A popular tale financial pundits and Fed critics like to tell around the campfire is that the Fed’s ultra-low rate policies have led to a speculative mania that has Americans chasing down risky investments for higher yields from sun-up til sundown. The “Chase for Yield” is, according to some, about to be our undoing – just…

In early 2013, the “It’s 1999 again” bears came out of the woodwork and I spent a day looking at the way the stock market’s new highs were being covered by national newspapers all over the country. Surely, in 1999, everyone was both aware and excited about the milestones in the market – if we…

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Ten years ago today, Google went public at $85 a share via underwriters Morgan Stanley and Credit Suisse. At the last minute, the price was actually cut down a bit and people were very skeptical of the company’s then-massive valuation, even if enamored with their stranglehold on the search and ad game online. Keep in…

Wall Street Journal, August 2013: Wall Street Journal, August 2014: Keep playing, let me know how this works out for you.