Welcome!

Welcome to my blog. My plan is to comment on finance, markets, economics and public policy, keeping politics to a minimum. While I am not an economist, I have an MBA and I worked on Wall Street covering the finance sector for 30 years. I retired in 2007 as vice chairman of Moody's. Topics that I plan to cover include:

>The financial crisis: etiology and prognosis (I'm a bear).

>The public policy response to the crisis (past and future).

>Financial regulation, how to fix it.

>Systemic stability and TBTF.

>Monetary and exchange rate policy (US and foreign).

>The outlook for sovereign risk, particularly the fiscally challenged countries in the developed world: Japan, UK, etc.

I hope to be both provocative and persuasive. Ideas matter.