financial markets

Madoff made off with $50 billion.

Ann Althouse
December 13, 2008 15:28

"Billion" -- it still means something, doesn't it? One man schemed, Ponzi-style, all the way to $50 billion. How is that possible?Investors may have been duped because [Bernard L.] Madoff sent detailed brokerage statements to investors whose money he managed, sometimes reporting hundreds of...

A Stitch in Time, Financial wisdom from around the world.

Fernando Del Canto
December 01, 2008 20:47

A Stitch in Time   A compendium of proverbs from around the world for these trying financial times.,  By Ben Schott, New York Times, December 1, 2008.

"Democrats are bailing out on the word 'stimulus.'"

Ann Althouse
November 26, 2008 16:41

Writes Carl Hulse.In a notable shift, Congressional leaders and officials of the incoming Obama administration are actively trying to retire that term and use the more marketable “economic recovery program” as the descriptor for the multibillion-dollar economic initiative to be considered early nex...

$7.7 trillion...

Ann Althouse
November 25, 2008 05:06

$7.7 trillion...That's "half the value of everything produced in the nation last year."The money that’s been pledged is equivalent to $24,000 for every man, woman and child in the country. It’s nine times what the U.S. has spent so far on wars in Iraq and Afghanistan.... It could pay off more than h...

"The biggest mistake Obama could make is thinking this problem is smaller than it is."

Ann Althouse
November 23, 2008 17:36

"On the other hand, there is far less danger in overestimating what will be necessary to solve it."So asserts Yale finance professor Jeffrey Garten, quoted at the end of today's Thomas Friedman column.Is this some general rule or profound truth that we need to understand? When you don't know the...