Dodd’s Banking Bill: What It Might Mean?There has been a lot of discussion in recent weeks about Senator Dodd’s proposed banking reform legislation, which differs in some ways from the House version. The key issue is, what does it mean? First, anyone who argues they understand all the ramifications of the bill are kidding you. His original bill [...] [ Continue Reading.. ]The Federal Reserve Should Not Be HawkishIt is pretty clear the recession is over. It is over because business inventories and spending on computers and software investment have risen rapidly. Consumer spending wasn’t and isn’t at center stage in the downturn nor the turnaround, at least not yet. We have also benefitted by a significant improvement in net [...] [ Continue Reading.. ]
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