Crisis of Confidence
Seeing the news headlines, clearly people are frightened.The issue we are faced with today is shortage of confidence, not shortage of capital.
Seeing the news headlines, clearly people are frightened.The issue we are faced with today is shortage of confidence, not shortage of capital.
Alan Schram | Posted 11.24.2008 | Business
The Treasury's policy did nothing to build confidence or stabilize the markets. The precipitous drop of the equity markets in October and November are the market's judgment on their policies.
Alan Schram | Posted 11.20.2008 | Business
Paulson is now on his third plan for how to spend the cash Congress gave him. Nobody knows what he will do next.
Alan Schram | Posted 11.18.2008 | Business
Throwing taxpayers' good money into that sink hole called the US auto industry will be tantamount to a transfer of wealth from tax payers to GM employees.
Alan Schram | Posted 11.14.2008 | Business
In the last few months, we have seen the prices of commodities dropping precipitously. Oil dropped from $150 to $60, Gold dropped from $1,000 an ounc...
Alan Schram | Posted 11.11.2008 | Business
Barack Obama is faced with very high expectations. There is only a small likelihood that any human being could actually deliver a performance commensurate with those expectations.
Alan Schram | Posted 11.10.2008 | Business
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.
Alan Schram | Posted 11.03.2008 | Business
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.
Alan Schram | Posted 10.27.2008 | Home
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.
Alan Schram | Posted 10.23.2008 | Business
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.
Alan Schram | Posted 10.20.2008 | Business
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.
Norman Solomon | Posted 10.13.2008 | Media
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.
John Tepper Marlin | Posted 10.10.2008 | Business
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.
236.com | 23/6: The News, But Funnier | Posted 10.06.2008 | Politics
During the last two minutes of a Sarah Palin speech, the market crashes 277 points....
Tom Gregory | Posted 10.06.2008 | Business
It is ironic that real estate, the cause of the economic collapse, may eventually be the unintended beneficiary of our steep downturn.
AP | TIM PARADIS | Posted 08.25.2008 | Business
NEW YORK — Stocks sank in light trading Monday as worries about American International Group Inc. touched off broader concerns that the deterior...
AP | TIM PARADIS | Posted 08.08.2008 | Business
NEW YORK — Wall Street rebounded smartly Friday, shooting higher as a surge in the dollar and another plunge in oil prices eased some of investo...
AP | JOE BEL BRUNO | Posted 08.05.2008 | Business
NEW YORK — An already soaring Wall Street extended its advance Tuesday after the Federal Reserve left interest rates unchanged and assuaged some...
AP | TIM PARADIS | Posted 07.31.2008 | Business
NEW YORK — Wall Street sank Thursday, after weak readings on economic growth and the job market touched off renewed concerns about the financial...
AP | TIM PARADIS | Posted 07.28.2008 | Business
NEW YORK — Wall Street again surrendered to investors' anxiety about the financial sector Monday, sending the Dow Jones industrials down 240 poi...
Crossing Wall Street | Eddy Elfenbein | Posted 06.26.2008 | Business
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...
AP | TIM PARADIS | Posted 06.18.2008 | Business
NEW YORK — Wall Street sank Wednesday for the second straight day on renewed concerns about the financial sector and FedEx Corp.'s warning that ...
Fortune's Stanley Bing | Posted 02.06.2008 | Business
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.
John Tepper Marlin | Posted 11.08.2007 | Business
Equity investors perhaps hang on in the hope that the latest Dow drop is the last, or that another cut in the Fed target rate is in the wings, like cavalry imagined coming over the hill.
Tina Fey graces the cover of the January issue of Vanity Fair, and in an...
President Bush let it all out today during an interview with ABC News' Charlie...
Via ThinkProgress, in an interview with NewsMax, President Bush's brother Jeb...
The following is Part I of Sean Penn's piece, Mountain of Snakes (Read Part II here) The
Governor Palin Neglects Alaska Duties for Partisan Stumping on Campaign Trail...
The Campaign Finance Institute (CFI)...
President-elect Barack Obama announced Monday that Robert Gates would remain as...
Reuters has a Q&A with John Travolta to promote his animated film "Bolt." At the end, they ask him...
NEW YORK — Rush Limbaugh has seldom been a fan of...
After a 12-day hiatus, Sarah Palin stepped back into the spotlight on Monday to...
WASHINGTON — The Bush administration backed off proposed crackdowns...
It started with the fist bump seen 'round the world. Soon...
A revolutionary device that can harness...
Alan Schram | Posted 11.26.2008 | Business