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Volatility

 

PRN: Vol. 1, Num. 7 | November 27, 2011

A Classic Greek Tragedy (and other Comedies)

Looking at our besieged globe, it's difficult to know if we're dealing with a tragedy or a comedy. Whatever your viewpoint, it certainly smells a lot like my Chicago Cubs. Win a few games, then strike out--again!--with the bases loaded. Aargh. Collectively, we are like wounded exhausted soldiers trying to... read more »

STAT: Vol. 1, Num. 2 | August 5, 2011

Suddenly a Downgrade

Well, suddenly, here we are. I guess there's always a first time.

The credit ratings agency, Standard & Poor's, just (Friday at 8 PM) issued a credit rating downgrade for the United States, from AAA to AA+. (The other two ratings agencies, Moody's and Fitch, have not yet downgraded but have issued warnings.... read more »

PRN: Vol. 1, Num. 2 | May 18, 2011

The Lurching of History

When people talk about the future, I don't fear hyperbole as much as I fear complacency. Many exhausted people yawn, roll over, and hit the snooze alarm. "Life's always been crazy, and it always will be." Case closed. Discussion over.

It's a mistake to underestimate the drama of our current situation--un... read more »