How to Profit when Stocks Plummet
Over the last two months, stock-market fluctuations have been extreme. In August, 400-point swings became a common daily occurrence for the Dow Jones Industrial...
Twisted Monetary Policy
At the Fed’s policy meeting yesterday, Mr. Bernanke announced that what America desperately needs is a rearranging of the deck chairs. Facing opposition from,...
Copper Signals Trouble
Copper is said to have a PhD in economics for its ability to forecast the economy. Copper is used in everything from construction to...
Goldman Calls it Quits
Goldman Sachs is closing up shop at its flagship Global Alpha hedge fund. Global Alpha is one of the best-known quantitative hedge funds in...
Is Your Money Fund Safe?
You really have to be careful what you read these days. There is loads of misguided advice pumped out of the financial press. I...
A $65-Billion Bet
I was listening to Bloomberg radio the other day and Carly Fiorina was on as a guest. Carly is the former CEO of Hewlett...
Divorced From Reality
A divorced from reality Chicago Fed bank President Charles Evans helped spur a rally in gold today with calls for aggressive monetary stimulus. Evans...
Consumers Forecasting Recession
In the almost 60 year history of the Michigan consumer sentiment survey, every time the index dropped below 60 as it did in August, the economy was in recession.
Counting on QE3
Is this becoming a tradition? I am of course talking about Wall Street’s calls for the Federal Reserve to fire up the free money...
The Pinnacle of Hubris
Following the latest FOMC meeting yesterday, the Federal Reserve announced that it will maintain its zero-interest-rate policy until at least 2013. This is the...