Update on the Fed’s $123 billion in emergency lending to AIG. For those intrigued by my credit default swap post, there is a good article in yesterday’s New York Times. The article asks, “where are the funds being lent to AIG by the Fed going within the company” The American International Group is rapidly running [...]
Entries from October 2008
October 31, 2008
Credit Default Swaps, AIG, and the Fed – Will $123 Billion Be Enough?
Filed under Economics, Finance, Politics, Tax Policy, Taxes, election
Tags: bailout, Barak Obama, biden, books, business, capital, credit, credit default swap, credit markets, current events, economic policy, Economics, economy, election, election 2008, events, federal reserve, finance, jobs, John McCain, McCain, news, Obama, Palin, panic, personal finance, Politics, stock market, stocks, Tax, Tax Policy, Taxes, thoughts
October 30, 2008
It’s an Especially Good Year to Be a Wealthy High School Senior
How the Credit Crisis Will Make it Easier for Rich Kids to Get Into Their College of Choice You may have heard that a male student interested in the humanities has a better chance of being accepted to a prestigious liberal arts college than a comparably qualified female candidate. How about the tale of the [...]
Filed under Economics, Finance, Politics, Uncategorized
Tags: admission, admissions, application, Barak Obama, budget, business, college, college cost, cost, economic policy, education, education policy, equality, finance, harvard, higher education, Income, inflation, investments, Iraq, John McCain, McCain, Obama, personal finance, Politics, princeton, public policy, school, stanford, Tax, Taxes, university, wealth, yale
October 29, 2008
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Filed under Uncategorized
Tags: Barak Obama, business, credit, credit default swap, credit markets, economic policy, Economics, economy, flat tax, jobs, John McCain, McCain, money, Obama, ohio, pennsylvania, Politics, polititics, stock market, stocks, Tax, Tax Policy, Taxes
October 29, 2008
What is a Credit Default Swap and Why Should I Care?
Credit Default Swaps – A Primer A credit default swap is a type of credit derivative. Credit derivatives “derive” their value from an underlying credit instrument; generally the bonds of sovereign nations or the bonds of a corporate entity. In recent years, credit derivatives have been created that are based obligations rather than entities; one [...]
Filed under Economics, Finance, Politics, Taxes, business, election, public policy
Tags: Barak Obama, biden, budget, business, CDO, credit, credit default swap, credit markets, economic policy, election, election 2008, finance, flat tax, florida, Income, income tax, investments, John McCain, McCain, meltdown, Obama, ohio, Palin, panic, pennsylvania, personal finance, Politics, public policy, stock market, stocks, Tax Policy, Taxes, warren buffett
October 24, 2008
Nouriel Roubini’s Predictions get Freaky
Yesterday I wrote about Professor Nouriel Roubini’s predictions for continued stress in the U.S. economy. Roubini is predicting a prolonged recession lasting two years or longer. While I was writing, Roubini was in London predicting wide-spread market panic that would require a suspension of trading and temporary closure of the markets. (Video) and (Article) Panic, [...]
Filed under Economics, Finance, election
Tags: Barak Obama, business, capital, credit, credit markets, election, election 2008, finance, jobs, John McCain, markets, McCain, meltdown, panic, personal finance, stock market, stocks
October 23, 2008
Obama and McCain – Where do they Stand on Immigration Reform?
You could be forgiven if you don’t know where the candidates stand on immigration. With the financial market meltdown in full swing and a full-blown media circus surrounding $150,000 shopping sprees and fair-weather fans, the press hasn’t had much time to talk about immigration. The Brookings Institution has published this fact sheet comparing the candidate’s [...]
Filed under Politics, election
Tags: arizona, Barak Obama, business, california, economic policy, election, election 2008, florida, Immigration, issues, jobs, John McCain, McCain, new mexicao, Obama, Politics, polititics, public policy, wages
October 23, 2008
Recession Will be Three Times Deeper than Recent Ones – NYU Economist Nouriel Roubini’s Grim Economic Outlook
The worst is still ahead… Nouriel Roubini, (aka Dr. Doom), has been amazingly prescient with his accurate predictions of how the credit crisis would unfold. He spoke at an NYU-Stern School of Business Panel last week and predicted the financial-market meltdown would trigger a prolonged recession lasting 18-24 months and quite possibly more. He said [...]
Filed under Economics, Finance, Immigration, Politics, Tax Policy, Taxes, election
Tags: Barak Obama, biden, business, economic policy, Economics, economy, election, finance, housing, John McCain, McCain, money, mortgage, news, Obama, pennsylvania, personal finance, recession, subprim, Tax Policy, Taxes
October 23, 2008
Answer to Yesterday’s Poll Question…
What was the top marginal federal tax rate for individuals in 1955? And the correct answer to yesterday’s poll question is…
Filed under Uncategorized
Tags: Barak Obama, business, campaign, capital gains, election, election 2008, flat tax, income tax, issues, jobs, John McCain, McCain, Obama, Politics, polititics, progressive, progressive taxation, public policy, Tax, Tax Policy, Taxes, vote, voter, warren buffett
October 22, 2008
Discovering Buffett’s Edge – How Progressive is the U.S. Federal Income Tax?
An Examination of the Recent History of the Effective Tax Rates of the 400 Highest Income Filers Part II of a multipart series Read Part I Warren Buffett has made a fortune through the shrewd allocation of capital. So far, no one has taken Warren’s million dollar challenge to his fellow dwellers in the penthouse [...]
Filed under Economics, Politics, Tax Policy, Taxes, election
Tags: Barak Obama, business, capital gains, economic policy, Economics, election, election 2008, growth, income tax, jobs, John McCain, McCain, Obama, Politics, president, Tax, Tax Policy, Taxes, US President
October 20, 2008
Are you Paying a Higher Tax Rate than Warren Buffett?
Why America’s Richest Man Thinks He Should Pay More Taxes. Part I of a multipart series Warren Buffett, thinks the U.S. tax system is unfair. The $62 billion dollar man thinks he should pay more taxes, as a share of his income, than he does now. Buffett, know for his simple tastes (hamburgers and Cherry [...]
Filed under Economics, Politics, Tax Policy, Taxes, election
Tags: Barak Obama, economic policy, Economics, election, finance, John McCain, McCain, Obama, personal finance, saving, Tax, Tax Policy, Taxes, warren buffett
