A long-term crisis, after a certain point, no longer seems like a crisis. It seems like the way things are.

Although oil is a commodity, it's still not a commodity like coffee, which, thank God, we will have with us always. At some point the oil will run out.

If private-equity firms are as good at remaking companies as they claim, they don't need tax loopholes to make money.

Of course, plenty of people don't think that guaranteeing affordable health insurance is a core responsibility of government.

It's a familiar truism that at any one moment, financial markets are dominated by either fear or greed. But the healthiest markets are those that are animated by both fear and greed at the same time.

A long-term crisis, after a certain point, no longer seems like a crisis. It seems like the way things are.

In a world where companies increasingly know about their business in real time, it makes no sense that public reporting mostly follows the old quarterly schedule. Companies sit on vital information until reporting day, at which point the market goes crazy.