How would you like to invest $10,000 and watch it grow over twenty years into $1,461,920? Well that's what happened at the giant hedge fund, SAC Capital Advisors, which made a 30 percent return for 20 years in a row.

How is it possible to make such profitable investments...

There's no question about it--American baby boomers are taking their own lives like never before. Suicide rates in the United States jumped dramatically for 35- to 64-year-olds between 1999 and 2010, according to a new report from the Centers for Disease Control and Prevention (CDC). These self-inflicted deaths...

Oh, are we getting ripped off. And now we've got the data to prove it. From 2009 to 2011, the richest 8 million families (the top 7 percent) on average saw their wealth rise from $1.7 million to $2.5 million each. Meanwhile the rest of us -- the...

The new Rich List is out -- yet another example of financial pornography. While nearly 15 million Americans still can't find jobs due to the 2008 Wall Street-created crash, the top hedge manager, David Tepper, earned $1,057,692 an HOUR in 2012 -- that's as much as the average...

Fear of debt is woven deeply into our culture. We associate debt with profligate spending, waste, gambling and overall sinfulness. As we learned during the housing bubble, it's easy to get in over our heads. So naturally we assume that the same must be true for our country -- government...

If you're worried about where America is heading, look no further than Tennessee. It's lush mountains and verdant rolling countryside belie a mean-spirited public policy that only makes sense if you deeply believe in the anti-collectivist, anti-altruist philosophy of Ayn Rand. It's what you get when you combine hatred for...

What will happen the next time the largest banks in America gamble their way into chaos? Will taxpayers bail them out again or will the "stakeholders" be forced to make up the losses?

You put your money in a bank and you're a stakeholder. The Cyprus crisis demonstrates that...

If you want more evidence that JP Morgan Chase is closer to a criminal enterprise than a economically useful bank, then read the report from the Senate's Permanent Subcommittee on Investigations, JP Morgan Chase Wale Trades: A Case History of Derivatives Risks and Abuses. It shows in...

The inspiration for Paul Ryan's budget comes directly from Ayn Rand. In fact, far too much of the current budget debate is shaped by her philosophy that so viciously divides the world into "creators" against the "moochers" -- the "makers" against the "takers." How else it is possible to propose...

The debt crisis is a hoax, but the sequester is for real, and so is the underlying cause of this entire mess: The Wall Street crash of 2008.

We need to fight off financial Alzheimer's and remember how we got here.

When Wall Street imploded under the immense...

As our economy recovers ever so slowly, only the wealthy have recovered at all. Between 2009 and 2011, the top one percent saw their incomes increase by 11.2 percent, while the incomes of the bottom 99 percent actually declined on average by 0.4 percent according to the most...

"Given the scope of the allegations to date, we are not talking simply about the occasional corrupt individual. We are talking about something verging on a corrupt business model." -- U.S. Attorney Preet Bharara, NYT, May 27, 2011

As the evidence mounts, the raison d'être for...

• In 2010, the top hedge fund manager earned as much in one HOUR as the average (median) family earned in 47 YEARS.

• The top 25 hedge fund managers in 2010 earned as much as 658,000 entry level teachers.

• In 1970 the top 100...

Japan's Nikkei share average plunged 10.6 percent on Tuesday, posting the worst two-day rout since 1987, as hedge funds bailed out after reports of rising radiation near Tokyo. ~ Reuters, March 15, 2011

While it's far too early to assess the full impact of the Japanese disaster on...

The February unemployment rate is 8.9 percent. The broader Bureau of Labor Statistics U6 jobless rate is 15.9 percent. The report shows a net increase of 192,000 jobs. However, we need 127,000 new jobs every month to keep up with population growth. At this rate it will take 11.2 years...

Maybe it's something in the water. Some potent little parasite has wormed its way into Washington, and now everyone's coming down with the disease: certifiable deficit hysteria. Politicians and pundits are all marching in lockstep chanting "Cut, Cut, Cut," fearing that if they don't they'll be assaulted by the right-wing...

January's reported unemployment rate remains stubbornly high at 9.0 percent with the economy only adding 36,000 new jobs. The Bureau of Labor Statistics' U6 jobless rate, which stands at 16.1 percent, is more accurate, since it counts "discouraged workers" who've given up looking for a job. Right now, more than...

More than 70 percent of Americans say big bonuses should be banned this year at Wall Street firms that took taxpayer bailouts, a Bloomberg National Poll shows.

An additional one in six favors slapping a 50 percent tax on bonuses exceeding $400,000. Just 7 percent of U.S. adults...

According to the Associated Press: "The nation's unemployment rate dropped to 9.4 percent last month, its lowest level in 19 months. That was because more people found jobs, but also because some people gave up on their job searches."

It's time to stop kidding ourselves. Despite the rise...

What a great year for Wall Street: profits up, bonuses up and, best of all, criticism down, especially from Washington. Somehow Wall Street has much of America believing its lies and rationalizations. We're even beginning to forget that Wall Street is largely responsible for the economic mess we're in.