Moody's has now agreed to pay $864 million as a penalty for failings in the ratings of securitised mortgage bonds in the run up to the American housing crisis. Our problem here being that this doesn't ...

Wall Street pulled back sharply Tuesday as investors worried about fundamental economic problems as well as the ongoing fallout from credit market problems and stocks’ own volatility. The Dow Jones ...

There's a basic and fundamental problem facing Opec these days. It's not about the details of the oil market, the slowing of growth in China, the end of the commodities supercycle nor even the rise of ...

The election is over. Little has changed in terms of the correlation of political power in our nation and in Minnesota. The 2024 campaigns are next, but in the meantime, there are basic economic ...

I have several themes planned for this Substack, one being the underappreciated beneficial aspects of markets. That’s why I’ve written about how markets adapt to changing conditions better than ...