Happy -778th anniversary, baby

It was a year ago today that the Dow fell 777.68 points in reaction to the House rejecting version 1.0 of the bank bailout plan.

That was the biggest point drop ever, although in percentage terms it didn’t even make the top 10. It was also, in retrospect, a reasonable (if a bit sudden) reassessment of the prospects for corporate …

Are You Born a Cheapskate?

The experience of living through the Great Recession will forever change the way we spend. It will create a generation of cheapskates. Or so the thinking goes. But will folks who are new to thrift really stick with it? Can the currently frugal-chic environment truly change people into less buy-crazed consumers? Or is being a …

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