investment

I have been amazed at the response of politicians and the press to the recent fall in home values. They're...

Because we have no financial regulations to speak of, no safety regulations to speak of, hardly any regulations at all...

The plain fact is that the housing bust has a long way to go. Increased foreclosures mean more supply, and...

Anyone who spends most of their media time on the Internet, no matter what their older political assumptions, is closer...

What will we do if the lights go out? Here disaster readiness, practical fighting against terrorism, the complex stability of...

I know what a housing recession looks like, and this one has barely begun yet.

Substituting like-for-like does not get you out of the box. As prices decline, our enemies can simply drop their prices...

The point is that editorial boards change slowly. They change even more-slowly than the U.S. Senate, although less-slowly than the...

The largest private equity managers today are taking home over $1 billion per year. And they expect this to be...

Stock investors value earnings, and earnings potential. They do not value assets. Monopolies are accumulations of assets, whose earnings potential...