May 10, 2013
It's interesting how bubble psychology works. When the price of an asset, such as stocks or real estate, is going up, everybody thinks that that higher price must be the true value. Only when the price is going down does anybody suspect the price might have been in a bubble.
Apr 18, 2013
As I’ve often said, if you want to gauge the health of the economy, look outside your office window for construction cranes. If you don’t see them, we’re probably not creating a lot of jobs.
Jan 4, 2013
I lose sleep over a number of issues pressing on our economy, but one issue that I NEVER lose sleep over is whether Congress will figure out a way to borrow more money. The last few days have unfortunately proven how right I am.
Dec 5, 2012
With Apple down over 20 percent, it’s a good time to ask whether Apple is a buy. Certainly, many investors will be asking that question. In the short term, that question probably has more to do with the stock market than with Apple itself.
Nov 21, 2012
When I read that Hewlett-Packard was writing down $8.8 billion of its $10 billion purchase price for Autonomy, I was a bit stunned. Not only was the amount of the write-down high, but the reason given was accounting improprieties and outright misrepresentation by Autonomy. That’s outrageous.
Nov 7, 2012
With all the talk about the fiscal cliff and raising the debt ceiling, I thought it was worthwhile to make this point: We will have a balanced budget in 10 years. Why? Certainly not because Congress has agreed on how to balance the budget.
Oct 25, 2012
What the economy is lacking that it had before the financial crisis is a big new bubble and, more importantly, a big new set of interacting bubbles. Without that, the overall economy is dependent on government stimulus in the form of money printing and money borrowing to keep it from declining.
Oct 8, 2012
This article is about two issues. Both important. Both related. The first issue is that China’s construction bubble is popping. The second issue is that everyone expects it to naturally rebound.