Even in the outbreak of pessimism about the economy last week, few have touched on the effect of a prolonged bear market recession on employment patterns. Since this is a matter of huge importance to most of us, particularly young people entering the workforce and seeking a career path, I thought it worthwhile, starting from […]

While the process by which the stock market returns from bubble levels to an appropriate valuation of 5,000 on the Dow Jones Industrial Index or 600 on the S&P 500 Index is inexpressibly painful, once we have got there, we will enjoy certain pleasures that we haven’t had for many years. In these financially unhappy […]

We’re still probably at least a year from the stock market bottom, but as the market continues to drop towards what I believe to be its fair value of around 5,000 on the Dow Jones Industrial Index and 600 on the S&P 500 Index, it’s worth thinking about what should be done to get the […]

It sounds like a mathematical tongue twister, yet it is a vital question to determine where the economy and stock market are going: Do we live in an economy whose growth is primarily exponential, or primarily asymptotic?

Investors who have lost their shirts recently in WorldCom, Global Crossing and Enron can, if they want to look for fundamental causes, blame the unhappy decision taken by the Founding Fathers 226 years on Thursday.