Here’s an excellent article in today’s New York Times by David Leohardt about the comparison between our current economic mess and the infamous 1981/82 downturn: Economic Scene – The Economy Is Bad, but 1982 Was Worse I recommend it because we need to keep perspective as we throw around words to describe the current problems. […]

Well, the dramatic fall in bank stock prices is pushing us closer to the day of reckoning when American policy makers will have to face the prospect of full nationalization of at least one, if not two or three, of our largest banks. I have been beating this drum for a while and want to […]

The deal between Chrysler and Fiat announced today is truly remarkable for one thing: no cash changed hands. Here’s the news from MarketWatch.com: Fiat gets 35% stake in Chrysler for no cash Isn’t this odd? Here we have Chrysler a cash strapped and near bankrupt company making a significant business deal in which its owners […]