Banks Ready with “Bag of Tricks” for Financial “Reform”
26 August 2010. By David Caploe PhD, Chief Political Economist, EconomyWatch.com As consistent readers of this site are well aware, we are not huge fans of the so-called “reform” of the US finance sector authored by President Obama, and barely...
Three Reasons Financial Services Innovation is Moving to Emerging Markets
19 August 2010. Let me go out on a limb and make a prediction; innovation in financial services will increasingly move to emerging markets as the ‘developed’ world continues to grapple with Too Big To Fail banks that need to...
New Horde of Financial Lobbyists Ex-Regulators – What A Surprise !!!
03 August 2010. By David Caploe PhD, Chief Political Economist, EconomyWatch.com We said it when we came back from a two-month stint in the States last fall: Obama’s biggest problem is relying too much on self-interested middlemen to do...
“Frontier Markets” Attract Fast-Growing Investment
26 July 2010. THREE years ago, when Joseph Rohm, manager of the T. Rowe Price Africa and Middle East fund, visited Lagos, the capital of Nigeria, he was chaperoned by guards carrying semiautomatic weapons. These days, he strolls the streets...
Chinese Banks Using Goldman-Greece / Lehman-Repo 105 Tricks ???
21 July 2010. By David Caploe PhD, Chief Political Economist, EconomyWatch.com. Consistent readers of Economy Watch are aware we have been more than hard on the shenanigans of US investment banks, notably Goldman's rampant tricks with Greece - which played a...
Goldman Fine – Thanks to You, SEC and President Obama !!!
19 July 2010. By David Caploe PhD, Chief Political Economist, EconomyWatch.com Well, it’s not supposed to be nice to say “we told you so” – but just about three months to the day, on the ever-auspicious 4/20, 19 July 2010....
AIG Bailout: Corrupt, Regulator-Organized Gift to Few Privileged Banks
08 July 2010. By David Caploe PhD, Editor-in-Chief, EconomyWatch.com I – Saving AIG ??? When the government began rescuing A.I.G. from collapse in the fall of 2008 with what has become a $182 billion lifeline, it was required to forfeit...
What Depression? Private Equity Firms Have TOO MUCH Money
1 July 2010. Only on Wall Street, in the rarefied realm of buyout moguls, could you actually have too much money. Private equity firms, where corporate takeovers are planned and plotted, today sit atop an estimated $500 billion. But the...
“Down Home” Derivatives: It’s Athens, Georgia Too, Not Just Greece
07 June 2010. 07 June 2010. By now, pretty much anyone reading this is aware of the destructive role played by derivatives - largely, although not exclusively purveyed by Goldman Sachs - in creating the mess in...
Buffett AGAIN DoubleTalks re Derivatives, Credit Ratings Agencies
03 June 2010. Warren Buffett, the alleged Oracle of Omaha, is supposed to be the investment apostle of the writers' cliche, "write about what you know." But on Wednesday, St. Warrren of Buffett testified that he did not know all...
Nightmare on Wall Street: Shocking, But Not Surprising
7 May 2010. By David Caploe PhD, Chief Political Economist, EconomyWatch.com. It's now approaching 8 am in Singapore, and, as is my unfortunate wont, I still haven't been to sleep, although the writing is usually over by this time ;-) ....
Buffett Angle Heightens Goldman Mystery, Stakes
3 May 2010. By David Caploe PhD, Chief Political Economist, EconomyWatch.com3 May 2010. By David Caploe PhD, Chief Political Economist, EconomyWatch.com While well-known to Americans and those who trade in US equities, many non-American readers of this site may not...
GE Capital, Jack Welch and Jeff Immelt: A Tissue of Lies & Subterfuge?
08 April 2010, By David Caploe PhD, Chief Political Economist, EconomyWatch.com What follows are the contents of two emails, received by me via my friend Richard Martin, 08 April 2010, By David Caploe PhD, Chief Political Economist, EconomyWatch.com 08 April...
China: Rio Tinto Convictions Imply Belief in Continued Growth
30 March 2010. By David Caploe PhD, Chief Political Economist, EconomyWatch.com When four executives from Rio Tinto, the giant Anglo-Australian mining company, were arrested last July on charges of stealing commercial secrets, as well as taking and receiving bribes from...
China: Krugman, New York Times Editorial, Beltway Gang ALL Wrong re Currency Devaluation
Conventional academic economics is a disease.Despite its pretensions and mathematical “certainties,” there is no branch of social science more dis-connected from its alleged subject matter than economics – and that is saying something, something not good. [br] Conventional academic economics...