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Author Archives: Brooks
The Year of the Yo-Yo
“Ordinary investors, who have watched the value of their 401(k)s yo-yo seemingly at random, have been left feeling understandably dazed and confused as they head into the new year.” -James Surowiecki Last year the major indices usually represented in … Continue reading
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What 2012 Holds for You
“Odds are the consensus forecast for 2012 is wrong. It almost always is.An economic columnist’s heart wants to believe the economy will do better;his head tells him it’s likelier to be worse.” -David Wessel The quotation “Prediction is very difficult, … Continue reading
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The True Heart of the Holidays
“The most real things in the world are those that neither children nor men can see.” -Francis P. Church “Of all who give and receive gifts, such as they are wisest. Everywhere they are wisest. They are the magi.” -O. … Continue reading
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What a 490-Point Market Gain Really Means to You
“Pigs Get Fat. Hogs get Slaughtered.” -Folk Saying “Every dog has its day.” -Idiom Yesterday the Dow Jones Industrial Average soared more than 490 points. This 4.2% gain was the strongest since March 23, 2009 which marked the bottom of … Continue reading
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The First Global Thanksgiving
“It is a good thing to give thanks unto the Lord. Across the uncertain ways of space and time our hearts echo those words.” -President Franklin D. Roosevelt “True, we have had our difficulties . . . but all of … Continue reading
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First the Heat, Now Some Light
“There is no distinctly native American criminal class except Congress.” -Mark Twain When the Occupy Wall Street demonstrators set up shop in New York City’s Zuccotti Park two months ago they sent a message. Through their signs, slogans, and shouts … Continue reading
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When Two Wrongs Do Make a Right
“Forgive me, I must start by pointing out that three years after our horrific financial crisis caused by financial fraud, not a single financial executive has gone to jail, and that’s wrong.” -Charles Ferguson “Inside Job” 2011 Oscar Speech “Art … Continue reading
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The Curse of Good News
“The moment we want to believe something, we suddenly see all the arguments for it, and become blind to the arguments against it.” -George Bernard Shaw “The way to see by Faith is to shut the Eye of Reason.” -Benjamin … Continue reading
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Occupy Wall Street: Many Voices, One Message
“I think people are frustrated, and the protestors are giving voice to a more broad-based frustration about how our financial system works.” -President Obama “Does anyone really not know what the basic message is of this protest: that Wall Street … Continue reading
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Is This 2008 All Over Again?
“Worry does not empty tomorrow of its sorrow; it empties today of its strength.” -Corrie Ten Boom “The secret of health for both mind and body is not to mourn for the past, worry about the future, or anticipate troubles … Continue reading
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