Commentary

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Title: Revenge of the Quiet Advisor - Adobe PDF (size: 145.9 KB)

Date Posted: 01/08/2009

Comments:

A light-hearted review of a series off-the-mark predictions.


Title: Another Great Depression? - Adobe PDF (size: 96.9 KB)

Date Posted: 10/19/2008

Comments:

The Great Depression began in earnest in October of 1929. By 1933, unemployment rates spiked to 25%, incomes plunged, construction stopped, thousands of banks failed and people suffered for years. The seriousness of the current economic situation invites comparisons to 1929. How a government responds to an economic crisis is vitally important. Generally, that response comes in the form of monetary and fiscal policy. Let’s hit the highpoints.


Title: Moral Hazard – The Root of the Problem - Adobe PDF (size: 104.2 KB)

Date Posted: 10/19/2008

Comments:

As the global markets grapple with the notion that the U.S. financial malaise has spread to Europe and Asia, contagion ripples across the globe. Financial assets are now clearly out of favor as panic-stricken investors race one another to flee the capital markets.