We’ll Need Another Volker Within a Decade
When your house is burning, there is no sense fretting over painting the fence. With the U.S. economy mired in what will likely be a recession of historic proportions—and... >>>
American Express (AXP): Worth the Risk?
One of the major developing stories this week is the conversion of American Express (AXP) to a bank holding company in order to receive funds from the government’s... >>>
Downbeat Jobless Claims Data; G20 Meeting Right Around the Corner
When the labor market is in trouble, the US economy is in trouble. Jobless claims rose 516k last week to the highest level since September 2001. The claims for... >>>
China’s $585 Billion Renovation
The global recession has hit China in a big way. Over 67,000 factories have closed in the last three months. An estimated 50 million Chinese workers are now unemployed,... >>>
China: Can Smoot-Hawley Return in a Wholly Different Guise?
Chinese stock markets have bucked the trend in the rest of the world by posting a decent day yesterday and a great day today. Yesterday the SSE Composite rose... >>>
More Labor Pains
This morning’s update on initial jobless claims is both sobering and clear: the economy is contracting and the trend has legs. There’s no debate on... >>>
In the News 11-12-08
In the News: The Philadelphia Inquirer questions whether WHYY’s board is paying CEO Wiliam J. Marazzo too much South Carolina Gov. Mark Sanford asked federal... >>>
Fed Watch: Misguided Policies
Tim Duy says many recent policy proposals are misguided: By Tim Duy · Nov 12, 2008: From the wires: 15:30 *PAULSON SAYS MARKET TURMOIL WON’T ABATE UNTIL... >>>
Hedge Funds Lose Billions in October
Hedge funds logged billions of dollars in losses during the month of October prompting again massive outflows and unsettling the markets in the process. According... >>>
The Pyramid Principle: Venture Investment in a Capital-Efficient World
Large venture firms are in trouble. The combination of too many dollars to deploy coupled with the rapidly declining costs of starting companies has largely rendered... >>>
