History

  • History

    America’s Original Business Scandal?

    If you want to think about the primordial founding of the United States, you’d probably do better to look toward Jamestown rather than Plymouth Rock. It was there that Captain John Smith conclusively demonstrated the advantage of free enterprise over welfare-state collectivism. Long before the men we call our Founding Fathers would set out their […]

    / Oct 11, 2007 at 9:30 AM
  • Banks, Fed, Hedge Funds, History, LTCM

    September: Good For LD Fans, Bad For 99% of the People Who Read This Site

    As all of you know—or should know, and if you don’t: educated yourselves—September has a reputation for being the worst month of the year. (Do you like when I write “Dear Reader” statements such as that last one, wherein I pretend that I’m using my 20+ years of experience to teach you people, who work […]

    / Sep 4, 2007 at 10:55 AM
  • History, JPMorganChase

    Buried Origins Of JPMorgan Chase Uncovered Beneath Beekman Street

    The New York Sun reports on the ancient remains of that water utility company that nowadays goes around pretending to be a bank. When construction workers peel back the pavement in lower Manhattan, it’s like opening a skylight into the old New York — a place where water flowed through hollowed-out logs and the streets […]

    / Nov 29, 2006 at 12:13 PM
  • History

    Black Monday, 19 Years Later

    Nineteen years ago we saw the second largest ever single day percentage drop in the Dow Jones Industrial Average. Remembering the period leading up to that day is not exactly comforting. Need a reminder? Years of rapid growth had led to fears of a recession, which were then tempered by talks of a soft-landing. Inflation […]

    / Oct 19, 2006 at 11:01 AM

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