More Headlines continued

The suckers -- local governments -- did not understand the risk. The ones who did pulled out. The majority are now locked in. There is a lesson here. Let me spell it out.... keep reading

Gold is down from $830 to $784. That is a substantial fall. What should we make of this?... keep reading

This is not just about mortgages. This is about the solvency of the institutions that lent the money to subprime borrowers.... keep reading

The Foundation for Economic Education was the original libertarian think-tank. I used to be a senior staff member at FEE. Later, I was on the Board of Trustees. That's why I wrote this letter.... keep reading

The stock market on Friday shot up like a rocket when word got out that banks, mortgage lenders, and the government will rewrite the subprime, ARM contracts. Then the euphoria disappeared within hours.... keep reading

The Economist is the best written magazine in English. Its articles are not gloom and doomy. So, when a cover story like this one appears, the editorial staff is worried. This is a "Remain calm . . . please!" editorial.... keep reading

There is an attitude toward money that is common. People who have never accumulated a lot of money aren't aware of this.... keep reading

The short-run optimism of stock fund managers is astounding. What we have seen this week is evidence.... keep reading

The fear of broken bucks has spread. When investors find out that a money market fund may "break the buck," they run. This causes the fund to break the buck.... keep reading

This hits the credit markets first. Then it hits employment. Then it hits the general economy. Watch the dominoes fall.... keep reading

On November 27 and 28, the Dow rose by 545 points. Why? Two answers were given by the media. The answers do not inspire confidence.... keep reading

They don't warn you about this when you're 18. Or 30. But they should. Here are a few guidelines.... keep reading