Enron could have just been the tip of the iceberg. A wave of questions concerning corporate accounting could have brought the stock market down into a continuous freefall. A depression in spending, a banking crisis and a Great Depression type scenario could have followed the market crash. Was that concern valid? Has the danger passed?More...
The recent sniping between the White House and Senator Tom Daschle has made me wonder weather the U.S. Congress is prepared for the long war that began in 1993 and hit home in 2001 on September 11. The American people if polling has anything to say about it seem to be prepared to make sacrifices for the war effort. They seem to understand that to eradicate terror we may have more military casualties than we suffered in the September 11 civilian toll. Congress though seems ready for the same old partisanship.More...
I took a business trip to Mountain View California in late February. During that trip I rented a car. Luck of the draw got me a Dodge Intrepid. It shows what is right about Chrysler and what is wrong.More...
The largest percentage gain in a long while has brought the NASDAQ back from the brink of collapse. The forces of economic strength and potential profits have battled back against the dark evil forces of Enronitis. Who will win, nobody knows, but the prospects for the good guys have improved.More...
Invoking the words and spirit of Thomas Paine, investor-turned-historian John Bogle concedes that his ideas for revamping the mutual fund industry are perhaps "not yet sufficiently fashionable to procure them general favor." But despite likening the "ills and injustices suffered by mutual fund investors" to those "our forebears suffered under English tyranny," Bogle--founder of the Vanguard Group--makes a strong case for index funds with this exhaustive study of investing.
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