VIDEO: Chinese buying up California housing
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Chinese investors fleeing housing market bubbles and restrictions on investment may find they're participating in another bubble right here in California.
CNBC: CNBC's Diana Olick...
Gold Update: The Yellow Metal is on the Move Worldwide
China’s coming dominance of world gold markets is apparently, according to a report in Bloomberg, being fueled by “aunties.” Middle aged women who prefer...
Who’s Stealing Your Kid’s Lunch Money?
"We have seen meaningful progress in the labor market," Federal Reserve Vice Chairwoman Janet Yellen said last week during her testimony. "What the ...
The Truth about Warren Buffett’s Investment in Exxon Mobil
Most stories on Buffett’s purchase of Exxon Mobil shares are missing the most important point.
If you don’t already know, Buffett’s Berkshire Hathaway recently made...
Have Jobless Claims Hit Bottom?
Nine weeks ago weekly initial claims for jobless benefits hit 294,000. That’s nearly 90,000 claims per week lower than the mean since 1980. Since...
Janet Yellen Confirmation Hearings Begin
Today Janet Yellen will go before the Senate Banking Committee to introduce herself (again) and be questioned by the panel of Senators. Her prepared...
Watch Out! Big Drop in Small Business Optimism
Small businesses are the engine of the American economy. Today’s NFIB Small Business Optimism Index dropped from 93.9 to 91.6. It appears that the...
The Shocking Reality for the Average Duration of Unemployment
How does this chart of the Average Duration of Unemployment look to you? The beard scratchers at the Fed can’t be thrilled about their...
Approaching 100 Years of the Fed
December 23rd is the 100th Anniversary of the Federal Reserve. The chart below is a measurement of the value of a 1913 dollar today....
Who’s the Richest Person in Your State?
When the Fed starts pumping money into the economy, two groups of people tend to gain the most, the already wealthy and the government....