My article yesterday got a big response, most of it positive. Several emails accused me of being a comfortable rich person who doesn’t give a damn about poor people. Several, who apparently can’t read my bio, accused me of being some ivory tower academic. Today, the WSJ, supposed bastion of free markets, takes a similar [...]
Fred Frailey at Kiplinger has some good investment advice:
So I am going to suggest six things you can do, right now. Sensible things. Constructive things. You’ll stay busy and time will pass faster. By the time you’ve finished these six tasks, I predict, Ms. Pelosi and the House Republicans will have resolved to behave better [...]
Via Bloomberg:
Sept. 30 (Bloomberg) — The U.S. Securities and Exchange Commission and the Financial Accounting Standards Board may issue additional guidance on fair-value accounting rules, people familiar with the matter said.
The SEC may say companies can rely more on assumptions such as expected cash flows in assessing how much assets are worth, said the people, [...]
Lombard Street Research agrees with me (via Barrons):
U.S. CONGRESS STRUCK A BLOW FOR FREEDOM yesterday, giving the lie to its critics on Wall Street and the administration, who have shown a far weaker grasp of principle.
My colleague Brian Reading argued for a buyout rather than a bailout a few days ago, and that seems to [...]
