Did Dr. Frankenstein Really Work for AIG?

Bonuses for A.I.G. executives could be the downfall of the US, or so you might think to watch how politicians, pundits, and the public reacted. Never mind that the bonuses amounted to chump change in the grand scheme of things. … Read More..

Changing Sentiments and the Economy

Interesting piece in Business Week (3/16/09) on the power of sentiment in moving markets. George Akerlof and Robert Shiller suggest that investors “need to be offered a new story. . . Budding optimism reverses the vicious cycle of losses.” This … Read More..