Tag Archives: Regulation

Dumb SEC Rule and the “Land of Limitations”

Posted on August 10, 2015 by tomdoerflinger

Before 2009 wage stagnation and rising inequality were all the fault of George W. Bush and his “tax cuts for the rich.” Now that these problems have become much worse under Barack Obama, they are “America’s problem” and “a long-term … Continue reading →

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Urban Inequality – the Paris Syndrome, U.S. Style

Posted on June 12, 2015 by tomdoerflinger

After stepping off an Amtrak train in Washington DC, you drag your luggage down a ramp into a nice, modern, well-organized space with waiting areas, newsstands and mid-priced eateries, plus a few retailers such as H&M. Overhead signs instruct you … Continue reading →

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“The Policy Environment”—Bloomberg’s No-go Zone

Posted on May 24, 2015 by tomdoerflinger

A few days ago on Bloomberg Radio Tom Keene and Barry Ritholtz interviewed Stephen Stanley of Amherst Pierpont Securities, focusing on his gloomy outlook for GDP growth. Twice Stanley stated that the “policy environment” was holding back growth. First he … Continue reading →

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Blinder’s Blinders

Posted on May 18, 2015 by tomdoerflinger

In a recent WSJ article, Princeton professor Alan Blinder, formerly vice chairman of the Federal Reserve, ruminates on the decline in productivity growth in the past couple of years. He methodically runs through various possible explanations for the slowdown. Is … Continue reading →

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To Attack Crony Capitalism, GOP Should Shut Down Fannie & Freddie

Posted on March 8, 2015 by tomdoerflinger

The GOP should run to the left of Democrats on financial issues in 2016 by positioning Democrats as the party of crony capitalism. Exhibit A is Fannie Mae. Exhibit B is Freddie Mac. Both were in bed with Democratic Party, … Continue reading →

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Regulation Matters: Germany’s Green Energy Nightmare

Posted on December 1, 2014 by tomdoerflinger

Wall Street lavishly over-analyzes fiscal and especially monetary policy, while largely ignoring the economic impact of regulatory policy, despite its great importance for investors. Actually three disparate groups are guilty of this oversight: The media tends to focus on Washington … Continue reading →

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Obama’s Potomac Fever

Posted on July 30, 2013 by tomdoerflinger

In a CNBC interview JP Morgan CEO Jamie Dimon celebrated the manifold strengths of America that will drive the next economic boom: “This country not only has the best military on the planet, it has got the best universities, the … Continue reading →

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Follow-up: Regulators Gone Wild – the “Cumulative Effect”

Posted on December 4, 2012 by tomdoerflinger

Our July 9 screed on the “other Keynesian paradigm” argued that over-regulation was killing what Keynes called “animal spirits” in the private economy.  We quoted Jamie Dimon’s peroration to Ben Bernanke where Jamie ticked off a gigantic (but still incomplete) … Continue reading →

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Under the Limit – Obamacare is Creating a Part-Time Workforce

Posted on November 7, 2012 by tomdoerflinger

I talk a lot about how Obama’s new regulations are hurting employment and growth.  In my opinion economists tend to overlook the problem because A) it’s impossible to quantify and B) it doesn’t fit standard macro paradigms they studied in … Continue reading →

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