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  1. EU banks have not come to grips with their own...

    EU banks have not come to grips with their own issues. The second round of stress test have been delayed exactly because the regulators believe the European banks own valuation estimates are too...
  2. Taxes on millionaires and billionaires, even at...

    Taxes on millionaires and billionaires, even at 100% will not make a dent. You can haul big oil in for show hearings on $4billion in tax subsidies and it will not make a difference. Bottom line is...
  3. The housing correction is not done yet. Today's...

    The housing correction is not done yet. Today's WSJ has an excellent editorial on the topic. Supply out strips demand. Until the supply backlog is cleared prices will continue to fall in many...
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