Ever heard of Stephen A. Schwarzman?

Remember me telling you about the Seventh Regiment Armory located the Upper East Side? I finally looked it up. The guy who had his sixtieth birthday party there last year, Stephen Schwarzman, is the person one who took the Blackstone (not to be confused with Blackrock or Blackwater) company public – they were heavy intoContinue reading “Ever heard of Stephen A. Schwarzman?”

Emergency Economic Stabilization Act of 2008

It appears all eyes are on the House right now, waiting to see if HR 3997 (“Financial Markets Bill”) passes. It’s surprisingly close right now, 153 – 146. I’m just thinking about lunch. Now the Nays have taken the lead with 163 for and 167 against. Unbelievable. Whatever the true substance of this legislation, withContinue reading “Emergency Economic Stabilization Act of 2008”

Not Your Father’s Money Supply

I’ve finally gotten a chance to read through some of JohnWilliams’ website Shadow Government Statistics: Analysis Behind and Beyond Government Economic Reporting. It’s an horrible title – to me it connotes fringe wacko theories about FEMA and Mt. Weather. It is, in fact, conclusive academic analysis of some of the nagging suspicions I’ve had forContinue reading “Not Your Father’s Money Supply”