Politicians and Other People’s Money

They say Washington is Hollywood for ugly people, I’m now inclined to believe Washington is also a kind of Wall Street for poor people. They play around with other people’s tax money.
The latest example is the so called bailout plan to save the financial industry. I remain critical.

Dollar Plunges Deeper

For anyone interested in exchange rates, the current status of the dollar is an interesting case to study. What’s happening? A colleague asked me the other day if the dollar could pehaps have reached its lowest point against the euro and would soon make a sharp turn up. The dollar has gone from a higher [...]