by Leah McGrath Goodman | Aug 16, 2011 | Uncategorized
Warren Buffett, the world’s third-richest man, hasn’t raked in his $50 billion-plus by nursing a bleeding heart for the middle class. In fact, those closest to him (I am talking about his kids and grandkids here) have personally told me the Seer of Omaha...
by Leah McGrath Goodman | Aug 12, 2011 | Uncategorized
Neither super, nor a committee. But it’s our un-super non-committee. A few facts about this unholy union: * There will be 12 members. Mostly picked for political reasons (read: not for their ability to actually fix what ails us). * The 12 members have until...
by Leah McGrath Goodman | Aug 6, 2011 | Uncategorized
The shot across the bow in the Great American Decline came at the usual time: just before the weekend after the market closed on a Friday. This time-honored tradition of announcing horrid things just as one tucks into Friday night was invented by flaks who believed...
by Leah McGrath Goodman | Aug 1, 2011 | Uncategorized
The good news: in a deal yet-to-be-passed by either house, Obama and Boehner’s Raucous Caucus have finally agreed to raise the debt ceiling by $2.4 trillion in two stages, in exchange for an equal amount of spending cuts — with $917 billion of the cuts...
by Leah McGrath Goodman | Jul 31, 2011 | Uncategorized
Lifeboats for senators and bankers only. Fidelity, which never sends emails, except to market its herd-investing strategies, has suddenly sputtered to life. This weekend’s missive: “Debt ceiling: what you should know.” Really. It’s a little...
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...
