A Crisis of Confidence: Part II

March 25, 2008 at 2:43 pm

Newsweek just published an article about how a lack of confidence doomed Bear Stearns. Here are a couple of interesting points from the article: “A company is only as solvent as the perception of its solvency,” Oppenheimer analyst Meredith Whitney Bernanke declared the subprime crisis contained last year even as […]

A Crisis of Confidence

March 23, 2008 at 6:33 pm

Not long ago, President Bush visited Saudi Arabia to ask the Saudis to turn up the spigots. The Saudis, however, didn’t bite and stated that the price of oil may be the least of our concerns. ”The concern for the U.S. economy is valid, but what affects the U.S. economy […]