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An Annointed Son, A Reporter Scorned

Dana Gentry’s “The Anointed Son: A True Story of Greed, Power and Blind Trust” is a book, not about low rates, but high ones. While the prime lending rate was 4 percent in 2003, Las Vegas real estate…

Bond Bear Market Begins, Home Buyer Mood Sours

So all is hunky-dory in the land of Trump-o-nomics. Ever the debtor, the Donald himself is not happy about interest rates, tweeting in July, “The United States should not be penalized because we are…

Mega-Mergers Destroy Capital

Grant’s reminds the forgetful that a few bubbles ago Time Warner and AOL merged and that “announcement in 2000 rang down the curtain on the dot-com era.”