Forget the statistical analysis chatter from the guru of the minute and the price of oil or gold because we’re in a Mother Goose economy.The author of nursery rhymes summed up our current fine mess in “This is the House that Jack Built.” The endless repetition delights children at bedtime and drives its adult readers nuts but the lesson is clear: Events are linked and there’s no clear way to escape the logical progression of the unfolding chaos underscored by the utter complacency of all involved.If you haven’t been able to pry yourself away from the latest grim table ...

Shares of China Strategic soar after it announces plans to trade a part of its newly acquired stake in AIG's Taiwan unit for a wider presence in the Taiwanese financial-services sector.

The long awaited property and casualty insurance hard market may be delayed just a little longer, as two surveys show a break in rate moderation seen over the last two years.

Where there's smoke there's Geithner? The recent FASB board meeting was on the 11th and the main topics of discussion surrounded concerns and implications of 167 ruling and improving disclosures about Fair Value measurement (mainly focusing on Level 3 disclosures). Any time an accounting standard can take down an entire capital market construct you have to ask how stable the capital market construct is to begin with. But Minyans know this already right? A little historical perspective on the magnitude of the current U.S Dollar carry trade. When the home of the Dodo bird starts taking down physical gold ...

Just when bank executives appear near the peak of this mountain of populist rage another landslide sends them tumbling back down again. This week has produced several setbacks and it’s still only Tuesday.First banking analyst Meredith Whitney put on her bear costume again on Monday when she told Maria Bartiromo that the banks were still undercapitalized and that next year will see the second dip of a double-dip recession. The news sent financial shares immediately lower. Second Bank of America (BAC) executives are heading to Capitol Hill today to testify about exactly what they shared with shareholders or didn’t ...