Bad to worse? | NY Torch

Hardly anyone seems to believe that recent events in the global economy and financial markets will lead to long-term price stability.*  So assuming a recession is upon us, what’s next: inflation or deflation? State and local governments (but not t...

Bonus watch | NY Torch

Forecasters at the Centre for Economics and Business Research in London think that securities-industry bonuses there will plummet 60 percent this winter. London bankers reaped the equivalent of $17 billion in bonuses in 2006, the peak year; in New...

What goes up … | NY Torch

Harvard's Ed Glaeser, also a Manhattan Institute senior fellow, and Wharton's Joseph Gyourko have an excellent explanation (free registration required) of the likely futility of proposed government efforts to stop the slide in housing prices. The ...

What’s next for Wall Street | NY Torch

With the city comptroller's office now projecting a loss of 35,000 jobs in New York-based investment banking and other financial services occupations, what's the next thing that will drive profits and employment in a Wall Street recovery?  In a rece...