Plugging That OTHER Hole(the Regulatory One) Remember the SEC’s press conference last week announcing that it had isolated the cause of the “flash crash” May 6, and unveiling a sweeping set of financial reforms designed to prevent a recurrence? Me, neither. That thought comes to mind as I see that the Dow Jones is already...Read More
Economic Watersheds & Financial Footprints If you follow the Dow Jones Average, you know that General Motors was recently dropped for Cisco Systems (and Citigroup for Travelers). Locally, there is an echo of this “changing of the guard”: the old Ford Motor dealership in St. Louis Park, near 36th St. and Highway 100, is out,...Read More
