6 17 HOUSE_OVERSIGHT_011106 --- PAGE BREAK --- Price stability can matter. The United States has managed to avoid double-digit inflation since the Volker reforms of the 1980s. But the danger remains. Modigliani was right to worry. A law making real dollars legal tender might prompt better measurement

behind the taxing power is the total capital of the nation, meaning human as well as physical capital. And the dollar has proved pretty stable since Paul Volker’s tough reforms in the early 1980s. That means that government fiat money in this county is working about as well as anything we have known. But ther

ven Hoffenberg, briefly a New York high flyer, who went to jail for a Ponzi scheme, for whom Epstein acted as a consultant—along with, he points out, Paul Volcker.) But the characterization persists: if it’s not clear, it must be murky. Sure, Goldman Sachs partners and tech geniuses, they might have stratospher

d as a consultant—along with, he points out, Paul Volcker.) But the characterization persists: if it’s not

the Iranian Revolution and the Iran-lraq War also led to a 2.5 times spike in oil prices that, along with Federal Reserve tightening by then Chairman Paul Volcker, led to a US recession. While we think it is unlikely that Saudi Arabia would react so aggressively in the face of serious US reprisals, we note that

Federal Reserve tightening by then Chairman Paul Volcker, led to a US recession. While we think it is unli

the Iranian Revolution and the Iran-lraq War also led to a 2.5 times spike in oil prices that, along with Federal Reserve tightening by then Chairman Paul Volcker, led to a US recession. While we think it is unlikely that Saudi Arabia would react so aggressively in the face of serious US reprisals, we note that

Federal Reserve tightening by then Chairman Paul Volcker, led to a US recession. While we think it is unli

t-duration and cash next year across portfolios. As a last mention, for anyone looking for a timely read, I just finished William Silber's book about Paul Volcker. It is great context for how we got to where we are today and a reminder that while the past doesn't ever exactly repeat itself, it does rhyme. It's

I just finished William Silber's book about Paul Volcker. It is great context for how we got to where we a

. Previous recipients include Margaret Thatcher (former Prime Minister of the United Kingdom), Henry Kissinger (former US National Security Advisor), Paul Volcker (former chairman of the Federal Reserve Bank), Edward Teller (father of the H-bomb) and Henry Ford (founder of the Ford Motor Company). In 2004 he wa

inger (former US National Security Advisor), Paul Volcker (former chairman of the Federal Reserve Bank), Ed

print copies are available at www.amazon.com CB www.kpcb.com USA Inc. _ ii HOUSE_OVERSIGHT_020825 --- PAGE BREAK --- Foreword George P. Shultz, Paul Volcker, Michael Bloomberg, Richard Ravitch and John Doerr February 2011 Our country is in deep financial trouble. Federal, state and local governments are

PAGE BREAK --- Foreword George P. Shultz, Paul Volcker, Michael Bloomberg, Richard Ravitch and John Doer

d as a consultant—along with, he points out, Paul Volcker.) But the characterization persist: if it’s not c

ven Hoffenberg, briefly a New York high flyer, who went to jail for a Ponzi scheme, for whom Epstein acted as a consultant—along with, he points out, Paul Volcker.) But the characterization persist: if it’s not clear, 1t must be murky. Sure, Goldman Sachs partners and tech geniuses, they might have stratospheri

ven Hoffenberg, briefly a New York high flyer, who went to jail for a Ponzi scheme, for whom Epstein acted as a consultant—along with, he points out, Paul Volcker.) But the characterization persist: if it’s not clear, it must be murky. Sure, Goldman Sachs partners and tech geniuses, they might have stratospheri

d as a consultant—along with, he points out, Paul Volcker.) But the characterization persist: if it’s not c

ven Hoffenberg, briefly a New York high flyer, who went to jail for a Ponzi scheme, for whom Epstein acted as a consultant—along with, he points out, Paul Volcker.) But the characterization persists: if it’s not clear, it must be murky. Sure, Goldman Sachs partners and tech geniuses, they might have stratospher

d as a consultant—along with, he points out, Paul Volcker.) But the characterization persists: if it’s not

ignificant concern when thinking about SIVB's growth trajectory. Another issue that has not been discussed much but could occur is any changes in the Volcker rule that would allow the bank to once again participate in investing capital in PE/VC funds. We view this restriction as an unintended consequence o

nomic advisers was operating from different playbooks, with Summers calling his plays the loudest. Take, for instance, the debate that surrounded the Volcker rule -- the regulatory reform component that curtailed proprietary trading at U.S. banks and limited their investments in private equity firms and he

le to enter and exit their strategies Regulation Volcker's rule, USCITS III/IV 36 UBS Recommendations St

m to enter and exit their strategies. Regulation Volcker rule, USCITS III/IV 2 UBS Recommendations Strat

on for banks under $10 billion of assets from the Volcker Rule; - Requires the Federal Open Market Committ