Booms and Busts

Alan Greenspan is in the news a lot currently because of the release of his new book. I haven’t read the book.

In their eagerness to keep the pot boiling somehow, somewhere, many financial pundits are spinning the line that Emerging Markets now offer a form

While panelist from The Onion debate this issue, deleteri

It’s been a kick digging up all these lost books by Garet Garrett. What amazing insight he had in economics and politics!

The Wall Street Journal recently featured a lead article on economist Hyman Minsky:

Granted, many of us have benefited from this era of "easy money," but that is going to change. Indeed, the party is over, the lights are out, and I don't know when they will be turned on again.

Despite what critics of the ABCT say, entrepreneurs can't easily avoid the effects of Fed intervention.

A bizarre letter to the editor in the Business section of the Boston Globe:

James Grant writes in the New York Times today, on cue as

With the collapse in the price of sub-prime mortgage backed securities and credit derivatives, the credit boom has moved into the crisis phase.