Category: financial

The whining rich

Todd Henderson’s whine about how he’s only scraping by on $450,000 a year in his million-dollar Chicago house is causing quite a stir in the blogosphere. (Tyler Cowen says that “this number…

Shorting reserves

Michael Pettis does a good job of systematically dismantling this idiotic line from Tom Friedman: First, a simple rule of investing that has always served me well: Never short a country with…