Blogs

Why do politicians always want to get between people and their money? I was listening to an Uber X driver last night. She was at wit’s end. She had no job prospects and she was losing everything. She didn’t want to go on government assistance. Uber gave her a way out. This isn’t the first time I have heard a story like that.
One thing I have noticed over the years is when there is a crisis, it’s a really bad time to pass sweeping legislation. The momentum and justification for legislation comes from fear. “We don’t want that to happen again”, supporters say. For example, 9/11 happens and we get the Department of Homeland Security which is mostly a waste of money and allows the government to pry into all kinds of places it shouldn’t.
“The newspaper reported Sunday that the founder of Point72 Asset Management tore down his mansion in the Hamptons ‘several weeks ago’ so he could build a new one.”
"It was theft and you knew it. It was fraud and you knew it, And you know what else? We know that you knew it. I don't know if justice is coming for you in this life or the next but if it does come in this life? Her name will be Elizabeth Warren."

It seems like every time there is a consensus on Federal Reserve Board policy something happens to muck it up.

"Bernie Sanders es nuestro amigo revolucionario."

"I got into trading about two, maybe three years ago, and it seemed to really capture my interest so I figured, what's the best way for me to be able to do this and make money?"

“A world in which banks don’t lend, young people cannot find jobs, overcapacity is not the cause for prices to fall, is not a world which can long survive.”

“Given that the economy is still relatively closed, it should be within the power of policymakers to maintain a monopolistic environment for the banks to earn their way out.” 

“Given that the economy is still relatively closed, it should be within the power of policymakers to maintain a monopolistic environment for the banks to earn their way out.”