My Two Cents

Markets don't go up forever. We saw that with dot.com stocks and residential real estate. Today the speculative excesses are in commodities....

Booms and busts are inevitable in a capitalist system. Right now, the Federal Reserve and, belatedly, the U.S. Treasury, are out to avoid facing...

We know that the Federal Reserve will cut its benchmark interest rate this week, perhaps by as much as percentage point. That would bring its rate...

My latest musing on the economy....

The loss of 63,000 jobs in the latest employment report is bad. Worse is the drop of 101,000 private sector jobs, the third straight month of...

As predicted, financial institutions are starting to cut credit limits, not raise them. This anecdote comes from money manager John Maudlin....

My latest musings......

For years the banking system has argued for deregulation. The message from the banking industry to government was "leave us alone" and "let the...

My take on the latest economic numbers. I talked about this yesterday with Kerri Miller on mid-morning (you can listen to it here). I also wrote...

Okay, oil breaks the $100 barrier. That hurts. That said, (and this could be a strange way to look at the price action), but I wonder if the oil...