My Two Cents

We're in the midst of the biggest financial crisis since the Great Depression. Now, it does appear that the crisis is starting to recede somewhat,...

Peter Bernstein is the dean of finance economists. His newsletter is widely read--with good reason. We all learn something from it. In his latest...

Here are excerpts from two investment giants. They differ, although both agree that Treasury Inflation Protected Securities or TIPS are attractive....

The Chicago law professor Eric Posner has a really nicely reasoned post on why policymakers shouldn't treat housing as such a favored asset. I came...

The Federal reserve Bank of Minneapolis has created a really useful web page for monitoring this recession, and comparing it to other recessions at...

Clearly, bad news on the employment front......

The unemployment numbers look to be grim tomorrow....

One of the joys of traveling to New York is reading the headlines at the New York Post. Yesterday, the tabloid had a lot about Ponzi-schemer...

Thanks to Mike Mandel at Business Week, I became aware of this important paper, the "The Aftermath of Financial Crises* by Carmen M. Reinhart of...

My latest essay:...