I never realized there were so many "Brad's" (leaving aside the famous one from Missouri now linked to Ms. Jolie) til I started doing this ... DeLong.  Plumer.  And now Brad Humphries over at the Spo…

That is one of many interesting issues raised by Times selectman Floyd Norris today. As Norris notes, Alan Greenspan never had half the power people thought he had.  All he does is set short-term (cr…

Or spread compression when spreads have already compressed. As David Altig kindly noted, I was quoted in Clint Riley's Wall Street Journal story about the impact of a flat yield curve on bank earning…

Stephen Jen argues that the US-Asian relationship can be understood as a debt for equity swap.    Asian - led by China - buys US debt; the US buys Asian equities/ invests in Asian plant and equipment…