Entrepreneurs from Developing Markets Lead the Field in Wealth Accumulation
In 1989 only 21% of the people on the Sunday Times Rich List had made their money themselves, the rest were heirs to great...
Bond Market Takes a Hit
The yield on 10-year Greek bonds were 10% last week. That’s 2% points higher than they were on May 22. Remember, bond prices fall...
United States vs. the World
During the collapse of 2008 and through the rebound of 2009 U.S. markets and foreign markets closely tracked one another. But toward the end...
The Emperor Has No Clothes: Markets Abandon the Fed
It would seem that the emperor has no clothes. In the last few weeks, markets have begun to act as though they no longer...
The Fed Sends Mixed Signals
Caroline Baum at Bloomberg explains the Fed's fuzzy messaging on the future of QE.
First Baum lays waste the idea that the Fed can use...
Beware Air Pockets!
If you’re going to chase bubbles, you had better watch out for air pockets! By May 22nd the Nikkei 225 was up more than...
Billionaire Bond King Bill Gross Slams Ben Bernanke
Bill Gross is out with a scathing new Investment Outlook on Dr. Bernanke’s misguided monetary activism.
Below are the highlights. You can read the letter...
Retired Teachers Pay High Fees to Lag the Market
I’d get teacher pensions out of hedge-funds altogether. Retired teachers would be aghast if they truly understood how their money is being “invested”.
Amid questions...
Volcker Delivers Punishing Blow to Bernanke Fed
In a speech this week to the Economic Club of New York former Federal Reserve Chairman Paul Volcker delivered a punishing blow to the...
This Can’t Be Healthy: Monetary Base Increases Over 260% in less than 5 Years!
The newest monetary base estimate was released by the Fed today. Many investors and analysts have become desensitized to ever increasing amounts of money...