December 16, 2019
?A REPEAT?
THE U.S. DEFICIT IS NOW BEING FUNDED BY THE FEDERAL RESERVE THROUGH THE REPO MARKET. WHICH MEANS: THE U.S. GOVERNMENT IS PURCHASING U.S GOVERNMENT DEBT EQUAL TO CURRENT ISSUANCE BY…
All posts in: Economics
April 30, 2018
Is Stock Market Volatility Good for the Art Market? – Bloomberg Edelman’s no longer so sure about a direct correlation. Despite record gains in the stock market, he says, “the last three…
November 03, 2016
Levy Economic Institute
Dear Friends, I am writing this note in the hope that you, like me, will have an interest in sponsoring one of the few institutions of fair-minded economic thinking. The…
October 05, 2016
CounterPunch: How the Economy Loses under Trump or Clinton
by Michael J. Sainato Oct. 5, 2016 Famous Wall Street Investor Asher Edelman served as the inspiration for the character Gordon Gekko, played by Michael Douglas in the 1980’s Oliver Stone…
September 09, 2016
“Portugal Reforms Not Gone Far Enough to Ensure Financial Solidity”
In September 2015, we wrote China? Oil Prices? Saudi Arabia? Iran? Why Volatility? The Grand Surprise Part II where we said “the depth of European Banks’ illiquidity and careless lending…
August 01, 2016
The Brits Were Visionary
The U. S., which seems involved with all world issues should probably focus with its EU allies on assisting in the needed solutions, much more meaningful to America and its people than all the Middle East and other wars we are fighting. Helping the EU will also be less costly than the various expensive warrior activities.
July 29, 2016
European Banking (Portugal)
With one exception all of the Portuguese banks including Caixa Geral, the government owned bank, are technically bankrupt and insolvent.
July 25, 2016
Eurozone Banking
We have often written of the difficulties of the Eurozone Banking System (See China? Oil prices? Saudi Arabia? Iran? Why Volatility? The Grand Surpise Part Two, January 12th 2016, Octavian…
July 15, 2016
8 Countries Where Rampant Inequality Has Led to Violence
Dear rich people: drastic inequality is bad for everyone, even you. By Alex Henderson / AlterNet, July 14, 2016 Asher Edelman, the former Wall Street tycoon who was the model for Gordon “Greed Is…
July 06, 2016
A Misguided Banker
I read with interest a Bloomberg article entitled “Italy Could Spark European Bank Crisis.” The article quotes Societe General Chairman Lorenzo Bini Smaghi as saying that “governments must accept…
