Robert Shiller on the crisis and the evolution of capitalism

If you have not read Robert Shiller’s classic “Irrational Exuberance,” this would be a great time to do so. He nailed both the current housing bubble as well as the tech bubble before it.
In this article from The Washington Post, the Yale economist uses examples from the history of the US captial markets to remind [...]

Hedge funds worry about redemptions as end-of-year gates ready to close

Hedge Funds Are Bracing for Investors to Cash Out
Even as Washington reached a tentative agreement on Sunday over what may become the largest financial bailout in American history, new worries were building inside the nearly $2 trillion world of hedge funds. After years of explosive growth, losses are mounting — and so are concerns that [...]