The Only Graph You Really Need to Understand the Auto Industry’s Problems
It’s the best one-image summary of why the Detroit Three are in such hot water, and it’s on Michigan economist Mark Perry’s blog. (h/t Greg Mankiw).
Are Stocks Really A Bargain?
Elliott Wave International asks, “Are stocks really a bargain?” If you believe your eyes, the answer is pretty clear. P.S. In case you were wondering what the current DJIA dividend yield is (click the link above to see why this is relevant), you can see that here.
Let’s all hope this, at least, does not repeat. It’s a miracle the American Dream has survived this long.
Not Everyone Should Own a Home
Not Everyone Should Own a Home. Amen. What the Australians, the Europeans, and those who actually have to make their living in banking all get is that many, many people lack the means and others the responsibility to own their own homes. What was lacking in the run-up to the current bubble was not regulation. […]