In previous blog posts here and here , I criticized UK financial regulators for missing simple leverage and margin requirements in UK pension funds. To be clear, I don't criticize the people. The point is, if after 10 years …

While the rest of the Fed climbs on the maybe-anvils-might-fall-from-the sky climate financial risk fantasy,  Chris Waller has the courage in Haiku-simple prose to state that the emperor has no clothes.  I cannot support this i…

Update to my previous post on the UK treasury imbrogli o:  The Bank of England explains,  saying about as much as I did. Pension funds levered up, lost money when treasury prices fell, needed to post collateral, and then started …

(At National Review ) What This Year’s Nobel Economists Can Teach Us about Financial Crises This week, economists are celebrating the Nobel Prize given to Ben Bernanke, Doug Diamond and Phil Dybvig for their work on banking. Ber…

Two era-defining articles popped up in today's Wall Street Journal.  In " the coming global crisis of climate policy, " Joseph Sternberg writes  ...Anyone who still thinks climate change is a greater threat than cli…