Beyond Money

“Help, oh Lord, for righteousness is at an end, for men of trust are extinct among people” Psalms, 12;2 Virtually nothing is clear about the Madoff affair. How he did it, to whom he did it, with whom he did it (the operation could not have been conducted single-handedly), how much money was involved, where did it come from, when […]

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Banking Blues

“My job is my bonus”. That’s how one employee at an (admittedly exceptionally hard-hit) global financial institution answered my question about this year’s bonuses at his firm. Someone else, at another (less battered) firm, mentioned in a matter-of-fact way that bonuses would be down 40-60% this year – and he expected the same next year. “Mind you”, he noted, “people’s […]

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ZIRP

Yes, that’s right, ZIRP. Never heard of it? Well, get used to the slightly unpleasant sound of this acronym, because there is every likelihood that you will hear it ad nauseam over the next year or more. Worse, if you are retired and trying to live off the income deriving from your investments, it could inflict serious damage on you. […]

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Siren Songs

First and foremost, I am delighted to bring to the attention of regular readers (and anyone with nothing better to do) that I have launched an English-language blog within the Jerusalem Post Blogs Central framework; the address is http://cgis.jpost.com/Blogs/landau/. My Hebrew-language blog runs at  www.ifo.co.il. Meanwhile, given the non-stop action in the markets and the non-stop bad news about the […]

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