We've apparently learned nothing from the residential mortgage disaster, since we're about to repeat the identical mistake in the auto industry. Obama's Car Puzzle by Holman W. Jenkins, Jr. Wall Street Journal You have in GM's Volt a perfect car of the Age of Obama — or at least the Honeymoon of Obama, before the [...]

  I had planned to write a piece on the limits of diversification, at a time when the underpinnings of almost every asset class is based on the twenty-five year bull market in interest rates.  However, the following article from The Economist is well-presented.   All bets are off Oct 30th 2008From The Economist print [...]