One of the most depressing things about watching -- even from a distance -- the quadrennial race for the White House is seeing what passes for debate on the one area where the president does have some Constitutional authority: foreign policy.Candidates who have spent...
Following Monday’s historic stock market downturn, many politicians and so-called economic experts rushed to the microphones to explain why the market crashed and to propose "solutions” to our economic woes. Not surprisingly, most of those commenting not only failed...
My father, a New York financier, used to call dubious stocks or bonds, “Chinese paper.” Last week, we saw a blizzard of Chinese paper, both in China and around the world. As manager of a sizeable investment portfolio (an unwelcome second job from my main work,...