De Facto Collectivism
Whether it's GM or the banks, states or municipalities, or Greece and Ireland, the concept of one entity suffering at the expense of another is now sacrosanct. Why are we seeing so many bailouts today? ....
Month: November 2010
The GM IPO
The Wall Street Journal is reporting today that General Motors in on track to sell about $18 billion in shares in what will likely become the world's second largest initial public offering (IPO). So why ....
The global financial catfight
The global catfight among central economic planners has begun. The Fed's $600 billion cash infusion in the economy is ill-fated to be sure, and it hasn't won many supporters around the globe. Brazilian Finance Minister ....
More taxpayer funds for GM
The dollars are still flowing from the U.S. Treasury to General Motors. There’s been a lot of talk about GM’s relisting on the stock exchange this week. This is supposed to be evidence that bailout ....
Post-election reality
Now the real battle begins. Many of you might think we can take a breather after the midterms, but now isn't the time. Tuesday was a good day for Republicans, but Reid's reelection in Nevada ....