TODAY’S raid by Federal agents on the Nahmad Gallery should be viewed as a small part of the puzzle leading to heavy regulatory controls on the entirety of the art industry. Art and art-related transactions have remained relatively untouched by either Federal or local governments. The raid on Nahmad Gallery is the first significant step in what [...]
Happy New Year to all. A lot of fanfare and hoopla about a non-existent debt ceiling has captured the imagination of the press, the Tea Party, and even the President. The United States of America is more than three trillion dollars from the so called “Debt Ceiling.” Why? A sidebar of the Fed’s massive giveaway [...]
The banking and mortgage placement community is earning more than ten times the norm on new mortgages entered into today! It works like this… The institution grants a mortgage at a 3%-4% spread from their cost of money. Their cost of money is, more or less, zero, thanks to Fed policy. The mortgage is then [...]
We have finally figured out the one issue on which Governor Romney is consistent: War. Make economic war on China for providing goods to the world less-expensively and more efficiently than anyone else. Make war in the Middle East economically and otherwise for those countries not sharing our political and religious views nor, any longer, [...]
April 8, 2008: “A Real Rescue Plan” by Asher Edelman August 13, 2012: “The One Housing Solution Left: Mass Mortgage Refinancing” by Joseph E. Stiglitz and Mark Zandi In April of 2008 we put forth a plan to improve the economy through profitable government assistance to homeowners. Today, August 13, 2012, the plan was put forward under [...]
Asher Edelman can be described as standing, prominently, between 2 worlds. His Wall Street career, beginning in the 1960′s, in investment banking, money management and derivatives trading not only brought renown but enabled him to build significant collections of contemporary and Modern art as well as antiquities. In the same year, 1988, that he famously taught [...]
Of the €400 billion plus in rescue funds loaned to Greece all but €15 billion went to assist the banks. Almost all of what was received by the banks was recirculated to the sovereign coffers. The emergency loan pledged to Spain of up to €120 billion is earmarked to aid the banks who, in turn, will re-lend most [...]
by Asher B. Edelman In April of 2010 I wrote my first note about Greece in which I suggested that €30 billion would not solve or even impact the Greek problems. In that same letter I suggested three possible courses Europe, the IMF and the rest of the world might take, the third being the [...]
by Asher B. Edelman – I don’t think so! In the last one hundred years Germany has made two attempts to own, control and dominate Europe. Each has been repulsed. Can this third attempt succeed? I don’t think so! France, as has always been the case, is the weak sister concealing its own financial disaster; [...]
Dear Friends, today the Occupy Wall Street protesters were evicted from Zuccotti Park. Regardless of one’s political or economic persuasions, this act will be seen as having been cavalier and performed without thoughtful examination. What was a peaceful protest against the banking community and our government, who has donated and continues to donate tax payer [...]
