The Most Powerful Woman in the World
On February 1st, Janet Louise Yellen, will become the most powerful woman in the world. At the independent Fed, the Chairman must occasionally answer badly informed and sometimes snarky questions from congress but other than a cumbersome impeachment process (see…
Through the Looking Glass
“Why, sometimes I’ve believed as many as six impossible things before breakfast.” ― Lewis Carroll, Alice in Wonderland Now that enough people have made it through the looking glass of www.healthcare.gov, we are beginning to find out more about the…
What Went Wrong? Expectations Matter
Five years ago we found out who was not too big to fail. Lehman Brothers went down on September 15, 2008, with over $600 billion in assets setting off a remarkable chain of events. A few days later John McCain…
How Risky Is Uncle Sam?
The first time I heard the phrase “country risk” associated with the United States of America I was at an international private equity conference in the fall of 2009. I was shocked that European investors were applying analytical techniques to…