Money and Financial Lifestyle

From jobs to housing to the September effect , several economic and market indicators are warning investors to be cautious. By Brett Arends, The Wall Street Journal, Monday, August 23rd, 2010 Is another market crash coming? If you have a full-time job with benefits you can consider yourself fortunate.

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Is another market crash coming?

The Obama Agenda and the Enthusiasm Gap August 3, 2010 A stimulus too small to significantly reduce unemployment, a TARP that didn’t trickle down to Main Street, financial reform that doesn’t fundamentally restructure Wall Street, and health-care reforms that don’t promise to bring down health-care costs have all created an enthusiasm gap. They’ve fired up the right, demoralized the left, and generated unease among the general population.

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The Obama Agenda and the Enthusiasm Gap

Consumers, Wall Street disagree on economy Confidence waning in households even as earnings help boost stock market By Anne D’Innocenzio, Associated Press updated 7/27/2010 6:54:08 PM ET WASHINGTON — The disconnect between Wall Street and Main Street is growing. Americans’ confidence in the economy faded further in July, according to a monthly survey released Tuesday, amid job worries and skimpy wage growth

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Consumers, Wall Street disagree on economy, 7/27/2010

The semester is now officially over at Unknown University. I gave my last final Tuesday afternoon (the last slot in finals week). Unfortunately, grades had to be turned in by 4 today (only 48 hours later)

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Stick A Fork In Me!

Investors were hard-pressed Tuesday to find a reason to extend Wall Street’s two-month rally. Stocks mostly fell as investors shifted into defensive corners of the market, driving up shares of drugmakers like Pfizer Inc

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Investors hunt defensive stocks as rally stalls (AP)

Just seconds before the worst U.S. air crash in more than seven years, the pilot exclaimed “Jesus Christ” and moments later his first officer screamed as Continental Connection Flight 3407 plunged to the ground.

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Pilots shared fear of icy weather in last moments (AP)

European stock markets and Wall Street futures took a breather Tuesday, trading little changed following the previous day’s retreats as investors awaited key U.S. consumer data later in the week.

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World markets steady as focus turns to US consumer (AP)

American International Group Chief Executive Edward Liddy will speak out against criticism of the insurer’s employees on Wednesday and talk about the company’s future plans, the Wall Street Journal said.

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AIG CEO to fight criticism of employees: report (Reuters)

We’re off to a neighboring state to visit my mother for Mother’s day. It’ll be the first time my side of the family gets to see the Unknown Baby Boy in person. As for the rest of my life, I have a final exam to write for Tuesday, followed by an executive education class on Wednesday, a Faculty retreat on Thursday, and a trip to Six Flags in Lake George over the weekend (Unknown Older Son is a big Loony Tunes fan, and we wanted to go there before his stem cell transplant in early June).

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Happy Mother’s Day

Peter Wallison has an opinion piece about valuing bank assets in the Wall Street Journal. A quick summary: Both taxpayers and banks could come out well — and so would our economy — if the government were to buy the assets at their “net realizable value,” which is based on an assessment of their current cash flows, discounted by their expected credit losses over time.

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Asset Pricing 101