Fix the Credit Problem, Not its Symptoms
Two weeks ago Monday, markets traded down 300 points at the open. The sell-off seemed to be in anticipation of what was widely considered...
Volcker: We Need Leadership to Fix the Crisis
Soothing words from former Fed chair Volcker: "The inevitable recession can be moderated. The groundwork can be laid for...
Nikkei Falls 10%
The carnage continued as US market weakness spread around the world. The Japanese Nikkei tumbled 11.4% before recovering somewhat. The...
Gold Higher than the SPX
Eddie Elfenbein points out that Gold is now higher than the S&P 500. S&P 500 at $909. Gold at $930 This is some pretty wild stuff...
Will the US Fashion a Smarter Bailout Plan?
So far, we in the US have had an ad hoc, half-assed, on-the-fly approach to resolving the credit and financial crisis. The smartest...