This Will Be A Long Process ELX-CME Group

CME Insists It Doesn’t Have to Accept Rival’s Trades; Stock Falls – WSJ.com This is about one thing, NY Banks trying to internalize and send trade from the sunshine of regulated futures exchanges to dark pools and back offices.  NY …






Deflation, or Inflation-what's your call?

Allan Meltzer: Bernanke’s Anti-Inflation Exit Strategy Will Fail – WSJ.com The general public over the age of 40 has been pretty well educated to the dangers of inflation.  From the time we went off the gold standard in 1972, inflation …






SOTU-After

I thought Obama gave one of the most boring speeches a President has ever given.  It was totally unlike him as he is a pretty good speaker.  He did not shy away from his agenda.  It was not a move …






State of the Union-during

I have not heard a more boring SOTU speech in a long time. At least with Bush you could count on some malaprops and mispronunciations. Clinton was funnier. Reagan inspiring. This so far is a yawn. Nothing earth shattering.






Figures of the Day

» Fact Check: Reich Claims Non-Existent Fox News Led Conservative Charge in 1994 – Big Journalism Robert Reich, needs to sharpen his pencil.  He is not an economist by the way Conservatives Arrested In Attempted Phone Tampering Of Landrieu’s Office …






Fresh Start

I moved all the old stuff over from the other blog. I included as many comments as I could, but moved them bulk.  Sorry about that. I posted today about the State of the Union, and you will have to …






State of the Union

The Big Man is speaking tomorrow night.  As a trader, we generally don’t care what the President says.  Rarely does anything ever come out of a State of the Union address.  We tend to pay more attention to Federal Reserve …






Technical difficulties

I changed my host from a free server to a paid server.  If you can’t find old posts or comments, I am working on transferring them over.  Sorry for the inconvenience.






Cynicism

It pays to be cynical about our government.  I think that liberals used to be generally more cynical about government and corporations than conservatives.  But today, I see the opposite being true-with government. To give you some background.  The New …






Obama Year 2

Obama went into the White House with a lot of promise.  Running as a centrist when his entire career was spent on the far left wing, he rode a financial crisis into the office of President.  His opponent, John McCain …






The President and Bernanke

Obama went into the White House with a lot of promise.  Running as a centrist when his entire career was spent on the far left wing, he rode a financial crisis into the office of President.  His opponent, John McCain …






OMG I Agree With Obama

Obama went into the White House with a lot of promise.  Running as a centrist when his entire career was spent on the far left wing, he rode a financial crisis into the office of President.  His opponent, John McCain …






Red Meat, The Definitive Guide to Chicago Steak

There are serious issues in Economics, Finance, and Politics that we can cover.  But there are bigger issues out there.  A friend telephoned me today because a client of his was visiting Chicago for the first time.  Where should he …






Donuts

There is a place in Northern Minnesota.  It is in Grand Marais.  My grandfather introduced me to it as a high schooler and I have been going there ever since.  World’s Best Donuts.World’s Best Donuts, Grand Marais, MN.You will not …






Limoncello

Have you ever had a nice shot of limoncello after dinner?  Wonderful stuff if made correctly.  First time I had limoncello I was in Tuscany.  We had driven up there after touring Rome, still a little out of sorts.   …






Floored.com, The Movie

Tonight I saw a documentary called, “Floored”.  It is about life in the trading pits of Chicago.  But, actually, it’s about much more than that.  I am far too close to the topics discussed in the movie to act like …






We Do Need To Revamp Health Care

Obama has put forth his health care plan.  Understandably, within the constraints of this blog we cannot dissect every detail.  So let’s look at the broader points.  First, it takes much of the private market for health care and puts …