Daily Archives: July 7, 2009
Who Needs Stocks When You Have a Mattress
Nearly 13 years after making ‘irrational exuberance’ one of the most familiar phrases of all time, stock market investors are anything but exuberant. On 12/5/96, when Greenspan suggested that stock market investors may be out of touch with reality, the … Continue reading
American Socialist State
President Obama’s visit to Moscow this week may turn out to be a very good thing. Forget all this jibber-jabber about nuclear disarmament. There is no better reminder than the former Soviet Union for how the fantasies of a few … Continue reading
Is Your Company Fundable?
Is Your Company Fundable? America’s unemployment rate–the worst in 26 years–has stopped the stock market cold. It has moved the recovery goalposts down the field, maybe into next year. Hope resides with America’s growth companies. But they sit at the … Continue reading
Better to suffer now than in the long-term
Last week saw the publication of some of the scariest numbers so far in this recession. Britain suffered its worst quarterly fall in GDP since 1958: a year when Harold Macmillan was prime minister and the Soviet Union was launching … Continue reading →