Happy Halloween

This morning I decided to begin creation of a scripted documentary on the house edge in the capital markets. It just appears that investment banking types and the support persons, as well as the hedge fund managers are creating inordinate amounts of wealth for themselves at the expense of investors....

The Chinese will have whatever we’re having

This morning, Reuters reported that the Chinese government levied strong pressure to induce the European Central Bank to make some serious rate cuts, to maintain the continued growth of the Chinese economy. Reports of economic difficulties around the world stir sentiment in Beijing, mostly that the troubles facing the world...

Is anybody at the switch?

There’s an old adage from the days of railroad, “asleep at the switch.” In that era, trains often rode common tracks in both directions within common time frames. The only salvation was the vigilance of the trackman who made switches from track to track to avoid collisions. As the bailout,...