“Nothing in Common“, starring Tom Hanks and Jackie Gleason, is one of those films that comes back to me at odd times in snippets. In it, Hanks plays an ad executive who struggles in his relationship with his father (Gleason) after his parents divorce. But for me the best parts of the film show the [...]
If you have been reading this blog and some other greats, you are probably aware that although the press would like you to think “the worst is behind us”, we are only looking at the end of the first phase of the collapse. 2008 saw the beginning of the massive deflationary cycle that kicked off [...]
Thanks to long time friend Sean Church for this great story about a corrupt executive at Fry’s electronics. For those of you who may not know, Fry’s is the ultimate store for nerds, geeks, gadget heads and everyone who loves computers and electronics. Their motto, “Your best buys are always at Fry’s!”. Now this story [...]
The New York Times has an outstanding and lengthy article tracing the rise of the Madoff investment firm that, in the end, turned out to be (in Madoff’s own words) a $50 billion Ponzi scheme: The juggernaut began to sputter this fall as investors, rattled by the financial crisis and reaching for cash, started taking [...]
In a picture: Hat tip to Greg Mankiw’s blog. ..bruce w..