As we complete a difficult year in the investment markets and we approach the 15-month anniversary of the peak of the Dow Jones Industrial Average and the S&P 500 Average, I have reflected on the five quarters and the changes in the financial environment in this relatively short period.
Certainly we have seen a great deal of change in...
Recently I have been asked about the economic crisis and whether I believe that the response from the government will be effective in fixing the crisis. The challenge in answering the question almost makes it an inappropriate question with no simple answer. At this point it is clear that the managers of Monetary and Fiscal Policy are going to do everything they can, including printing new money, to turn the economy around; the problem is that they can only turn it around...