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We never completed our reflections on why you need a refuge…a place to retreat…a family stronghold. As society becomes more complex, each man depends...
How Fear of Economic Shock Drove China’s State Control and Forex Hoarding
In an interview by The Browser discussing Yasheng Huang’s book, Capitalism with Chinese Characteristics: Entrepreneurship and the State, Northwestern University...
Sleeping Easy Despite Moody’s Downgrade Threat
Hmmn… There must have been change in the Matrix. We experienced a major deja vu this morning. It began when we read this headline from The Wall Street Journal:...
Illinois is No Peter Pan
“I’ll never grow up, never grow up, never grow up, Not me!” – Peter Pan, Lyrics from play “I knew Peter Pan and you’re no Peter Pan.” – Vice-Presidential...
Yeah, Thanks A Lot!
This week, Americans sit down in their sturdy chairs to enjoy a national feast. Businesses are shut down. Congress is adjourned. For one day at least, citizens can...
Debt Delenda Est
The subject is debt; it needs to go away. Debt was the market’s bête noire, this week and last. In Europe, it snatched up the Irish and carried them off. Then...
Looking Back on the Grasshoppers’ Indian Summer
It was as though the winter would never arrive. The slumbering summer stock markets of 2010 lept to life. September recorded the best market month since 1939. In...
Why Fed Meddling is Only Prolonging the Financial Crisis
Here’s the story: The Irish caved in. Apparently, they negotiated a deal. They’re going to go for a bailout. This was all it took to bring stock market investors...
All Eyes On the Fed: Awaiting Bernanke’s Decision
The world waits… Stocks barely budged this week. Gold bobbed around like an anchorless sailboat, adrift in a vast ocean of guesses, speculation and rumor....
Markets React to the Death of Néstor Kirchner
The city is deserted. Shops are closed. Cafés are empty. Parks and playgrounds stand idle, their trees and swings blowing gently in the soft spring breeze. Today...
IMF-G7 Weekend Will Just Hurt the Dollar More
Central bankers and finance ministers from around the world are converging on Washington, DC this weekend to discuss, among other things, the global wave of currency...
Debating the True Value of the Chinese Yuan
Well, that was a whole lot of nothing. Bigwigs from the International Monetary Fund met over the weekend in Washington to “tackle global imbalances,” as the...
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