Markets

Oct 02, 2008 at 00:00

For at least the next month, the public conversation is going to be completely dominated by the November election and the political maneuvering to address the financial crisis. There will…

Oct 02, 2008 at 00:00

My voice trembles as I read aloud that now, for the first time ever, the Fed has created over a trillion dollars' worth of new credit, $1,134,942,000,000.00 to be exact,…

Oct 02, 2008 at 00:00

Decisions are about to be made that reach far into the future. The destiny of the little ones, here, and not yet come, lay in the balance. We must choose…

Oct 02, 2008 at 00:00

Falling interest rates destroy capital as they raise the liquidation-value of debt contracted earlier at higher rates. By 'liquidation value' is meant the sum that will liquidate the debt, should…

Oct 02, 2008 at 00:00

Imagine a game of Monopoly in which one of the players wins, all the buildings, Boardwalk, hotels and railroads. Then in a reality moment the pot becomes $700 billion and…

Oct 02, 2008 at 00:00

This global fire was caused by the greed of the white collars on Wall Street and their mortgage lending to people who really couldn't afford it. The only thing that…

Oct 02, 2008 at 00:00

We base this forecast on the growing evidence that that weakness in the manufacturing and goods producing sector has spilled over into the once potent service sector. We anticipate that…

Oct 02, 2008 at 00:00

Clearly into the credit crisis phase of the current cycle beginning last summer, Treasuries have been the asset class of choice for the foreign community. It's a natural. Institutionally the…

Oct 02, 2008 at 00:00

I am not in favor of nationalizing banks. However, I am in favor of doing anything to promote discussion that will stop the worst of all possible alternatives, that being…

Oct 02, 2008 at 00:00

Since Congress has political risk if they take no action concerning the financial crisis, we can expect some form of a bailout package to pass in the coming days. Once…