Borrowing Our Way To Better Credit

July 20, 2011

Can more borrowing make us a better credit risk? The ridiculous self-delusion in the debt ceiling debate.

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Buying Disney Magic On Credit

November 15, 2010

I can’t count the number of days my wife and I spent at Walt Disney World while our girls were growing up. Our 20-something daughters still seize every opportunity to visit their character “friends” and favorite rides when they are near Orlando. We had annual passes for a couple of years when our children were small. I was newly self-employed and had flexible work hours, the girls were not yet …

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How Low Interest Rates Sap Economic Growth

June 14, 2010

Conventional wisdom tells us we need record-low interest rates to help the global economy recover from the Great Recession and bring about a more prosperous future. Let me respectfully point out that, in this country, we have had low interest rates — ranging from pretty low to astonishingly, jaw-droppingly low — for the past 15 years, and we have arrived at a future that is not what we were aiming …

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Waiting For Life To Go On

June 22, 2009

As the winter’s meltdown recedes, financial markets have gotten over their worries about Armageddon. Now they are waiting for evidence that life really does go on. Most stock markets around the world retreated last week, many for the first time in more than a month, while commodity prices also softened. Meanwhile the dollar reversed course and strengthened moderately. Taken together, these developments point to a financial community that is in …

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