September 14, 2008
Alan Greenspan was on ABC This Week earlier today. All unintended puns (and there were many) and buck-passing (and there was even more) aside, it is worth watching. He is a crummy prognosticator, as history shows, but a savvy analyst...
I have had more than a few people ask me via email why BofA is buying Merrill. After all, Merrill is badly broken, and BofA could almost certainly pick up whatever pieces are worth picking up for even less in...
I don't totally agree with the sentiment here, but I love the evocative imagery with respect to what's been happening in financial markets in recent days: The raptors test the fence for weak spots. The speculators think the authorities...
Take a very deep breath. It looks almost certain that this week will be the one where we see the financial implosion in U.S. banking and brokerage that many have been expecting for some time. It reminds me a little...
Steve McCroskey: Looks like I picked the wrong week to quit sniffing glue. -- Airplane (1980) According to news today, here is what we have to look forward to on Monday: Lehman Brothers may seek Chapter 11 protection...
One of my favorite writers is gone. The polymathic David Foster Wallace was found dead Friday night in his Claremont, California, home by his wife. The cause of death was apparently suicide, and Wallace had struggled with depression in the...
