The Wall Street bailout proposal has prompted Bill Kristol and Paul Krugman to write identically-minded columns opposing the plan.
posted on Sep 22, 2008 - View this thread

The simple phrase "it's different this time" are the four most expensive words in the English language. Sir John Templeton, 1912-2008, we thank you for this lesson and countless others.
posted on Jul 9, 2008 - View this thread

Academic discussions of stock markets frequently reference The Efficient Markets Hypothesis; an idea that share prices are fairly valued, their prices reflecting all available information. However folklore such as "Sell in May and go away", which proved prudent in 2007, clashes with this theory.
posted on May 15, 2008 - View this thread

Credit Suisse will take a $2.65 billion hit to earnings and post it's first quarterly loss since 2003 due, to no small part, to deliberate mispricing of asset backed securities by several traders operating at all levels of seniority across the 143 year old institution.
posted on Mar 21, 2008 - View this thread

It was twenty years ago today...
posted on Oct 19, 2007 - View this thread

Someone we trust says something reassuring. Fed Chairman Alan Greenspan, arguably the most powerful man in the world, blames "infectious greed" for the recent panic-like tail-spins on Wall Street, but says that the economy is on the way to recovery. One comment held that Greenspan was finally able to let out how he feels about what's going on, without shrouding his opinion in economic jibber-jabber.

"For once he really spoke his mind. He usually tends to obfuscate things quite a bit."

But really, how many of you expected Greenspan to say anything other than "the fundamentals are in place for a return to sustained healthy growth"? Does Greenspan actually feel this way? Could it be that he is actually majorly pessimistic, but is using his soothing sweet-song voice and obvious clout and earned respect to somehow buck recent trends? Bush's speech didn't do much for our faltering economy, but will Greenspan's? Can one man's mere words possibly change the course of history? Well?
posted on Jul 16, 2002 - View this thread