Scary questions for CFOs

The new issue of Jack Ciesielski’s Analyst’s Accounting Observer has a list of “20 Questions to Ask on Conference Calls.” He means quarterly earnings conference calls, and the questions are all related to the current financial and economic turmoil. You’ll have to pay Jack some big bucks if you want to know all 20, but [...]

A Dane watches the presidential debate

A Danish friend who watched the debate from Copenhagen sent me this e-mail last night. He was a little groggy–it was 5 a.m. his time–but I figured it was worth sharing: [A]mericans don’t understand that you’re a part of a global economy and society. The whole world is struggling with financial problems mainly because of [...]

Unpacking Casey Mulligan’s argument about strong fundamentals

University of Chicago economist Casey Mulligan had a provocative piece on the New York Times op-ed page last Friday arguing that, financial crisis or no, the economy would be okay. The reason he’s so sure? The strong performance of a measure he calls marginal product of capital: Since World War II, the marginal product of [...]

New column: The fundamentally strong economy

My column in the new TIME that goes on sale Friday (it’s got Lincoln, FDR, Obama and McCain on the cover) is already up online. It begins: John McCain’s claim that “the fundamentals of our economy are strong,” uttered just before the financial crisis turned dire, may go down as one of the great blunders [...]