The economy has about six months to live. Especially the part that consists of swapping paper certificates. That’s the buzz I’ve gotten the first two weeks of 2010, and forgive me for not presenting a sheaf of charts and graphs to make the case. Just about everybody else yakking about ...read more

For the first time since the Enron debacle, Americans finally joined hands to hate something worthwhile. Instead of worrying about the Ten Commandments on a courthouse’s steps or a Super Bowl halftime show’s costume malfunction, we had a legitimate outcry from America’s poorest 95%. AIG was greedy and people got ...read more

Free market capitalism is the "god that failed," writes Martin Wolf. Thus does Financial Times lead off a feeble chorus of lament in its "Future of Capitalism" series. What do we do now? is the question. Can capitalism be tamed? Can it be harnessed? "Yes we can!" says America's president. Richard ...read more

Though Citicorp is deemed too big to fail, it’s hardly reassuring to know that it’s been allowed to sink its fangs into the Mother Zombie that the U.S. Treasury has become and sucked out a multi-billion dollar dose of embalming fluid so it can go on pretending to be a ...read more

“Just like natural organisms, the financial system must have death to evolve into a better form...” NOW THAT HE’S WEARING some sort of do-good government hat, even Hank Paulson is not thinking straight. Regulate in New York and finance goes to Toronto. Regulate in London, it goes to Frankfurt or Paris — ...read more

HOW TO KEEP YOUR HEAD when everyone around you is losing theirs? “Steer clear of the new gold rush,” urges Jason Zweig, a senior columnist at Money magazine. “Don’t give in,” says Janice Revell, another senior hack at CNN’s glossy monthly. “Step out of the stock market, even temporarily, and you may ...read more