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Economic and Climate Models

I compare and contrast here. I’m going to go out on a limb and guess that some commenters here will wonder what business I have writing on this topic.

Some Specificity on the Involuntary Billions Going Into Healthy Banks

Robert Wenzel explains: Citigroup and JPMorgan Chase were told they would each get $25 billion; Bank of America and Wells Fargo, $20 billion each (plus an additional $5 billion for their recent acquisitions); Goldman Sachs and Morgan Stanley, $10 billion each, with Bank of New York Mellon and State Street each receiving $2 to 3 […]

"Biggest One-Day Surge in the Stock Market Since 1933"

So reads the headline at CNBC, after an 11% day. And we all know that 1933 was the light at the end of the tunnel.

Kashkari: Treasury Plan Will Inject Capital Into Healthy Banks

The storyline is changing so fast, that even expert conspiracy theorists like Robert Wenzel and me are having trouble keeping up with it. Now, ex-Goldman honcho Neel Kashkari (tapped by Paulson to distribute the $700 billion booty) explains that the Treasury plan to recapitalize banks will focus on healthy institutions. Everyone got that? Remember, the […]

Irving Fisher on Fox News Tells Everyone Not to Panic

This is almost too good to be true, like how you could listen to Bill Hicks rip Bush’s invasion of Iraq even though Hicks was long dead.* (HT2 Tim Swanson.) * Hicks’ comedy routine was based on the first Gulf War, but all the people were the same so it carried over almost seamlessly. The […]

The Feds Declare Bank Holiday!!

I have been warning Free Advice readers for weeks to watch out for a bogus crisis in order to whip the people back into line; how dare they oppose the Paulson Plan! Well, it’s a Monday. The grocery stores are open. The malls are open. But try getting your rare coins out of your safe […]

Blatant Contradictions From Larry Kudlow

I have always liked Larry Kudlow. When I was growing up as a budding free marketeer, there was a natural disaster (I don’t remember which one) and everyone was calling for the president (must have been Reagan) to disburse disaster assistance for rebuilding. I didn’t like that answer, but I didn’t know how to argue […]

Larry Kudlow Sells Out Even More

On Friday the WSJ ran a truly awful op ed that blames banking crises on Thomas Jefferson (I’m serious); I have done my best to organize a response. And yet Kudlow praises the article. Kudlow goes on to explain: Paradoxical as it may be, strong government actions to stabilize banking are necessary to preserve the […]