Credit Bubble

Those valuations are dizzyingly high. They'd be justified only if the company's top line was growing exceptionally fast, if its bottom line were growing equally fast, and if the risks to the company's business model were modest and controllable. Not one of those things is true.

Latin America faces two principal economic challenges going forward: to increase the sustainable rate of economic growth and to reduce the volatility of growth.

Editor's Note: This post has been removed from the Huffington Post....

David Tice, running counter to the Wall Street herd, thought the bulls were out of their minds and he predicted that all hell would soon break loose, with both the economy and the stock market going into a tailspin.

I spoke with Joseph Stiglitz about the momentous power shift taking place as we sift through the debris of America's busted credit bubble.

By fueling anger over AIG bonuses, Bernanke is playing a very old game. By aiming at AIG, he is distracting public anger from the Federal Reserve. He is protecting his reputation and legacy.

Lehman Brothers, Inc., released its second quarter earnings last week, reporting a loss of $2.8 billion ($4.1 billion before taxes). The losses were c...