As we think about who is best to lead our nation, we should also be asking ourselves who is best suited to repair the damage done by the Bush Administration to America’s reputation internationally. Many people abroad were with us after 9/11, ready to help in any way they could to make sure something [...]

I think Bill Cosby is on to something. In this month’s issue of the Atlantic, you will find a terrific article chronicling Bill Cosby’s transformation from America’s dad to the 21st century Booker T. Washington. The most interesting thing about Cosby is that his legacy comes from Malcolm X more than Martin Luther [...]

I f anyone doubted it, China’s bubble has finally popped. The Shanghai Composite Index is down 50% from its highs in 2007. That is a massive downswing that must have broader consequences. Moreover, this is likely the result of a realization that Chinese equities were overvalued in a world where the U.S. [...]

As the Fed Funds rate gets close to zero, pundits have been worrying about a pending liquidity trap. While I think these worries are well placed because the Fed is running out of bullets, I am more concerned about inflation right now.
We are in the midst of a credit crisis. Banks are having [...]

RBS, the second largest British bank behind HSBC, has finally come clean on the credit crisis. The price? An enormous $24 billion in new capital needed. This is a huge story because this does not even begin to discount the credit problems British banks are likely to suffer when the UK market starts [...]

There is a good article on Obama’s political proving ground in Chicago from the front page of today’s Wall Street Journal called “For Obama, Chicago Days Honed Tactics”. I recommend it highly.

The Democratic primary fight has been nasty for quite some time now. The biggest casualty of that contest now seems to be Barack Obama’s message of hope. As this thing drags on and on, it is clear that both candidates are now duking it out by pandering to the masses with negative campaigning. [...]

As the writedowns at global financial institutions near $300 billion in capital lost as a result of the sub-prime crisis, the question as to when we reach a bottom is ever more urgent. Market history tells us that the severity of the bust after an economic upswing is usually related to the size of [...]

This morning I was reading an article on the Internet about Nash McCabe, the woman who asked Barack Obama why he doesn’t wear an American flagpin at this past Wednesday’s awful ABC televised debate. Overlooking how ludicrous it is that the media have given legitimacy to this kind of question, the article really did [...]

Today, as I write this blog entry, the U.S. Economy is in crisis. We have a massive consumer and mortgage debt problem. Gasoline and food prices are going through the roof. The U.S. dollar is plunging. People are losing their jobs and their homes. All of this is pretty nasty stuff. How do [...]