About - Thursday 11 Mar, 2010
Banks, battles, and the psychology of overconfidence
The pace of economic decline appears to have slowed, but the labor market remains weak and, in response, the Federal Reserve is likely to maintain interest rates at "exceptionally low levels for extended periods,"
By Malcolm Gladwell in The New Yorker
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Must-read of the day - Wednesday, 22 July 2009
Banks, battles, and the psychology of overconfidence
The pace of economic decline appears to have slowed, but the labor market remains weak and, in response, the Federal Reserve is likely to maintain interest rates at "exceptionally low levels for extended periods,"
By Malcolm Gladwell in The New Yorker
Must-read of the day - Tuesday, 21 July 2009
Fed Chief Says Pace of Decline Seems to Have Slowed
The pace of economic decline appears to have slowed, but the labor market remains weak and, in response, the Federal Reserve is likely to maintain interest rates at "exceptionally low levels for extended periods,"
By Gerry Shih in The New York Times
Must-read of the day - Monday, 20 July 2009
Fifty Ways To Kill Recovery
Federalism, often described as one of the great strengths of the American system, has become a serious impediment to reversing the downturn.
By James Surowiecki in The New Yorker
Must-read of the day - Friday, 17 July 2009
And how the discipline should change to avoid the mistakes of the past
OF ALL the economic bubbles that have been pricked, few have burst more spectacularly than the reputation of economics itself (...)
From The Economist
Must-read of the day - Thursday, 16 July 2009
Why Africa depends on handouts?
Barack Obama, the charismatic US president, whom I like and much respect, came to Africa bearing a message and a gift. Both spoke of Africa's need for self-determination
From Al Jazeera
Must-read of the day - Wednesday, 15 July 2009
New sins, new virtues
As the world heats up and economic dislocation ravages the poor, religious leaders offer up their diagnoses and prescriptions
From The Economist
Must-read of the day - Tuesday, 14 July 2009
Insight: This crisis is not over
If we do not yet have inflation and we cannot have a new bubble then there must be more deleveraging and unwinding of the global credit bubble to come.
By Tim Lee in the Financial Times
Must-read of the day - Monday, 13 July 2009
Rebuilding Something Better
For if we do not seize this moment to confront the weaknesses that have plagued our economy for decades, we will consign ourselves and our children to future crises, sluggish growth, or both.
By Barack Obama in the Washington Post
Must-read of the day - Friday, 10 July 2009
Artificial Stimulus
It's too soon to say whether the stimulus package is working.
By Daniel Gross in Slate
Must-read of the day - Thursday, 9 July 2009
Advice from an Economist Who Saw 1929
Tough talk from Anna Schwartz, a financial sage who has seen it all, having lived through the crash of 1929 and co-authored with Nobel Laureate Milton Friedman the highly-claimed financial bible A Monetary History of the United States.
In TIME
Must-read of the day - Wednesday, 8 July 2009
Stimulus: Where's the $787 Billion?
Call it the $787 billion question: Where is all that government stimulus money, and why hasn't it stemmed the heart-stopping slide in U.S. employment?
From Businessweek
Must-read of the day - Tuesday, 7 July 2009
Calls grow within G8 to expel Italy as summit plans descend into chaos
Preparations for Wednesday's G8 summit in the Italian mountain town of L'Aquila have been so chaotic there is growing pressure from other member states to have Italy expelled from the group, according to senior western officials.
in the The Guardian
Must-read of the day - Monday, 6 July 2009
Whatever happened to the food crisis?
The FAO reckons that, to keep pace with increased world population, the amount of food available in developing countries will have to double by 2050, equivalent to a 70% rise in world food production
in the Economist
Must-read of the day - Friday, 3 July 2009
The Science of Economic Bubbles and Busts
The worst economic crisis since the Great Depression has prompted a reassessment of how financial markets work and how people make decisions about money
By Gary Stix in the Scientific American
Must-read of the day - Thursday, 2 July 2009
An Emerging Split That Matters: Treasury vs. the National Economic Council
By Simon Johnson
Must-read of the day - Wednesday, 1 July 2009
Wall Street's Toxic Message
Every crisis comes to an end--and, bleak as things seem now, the current economic crisis too shall pass. But no crisis, especially one of this severity, recedes without leaving a legacy.
By Joseph E. Stiglitz in Vanity Fair
Must-read of the day - Tuesday, 30 June 2009
Despite a $24 billion budget deficit and a legislature in stalemate, California lawmakers haven't persuaded the Obama Administration to bail out the state.
By By Moira Herbst in Business Week
Must-read of the day - Monday, 29 June 2009
Caveat Mortgagor
In any case, the biggest danger of a Consumer Financial Protection Agency is not that it will artificially limit risk-taking. Rather, it's that giving products a government imprimatur can make people feel safer than they really are.
By James Surowiecki in The New Yorker
Must-read of the day - Friday, 26 June 2009
Can Asians replace Americans as a driver of global growth?
By The Economist
Must-read of the day - Thursday, 25 June 2009
Reform of regulation has to start by altering incentives
Regulatory reform cannot end with incentives. But it has to start from incentives. A business that is too big to fail cannot be run in the interests of shareholders, since it is no longer part of the market.
By Martin Wolf in the Financial Times
Must-read of the day - Wednesday, 24 June 2009
BRICs and the world economy: Not just straw men
The inaugural summit of the BRICs--Brazil, Russia, India, China--came and went in Yekaterinburg this week with more rhetoric than substance (...)
By The Economist
Must-read of the day - Tuesday, 23 June 2009
The Next Tax Revolt
Progressive taxation is an important principle. But the idea that further changes to the tax code should exclusively target the wealthy is ultimately counterproductive. Making the case may be difficult, but refusing to try to make it amounts to conceding defeat...
By Matthew Yglesias in The American Prospect
Must-read of the day - Monday, 22 June 2009
'Obama Is Certainly a European'
Oxford historian Timothy Garton Ash discusses the demise of Europe's social democrats, threats to the European Union posed by populist nationalists, the imminent change of government in Great Britain and America's rapid slide to the left
From Der Spiegel
Must-read of the day - Friday, 19 June 2009
Paul Krugman Analizes Obama's Plan
Would the Obama administration's plan for financial reform do what has to be done? Yes and no.
From The New York Times
Must-read of the day - Thursday, 18 June 2009
An Interview With Paul Samuelson
...By most accounts he is responsible for popularizing Keynesian economics in Post-Second World War America, and I wanted his thoughts on the current administration's fiscal policies and the modern Keynesian resurgence.
From The Atlantic
Must-read of the day - Wednesday, 17 June 2009
A transcript of The Journal's interview with President Obama, which touches on financial-regulatory reform, the power of free markets, health care and Bernanke's future at the Fed.
From Washington Wire
Must-read of the day - Tuesday, 16 June 2009
How do firm linkages transmit shocks? This column discusses the real and financial transmission mechanisms in the supply chain and financial system that can create troublesome cascades. It applies its logic to the Asia Pacific production chain.
From VOX EU
Must-read of the day - Monday, 15 June 2009
A New Financial Foundation
Over the past two years, we have faced the most severe financial crisis since the Great Depression. The financial system failed to perform its function as a reducer and distributor of risk
From The Washington Post
Must-read of the day - Friday, 12 June 2009
The biggest bill in history
The right and wrong ways to deal with the rich world's fiscal mess.
From The Economist
Must-read of the day - Thursday, 11 June 2009
Some sensible new proposals for curbing corporate greed in America
Although the debate about excessive executive pay in America has been heated, cool heads prevailed when the time came to tackle the problem. (...)
The Economist
Must-read of the day - Wednesday, 10 June 2009
Goals Shift For Reform Of Financial Regulation
The Obama administration is pulling back from some of its most ambitious ideas for overhauling the financial system
By David Cho, Binyamin Appelbaum and Zachary A. Goldfarb
Must-read of the day - Tuesday, 9 June 2009
A Failure of Regulation, Not Capitalism
What has this current crisis taught us, if anything, about the weaknesses of capitalism? What lessons, if any, should we learn about the quality of government? What does our new knowledge imply for reforms going forward?
By Edward L. Glaeser
Must-read of the day - Monday, 8 June 2009
In uncertain times voters cling to centre-right
At a time of unprecedented insecurity, because of the global economic downturn, European voters clearly opted for the safety of the right, although only a minority bothered to vote in most countries.
Financial Times
Must-read of the day - Friday, 5 June 2009
The Bond War
Why Paul Krugman and Niall Ferguson are hammering each other about T-Bill interest rates.
By Daniel Gross in Slate
Must-read of the day - Thursday, 4 June 2009
Obama's America: Too Fat to Fail
Studebaker, Nash-Kelvinator, Packard, Hudson, Stutz, Pierce-Arrow, Stanley, Checker and American Motors were once household names of the U.S. auto industry. Unlike General Motors in our time, they were not too big to fail. (...)
From The Wall Street Journal
Must-read of the day - Wednesday, 3 June 2009
America the deadbeat?
Want a global recovery? Better hope Congress delivers the money the United States promised the IMF (...).
By Foreign Policy
Must-read of the day - Tuesday, 2 June 2009
Once a Recession Remedy, GM's Empire Falls
Once, the very name General Motors conveyed the kind of industrial dominance shared by the likes of Standard Oil, American Telephone and Telegraph, and General Electric. Unlike most of those companies, GM also invoked Americans' sense of manifest destiny and unlimited possibility.
From The New York Times
Must-read of the day - Monday, 1 June 2009
G.M. Seeks Bankruptcy and a New Start
The filing itself seemed anticlimactic. It was a simple procedure done thousands of times each day across the country, by individuals and business alike. But not usually, as in this case, by companies like G.M. that have woven themselves into the fabric of America culture.
From The New York Times
Must-read of the day - Friday, 29 May 2009
The Big Inflation Scare
But does the big inflation scare make any sense? Basically, no -- with one caveat I'll get to later. And I suspect that the scare is at least partly about politics rather than economics.
By Paul Krugman
Must-read of the day - Thursday, 28 May 2009
A Comeback in the IPO Market
" (...) It signals that investors are looking for growth stories," says Robert R. Ackerman, managing partner of Allegis Capital, a venture firm. (...)
By Business Week
Must-read of the day - Wednesday, 27 May 2009
Once Considered Unthinkable, U.S. Sales Tax Gets Fresh Look
With budget deficits soaring and President Obama pushing a trillion-dollar-plus expansion of health coverage, some Washington policymakers are taking a fresh look at a money-making idea: a national sales tax.
By Lori Montgomery
Must-read of the day - Tuesday, 26 May 2009
The Consolations of Pessimism
Attempts to trust that the worst is over and to stop frightening ourselves seem doomed to propel us into yet worse disappointment. We are not only unhappy, but--believing calm and happiness to be the norm--unhappy that we're unhappy.
By Alain de Botton
Must-read of the day - Friday, 22 May 2009
The Crisis and How to Deal with It
Following are excerpts from a symposium on the economic crisis presented by The New York Review of Books and PEN World Voices at the Metropolitan Museum of Art on April 30. The participants were former senator Bill Bradley, Niall Ferguson, Paul Krugman, Nouriel Roubini, George Soros, and Robin Wells, with Jeff Madrick as moderator.
Must-read of the day - Thursday, 21 May 2009
Seventy-six years ago, Franklin Delano Roosevelt took to the inaugural dais and reminded (...) "The only thing we have to fear, is fear itself.
From The New York Times
Must-read of the day - Wednesday, 20 May 2009
The Avis Economy
Can we end the recession simply by trying harder?
By Daniel Gross in Slate
Must-read of the day - Tuesday, 19 May 2009
A coming world that's 'a whole lot smaller'
Until two months ago, Jeff Rubin was the audacious chief economist and chief strategist at CIBC World Markets, a high-profile pulpit from which he preached his unconventional and occasionally controversial views on economic matters for nearly two decades.
From Globe Investor
Must-read of the day - Monday, 18 May 2009
My Personal Credit Crisis
If there was anybody who should have avoided the mortgage catastrophe, it was I. As an economics reporter for The New York Times, I have been the paper's chief eyes and ears on the Federal Reserve for the past six years. I watched Alan Greenspan and his successor, Ben S. Bernanke, at close range. I wrote several early-warning articles in 2004 about the spike in go-go mortgages. Before that, I had a hand in covering the Asian financial crisis of 1997, the Russia meltdown in 1998 and the dot-com collapse in 2000. I know a lot about the curveballs that the economy can throw at us.
From The New York Times
Must-read of the day - Friday, 15 May 2009
German, Euro-Zone Economies Report Massive Shrinkage
With demands for exports dropping, the German economy was hit hard during the first quarter of 2009, with gross domestic product shrinking by 3.8 percent compared to the previous quarter
From Der Spiegel
Must-read of the day - Thursday, 14 May 2009
Three trillion dollars later...
There is no single big remedy for the banks' flaws. But better rules--and more capital--could help
From The Economist
Must-read of the day - Wednesday, 13 May 2009
Sickness of the savers
... health insurance has become a central issue in the country's immediate economic future. For all the signs that China is beginning to rebound, the government has only won half the battle. To return to rapid rates of expansion, the country will need to find new sources of growth to replace stagnant exports, and that means boosting consumption.
From The Financial Times
Must-read of the day - Friday, 8 May 2009
Vive la différence!
A strong beneficent state, with heavy taxation, regulation and protection, is common to many continental European countries. But nowhere is it more pronounced or entrenched than in France, where it reaches back to the construction of roads, canals and industrial mammoths under Jean-Baptiste Colbert, Louis XIV's minister of finance and industry.
From The Economist
Must-read of the day - Thursday, 7 May 2009
Timothy Geitner Explains The Stress Test of the nation's largest banks
The New York Times
Must-read of the day - Wednesday, 6 May 2009
Central banks must target more than just inflation
Did inflation targeting fail? Central banks have mostly escaped blame for the crisis. Do they deserve to do so?
By Martin Wolf in The Financial Times
Must-read of the day - Tuesday, 5 May 2009
The economic outlook
The U.S. economy has contracted sharply since last autumn, with real gross domestic product (GDP) having dropped at an annual rate of more than 6 percent in the fourth quarter of 2008 and the first quarter of this year.
By Chairman Ben S. Bernanke
Must-read of the day - Monday, 4 May 2009
The butcher's bill?
Economists argue that a pandemic would affect both global demand and global supply, but that the first of these is particularly vulnerable to the uncertainty and fear surrounding even the possibility of widespread disease.
The Economist
Must-read of the day - Wednesday, 29 April 2009
Bretton Woods III?
A few years back, before this crisis erupted, several economists were concerned about the sustainability of the large global imbalances fueled by the so-called Bretton Woods II system (...) Is this the death of Bretton Woods II?
By Nouriel Roubini
Must-read of the day - Tuesday, 28 April 2009
Permira chairman Damon Buffini warns worst of crisis may be ahead
Addressing investors in Permira's annual review, he said that although the firm was well-diversified, every part of its business had been hit by the synchronised nature of the downturn.
From The Telegraph
Must-read of the day - Monday, 27 April 2009
A glimmer of hope?
Optimism is one thing, but hubris that the world economy is returning to normal could hinder recovery and block policies to protect against a further plunge into the depths.
From The Economist
Must-read of the day - Friday, 24 April 2009
The Next Big Thing: America
What will the world look like when the present emergency has passed?
From Foreign Policy
Must-read of the day - Thursday, 23 April 2009
The Reeducation of Tim Geithner
Growing up is hard to do--especially in public. After his disastrous start, the Treasury secretary is scrambling to learn on the job. But how long can we afford to wait?
From Portfolio
Must-read of the day - Wednesday, 22 April 2009
IMF Says Global Recession Will Be Deeper, Recovery Slower
The Washington-based IMF said in a new forecast released today that the world economy will shrink 1.3 percent this year, compared with its January projection of 0.5 percent growth. The lender predicted expansion of 1.9 percent next year instead of its earlier 3 percent projection.
From Bloomberg
Must-read of the day - Tuesday, 21 April 2009
How Environmentalism Misses the Forest for the Trees
Can environmentalism be bad for the environment?
In Massachusetts, the Alliance to Protect Nantucket Sound has led the fight against providing alternative energy with a wind farm off of Cape Cod.
From The New York Times
Must-read of the day - Monday, 20 April 2009
Chinese Consumers Buck Trend by Spending More
Prime Minister Wen Jiabao said Beijing's stimulus measures are helping consumer spending and growth. Foreign auto makers and other manufacturers already are seeing an unexpected rebound in sales in China..
From The Wall Street Journal
Must-read of the day - Friday, 17 April 2009
Europe Is No Model for Our Banks
Barack Obama is facing a policy civil war within his party. One side is led by New York Times columnist Paul Krugman. The other is led by the president's top economic adviser, Larry Summers. The battle is over the future of Wall Street banks....
From The Wall Street Journal
Must-read of the day - Thursday, 16 April 2009
Regulate Me, Please
My company, Allstate, serves more than 17 million American households. While we played only a small role in unregulated insurance markets, we have a duty to help stabilize the financial system. It was, after all, an insurance product that contributed to the risk that almost brought down the global economy.
By Tom Wilson,chief executive of Allstate in The New York Times
Must-read of the day - Wednesday, 15 April 2009
Uncertainty Bedevils the Best System
In essence, capitalist systems are a mechanism by which economies may generate growth in knowledge - with much uncertainty in the process, owing to the incompleteness of knowledge. Growth in knowledge leads to income growth and job satisfaction...
By Edmund Phelps in The Financial Times
Must-read of the day - Tuesday, 14 April 2009
The Neediest Are Not the M.B.A.'s
A number of recent newspaper stories have suggested that this recession is taking a surprisingly heavy toll among more formerly successful Americans. Yet it is important to recognize that in this recession, just as in every other recorded downturn, unemployment is overwhelmingly concentrated among those who started with less.
By Edward L. Glaeser in Economix
Must-read of the day - Monday, 13 April 2009
With Finance Disgraced, Which Career Will Be King?
Today, the financial crisis and the economic downturn are likely to alter drastically the career paths of future years. The contours of the shift are still in flux, in part because there is so much uncertainty about the shape of the economic landscape and the job market ahead.
By Steve Lohr in The New York Times
Must-read of the day - Friday, 10 April 2009
Rajan Roundtable
To have a better chance of creating stability through the cycle-of being cycle-proof-new regulations should be comprehensive, contingent, and cost-effective...
A Rountable discussion on the structure of new market regulations.
From Free Exchange
Must-read of the day - Thursday, 9 April 2009
The Outlook For China's Economy
China, the world's second largest economy by purchasing power parity, contributed over 10% to global economic output in 2007 and 2008 and is thus a key part of any recovery of the global economy (...)
By Nouriel Roubini
From Forbes
Must-read of the day - Wednesday, 8 April 2009
Ten Principles for a Black Swan-Proof World
1. What is fragile should break early while it is still small. Nothing should ever become too big to fail. Evolution in economic life helps those with the maximum amount of hidden risks - and hence the most fragile - become the biggest.
By Nassim Nicholas Taleb
From The Financial Times
Must-read of the day - Tuesday, 7 April 2009
OECD removes tax havens from list
The Organisation for Economic Co-operation and Development (OECD) has removed all four countries from its blacklist of tax havens.
The blacklist published last week included Costa Rica, Malaysia, the Philippines and Uruguay.
Article from BBC
Must-read of the day - Monday, 6 April 2009
A Tale of Two Depressions
Two leading economic historians show that the world economy is now plummeting as it did in the Great Depression. Fortunately, the policy response to date is much better.
Article from VoxEU
Must-read of the day - Friday, 3 April 2009
The first bricks in a new world order
Some useful progress, but still a way to go. That must be the conclusion of the Group of 20 summit in London
Editorial from The Financial Times
Must-read of the day - Thursday, 2 April 2009
The Quiet Coup
If the IMF's staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we're running out of time.
By Simon Johnson,The Atlantic
Must-read of the day - Wednesday, 1 April 2009
'Failure Is not an Option -- History Would not Forgive Us'
France's president argues that the current global economic crisis was created by a system that has drifted away from the basic values of capitalism. At the G-20 summit, he wants a reform of international financial systems, additional economic aid and speedier crisis management.
By Nicolas Sarkozy
Must-read of the day - Tuesday, 31 March 2009
Electric cars are coming to Europe
The fate of electric cars in the US is better known than the parallel European story thanks to the 2006 film "Who killed the electric car?" Because of this film, we know the sad story of the EV1, the first all-electric car built by General Motors.
From The Oil Drum, blog
Must-read of the day - Monday, 30 March 2009
London Calling
The first task for the leaders of the Group of 20, who will meet in London on April 2nd, will be to do no harm. Let's not have a row over how to run the IMF. And spare us a tirade against "market fundamentalism"
From The Economist
Must-read of the day - Friday, 27 March 2009
Obama seeks JP Morgan, Goldman Support on Bank Plan
Executives from some of the nation's largest banks began arriving at the White House as President Barack Obama seeks support for his plan to stabilize the financial system and move beyond the furor over bailouts and bonuses
From Bloomberg
Must-read of the day - Thursday, 26 March 2009
Battling stigma
The IMF is in search of a role, and a happier reputation
From The Economist
Must-read of the day - Wednesday, 25 March 2009
Dear A.I.G., I Quit!
The following is a letter sent on Tuesday by Jake DeSantis, an executive vice president of the American International Group's financial products unit, to Edward M. Liddy, the chief executive of A.I.G.
From The New York Times
Must-read of the day - Tuesday, 24 March 2009
Beijing wants a new world reserve currency
The People's Bank of China Governor Zhou Xiaochuan announced he wants the vulnerable dollar replaced as the international reserve currency. He suggested the IMF's Special Drawing Rights as a solid super-sovereign currency.
From France24
Must-read of the day - Monday, 23 March 2009
Treasury Offers Details of Plan to Purchase Risky Assets
The Obama administration formally presented the latest step in its financial rescue package on Monday, an attempt to draw private investors into partnership with a new federal entity that could eventually buy up to $1 trillion in troubled assets that are weighing down the nation's banks and clogging up the credit markets.
From The New York Times
Must-read of the day - Friday, 20 March 2009
Do not let the 'cure' destroy capitalism
As governments continue to determine how many restrictions to place on markets, especially financial markets, the destruction of wealth from the recession should be placed in the context of the enormous creation of wealth and improved well-being during the past three decades.
By Gary Becker and Kevin Murphy
From The Financial Times
Must-read of the day - Thursday, 19 March 2009
Foreign Policy asks itself "Is globalization the main cause of the financial crisis?"
By Moisés Naím
Must-read of the day - Wednesday, 18 March 2009
Paying Workers More to Fix Their Own Mess
Do these ideas stem in part from anger and bitterness? Of course they do. How can you not be a little angry and bitter about the role that huge, unjustified pay played in causing the worst recession in a generation?
By David Leonhardt
New York Times
Must-read of the day - Tuesday, 17 March 2009
America Is from Mars, Europe Is from Venus
As the global economic downturn worsens, the industrialized nations are at odds over how to fight the crisis. Obama wants the Europeans to introduce additional stimulus programs, but Merkel insists Germany is already doing enough.
Der Spiegel
Must-read of the day - Monday, 16 March 2009
When jobs disappear
Last month America's unemployment rate climbed to 8.1%, the highest in a quarter of a century. For those newly out of a job, the chances of finding another soon are the worst since records began 50 years ago.
The Economist
Must-read of the day - Monday, 16 March 2009
Tackling poverty in hard times
By Peter Singer
Using the recession as an excuse to reduce aid to the world's poorest people will only multiply the problems we all face.
The Guardian
Must-read of the day - Friday, 13 March 2009
Capitalism Beyond the Crisis
By Amartya Sen
Reflections on capitalism from the Harvard professor.
The New York Review of Books
Must-read of the day - Thursday, 12 March 2009
Any new regulations should help direct savings toward productive investments.
From Alan Greenspan on The Wall Street Journal
Must-read of the day - Wednesday, 11 March 2009
Fifty who will frame a way forward.
The 50 people who can lead us out of the crisis.
From The Financial Times
Must-read of the day - Tuesday, 10 March 2009
Worst crisis since 1930s says Fed
US Federal Reserve chief Ben Bernanke says the world is suffering from the worst financial crisis since the 1930s.
From BBC
Must-read of the day - Monday, 9 March 2009
Downturn will 'set back Millennium Goals by three years.'
Government predicts 90m people falling into poverty Developing countries 'face shortfalls of up to $700bn.'
From The Guardian.
Must-read of the day - Thursday, 5 March 2009
Wall Street on the Tundra
What led a tiny fishing nation, population 300,000, to decide, around 2003, to re-invent itself as a global financial power? In Reykjavík, where men are men, and the women seem to have completely given up on them, the author follows the peculiarly Icelandic logic behind the meltdown.
From Vanity Fair
Must-read of the day - Wednesday, 4 March 2009
Dumb Money
Are executives villains or morons?
From Newsweek
Must-read of the day - Tuesday, 3 March 2009
Stocks: After Dow 7,000, What Next?
The blue chip average's fall below 7,000--and the S&P 500's struggle to stay above 700--show the market is in "uncharted territory"
Investors don't lack ways to measure the carnage on Wall Street. What they're missing is a way to calculate when the losses will stop.
Must-read of the day - Monday, 2 March 2009
Regulations that will stop us from acting crazy next time there's an irrational boom.
When financial historians look back at the last six months, they'll be hard-pressed to explain precisely why our advanced financial system suffered such a catastrophic failure...
Must-read of the day - Monday, 16 February 2009
It may just be a better idea to nationalize the entire economy and be done with it.
From TIME Magazine.
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