Last night I watched Sunday’s This Week with George Stephanopoulos in amazement as I saw republicans, democrats, former Treasury Secretaries, stock traders, and political commentators all agree that government ownership of financial institutions was the only option to get us out of the current financial crisis. This would usually go against conservative principle, but they […]
Is the Financial Crisis the Church’s Fault?
Tony Jones makes the comment that without a wide swath of our culture subscribing to Calvinism and the “protestant work ethic” free market economies are a thing of the past. Are free markets incompatible with secularism? Is the only hope for the free markets a Third Great Awakening? Or maybe the first Global Great Awakening? […]
The Market is Reaching the Bottom
I’m no economist, but I think it’s a fun game to play. So, I’m going to make a prediction: we are likely within 1,000 points of the market’s (Dow Jones Industrial Average) bottom. Now, the recent financial roller coaster isn’t anything to sneeze at: The Dow has fallen 39% in the past year The S&P […]
More on the Economy: Home Prices
I’m fascinated by the current news happening in the financial markets right now. For some reason it’s all very interesting to me. One of the most telling article’s I’ve read in recent days is this article from the Wall Street Journal that shows the ratio of median home prices to median incomes. From 1981-2000, the […]