Annapolis, Maryland The Dow sank 344 points yesterday. Oil fell $1.46. The dollar rose to $1.43 to a euro. And bonds went up; the 10-year T-Note now yields only 3.64%. But we’re ...
What a week, eh? No, scratch that! What a month... in fact, what a year! Yes, this economic débâcle has been quite exhausting. Keeping up with it has been a nightmare - not least ...
Annapolis, Maryland Not much action in the markets yesterday...but we don’t have any time to reckon with it anyway. Gold plunged all the way down to $806. Now analysts are starting to ...
The following is a metaphor. On 21 April 2008, Bank of England governor Mervyn King stood at the top of a steep, snow-covered hill. He rolled some snow into a snowball, placed it on ...
Theo Casey and I have been taken to task by a reader. He writes: "Please, don't encourage politicians to lie or be economical with the truth. It should not be acceptable to let them ...
The government has announced a trio of measures to boost the housing market. But the moves are motivated by political — not economic — considerations. If anything, these ‘solutions’ ...
Aiy! We arrived in London this morning, greeted by a dark sky, rain and wind. Ah, the summer... we hardly knew ye... What a delightful summer it was! (More below...) The weather never ...
I’m almost tempted to feel sorry for Alistair Darling. For months he’s been mocked (by me among others) for failing to fully acknowledge the magnitude of the economic crisis. Yet now ...
Paris, France It is Labor Day in the United States of America. The country is taking the day off, in honor of the toiling masses. Since almost everyone toils in some way or another, ...
Ouzilly, France What are we reckoning with today? “Market buoyed by strong GDP report,” says a headline. Yesterday, the Dow managed a strong rise – up 212 points. Oil fell back to ...