My Two Cents
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Social Security and inflation
Oct 16, 2008
Social Security says that benefits will increase by 5.8% in 2009. Social Security is really the only retirement product that offers genuine...
J.P. Paulson? And a global central bank?
Oct 14, 2008
It was one of the most dramatic moments in U.S. financial history: The financial panic of 1907....
The Intrade bettors
Oct 14, 2008
Bloomberg has a good story on what the bettors at Intrade are predicting when it comes to the presidential election:...
And they earned this because...?
Oct 14, 2008
The Institute for Policy Studies has estimated the CEO pay of the top semi-nationalized banks. It's a combined total of $289 million for 2007....
Futures market
Oct 14, 2008
The bettors on the Iowa Electronic market now place the odds of Obama winning at 85%.
Universal health insurance
Oct 13, 2008
One common criticism of universal health insurance is that we can't afford it. That argument no longer holds after the trillions spent on the...
For public good, not for profit.
The next crisis: Deflation?
Oct 13, 2008
Several years ago I wrote a book, Deflation: What Happens When Prices Fall. I don't think we are going to have another Great Depression. The...
The start of the end of the financial crisis?
Oct 13, 2008
Investors around the world are heartened. There are more bank failures to come, and the financial crisis is far from over. But I think the...
What comes next?
Oct 13, 2008
Clive Crook of the Financial Times captures the essence of the government rescue plan at home and abroad....