Investment managers, spooked by falling stock markets, are seeking alternative investments. Unfortunately, they are like drunken hogs: as they flee one mess, they create another. The comparison comes from an old tale of Minnesota farm life. Decades ago, a farmer…
Lenders hold key to mortgage trap
Mortgage lenders and servicers face a classic ‘prisoners’ dilemma’ with mortgages headed toward default. Like small-time safecrackers being sweated in a precinct house, they know what course is best for them to follow — as long as they can trust…
Gas tax is our best option–for now
Now that the Legislature has overridden the governor’s veto of the first gas tax increase in 20 years, it is a good time to consider if we can do things better in the future. Is there any better alternative to…
Saving key to real recovery
Will U.S. households save more? That may seem an odd question after all the discussion lately about getting Americans to spend more. If you believe current economic problems are just a transitory phase in the business cycle, increased saving is…