Glass Steagall

The "Great Recession" is over -- at least officially. A recession, by definition, is two consecutive quarters of falling gross domestic product, and recent figures show that the GDP rose 3.5% in the third quarter this year. Phew. So why don't we feel better? For too many of us, it feels like...

I love the idea of a 100 year crash. It makes the market seem mysterious and inexorable, a force of nature that is completely uncontrollable. Hearkening to the image of the 100 year flood or the 17 year locust, the 100 year crash seems to make sense. After all, seasons go in cycles, oceans rise and...