Daily Archives: October 8, 2009

1. What's happening in California (the world's eighth largest economy) is incredible. Really, these are not 'ordinary' times. Maybe its time to reread The Grapes of Wrath: See the UK Observer's story: Will California become America's first failed state? 2. … Continue reading →

Lately markets have seemed manically euphoric. For those of us taking sober measurements prices seem pretty crazy here. Most of the independent veterans who are risk managers rather than traders are voicing scepticism and concern about a gapping disconnect between … Continue reading →