A Return of that Other Bubble?
I was working on Wall Street during the crash of October 19, 1987, when the Dow dropped 22% (or about 7,000 points in today’s market). That evening, traders gathered at Harry’s Bar to commiserate. One of the old timers pulled…
The Stimuli and the People
Given the intense political animus on display in Washington in recent weeks, it is hard to imagine any rational policy agenda emerging from the chaos. The optics of a new president being installed with thousands of federal troops standing by…