Noble Prize Winner Warns of "Bubbly" Houseing Market . . . Again

An American economist, Robert Shiller (of the Case-Shiller Index), who just won a Noble Prize, again, "expressed alarm at the rapid rise in global housing prices."  He blamed the bubble on the U.S. Federal Reserve's $85 billion Treasury purchase per month program known as QE3 and housing market speculation.

Patience and Frugality May Be Better Than an MBA

A retired secretary born in rural Illinois in 1909 dies with a $7 million estate and donates it all to charity.  That same year, 2010, an ex-CEO of Merrill Lynch who got his undergrad from Dartmouth and MBA from the University of Chicago files for bankruptcy.  Maybe we need to change our approach to financial literacy.