Information about finance, the economy and business. Entertaining and informative. Seeking Alpha Certified Mark Sunshine Chairman & CEO

Category Archive: Finance

  1. Why Can’t Economists Get It Right? Because They Don’t Go To Las Vegas

    If econ­o­mists are going to add value, they need to change how they do their jobs. Instead of stay­ing in their “Ivory Tow­ers”, econ­o­mists need to mix it up with the “reg­u­lar peo­ple” and do orig­i­nal, fun­da­men­tal, on-the-ground research. And, Las Vegas is where they should be going to gather data. Few econ­o­mists view Las […] [read full story]

    Posted in: Economic Statistics, economy, Finance, Fiscal Policy, Politics
  2. Let’s Do The Time Warp Again; Advocates of a 4.5% Mortgage Rate Must Have Come From Another Time And Place

    When I hear peo­ple talk about the gov­ern­ment essen­tially man­dat­ing that banks and Fred­die Mac and Fan­nie Mae orig­i­nate 4.5% 30 year fixed mort­gages I think of the Rocky Hor­ror Pic­ture Show and The Time Warp. Mem­bers of Con­gress and econ­o­mists who are push­ing under­priced mort­gages must be from another time and place oth­er­wise they […] [read full story]

    Posted in: BANKS, Bush Administration, Business Environment, Credit Crisis, economy, Fannie Mae, Finance, Freddie Mac, housing crisis, Mortgage, Obama, Politics, Public Policy, REGULATION
  3. This Week’s Las Vegas Capital Markets Conference Holds The Key To Restarting The Economy

      Start­ing Sun­day, the rem­nants of the secu­ri­ti­za­tion indus­try will be at the annual Amer­i­can Secu­ri­ti­za­tion Forum (“ASF”) Con­fer­ence in Las Vegas. Just as the secu­ri­ti­za­tion and secu­ri­ties indus­try led the nation into the cur­rent cri­sis, if the econ­omy is going to revive itself, this indus­try needs to lead the finan­cial sec­tor out of the […] [read full story]

    Posted in: BANKS, Credit Crisis, Economic Statistics, economy, Finance, Freddie Mac, Manufacturing, Obama, Politics, Public Policy, Securitization
  4. Be Careful What You Wish For –Chinese Currency Revaluation May Hurt America

    There is mount­ing evi­dence that a freely float­ing Chi­nese cur­rency will actu­ally drop in value and make Chi­nese exports cheaper. In his con­fir­ma­tion hear­ings, Tim Gei­th­ner espoused the U.S. “Con­ven­tional Wis­dom” that China is an unfair trade com­peti­tor because it manip­u­lates its cur­rency down in value so that its exports are arti­fi­cially cheap. The Con­ven­tional […] [read full story]

    Posted in: Asia, China, economy, Finance, Manufacturing, Politics, Public Policy, Timothy Geithner, Trade
  5. Why Can’t We Learn From History? A Joint Post by Mark Sunshine and Ira Artman

    In 1998 the cur­rent bank­ing cri­sis was both pre­dictable and pre­dicted by Con­gres­sional lead­ers and a future Comp­trol­ler of the Cur­rency. In April, 1998 the House Com­mit­tee on Bank­ing & Finan­cial Ser­vices held hear­ings where “lessons” from the 1980s bank and thrift cri­sis were dis­cussed and fears of indus­try con­sol­i­da­tion were expressed. Hear­ings tran­scripts clearly […] [read full story]

    Posted in: BANKS, Credit Crisis, economy, Finance, Ira Artman, Obama, Politics, Public Policy, REGULATION
  6. Sunshine Travel Log Blog – I Went Fishing And The Fed Slowed Money Supply Growth

    Last week­end I went fish­ing in Tokyo har­bor. The below pic­ture is my friend Masura Ono with a really big fish that he caught on his boat. Ono-san is a famous lawyer in Tokyo. He is a senior part­ner at the largest law firm in Japan as well as a law pro­fes­sor at the Uni­ver­sity […] [read full story]

    Posted in: BANKS, Deflation, Economic Statistics, Federal Reserve, Finance, Inflation, M1, M2, monetary policy, Money Supply, Public Policy
  7. Sunshine’s Travel Log Blog — The Chinese Economic Miracle May Be Unraveling

      The Chi­nese eco­nomic mir­a­cle appears to be unrav­el­ing at an alarm­ing and accel­er­at­ing pace. In just 30 years, China was able to trans­form its econ­omy from a Marx­ist bas­ket case to a global man­u­fac­tur­ing pow­er­house. But recent reports of mas­sive plant clos­ings, sky­rock­et­ing unem­ploy­ment, plung­ing exports and grow­ing social unrest are rais­ing seri­ous ques­tions about […] [read full story]

    Posted in: Asia, China, economy, Finance, Politics, Trade, Trade Finance, Travel Log
  8. Sunshine’s Travel Log Blog – Day 6 and 7, Humans for export!

    The next stop on my trek through Asia was to The Philip­pines. First Cap­i­tal has a grow­ing and vibrant office in Manila that does var­i­ous account­ing and trans­ac­tion pro­cess­ing func­tions for the rest of the com­pany. Sur­pris­ingly, the largest export prod­uct for The Philip­pines is humans. The export of young and tal­ented work­ers who send […] [read full story]

    Posted in: Asia, economy, Finance, Politics, The Philippines, Travel Log
  9. Sunshine’s Travel Log Blog – Day 5– The Land of Mao

    Around noon­time on Sun­day, I arrived in Bei­jing.  After check­ing into the hotel, I decided to get some lunch where I was given today’s edi­tion of China Daily, a.k.a., “The National Eng­lish Lan­guage News­pa­per,” estab­lished by the Com­mu­nist Party in the 1980’s.  Accord­ing to the China Daily web site, it is the most author­i­ta­tive and […] [read full story]

    Posted in: China, economy, Finance, Politics, Public Policy, Trade
  10. Financial Crisis and Reform – A Guest Blog By Marshall Sonenshine

    About a month ago Mar­shall Sonen­shine deliv­ered pre­pared remarks at the Har­vard Law School Lead­er­ship Con­fer­ence. Below are excerpts of Marshall’s words, all of which I agree with and believe deserve a wide audi­ence and dis­cus­sion. As an intro­duc­tion to Marshall’s text and so every­one has full trans­parency and dis­clo­sure, I think it is impor­tant […] [read full story]

    Posted in: BANKS, Credit Crisis, Credit Default Swaps, economy, Finance, Marshall Sonenshine, Politics, Public Policy, REGULATION, Regulatory Reform