Jul 22, 2010
Like abandoned donkeys markets have moved around aimlessly. Long-term 'buy-and-hold' investors have not much to show for their patience. In real terms and accounting for dividends the S&P is now doing worse than during the depression of the '30s
Jun 21, 2010
Money is still being given away for free. Trillions of it. Not to you and me, and certainly not to anybody who really needs it, but the vampire squids of this world, the Goldmans and Schmoldmans, are rolling in dough still being given away for free.
May 14, 2010
The track record was good but short. For a dozen years the European Central Bank (ECB) managed the euro in the austere spirit of the German Bundesbank and didn't allow politicians to interfere in its monetary politics.