From Financial Times, Fred Bergsten on how to solve the problem of the dollar: Countries with dollars they deem excessive would receive an asset denominated in a basket of leading currencies. Don’t bet against the dollar: Don’t let all the chatter about the “incredibly shrinking dollar” fool you — the Almighty Greenback is here to stay, and there are far more serious dangers lurking for the global economy. From Portfolio, an article on the evolution of an investor: Blaine Lourd got rich picking stocks, but then he realized that everything he thought he knew about the markets was wrong — and he's not alone. From The Wall Street Journal, Alan Greesnpan on the roots of the mortgage crisis: Bubbles cannot be safely defused by monetary policy before the speculative fever breaks on its own. If Greenspan was so prescient, why did permit the housing bubble to get so out of hand, before retiring as chairman of the Federal Reserve Board in 2006? James Surowiecki on Paulson’s Plan: Treasury offers a Band-Aid for the mortgage crisis. Daniel Gross on the future of real estate and the cockeyed optimists of the National Association of Realtors. When boom goes bust: A look at how sprawl eats its young.
