Tim Geithner Should Resign......Unless
Financial reform seems to be going nowhere fast. Legislation has been proposed, but it is complicated and diffuse. Most of the proposed fixes are incremental changes that don’t seem likely to prevent future meltdowns or bubbles.The House and Senate are squabbling over which federal agency should take the lead in supervising banks. The Secretary of the Treasury, as well as Congress, have fallen into the trap of trying to fix everything. Instead, they should agree on the most important remedies.The banking crisis exposed several serious problems:Mortgage regulation was too lax and in some cases nonexistent.Capital requirements for banks wer

Asset Allocation in a Flat World (think globally, not locally)
Global DiversificationOne of the three big questions investors must consider today is: How and how much should one allocate to stocks in and outside of the U.S.? In his book, "When Markets Collide," author Mohamed El-Erian describes a multilateral economic future in which domestic demand in emerging markets is a counterbalance to U.S. growth. His recommendation is that U.S. investors be exposed to a globally diversified set of stocks, with only a third to one-half in the U.S.If you agree, and we do, then what does "globally diversified" actually mean and how do you determine how much and where?