The Guy Who Gave Living With Your Parents* a REALLY Bad Name “Stupidity isn’t a crime. Still, it would be interesting to know who, at this particular poker table, on this particular day, was the fool.” –Michael Lewis, “Crash Boys“; Bloomberg View (4/24/2015) From what I know and read, I think it’s as likely that...Read More
Tomorrow’s “Onion” Headlines . . Today! I can just see The Onion’s retort to today’s lead headline in The Wall Street Journal (“Germans in Talks to Buy Big Board”) — maybe something like this: “Chinese Negotiating for Large Pipe.” Of course, the “Big Board” in question is The New York Stock Exchange, as it is otherwise...Read More
One Size Doesn’t Fit All More than four years after it opened, I finally got to the “new” Guthrie Theatre near the Mississippi River — just in time to see the closing performance of Tennessee Williams’ “A Street Car Named Desire” (thanks for the tix, David and Shana!) The performances were indelible and wrenching; I...Read More
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
“The Flash Crash” Imagine a beef processor that was linked to an e.coli-tainted shipment that ultimately killed 100 people. A week after the outbreak, the authorities were still trying to determine how e.coli got into the beef processor’s facility. In the meantime, the facility was operating “normally,” and continuing to process and sell beef to...Read More
