Have you noticed our politicians so often do exactly the wrong thing? They mean well, but in their haste to propitiate us, the voters, they cause more damage than good.
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We are seeing some of the best stock valuations in the last century. Once fear of illiquidity dissipates, the stock market will get back to normal levels.
If you do not find stock prices cheap now, with the market pulverized 45% in the last year, then you probably should never own stocks.
Imagine a world in which Uncle Sam is the monopoly supplier of bananas, in the same way that he is now the monopoly supplier of money; eventually people will become anxious about future decisions of the banana board.
We lured the Chinese, Japanese, Europeans and Arabs to take our currency and our financial instruments, money market funds, SIV's, CDS's and mortgage paper galore.
Recent events should not be allowed to obscure the reality that the news media played a pivotal role in stampeding the country into a bailout that was unwise and unjust.
Mr. Bernanke doesn't say it, but the current crisis in the subprime mortgage market may be a perfect illustration of the financial accelerator at work today.
Markets tanked Thursday - with the Dow falling nearly 700 points during the session - as panicked investors dumped stocks across the board.
During the last two minutes of a Sarah Palin speech, the market crashes 277 points....
It is ironic that real estate, the cause of the economic collapse, may eventually be the unintended beneficiary of our steep downturn.
The Dow closed at 11,453.42 which means the index is now in the red for the millennium. The Dow closed December 31, 1999 at 11,497.12.
Of course, tha...
It's ironic that while the nation is engaged in the most hopeful, positive political campaign in decades, the financial markets are hawking up phlegm and getting ready for the Big One.
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