by Leah McGrath Goodman | Jul 27, 2011 | Uncategorized
The thing about playing chicken is that fatally high stakes are a prerequisite of the game. And someone — not excluding, say, an entire country — is going lose. If you believe market pundits like Jim Rogers (an American trader of some fame who chooses to...
by Leah McGrath Goodman | Jul 26, 2011 | Uncategorized
“Concentrated power has always been the enemy of liberty.” — Ronald Reagan Wall Street blames Washington for all the financial crises. And Washington blames Wall Street back. It would be amusing, if it wasn’t so pathetic. Now we know the...
by Leah McGrath Goodman | Jul 25, 2011 | Uncategorized
Somewhere in the United States, right now, a billionaire is paying his taxes. This makes some people — not naming any names — very unhappy. In our nation, it is imperative that hedge fund managers, for example, pay roughly 15% on earnings via a handy...
by Leah McGrath Goodman | Jul 23, 2011 | Uncategorized
I was cleansing my inbox today and found this friendly letter to the Fed from 2007 written by our comrades at Long or Short Capital (vaguely connected to our own fake hedge fund, Intergalactic Capital). I was all ready to take a whimsical walk down memory...
by Leah McGrath Goodman | Jul 22, 2011 | Uncategorized
My New England home was my favorite place in the world when I was little. We bought it with several acres of land and it was surrounded by fields and forests and freshwater ponds on all sides. Our property was flanked by the longest line of ancient green-and-blue fir...
