“Occupy Wall Street” Conundrum: What to Occupy One of my favorite political cartoons — from the 1970’s no less — shows a self-satisfied oil executive sitting behind a big desk, his feet up, smoking a cigar (I said it was from the ’70’s). “You want oil?,” he practically cackles (to no one in particular). “We own the wells.”...Read More
Price Taker or Price Maker (& Fixer, Stealer, etc.)? The devil theory of Goldman Sachs, at bottom, rests on the premise that Goldman knows the future better than its customers or the rest of us. –Holman Jenkins, “‘Defining the Facebook Deal“; The Wall Street Journal (Jan. 15-16, 2011) THAT’S “the devil theory of Goldman Sachs??” Really?...Read More
“Glister,” Rupert? Really, “Glister?!?” You knew that Sarah Palin was running (kind of) for President, but did you also know that she apparently is now publishing The Wall Street Journal? How else do you explain: –Headlines like this one, from Friday’s paper: ‘Behind Gold’s New Glister: Miner’s Big Bet on a Fund.“ –A front page...Read More
