both the print and online versions shared the same headline. Here’s an excerpt from the column: “Many factors determine how well your investment returns do. The big ones are (1) how your holdings...
Step aside, old man. Let imagination lead the way.
> My Sunday Washington Post Business Section column is (belatedly) up online. This afternoon, we look at the next generation of tech entrepreneurs Step aside, old man. Let moxie and imagination lead the way. The online version was the conservative On Investing: The future isn’t grim, and it belongs to young entrepreneurs; the print print version...
Chairman Ben S. Bernanke: Some Reflections on the Crisis and the Policy Response
At the Russell Sage Foundation and The Century Foundation Conference on “Rethinking Finance,” New York, New York April 13, 2012 ~~~ I would like to thank the conference organizers for the opportunity to offer a few remarks on the causes of the 2007-09 financial crisis as well as on the Federal Reserve’s policy response. The...
Spring’s Eternal Optimism – except in Housing
> My Sunday Washington Post Business Section column is out. This morning, we look at the annual premature housing recovery. The print version had the full headline The eternal optimism of spring — except in housing; the online version had the longer Spring brings signs of hope and renewal — except in the housing market)....
A Modest Proposal (in More Than 140 Characters)
> My Sunday Washington Post Business Section column is out. This morning, we look at a pretty rad option for Apple and its cash hoard: Buying Twitter. The print version had the full headline A modest proposal (in more than 140 characters) of what Apple should do with its cash hoard. (The online version is...
Credit-default swaps are masquerading as financial products
> My Sunday Washington Post Business Section column is out. This morning, we look at CDS — how they became such a dangerous aspect of the financial firmament. The print version had the full headline Credit-default swaps are masquerading as financial products. They should be regulated as insurance products. (The online version is merely Credit...
The Robosigning Deal is a Useless Embarrassment
> My Sunday Washington Post Business Section column is out. This morning, we look at the yet another bank giveaway, the awful robosigning foreclosure settlement. The print version had the headline The robosigning deal is a useless embarrassment, while the online version is titled Foreclosure settlement a failure of law, a triumph for bank attorneys....
What Is Facebook Really Worth?
> My Washington Post Sunday Business column is out. This morning, we look at how overvalued the $100 billion dollar Facebook IPO is. The print version had the full headline What’s Facebook worth? Much less than advertised — in the online edition, it was Less than meets the eye at Facebook. Its based on my...
Explaining The Decline In The U.S. Labor Force Participation Rate
Chicago Fed Letter. “Explaining the Decline in the U.S. Labor Force Participation Rate,” by Daniel Aaronson, Jonathan Davis and Luojia Hu. March 2012, Number 296. (PDF)
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A Modern Pecora Commission ?
> My Sunday Washington Post Business Section column is out. This morning, we look at the newly impaneled Office of Mortgage Origination and Securitization Abuses. Print version had the headline A Chance for a modern Pecora Commission to right Wall Street wrongs. It’s fair to ask: Is this new task force a meaningless exercise? The article...
What Markets Say About Elections (Hint: Not Much)
> My Sunday Washington Post Business Section column is out. This morning, we look at the false claims of the pundits about what markets “say” about elections. The print version had the short headline The markets don’t care how you vote; The online version has the longer What do the markets have to do with...
