"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
Since Thursday, when the Senate voted Yes on the bailout and an okay by the House looked probable, the Dow has dropped 500 points. The Dow really started dropping today at about the time the House passed the bill. The…
Please vote NO on the bailout package. It seems Wall Streets wants its $700 “or else” our retirement plans get shot in the head. But why rush to put so much control and money into their hands? Why not first…
Put ’em all together in a room and let their “various cannibalistic and generally sociopathic” tendencies work to our advantage by letting them destroy each other, says Paul Kedrosky. Like they say in Texas, they needed killing.
Ok, maybe it’s not that bad. But Nouriel Roubini and Barry Ritholtz are not optimistic about what’s coming down the economic pike, as witness their comments on a conference call today. Roubini is a perma-bear who used to be considered…
From Fortune The dollar amount of credit default swaps is greater than the world’s economic output. They started out being a way to buy insurance against debt default. But even this was sleazy. Only insurance companies can legally sell insurance.…