Insiderman

We Can't Talk Our Way Out of This Market Mess

Here's a thought: Perhaps the government wasn't just talking up the economy but allowing big TARP borrowers to use unneeded funds to make principal trades. Hmmm. Evidence of that in spikes for Golden and Morgan Stanley?

Interpreters of Data Should Exercise Care to Get Facts Right

Mauldin's analysis in this case was about as on point as Keynes' analysis of savings and investment, entrepreneurs deciding how many people to hire and what to pay (ex ante actually deciding how to produce a product) and many other mistakes and causality reversals in the "General Theory."

But yet, they still use Keynes.