The Beginning of "Too Big To Fail"
The 1990s were a time of massive deregulation. Most people have some familiarity with the repeal of the Glass Steagall Act, which kept a...
The Big Short Slays The "Big Lie"
I saw "The Big Short" the other day, along with my wife- who was singularly uninterested, what without even a cameo by Hugh Grant-but it...
Corporate Bond Funds to the Woodshed!
Constant readers will recall a piece I wrote on Municipal bond funds awhile back. (July 21, 2015) Well, now that there's credit turmoil...
FINRA'S "Catch and Release" Program
There has long been a dark underbelly to the investment world, filled with boiler room firms, often with presumptuous British sounding...
Labor's Uncertain Future
Back in the stone age when I was growing up, we were taught that the automobile was responsible, directly or indirectly, for a large...
Municipal Musings
I got my start in the municipal bond field. Being new to the business, I was happy to offer clients investments that were considered...
Purdue's Road to Perdition
"Teach a man to fish and he'll eat for a lifetime. Teach all men to fish and the return to fishing will fall below subsistence levels." ...
The Folly of the Econs
I've been reading Richard Thaler's book “Misbehaving,” which is about his observations on Behavioral Finance. For an economics book, it's...
A Forgotten Economist's Theory Comes Back to Life
Happened upon this chart which illustrates the theory of one of America's greatest economists, Irving Fisher, who is now practically...
Coal's Slide to Irrelevance
Between the drop in Natural Gas prices and its improved distribution, ever greater take up of alternative energy sources, domestic and...
