Dead bodies lie on the housing market fields

This morning the National Association of Home Builders announced that its housing market index was 16 for the month of January.  That is the third consecutive month of a reading of 16.  But what does this mean?   Analysis: The index is essentially a measure of...

The SEC is still understaffed

Almost two years ago I said that the U.S. Securities and Exchange Commission was underfunded and consequently, understaffed.  The Wall Street Journal has a front page story that highlights this fact, entitled, “Deadlines Missed on Financial-Overhaul...

Poison Pill Plans Are Bad for Shareholders

One of the recurring themes of this blog has been criticisms of capitalism as practiced by corporate America.  I have specifically called for a reformation of corporate culture in the United States multiple times.  One of the most egregious excesses of the corporation...

Wow, how things have changed

Early this morning in London news that both Moody’s and Standard & Poor’s both warned the United States on its credit rating.  The concern is, of course, with the spendthrift ways of the Legislative as stoked by the Executive branch – and over...