Our take on the investing, financial, & economic themes of the day

The Socialization of Debt and Some Thoughts on What It Means

9 February, 2011 by Mark O'Brien in Commentary
In the investment business charts and graphs can be more like Rorschach tests than explications of the market or the economy.  By Rorschach test I am referring to black ink drawings that one man says looks like, say, a flower pot while someone else says a horse and rider; the point is that the ... read more...

Bush Tax Cuts Extended: A Temporary Fix

7 December, 2010 by Ben O'Brien in Commentary
The uncertainty over tax rates, which had been hanging over the market all year, was lifted last night with the announcement that President Obama and Congressional Republicans agreed to extend the “Bush tax cuts” for all income levels for two years. According to the agreement, dividend and ... read more...