CEO Pay-Rise: A Silly Math Mistake

CEO Pay-Rise: A Silly Math Mistake

By The Banker | Blog Posts, Texas

An economics paper published last month in the National Bureau of Economic Research really fascinates me. Maybe that’s because I’m a fundamentally boring person? No, that’s not the main point. Economists Kelly Shue and Richard Townsend set out to explain the sharp rise of executive pay in the ten-year period 1992 to 2001. Think of [&hellip

Book Review: Capital In The Twenty-first Century by Thomas Piketty

Book Review: Capital In The Twenty-first Century by Thomas Piketty

By The Banker | Book Reviews, Inequality, Taxes, Wall Street

Once in a while I read a book and think “That! That is the one that will determine my definitive worldview on a subject.” This happened when I read Paul Kennedy’s The Rise and Fall of the Great Powers twenty-five years ago, and nothing has shaken my belief in Kennedy’s thesis.[1] Thomas Piketty’s Capital in [&hellip

Book Review: Women, Money & Prosperity by Donna M. Phelan

Book Review: Women, Money & Prosperity by Donna M. Phelan

By The Banker | Book Reviews, Investing, Personal Finance, Texas

When I was a little girl, I thought that money and finance would work the same for everyone, men and women, irrespective of gender. Important note: Starting stories with “When I was a little girl” – as my great-grandfather did with me – used to reliably make my little girls giggle hysterically. Now they just [&hellip

Leap Day for Oil Drillers - This Makes No Sense

Leap Day for Oil Drillers – This Makes No Sense

By The Banker | Blog Posts, Investing, Texas

In honor of Leap Day, I’m writing today about something in the energy markets that shouldn’t exist. Or maybe it should exist only once every four Earth-revolutions around the sun. The oil price crash – we’re at 13-year lows in the average price of a barrel of oil this month – creates chaos for oil-company [&hellip

Money and Politics - 2016 Edition

Money and Politics – 2016 Edition

By The Banker | Blog Posts, Texas

We are deep into Presidential primary election time, so I thought I’d share my views of candidates and the system with my green eyeshades on. I don’t have a ‘unified theory’ of money in politics, but rather a series of thoughts, some connected, the rest not. For starters, I have a fetish about honesty when [&hellip