Daily Archives: June 28, 2011

Kansas City Fed President Thomas Hoening’s speech yesterday is one of the most encouraging things I had heard from a central banker in a couple of decades: “…I suggest that the problem with SIFIs is they are fundamentally inconsistent with … Continue reading →

It’s important to keep a sober assessment of the latest hopes for Greece miracles: “France’s new plan to rescue Greece and forestall the looming global financial crisis has one important thing in common with all the previous efforts: It won’t … Continue reading →

A beauty from the Wall Street Journal today: “stocks rose, buoyed by increased optimism that a solution will be found to Greece’s debt problems.” And for an encore…tomorrow we are expecting to receive proof that there is a Tooth Fairy.