…Calmly observing the changing world

While very few people seem to know what is really going on, everyone seems to have figured out by now that whatever it is, it’s getting worse. But if you think Americans are worried, just imagine how the people who lend us money feel. Well, the Japanese, long time major creditors of the United States, [...]

The stock market is a rough place, as it proved to us again today. It’s almost enough to make you want to swear off the markets for good, and invest in something guaranteed to pay you a 3% return. A lot of investors felt that way as they pushed yields to what are truly ridiculous [...]

Remember when the world as we knew it was falling apart and the only thing that could possibly save us was a daring and bold plan to buy troubled assets held by financially battered corporations? Everyone seemed to agree that it was the only reasonable thing to do – no matter how much money it [...]

Every four years it seems we are told that we face the most important election yet in the American experiment. In fact, it often does seem like the most important election. It’s difficult to be objective about the present though – it’s all we seem to have a clear view of. But why should this [...]