Debt Is One Person's Liability, But Another

The French, Unfortunately, Actually Believe What They Say, And That Has Been Very Destructive.

A Snarky But Accurate Description Of Monetary Policy Over The Past Five Years Is That The Federal Reserve Successfully Replaced The Technology Bubble With A Housing Bubble

Consumer Spending Is Now Plunging At Serious-recession Rate ... Even If The Rescue Now In Train Succeeds In Unfreezing Credit Markets, The Real Economy Has Immense Downward Momentum. In Addition To Financial Rescues, We Need Major Stimulus Programs.

I Predict That In The Years Ahead Enron, Not Sept. 11, Will Come To Be Seen As The Greater Turning Point In U.s. Society.

So, Very Early Reports Are That Obamacare Exchanges Are, As Expected, Having Some Technical Glitches On The First Day - Maybe Even A Bit Worse Than Expected, Because It Appears That Volume Has Been Much Bigger Than Predicted. Here’s What You Need To Know: This Is Good, Not Bad, News For The Program... Lots Of People Logging On And Signing Up On The Very First Day... Is An Early Indication That It’s Going To Be Fine, That Plenty Of People Will Sign Up For The First Year Of Health Reform.