It’s all about reputation.  That’s the argument Stanford professor Michael Tomz makes – and credibly supports – in this 241 page work.  Released in 2007 before the financial crisis, Reputation and International Cooperation:  Sovereign Debt across Three Centuries is a serious but readable academic study of sovereign debt that says a lot about how...
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Writing earlier this year on May 12, after shares closed at $4.15, I argued the case for Sprint Nextel (S), citing improved quality, the prepaid pipeline and improved marketing.  While the stock held higher for most of the intervening period, hanging above $5 a share for most of the end of May, Sprint is...
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Various sectors have outperformed the market this year – shipping isn’t one of them.  General concern that there will be too many vessels in the water and the anemic pace of economic recovery have kept the Baltic Dry Index (BDI), at 2,678 at the end of October, far below its May 2008 pre-crisis high...
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