The knot, as we say in Greece, has finally reached the comb. . . .

The global devastation unleashed by the spectacular bursting of the U.S. housing and credit bubbles has left deep scars, provoked an unprecedented government response and stoked fears that any sharp new rise in asset prices means another round of bubbles is brewing. . . .

Thomas Sowell's new book is called, Intellectuals and Society and I was pleased to have the opportunity to interview him about the book late last week. . . .

Four prominent social sciences professors specializing in economics offered a bleak future for the Western markets in the third semi-annual Dean’s Conversation panel yesterday. . . .