THE BIG PICTURE Today’s Big Picture view revolves around the probable coming re-regulation of the financial markets. History shows regulation of markets is similar to a grandfather’s clock pendulum swinging back and forth although not as regular. A brief look back to the start of the 20 th...
GLOBAL VIEW . Yep, when I started reading the Bloomberg newswire this morning, I found: (1) that European “retail sales declined -2.9% in April, more than three times as much as economists forecast,” (2) that March’s retail spending was revised downward from -1.6% to -2.3%, (3) that...
SCAPEGOAT BLAMING . Boy, am I’m getting tired of the carping! Day after day, article after article. All these writers seem to think there’s something to gain in blaming former Federal Reserve Chairman Alan Greenspan for the US housing bubble, the credit crisis, and in fact, all our problems. Listen,...