Financial Markets

The European Court of First Instance's decision to support the European Commission's Microsoft decision has produced some entertaining public discord between the European and U.S. antitrust authorities. On Monday, Justice Department antitrust chief Thomas Barnett...

Alan Greenspan is in the news a lot currently because of the release of his new book. I haven't read the book. Nor will I read it if it means that I have to buy it or if reading it means that Alan Greenspan in any other way will financially benefit from it. Enriching a hypocritical fraud like...

With the collapse in the price of sub-prime mortgage backed securities and credit derivatives, the credit boom has moved into the crisis phase. This is the place in the cycle where it becomes clear to the market the investments made possible by unfunded credit were mal-investments and they are...

The turmoil in financial markets is eliciting the usual response from the central bankers, all up there in their Hueys, 'Die Walkuere' blasting out of their beat boxes. But the fixation on the 'sub-prime' angle and on the Fed's role in isolation only tells part of the story. While...