We're screwed. That's as good a place to start this post as any. Congress and the Administration have been co-opted -- bought and paid for. Financial regulation is a joke and fraud is a business model and seen as standard operating procedure.
It's a shame that so many TV hosts have all but given up on the appearance of balanced market reporting. While the truth will emerge over time, it would be wise to recognize pessimistic opinions are no more reliable than optimistic ones.
Romney is identified hand and fist with Wall Street's interests. Yet it is still early in the campaign. It would be a coup were his campaign to look to that singular personage in government who fought tooth and nail for the interests of everyday America.
In order to understand Romney's reliance on his Bain Capital experience, one must also gain an understanding about how private equity works, the prevailing general ignorance about which has, thus far, benefitted the Romney campaign.
What's the best advice you ever received from your mother? My mom taught me to be optimistic, compassionate and that family comes first.
The New York Times noted that a current linguistic trend called "vocal fry" is just one in a long line of largely female speech patterns that are seen often seen as a sign of stupidity. Young women who used vocal fry were being dismissed as insecure, naive, and dumb.
Oil prices were headed up, said Pickens, and then explained, well, the Saudis are maxed out. They can't produce more. And in one fell swoop, he gave the Saudis a free pass on the current oil price distortions and turned them from the OPEC cabal's malevolent gorgon into our heroic good guys.
Natural gas, as traded today on U.S. exchanges, is a uniquely isolated American commodity and any attempt at influencing its price, overt or otherwise, would fall under the purview of the nation's anti-trust laws and its stated prohibitions to all manner of collusion.
Anthony Scaramucci has written The Little Book of Hedge Funds, an entertaining and informative book without the typical Wall Street bombast.
If timing is everything, than the timing of Mr. Sorkin's article becomes ever so curious coming just one week after the publication of these humungous sums. There he was, as so often before, trying to steer our focus from the excesses of Wall Street's "Big Money" parade.
The callous greed in the oil patch seems to know no limits. Here we have a company, Royal Dutch Shell, bursting with earnings, at the apogee of its yearly returns, going after the last dollar or Euro to make things fatter still.
Investing is a voluntary activity, and it is our decision as investors, even part-timers, how much we choose to understand the products we trade. The information is generally out there, and if it's not, we can choose to pass.
Assuming they were rational and voted in their own self-interest, if companies were people, they'd vote overwhelmingly to re-elect Barack Obama. Of course, if they were people, who's to say that they'd be rational?
I was (at first) happy to see 60 Minutes highlight fiscal problems of states and municipalities. It explained how Illinois was late on payments to service suppliers, and it's a huge problem for people doing business with the state. Then 60 Minutes went completely off the rails.
Mitt Romney has been anything but strong and full of conviction, particularly in the area where these vaunted attributes matter most: foreign policy.
In last Wednesday's CNBC-sponsored "Your Money, Your Vote" Republican Presidential Debate, an intriguing question was posed that goes to the heart of the issue "to what extent should America be willing to rely on the private sector for our economic recovery?"