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finance

Aug 6, 2010

Global economy in second quarter not so good

What a difference a month makes. The market experienced a healthy start this year. The first quarter showed the S&P with a credible, 4.9 percent gain. A global recovery seemed […]

Jul 9, 2010

A third depression?

In a recent article in The New York Times, Nobel laureate Paul Krugman raised the specter of a third depression for the United States. A Nobel Memorial Prize in Economic […]

Jun 11, 2010

What caused the crash of 2:45 p.m.

On May 6, at 2:45 p.m., the equity markets in the U.S. crashed without warning. During a unique 17-minute period, the market suffered the largest intraday decline in market history. […]

May 7, 2010

A slow economic recovery puts more focus on elections

Last month’s column, “Is there any good news among the grim?,” cited several instances of progress on the economic front. April has brought more good news, among still grim employment […]

Apr 9, 2010

A perversely optimistic future

With unemployment at a stubbornly high rate, home foreclosures still proliferating and commercial loans (especially for real estate) teetering, is there reason for optimism? Sometimes adversity is reason for optimism, […]

Mar 5, 2010

Joblessness will be long, severe

“…The social legacies of the Great Recession are still being written, but their breadth and depth are immense. …We are living through a slow-motion social catastrophe, one that could strain […]

Feb 5, 2010

Obama strikes back

In the Scott heard around the world, previously unknown Massachusetts state Rep. Scott Brown (R-Mass.) drove his dusty, old pickup truck to victory in knocking off the Democratic nominee for […]

Jan 8, 2010

The lost decade and beyond

Much has been written about the lost decade of Japan, which has now become two decades. Now the United States has lost a decade of its own, which hopefully will […]

Dec 11, 2009

Economic data suggest reasons for optimism

As I have stated before, the economy won’t hit the bottom until housing prices stabilize. Recent reports show that single-family home prices in the U.S. posted a slight 0.2-percent increase […]

Nov 16, 2009

Voters take whack at Obama-nomics

On the last day of October, which traditionally is a weak month for the market, the Dow Jones dropped nearly 250 points. It was its 10th triple-digit move of the […]

Oct 13, 2009

Big quarter may not salvage index’s decade

The quarter that ended on Sept. 30 was one of the best quarters in years for the market. The Dow averages, the Standard & Poor’s index and NASDAQ all added […]

Sep 11, 2009

China leads the way to a global recovery

Stocks have rallied nearly 50 percent since its low on March 9. In spite of this, the S&P 500 stock index is still missing nearly $5 trillion in market value […]



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