Booms and Busts

In their eagerness to keep the pot boiling somehow, somewhere, many financial pundits are spinning the line that Emerging Markets now offer a form

While panelist from The Onion debate this issue, deleteri

It’s been a kick digging up all these lost books by Garet Garrett. What amazing insight he had in economics and politics!

The Wall Street Journal recently featured a lead article on economist Hyman Minsky:

Granted, many of us have benefited from this era of "easy money," but that is going to change. Indeed, the party is over, the lights are out, and I don't know when they will be turned on again.

Despite what critics of the ABCT say, entrepreneurs can't easily avoid the effects of Fed intervention.

A bizarre letter to the editor in the Business section of the Boston Globe:

James Grant writes in the New York Times today, on cue as

With the collapse in the price of sub-prime mortgage backed securities and credit derivatives, the credit boom has moved into the crisis phase.

The turmoil in financial markets is eliciting the usual response from the central bankers, all up there in their Hueys, ‘Die Walkuere’