I’ll be on Bloomberg radio today from 11:30ish til noon, discussing AIG, Bear Stearns, the Fed, and our many many Bailouts.
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The criminal enterprise, formerly known as Russia, has decided to halt trading. With its stock market down 57%, Putin & Co. are being...
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Terrific interactive graphic from the NYT showing the financial destruction caused by the wall street meltdown. 29 firms have lost about...
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Both John McCain and Barack Obama responded quickly to the turn of events on Wall Street this week. Early Monday, McCain said “the...
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Here are 4 items regarding the AIG bailout that are worth thinking about: 1) AIG is the world’s biggest insurer. AN uncontrolled...
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Got back long after the FOMC news was released. As we expected yesterday, the Fed disappointed the perma-bulls and left rates unchanged....
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Bloomberg: Excerpt: The U.S. Treasury is considering taking over American International Group Inc. under a conservatorship as one option...
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Every now and again, I say something to a journalist, and when I read it back, I say, "Hey, did I really say that? Gee, that’s...
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A few people have asked why I am not more enthusiastic about any bounce off of these technical levels. The simple answer is that we are...
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It has long been my perspective that following the great crash of 2000, we would be stuck in a secular bear market, with cyclical rallies...
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