Earn What You Spend

In truth, I’m not a dispassionate observer of this crisis.  It effects me in the same way it is effecting virtually every American.  It’s frightening, and I’m forced to reevaluate many assumptions I had previously taken for granted.  Watching the stock market over the past two days is simply hard to stomach.  
Paul Krugman writes: 
We’re in the [...]

It was a tough day on Wall Street, hitting the lowest point in five and a half years.  
You’ll recall a couple of weeks ago I posted this: 

It was, of course, premature.  The S&P500 from one year ago as of today: 

What happened today?  From the WSJ: 
Banks, brokers and insurance companies, all big holders of these [...]

Second time is a charm, they say.  The big news is that the House, two days after the Senate, finally passed the bailout bill.  You can read more about it at the WSJ and the NYTimes.
According to the Journal:
The 263-171 vote was a reversal from Monday, when House lawmakers shocked investors and their own leaders [...]