Critical Thinking Skills
At 6:00 this morning I was in the middle of my daily 15 minute workout routine, watching CNBC’s Squawk Box and trying to get a read on the markets. If you’re unfamiliar with this show, it’s hosted by Joe Kernan, Becky Quick and Carl Quintinilla. If...Are Treasury and Congress Doing The Right Thing?
I’m surprised there has not yet been a run on my bank. The way that Bush, Paulson and Congressional Leaders are reacting to the liquidity angst on Wall Street would make you think there’s no money left, and we only have days or perhaps hours to get our...The Latest Tale of Greed and Hubris
As more than a casual observer of the recent economic and business events of the last two weekends, it occurs to me that the age-old adage “Pigs get fat, hogs get slaughtered” applies here. It is truly regrettable that such venerable institutions as Bear...Is The Crisis Abated?
On Sunday I shared some initial thoughts about the Fed take-over of Fannie Mae and Freddie Mac. If you read it, you know I’m not exactly happy about the outcome. My friend Bithead shared some great thoughts Monday, and I don’t disagree that something...Congress Is Finally Back, Price Of Oil Drops Again
Crude oil dropped to $105/bbl Monday, down $1.26. After hours the price continued to fall, as of midnight it was hanging around $102/bbl. Since hitting it’s high at 147.27 on July 11 (that’s still less than 2 months ago), the price has fallen almost 30%. ...Stay in Touch
