My Two Cents

The signs were there that this was going to happen. I think this is more than just reverberations from the credit crunch. When it comes to student...

The opening paragraphs from today's Wall Street Journal:...

Here is some background on the idea of what I'm calling the New Frugality. It's a theme that explains much of what is going on with the economy....

Last week, Tess and I talked about my theme that a half-century of borrow-as-much-as-possible and spend-as-much-as-possible may be coming to an end...

You've heard President Truman's famous quip that he wanted a one-handed economist after getting so many briefings on the econonmy that started with...

I wonder when this credit card action by Citigroup crosses the pond to the U.S.? From today's Wall Street Journal:...

Here's my reaction to the government's GDP report and the Fed rate cut......

The $7.2 billion fraud at France's SocGen, the world's leading equity derivative trading house, is breathtaking....

I'd love suggestions on books to read or research about poverty in the U.S....

The markets are always dominated by narratives, attempts to make sense of the world. Only a few weeks ago, going into the New Year, the dominant...