BANCO – Jamie Jamie Jamie
Despite our suffering during the last four years with your most supreme arrogance and hubris we applaud you as the king of a corrupt system, a system where: 1) Derivatives outstanding in “bank”...
View ArticleBANCO SECOND EPISODE
All the talk about Jamie and J.P. Morgan’s strength. One wonders about the relative strength of JP CHASE in the last crises and since. Has Jamie used the flexible accounting regulations to avoid...
View ArticleMusings on the Art Market
The May auction performances gleaned countless viewers, gawkers, critics and some buyers; indeed a sufficient number of buyers to drive the prices of a small number of pictures to new records. The...
View ArticleMusings on the US Deficit and Debt
I read today in the New York Times that between 2008 and 2012 government (taxpayer) subsidies to the banks equaled $1.3 trillion. As those of you who read my missives know, my estimate was considerably...
View ArticleMusing on Derivatives
I read with interest in the Financial Times today about “Morgan Stanley’s plan to shift a large chunk of its $57 trillion derivatives portfolio into the part of the group backed by customer deposits…”...
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The Edelman Shock Market Index
There is no Edelman Shock Market Index, only a bit of intuition and experience. My intuition and experience say, “never predict markets,” but the Emperor’s Clothing, or lack thereof, are about to be...
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Review: Artist Christopher Winter Conjures an “Unnatural History”
On May 5, the Edelman Arts gallery on Manhattan’s Upper East Side opened its sixth exhibition of works by the English-born, Berlin-based artist Christopher Winter. Comprised predominantly of...
View ArticleEU, The Truth of the Matter
Of the €400 billion plus in rescue funds loaned to Greece all but €15 billion went to assist the banks. Almost all of what was received by the banks was recirculated to the sovereign coffers. The...
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REVOLT magazine: The Occupations of Asher Edelman
Asher Edelman can be described as standing, prominently, between 2 worlds. His Wall Street career, beginning in the 1960’s, in investment banking, money management and derivatives trading not only...
View ArticleThe One Housing Solution Left
In April of 2008 we put forth a plan to improve the economy through profitable government assistance to homeowners. Today, August 13, 2012, the plan was put forward under different authorship....
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It’s Been a While
Frank Stella b. 1936, Hacilar Level 1A, 2001, Painted cast aluminum, 61″ x 73″ x 14″ Yes, it’s been too long, in my view at least, since I’ve last put a pen to paper, so: ArtAssure Ltd. News Moss:...
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Some Political Musings: Romney at War
We have finally figured out the one issue on which Governor Romney is consistent: War. Make economic war on China for providing goods to the world less-expensively and more efficiently than anyone...
View ArticlePolitico Economic Musings
The banking and mortgage placement community is earning more than ten times the norm on new mortgages entered into today! It works like this… The institution grants a mortgage at a 3%-4% spread from...
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The Debt Ceiling in 2013
Happy New Year to all. A lot of fanfare and hoopla about a non-existent debt ceiling has captured the imagination of the press, the Tea Party, and even the President. The United States of America is...
View ArticleNahmad Gallery Raid: A Regulated Art Market in Sight?
TODAY’S raid by Federal agents on the Nahmad Gallery should be viewed as a small part of the puzzle leading to heavy regulatory controls on the entirety of the art industry. Art and art-related...
View ArticleMoney Laundering & Art: The Law Vs. the Perception of the Law
Today there appeared on the front page of the New York Times an article, “Valuable as Art, but Priceless as a Tool to Launder Money” (click to read). About a month ago we sent out a commentary, “The...
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A Basis for Agreement (Ending the Qs)
It has been eight months since I last set foot in the socio-economic world. So much of what we explored came to fruition the writing was becoming repetitive. Today there is much chatter about the role...
View ArticleCRAZY? CUCKOO! STRATEGIC?
Could it be that the House Republicans have been coached in a plan to close down as much of the US Government as possible for as long a period as possible? Why? Well, the Libertarian, now Tea Party,...
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