Stock-market bears are on the endangered-species list. More and more are morphing into bulls, including Interest Rate Observer publisher James Grant who says the deeper the slump the zipper the recovery (hat tip to Canadian Capitalist).

You would think the massive fiscal and monetary stimulus released by policymakers over the past year assures a recovery in the world economy. Sharp rallies in world stock markets since March suggest as much.

Reading material from Canadian Business and Simon & Schuster Canada is still up for grabs. To try to win this Father's Day giveaway, all you have to do is read my blog posting below and make the best comment (for or against) the auto bailouts.

Something must be wrong with me, which probably isn’t news to everybody. Nevertheless, I am appalled by the $14-plus-billion (and counting) cost of the Canadian auto company bailouts. I don't think it is worth spending this huge amount of public money to try to save maybe five thousand jobs, especially ...

Washington hasn’t been offering General Motors and Chrysler bailout dollars simply to save the U.S. economy from more turmoil. According to the U.S. policy document below, which was made public this morning, the new president of the United States wants the two troubled Detroit companies to pay for government aid ...

Yesterday I argued that AIG employees should keep the multi-million-dollar bonuses that have created a public outcry in the United States, despite the fact that the company has been handed billions of tax dollars to stay afloat. That post forced another journalist to reply: "Yes, and Haliburton should not be ...

It's a bull market in bailouts. The banks were first. Now it’s the auto companies. Whose next?