Idiots Fiddle While Rome Burns
The collection of ne’er do wells, clueless dolts, political hacks, and oh, let’s just be blunt and call them what they are...
DON’T PANIC (Again !)
“DON’T PANIC” – Words inscribed in large, friendly letters on front cover of The Hitchhiker’s Guide to the...
Blind Denial About Running a Good Business
Some people are discussing these financial issues as if they were a random black swan event. But that’s incorrect; these events are...
About Those Companies Brought Down by Rumors . . .
Here’s a question I’m curious about: We’ve heard from oh-so-many people how whisper campaigns have brought down so many...
Poole: Fannie, Freddie `Insolvent’ After Losses
This mornings must read article is Bloomberg’s summary of former St. Louis Federal Reserve President William Poole comments on the...
Same As It Ever Was
Welcome to the second half of 2008. We begin the second half pretty much the same way we finished the first half: Equities under...
Who Killed Bear Stearns?
Fascinating read in the August edition of Vanity Fair: They wades into the"Did short sellers kill Bear Stearns" (BSC) debate:...
Reshaping of Wall Street
Mike Santoli on the Reshaping of a newer, smaller Wall Street: click for Video This is based on the article in this week’s cover...
Bagehot Was Wrong (?)
Interesting piece by Jim Grant, from his usually subscription only Grant’s Interest Rate Observer: "Nowadays, the consensus of...
The MonoDuoline Quandry
This mornings must read article is via the NYT’s Gretchen Morgenson and Vikas Bajaj on Credit Default Swaps: MBIA Debt Is Setting...