Mozilla: The Scarlet Letter of Silicon Valley

The Scarlet Letter

It should be clear from the recent resignation of Mozilla co-founder, Brendan Eich, that the debate over same-sex marriage will not not end at the altar, but will proceed to the boardroom and beyond. After being named CEO last month, Eich was forced to step down by Mozilla’s board of directors when it was disclosed that, back in 2008, Eich had More...

by Robert Maley | Published 7 years ago
By Bruce Krasting On Wednesday, March 14th, 2012

Is the Ten Year Going to 3%?

These two articles point in a bad direction:     China’s 2011 total trade surplus was $183B. The surplus with the USA was $270B; the US was 150% of China’s total surplus. China imports lots of “stuff.”  More...

By Bruce Krasting On Tuesday, March 6th, 2012

On Politics, Social Security and Spine

Assuming that no white knight (aka NJ Gov. Christie) enters the scene for the Republicans, this fall will be a race between Mitt & “O”. I’ve listened to them discuss their views on a hot button of mine, More...

By Bruce Krasting On Wednesday, February 29th, 2012

Sins Of The Past

Ben Bernanke has said many times that Marriner Eccles, the head of the Federal Reserve in 1936/37 made a mistake by tightening credit (raising reserve requirements). Bernanke blames Eccles’s actions for the 50% More...

By Bruce Krasting On Friday, February 3rd, 2012

DOJ’s Latest Beat Down: Swiss Banks

Wow! The Department of Justice took an extraordinary step yesterday. It indicted Swiss private bank, Bank Wegelin, for aiding and abetting in US income tax fraud. This is a big deal.                 I’ll More...

By Bruce Krasting On Thursday, February 2nd, 2012

Entering the Intervention Zone

One Around Two We are near the edge on a few situations in the FX markets. I’m watching the EURCHF and the USDYEN. The market traded EURCHF to a low of 1.2032 Wednesday. It closed at a (slightly) safer 1.2044. More...

By Bruce Krasting On Sunday, January 29th, 2012

Obama Bluffs on Refi?

In his State of the Union speech, the President said: Millions of innocent Americans have seen their home values decline. And while government can’t fix the problem on its own, responsible homeowners shouldn’t More...

By Bruce Krasting On Thursday, January 26th, 2012

Bernanke Goes All In

Well, we got an inflation target from the Fed. Basically, thinking at the Fed has been eliminated. The process has been automated. Bernanke has convinced the Fed board to adopt Core PCE as a determinate of monetary More...

By Bruce Krasting On Saturday, January 14th, 2012

Tyler Durden and Paul Krugman Agree! – The EU is Toast!

A rare occurrence in journalism happened today. Tyler Durden of Zero Hedge is in agreement with – hold on – Paul Krugman of the NY Times. Both writers point readers to the FAQs from S&P on the downgrades More...

By Bruce Krasting On Wednesday, January 11th, 2012

Social Security – January 2012 and Beyond

The January 2012 numbers for Social Security (SS) show a mixed picture. The results mirror what is going on in the economy. There is clear evidence that revenues at SS are recovering; there is equally clear evidence More...