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Category Archive: FOX BUSINESS NETWORK

  1. SEC Is Bothering With 2007 Citigroup Disclosure" rel="bookmark">Why The SEC Is Bothering With 2007 Citigroup Disclosure

    Last week while appear­ing on FOX Busi­ness Net­work I was repeat­edly asked why the SEC was both­er­ing with a civil enforce­ment action against Cit­i­group for alleged bad 2007 mort­gage port­fo­lio dis­clo­sure. My FOX Busi­ness friends thought that the SEC’s action was dumb because the U.S. Gov­ern­ment is the largest stake­holder in Cit­i­group and effec­tively con­trols […] [read full story]

    Posted in: economy, Finance, FOX BUSINESS NETWORK, Politics, REGULATION, SEC
  2. Money Supply and Economic Data Weekly Watch – The Next Crisis Is On The Horizon

    Even while the Fed and Trea­sury are fight­ing defla­tion and a seri­ous reces­sion, they are lay­ing the ground work for a new liq­uid­ity bub­ble with the poten­tial for dev­as­tat­ingly high infla­tion. While the cur­rent news is dom­i­nated by reces­sion­ary GDP, falling con­sumer con­fi­dence, bank­ing res­cues, incred­i­ble stock mar­ket volatil­ity and frozen short term money mar­kets, […] [read full story]

    Posted in: BANKS, Bernanke, Deflation, Economic Statistics, economy, Federal Funds Rate, Federal Reserve, Finance, Fiscal Policy, FOX BUSINESS NETWORK, Inflation, Leverage, Liquidity Trap, M2, monetary policy, Money Supply, REGULATION, Treasury
  3. Sorry, big Federal spending doesn’t restore confidence. Five common sense confidence builders.

    Last Fri­day evening I was a guest on FOX Busi­ness and was asked if I thought whether the Paul­son Plan (which had just been approved by the House of Rep­re­sen­ta­tives) would improve con­fi­dence. The answer is an uncon­di­tional NO. Con­fi­dence is an expres­sion of trust in the integrity and wis­dom of our sys­tem and its […] [read full story]

    Posted in: Accounting, Confidence, Criminal Law, Finance, FOX BUSINESS NETWORK, Paulson
  4. Money Supply and Economic Data Weekly Watch – Smokey the Bear Says, “If you start a fire, put it out. Only you can prevent wildfires.”

      OK. I admit it. Nei­ther Ben Bernanke nor Hank Paul­son looks like Smokey the Bear (although Smokey does resem­ble my dog, Kelly). But like fire­fight­ers try­ing to save the for­est, the dynamic duo are fever­ishly try­ing to save the U.S. econ­omy from an eco­nomic wild­fire by drown­ing the cri­sis with liq­uid­ity. Every week I […] [read full story]

    Posted in: BANKS, Bernanke, Credit Crisis, Deflation, Economic Statistics, economy, Fannie Mae, Federal Funds Rate, Federal Reserve, Finance, FOX BUSINESS NETWORK, Freddie Mac, Great Depression, Inflation, M1, M2, monetary policy, Money Supply, Paulson
  5. Are We There Yet? No Way! (And How to Know When We Are There)

    Given the events of the past few days it is once again time to exam­ine the immor­tal ques­tion posed by chil­dren and traders alike, “are we there yet”? Nope, not yet, we aren’t there yet, not even close. The bot­tom hasn’t been found in the credit mar­kets or the stock mar­ket and, unfor­tu­nately, we still have […] [read full story]

    Posted in: AIG, BANKS, Credit Crisis, Economic Statistics, economy, Fannie Mae, Federal Reserve, Finance, FOX BUSINESS NETWORK, Freddie Mac, Lehman, Seeking Alpha, Stock Market
  6. Money Supply and Economic Data Weekly Watch – The Fed’s Next Move Will Be To Increase Money Supply

    While most of the busi­ness media is focus­ing on Lehman and trou­bled finan­cials, they are for­get­ting about next week’s Fed meet­ings and how mon­e­tary pol­icy will respond to the cri­sis. After almost 6 months of shrink­ing real money sup­ply (nom­i­nal money sup­ply adjusted for infla­tion), Fed pol­icy mak­ers are going to decide whether to push […] [read full story]

    Posted in: CPI, Credit Crisis, Deflation, Economic Statistics, economy, Federal Funds Rate, Federal Reserve, Finance, FOX BUSINESS NETWORK, Hoover Adminstration, Inflation, M2, Milton Friedman, monetary policy, Money Supply
  7. HELPAMERCIA FOUNDATION HONORS THE MEMORY OF FALLEN AMERICANS" rel="bookmark">9–11 HELPAMERCIA FOUNDATION HONORS THE MEMORY OF FALLEN AMERICANS

    On the 7th anniver­sary of the 9/11 attacks we need to remem­ber how lucky we are to live in the United States and the ter­ri­ble sac­ri­fice that many have paid to defend our free­doms. First Cap­i­tal has decided to honor the mem­ory of fallen Amer­i­cans by pro­vid­ing finan­cial back­ing and sup­port to the 9–11 Hel­pAmer­ica […] [read full story]

    Posted in: 9-11 HelpAmerica Foundation, 9/11, Charles Payne, Connell McShane, FOX BUSINESS NETWORK
  8. MAN IN THE STREET: WHY NOT PROSECUTE CEO’S?" rel="bookmark">MAN IN THE STREET: WHY NOT PROSECUTE CEO’S?

    This morn­ing I was a guest on FOX Busi­ness Net­work. FOX pro­vided a car and dri­ver to take me to the stu­dio. The dri­ver imme­di­ately started quizzing me on what I was going to talk about on tele­vi­sion. When I told him I would dis­cuss bank­ing and pub­lic mar­kets and that I am a for­mer […] [read full story]

    Posted in: Cox, Credit Crisis, Disclosure, Finance, FOX BUSINESS NETWORK, SEC
  9. ECONOMISTS NEED TO CHECK FACTS BEFORE SPEAKING OUTTHE FED IS DOING A GREAT JOB" rel="bookmark">ECONOMISTS NEED TO CHECK FACTS BEFORE SPEAKING OUTTHE FED IS DOING A GREAT JOB

    Many “econ­o­mists” spent the last 9 months scream­ing that the Fed­eral Reserve’s inter­est rate pol­icy was going to ignite run­away infla­tion. These talk­ing heads were so inter­ested in lis­ten­ing to them­selves that they for­got to check the data and see whether Fed­eral Reserve pol­icy was infla­tion­ary or not.  As it turns out, since the mid­dle of […] [read full story]

    Posted in: Bernanke, Federal Funds Rate, Federal Reserve, Finance, FOX BUSINESS NETWORK, Inflation, Jenna Lee, monetary policy, Money Supply
  10. MONEY SUPPLY AND ECONOMIC DATA WEEKLY WATCH (Part 1 – Money Supply and Federal Reserve Action)" rel="bookmark">MONEY SUPPLY AND ECONOMIC DATA WEEKLY WATCH (Part 1 – Money Supply and Federal Reserve Action)

    Money Sup­ply and Fed­eral Reserve Action Money sup­ply increased at a good pace dur­ing the week end­ing July 21st. Even so, M2 still remains less than 1% greater than the level achieved the week end­ing March 24th. While money sup­ply growth was strong dur­ing the third week of July, for the trail­ing 13 weeks money […] [read full story]

    Posted in: BANKS, Bernanke, Bush Administration, Credit Crisis, Federal Reserve, Finance, FOX BUSINESS NETWORK, Inflation, monetary policy, Money Supply