Bernard Watcher 2

Imperfect Financial Markets

The NewScientist in its July 25,2009 issue has an essay by Dr. Terence Kealey, Falling out of love with market myths. The essay advances the argument that conservative Economic theories are derelict. These theories were barely tenable originally, have dwindled in efficacy with the emergence of huge secret/shadow and non-transparent financial markets from derivatives through

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Doing More than Blowing Financial Bubbles

In his NYTimes article, the Joy of Sachs, Paul Krugman underlines one of the fundamental business problems confronting the US. Is  the US Government going to continue to “invest” in the Financial Industry by not making any meaningful regulations? Is the US going to allow crowding out of other industries by not controlling Financial compensation

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Deal or No Deal: The Arguments Against Any Meaningful Financial Reforms

The Deal.com has a story about the Nature of Financial Reform in view of the World Credit Crisis which basically argues that reform in the US is hopeless because a)the regulators become captured by the very financial markets they are supposed to control and b) competitiveness of US financial firms will be jeopardized by regulations

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Energy Innovation: A Nuclear Parable

Nuclear Power has a strong lure to policymakers. It is “clean”, does not dent oil reserves, and its operating costs can be close to cost competitive as long as uranium prices don’t spike. But there are some real downside problems; and the Canadian and Ontario Governments are learning this lesson in spades. The Canadian government

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Has Too Much of the Financial Community Gone Over to the Dark Side ?

The question confronting the Obama administration, Treasury Secretary Tim Geithner,  and its financial regulators is whether too much of the Financial Community has gone over to the Dark Side. This notion has two possible interpretations. Information Dark Side – The first idea posits that financial institutions have now become dependent on having corners on the

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US Financial Reform Options

There is a consensus that Financial Reforms in the US are necessary and various Obama administration officials including SEC Chairman Shapiro, Treasury Secretary Geithner and the President himself have acknowledged the need. Certainly the US and the rest of the world can ill-afford another “financial bubble” exploding in the next 5-10 years. Simply the ability

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RTP: Financial Kid Glove Treatment by Obama Admin

In the previous posting, the notion that the Obama Admin is seriously caving in on Financial Reforms has been advanced. An RTP – Required To Prove series of references is needed. Here they are: DealScape – Says WSJ is fleshing out a story that shows real financial structural reform is out NYTimes+Deal.com –  discussion of

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Obama Contrarian: Financial Kid Glove Treatment

President Obama is being touted for a)eliciting opinions from all players in the policy room and b)allowing (if not encouraging) contrarian opinions in policy debates. This is what the Obama Contrarian  series of postings will be about. This first posting is about the kid glove treatment the Financial Community appears to be getting from the

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