Pierre Lemieux

Some investors have come to believe that, whatever mistake they make, they have a right to their profits, and the authorities will enforce it. The rescue of Bear Stearns, the two GSEs and AIG will only fuel this belief.

The recent run-up in oil prices drew interesting reactions, writes Pierre Lemieux. Some analysts have tried to explain how reductions of crude demand by refineries can push crude prices up!

The continuous invention of new regulatory frauds undermines the gravity of real fraud, writes writes Pierre Lemieux. What we have seen since the beginning of the 21st century looks like a repeat of the witch-hunt of the 1980s.