Parallels With Subprime Mortgage Melt-Down “The U.S. economy’s output is roughly $18.4 trillion per year. Total exports to China are very roughly $120 billion per year. That’s a lot of hamburgers, but it’s roughly seven-tenths of one percent of the U.S. economy. If our exports to China fell by 20 percent — a large number — that...Read More
Colbert Interview with Eliot Spitzer I’m not a Stephen Colbert regular, but I did catch his interview the other night with “disgraced former New York Governor Eliot Spitzer” (that’s now Spitzer’s official moniker, by the way). Colbert’s cut-to the chase question: even if Wall Street is full of inept crooks and greedheads, as most everyone...Read More
Rent-a-Joke: [Fill in Name of Chief Rival Here] One gets the feeling that Ben Stein, who gave the keynote address at Edina Realty’s annual meeting today, is an old hand at “riding” the corporate meeting circuit. The clues? –The crowd-pleasing shots he took at Edina Realty’s senior “pooh-bah’s” and their corporate jet (do they have...Read More
