Dallas Fed

Campaign Advice That Mitt Won't Take
July 19, 2012

Take a moment to read this: Romney must know better than anyone that the folks running our big banks ... are hardly paragons of risk assessment. After all, Bain Capital, where Romney made his fortune, existed in part because worthy businesses often could not borrow on attractive terms from traditional banks. He must know two other things about these banks: They are too big to fail, and too complicated to regulate.

Campaign Advice That Mitt Won't Take
July 19, 2012

 Take a moment to read this: Romney must know better than anyone that the folks running our big banks ... are hardly paragons of risk assessment. After all, Bain Capital, where Romney made his fortune, existed in part because worthy businesses often could not borrow on attractive terms from traditional banks. He must know two other things about these banks: They are too big to fail, and too complicated to regulate.

Dimon In The Rough
May 11, 2012

So let me get this straight. JP Morgan loses more $2 billion, reportedly thanks to the recklessness of a trader nicknamed “the London Whale” and “Lord Voldemort,” and all Morgan CEO Jamie Dimon has to say is “it was bad strategy, executed poorly”? Well, no, that isn’t precisely correct. Dimon also says he remains only “barely” a Democrat because the Democrats want excessive regulations, including the so-called “Volcker Rule” banning some types of proprietary trading.

All Hat, No Cattle
June 22, 2011

Rick Perry’s phony economic miracle.

Worth Reading
November 09, 2009

Fred Mishkin: Fed shouldn't worry about asset bubbles right now. Inflation expectations have returned to a historically normal range. Study: A higher minimum wage can reduce obesity. Dallas Fed: Don't blame protectionism for the decline in global trade. Banks just as happy buying Treasuries as making loans.