This season, bear is in

It must be some sort of indication of where we are in the economic cycle when major publications start doing big stories on the people who make the most pessimistic predictions. Anyone read the “Dr. Doom” profile of NYU economist Nouriel Roubini in the New York Times magazine over the weekend? It reminded me of Fortune‘s recent cover on …

Crowdsourcing worked on me

I was in Chicago this weekend, and when I told my friend that I liked the t-shirt she was wearing, she mentioned that she’d bought it at Threadless. This caught my attention because Threadless was one of the companies Jeff Howe and I talked about on Friday. Threadless asks people to submit t-shirt designs online, and then visitors to the …

The case against retirement

Christine Fahlund, a senior financial planner at investment manager T. Rowe Price, stopped by and shared a cool chart showing how much more money you get in retirement if you keep working for even just a few more years. It wasn’t the first time she’s had this conversation, but I still thought it was interesting—perhaps even …

Is universal banking over? Should it be?

UBS, which is among the banks most battered by the credit crunch, said today that it would separate its flailing investment bank from its lucrative business of managing money for rich people, and, adding in its asset management arm, now exist as three autonomous divisions. Writing down more than $42 billion in assets over the course of a …

The usefulness of rent ratios

My colleague Jim Poniewozik’s epic post about why he didn’t write about the John Edwards affair sooner got me to thinking about a story I haven’t yet shepherded into print—the rent-ratio heat maps at Hotpads.com. Okay, not exactly equivalent, but I wanted an excuse to mention Jim’s amazing post, which was eye-opening even to someone …

News of California and Beijing

I am about to leave on the Curious Capitalist family’s annual California vacation. Won’t be back in the office until August 25. I may do a couple posts from the road, or at least put up some pretty pictures, but basically this will be Barbara’s blog for the next couple of weeks. I told her not to obsess about posting every single day, …

Citigroup pays big for shoving risk under the rug

Here’s what fueled much or maybe most of Wall Street’s growth over the last few years: Investment banks (and by that I also mean the investment banking arms of giant banks like Citigroup and UBS) found ever more ways to sell gobs of risky securities while

a) telling the buyers they weren’t risky, in many cases because the investment …

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