The consensus seems to be that Obama’s proposal to limit the operations of the banks to lending and securities underwriting, and not proprietary trading and hedge fund investing, if enacted, would be bad for banks and bank shareholders. Many pointed to the so-called Volcker rule to explain last week’s market sell-off. Like Ritholtz, I’m …
Are economic forums propping up the global economy?
Thumbs Up? Thumbs Down? An Unscientific, Much-Welcomed Approach to Wine Ratings
When it comes to wine, whose opinions do you trust: A panel of professional tasters who frequently disagree amongst themselves, or some amateurs who like wine and drink it for the same reasons you do?
Tishman Speyer: The Grand Walkaway
It’s not just homeowners in Phoenix or Miami who are walking away from their mortgages. Tishman Speyer Properties, a big and you would think sophisticated real estate outfit, is doing the stroll on a $4.4 billion mortgage. The company is turning over the keys to more than 11,000 apartments in New York City’s sprawling Peter Cooper
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DIY Veterinarian? DIY Home Construction? DIY Laser Hair Removal?
Not long ago, people were pretty likely to have money but no time. Now, chances are that the reverse is true. And if you have time but not money, taking on some DIY projects makes total sense. Why pay a professional for work that you can do yourself?
It’s a Deal: Free Photo Book from Shutterfly
Type in the coupon code READYMADEBOOK and you’ll get a 7″x9″ photo book (normally $16) from Shutterfly, free of charge.
Attention: It’s OK to Buy Stuff Again. Just Be Quiet About It
After enduring month after month of conscientiously not spending, people in certain circles are experiencing “frugal fatigue.” Is an epic shopping binge inevitable?
Davos-bound
I’ll be blogging this week from the World Economic Forum in Davos, Switzerland. The theme of this year’s gathering of political and financial movers and shakers is “Improve the State of the World: Rethink, Redesign, Rebuild.” Sounds like a plan to me.
Last year’s meeting, which followed on the heels of the Fall 2008 meltdown, was …
Bye!
I started writing this blog in Sept. 2006 at Fortune.com (a wholly owned subsidiary of CNNMoney.com). The very first post was about boards of directors. Law professor Stephen Bainbridge thought it was stupid. I said no it wasn’t, and my blogging career was off.
At the time it was still not all that common for staffers at mainstream …
Why Renting Is Stupid, and Why Selling a Home Now Is Even Worse
Suck it up. Stop whining about your underwater mortgage, and stop thinking that renting is a better alternative to owning a home.
Cheapskate Wisdom from … Mort Zuckerman
“Increased consumption—private and public—will have to come from income and not borrowing, and income will have to come from employment.”
A time for transition, Part 2
The Curious Capitalist is getting curiouser. As Justin takes his leave, we’re adding three new voices to the Curious Capitalist. They belong to these people:
Let me introduce, from left to right, John Curran, Bill Saporito and Steve Gandel.