Michael Mandel’s low-rate world collides with my end of easy money

Business Week‘s Michael Mandel wrote Wednesday, in response to my article on “The End of Easy Money“: But here’s the problem–long rates are falling. The ten-year rate is now down to only 4.91% on the bloomberg machine outside my office (at roughly noon). And the latest mortgage rate for 15-year mortgages is 6.38%…that’s compared to [...]

If Sumner Redstone is Haile Selassie, is Rupert Murdoch Abe Lincoln?

From Patrick Goldstein’s excellent column in today’s LA Times: The conclusion is almost inescapable: Redstone’s imperial behavior is a drag on Viacom’s future. When I spoke to him last year after the Cruise affair, he had the air of an elderly grandfather, straining to keep up with the conversation. He now resembles one of those [...]