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Archives: December 2011


Posted by: Tom Keene on December 22

Clarida and Gertler (1997) present both formal and informal evidence that the Bundesbank's commitment to fight inflation waned somewhat during the period between the two major oil shocks. In 1979...

As We Forever, Read Hitchens and Stand Still

Posted by: Tom Keene on December 20

We are studying a man with very little sense of humor. Christopher Hitchens, Thomas Jefferson: Author of America, 2005. Cam Neely was the best hockey player I have seen play...

Our Far More Inelastic Fear

Posted by: Tom Keene on December 16

It's all about relative supply curves - the supply curve for bullion is far more inelastic than is the case for paper money. It really is that simple." David A....

It's Not an Exact Science

Posted by: Tom Keene on December 14

Since there are future events and developments that cannot be foreseen, the assignment of credit ratings is not an exact science. For this reason, Standard & Poor's ratings opinions are...

You Can Make Money in Stocks

Posted by: Tom Keene on December 13

We expect an annualized return of 9 percent from this approach over five to seven years. We've built a portfolio that will have a minimum cash yield of 4.5 percent,...

This is No Time to Go Wobbly

Posted by: Tom Keene on December 10

That evening, she attended a wonderfully elegant ballet and dinner hosted at Versailles by President François Mitterrand. She demonstrated enormous aplomb. But to another leader who wished her well in...

In Defense of the Liberal Arts

Posted by: Tom Keene on December 08

Few entry-level jobs in any field necessitate four years of specialized undergraduate study. The same holds true for professional graduate programs: it may seem that medical schools demand biology majors...

That Financial Dawn, We Slept

Posted by: Tom Keene on December 06

Factual error: The nurses are wearing far too much make up when on duty: bright red lipstick, eyeliner, mascara and blusher expertly applied. Military medical nurses are allowed subtle...

Let Them Eat Cake

Posted by: Tom Keene on December 05

In contrast to cakes, which are desirable, the dual problem of chore division is concerned with dividing an object deemed undesirable. Here, each player would like to receive what he...


EconoChat captures Tom Keene's thoughts on economics, finance and investment. He is editor-at-large for Bloomberg News and hosts Bloomberg Surveillance and Bloomberg on the Economy on NYC1130, Sirius 129 and XM 130 and Surveillance Midday on Bloomberg Television. His complete interviews are at Tom Keene on Demand. Look for Tom on twitter @tomkeene

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