French Caldwell

“Today, my administration is proposing a sweeping overhaul of the financial regulatory system, a transformation on a scale not seen since the reforms that followed the Great Depression,” announced President Barack Obama today from the White House.
While the changes are big, they are not as sweeping as they could have been.  Political obstacles prevented the [...]

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Pundits have pointed to the development of a new normal by describing what path the economic recovery will follow.  Some expect a traditional V-shape recovery and others a double-dip W.  George Soros once called for what might best be called an inverse square root — that is a false recovery followed by a deep slide [...]

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