Reasons to reject re-appointment of Mr Bernanke… except for one!

It may be that a Republican has won in Massachusetts. Even so, it may be imperative to reappoint Mr Bernanke as Chairman of the US Fed Reserve because alternative candidates are worse qualified for this position. (This reeks of the old adage, "a known devil is better than an unknown angel".) Better stated... 'Better the devil you know, … Continue reading Reasons to reject re-appointment of Mr Bernanke… except for one!

Following Paul Krugman… Nobel Prize Winner, Professor of Economics, Op-Ed Page Columnist.

Yes, I tend to follow his views. Can't say I understand all that he has to say, nor do I understand the intricacies of his economic theories, but most of what I understand from all that I read in his columns, I tend to concur with. This post here, is simply for my quick reference … Continue reading Following Paul Krugman… Nobel Prize Winner, Professor of Economics, Op-Ed Page Columnist.

Overuse (or misuse) of the word ‘oversight’…

For the longest time I used the word 'oversight' only while referring to inadvertent errors, or omissions resulting from 'not looking at' something. It irks me intensely when 'oversight' is used to express something diametrically opposite to this i.e. to refer to 'supervision' or 'watchful care' (the dictionary meanings). e.g. Taking the ongoing Financial Meltdown … Continue reading Overuse (or misuse) of the word ‘oversight’…

Making sense, after the gobbledegook of financial juggernauts…

In four steps, Paul Krugman presented his view of the current financial crisis: Foreclosures and defaults - a consequence of the burst housing bubble - caused a plunge in the prices of mortgage-backed securities i.e. those assets whose values are derived from mortgage payments Due to the above losses, numerous financial institutions experienced a drying … Continue reading Making sense, after the gobbledegook of financial juggernauts…