November 3, 2008
On Friday the kids went through the neighborhood asking for handouts — the same thing Wall Street did a few months ago. I saw the scariest costume — one kid was dressed as a 401(k). Two kids came together to my house. One was dressed as Mickey Mouse, while the other was dressed as an ACORN volunteer trying to register him to vote. ---Jay Leno Hope you set your clocks back an hour this weekend. I’m thinking, Read Full Article
October 17, 2008
Report more evidence nation is struggling with a weak economy Construction of new homes plunged by a bigger-than-expected amount in September, as builders slashed production to the slowest pace since early 1991, when the country was in a deep recession. Friday’s housing report was yet another piece of evidence that the nation is struggling with a weak economy that, if the financial crisis is not solved, could dive into a sustained downturn. President Bush on Friday said in a speech Read Full Article
September 24, 2008
A huge, statement-making move will inspire private equity to get on board and solve the crisis of confidence on Wall Street. Federal Reserve Chairman Ben Bernanke says the rescue of the nation's financial system is "a matter for psychology." I was a psych major and a pro trader. I can speak to this. We should talk about the crisis of confidence at work here; it too often gets lost in the noise. Ultimately, there's no "real" price for anything. Not even gold. Treasury Secretary Read Full Article
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