After All That, Stock Market Finally At Fair Value
The good news is that, after 15 years of being overvalued, the S&P 500 is finally priced to deliver an average long-term return: about 9%-10% in nominal terms and 6% after adjusting for inflation.
HuffPost's QuickRead
Das Krapital
For next week's class, please write a seven hundred billion word essay on why Black Friday Trampling will become the next "moshing." Dismissed.
$7 Trillion Meltdown 101: How We Got Here, What to Do Now
It's worth it for non-economists to better understand how got into this mess -- and how to get out of it.
AIG Pulls Fast One -- "Cash Awards" Going To Managers
On the eve of Thanksgiving, obviously knowing the markets would be closed on the holiday and that few people would pay attention, AIG actually notified regulators that, well, yes, bonuses would be given out.
Obama's Wall Street Woes
Obama presented his economic team -- all protégés of Robert Rubin -- just as the Treasury was pumping out billions to rescue Citibank -- which featured Rubin as chair of its executive committee. Is this the change we need?
The Rebirth of Keynes, and the Debate to Come
What the hawks don't get is what John Maynard Keynes understood: when the economy has as much underutilized capacity as we have now, government spending that pushes the economy to fuller capacity will of itself shrink future deficits.
Obama Chooses Wall Street Over Main Street
Maybe Ralph Nader was right: the same Wall Street hustlers will have a lock on our government no matter which major party wins the election. How else is one to respond to Obama's economic picks?
Who Could Have Predicted Revolution in Iceland?
All that asset and currency inflation derived not from a miracle, but from the same old historical pyramid scheme of banking fraud.
CEO to Self: "What Do I Do at Work Today? I Dunno."
We can't afford CEOs, who may be stars in the Casino Economy, to be failures in our economy. We are the victims of their greedy crimes. And ironically so are they as long as they cling to the past.
Building a New Wall: The Fundamental Right to Healthcare
Instead of spending money on more band-aids, a revised Constitution with a health care amendment would give direction to a unique American purpose and, over time, solve an historic problem.
Was Marx Right? The Bailout and the Auto Industry
We need a bailout of the auto industry to give the new contracts and the new automotive products a chance. And then we need to address the larger question about the auto industry, and about American industry in general.
Buy Now: One of World's Best Investors
One of the few investors or money mavens who guessed the meltdown was coming is Canada's Prem Watsa, Chair and founder of Fairfax Financial Holdings L...
Gratitude Triumphs Over Grinch
The geniuses of Wall Street, with their twisted version of capitalism, have conspired to steal not only Christmas but also the nation's traditional day for counting its blessings.
Robert Rubin: Coward or Liar -- or Both?
It's Judgment Day. Rubin needs to get a pink slip and stand on the unemployment line with the vast sea of people he helped put there.
Empty Wallets And Empty Malls Leave Retailers Desperate
Along with the rest of us, salespersons are afraid of losing their jobs and making ends meet. Retail workers still have to make a living under these harsh conditions and desperate times are definitely calling for desperate measures.
Time to Change the Rules Rather Than Throw More Money at the Banks
The current lesson for the commercial banks is that if they want to survive, they should not do any of the things -- such as increase lending -- that the Treasury is trying to get them to do.
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We didn't just have "Barbarians at the Gate", but barbarians as our very gate keepers...!
Simple as that...
As a Democrat, I am confused as to why Barney Frank, et al. didn't sound the warning bell either. As much as I hate to admit it, I 'm inclined to think all parties were complicit in this fiasco. Perhaps it started as a way to get low-income people in their own homes, but I think all knew it was snowballing into something dangerous. I would like to see a full investigation and an entirely new finance committee.