Bacevich: The Limits of Power
Is an imperial presidency destroying what America stands for? Bill Moyers sits down with history and international relations expert and...
All the Kings Horses and All the Kings Men . . .
Humpty Dumpty sat on a Wall Humpty Dumpty had a great fall All the King’s horses, and all the king’s men Didn’t...
Yes, Virginia, this is a crash
Nasdaq down 9%, S&P500 off 8.8% Dow off a mere 7%. Set your downward targets to SPX 975, plus or minus. That is both a technical...
House Votes Down Bailout Bill; Dow Down 716
They disliked the plan at the open, and — apparently — disliked NOT having the plan even more! Yays are 205, Nays are 228 . ....
What Lehman’s Collapse Would Have Wrought
Today’s must read MSM article is a page 1 article in WSJ on the impact of Lehman’s collapse on the global financial markets:...
Fed & Treasury Needs to Stop Targeting Asset Prices
The 110-page "Emergency Economic Stabilization Act of 2008" has been written, and is going to Congress today. Market reaction...