RECEIVE ARTICLES VIA EMAIL
Markets
David’s weekly update on the financial markets and economy
Goldman Sachs
Why has Wall Street turned on Obama?
I would be very surprised if National Review had a bigger supporter than I, but that is not the subject of this piece. I confess to having been disappointed in a recent piece from their very capable and gifted writer, Kevin Williamson. Essentially, Williamson contends that Wall Street is filled with shady characters ...read this post
Goldman Sachs Done Wrong in Long Form
It is not exactly newsworthy that some people blame Goldman Sachs for some pretty silly things. The initial hit-piece on Goldman Sachs came in a trendy rock n’ roll magazine, of all places. I have defended Goldman Sachs before, and believe this reply to the aforementioned nonsense in Rolling Stone covers a lot ...read this post
All the Devils are Here – Indeed
I was skeptical when I heard that Bethany McLean had a book coming out about the financial crisis. McLean made a name for herself with her cartoonish book and film documentary about Enron, The Smartest Guys in the Room. And while society seems to get a kick out of people becoming rich and famous by ...read this post
The End of Wall Street
Roger Lowenstein’s When Genius Failed: The Rise and Fall of Long-Term Capital Management is one of the best books I have ever read about the history of modern finance. So, when I saw that Lowenstein had joined the list of authors chiming on the financial crisis of 2008, I was quite excited. Unlike some highly ...read this post
The Most Dangerous Book I have ever Read
I committed to reading and reviewing every single serious book that is written about the 2008 financial crisis over a year ago because I am afraid of history recording lessons from the crisis that are entirely false, and because I am afraid of economists prescribing solutions that are utterly catastrophic. In a sense, my ...read this post
