If I may so bold as to post on a topic other than financial meltdown, I would like to take a moment to respond to a question about TV advertising. Well, not a question as much as something someone said in a comments section of a web site, and not TV as much as the [...]
When last I checked, the Official Financial Indicator of the Panic of ’08, the TED spread, had dropped below 3. The TED spread measures the gap in interest rates between three-month T bills and three-month LIBOR, and it hasn’t closed below 3 since Sept. 26. Of course, it was in the 1 to 1.1 range [...]
The call came Saturday evening before dinner. Curious Capitalist Jr. (who is 9) picked up. The caller asked to speak to a grownup. He handed the phone to Mrs. Curious Capitalist. Mrs. CC sat there answering questions for a while. From the answers, they seemed like very strange questions. After a while CC Jr. came [...]
I quoted the warnings of veteran money manager Jeremy Grantham a couple of times in the lead-up to the current financial mess. My favorite came in July 2007 when Grantham described the minor jitters that had hit markets several times already that year: Rather like a brontosaurus that has been bitten on the tail and [...]
