In early March I attended an investors’ dinner. We had some steaks and sat around a room talking about what a disaster the market was. The green shoots in the market – bullshit. Maybe – maybe – when the market hit 500 it would be time to buy. Maybe, but it could be years. I [...]
Archive for June 3rd, 2009
Is It Finally Here?
Posted in Foreigners, Meltdown on June 3, 2009 | 1 Comment »
Reasons to Think Ahead
Posted in Industrial Policy on June 3, 2009 | Leave a Comment »
Eliot Spitzer is back to making sense in Slate, bringing us this: Sure, forcing $1 trillion of taxpayer money—in direct capital, guarantees, and diminished cost of borrowing—into the banking sector has permitted the major banks to claim solvency for the moment. Yet we should not forget that this solvency has come not through a much [...]
