First, on NAFTA, via Cafe Hayek, The economic effects of NAFTA on Mexico have been discussed and measured mostly in terms of their effect on employment on both sides of the border and by the increase in Mexico-US trade and...

I have been told - and I cannot substantiate this - that there are many hedge funds who have written a dump truck full of naked put options in the 1330-1350 range. If the SP gets to that level, we...

As this sell-off unfolds, driven by the unwinding of the submergingprime market, you are beginning to hear the proclamations of the uber-bears who say we are about to go into a 1930s-style depression. Or at least the chances of entering...