Scorning the Financial Gods — And Paying the Price After the tech bubble, the healthy and natural progression dictated we enter recession. Alan Greenspan never allowed us to take that medicine, opting instead to inject the economy full of fiscal and monetary drugs. The resulting imbalances steadily built through the years and arrived at our...Read More
Credit Crunch Casualties: Publicly-Traded Builders While Washington is focused on rescuing the financial dinosaurs, outside of Wall Street, the future appears to belong to much smaller, sleeker, and more mobile organisms. Specifically . . . birds. Take the home construction industry. For the last 20 years or so, size conferred a huge advantage. Big, publicly-traded...Read More
