September 11
I decided not to address the issue of 9/11 in today’s Market Commentary. Several of you have asked why, and in brief, I have...
Grasso versus the Nasdaq
Compare the 2 charts below. I find it fascinating — and perhaps not coincidental — that Dick Grasso’s compensation...
The $200 Million Dollar Man
Let me get this straight: NYSE chairman Dick Grasso, whose been under fire for recieving an outrageous pay package of $140 million...
Embarrased by the States, the Feds Get Ready to Indict Ken Lay
The WSJ has an article out this morning worth perusing: “Probe of Enron Ex-Officers Intensifies” Isn’t it funny, that...
Are you a Neocon?
A quick post before leaving for the beach: Are you a: Isolationist Liberal Realist Neoconservative ? Take the Christian Science Monitor...
True Size of Government
The Center for Public Service released a “Fact Sheet on the New True Size of Government,” by Paul C. Light, Director...
Lag This! Payrolls Drop by 93,000 Jobs
Yes, payroll numbers, unemployment and joblessness are lagging indicators. It’s a well known understood process: As companies start...
Now you tell me . . .
Bernard Bernanke on the thankless task of economic forecasting: “When I was a boy in South Carolina, my parents always advised me...
Structural Job Loss “Complicates” Recovery
On numerous occasions we have written (more times than we care to recall) that this has been a unique recession/recovery cycle with a...
States Embarrassing the Feds, part IV
After years (if not decades) of failing to discharge their duties with diligence or honor, we have now reached the point where the SEC is...