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Author: Ned Douthat

Stiglitz: Risk of Irrational Exuberance

At the annual meeting for the International Monetary Fund another famed economist is speaking out.  This time it is Nobel-prize winner Joseph Stiglitz, who warned that the market has demonstrated what he considers...

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TransDigm: Issuing Debt for Dividends?

The Wall Street Journal is reporting that aircraft parts supplier TransDigm Group (TDG) is planning to float $425 million worth of debt for the primary purpose of giving a special dividend to shareholders.  Management has...

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Cash for Clunkers Saps Demand

“What do you make of overall car market? By the way, we’ve got Ford’s auto sales down 5.1% in the month of September. That’s not a very good showing. Overall the American car market is going to shrink to...

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