George Soros

One of the most fascinating New Economy consequences to emerge from the Eliot Spitzer sex sting is the apparent multi-hundred thousand dollar score bagged by Emperor's Club VIP escort and budding recording artist Ashley Alexandra Dupre. She had a couple of tracks listed on Dragon Slayer upstart and...

As any reader of this space may be able to tell by now, I'm a big fan of bailouts. Some believe that the markets should go through the pain of what they have wrought on themselves in order to come out the other side cleaner, stronger, faster. Not me. If...

George Soros, who is famously known for "breaking the Bank of England" by shorting the British Pound on Black Wednesday in 1992, and earning $2 billion for himself, now says that "We are in the midst of the worst financial crisis since the 1930s."

Soros knows about declining societies....

There will be a lot of economic news this week. There is every week but we seem so much more fixated on the announcements now. The most important comes this Friday with the monthly jobs report. Consensus calls for a small gain of 30,000, but there was a very good...

I'm not going to pretend to know how to pick a bottom for stocks, but if we dissect the anatomy of a bear market we might understand why stocks markets eventually recover.

Anatole Kaletsky, a columnist at the Times, recently wrote a brilliant piece on bear markets:

When...

According to Bill Gross, a fixed income market guru, the size of the credit default swap market is "$43 trillion, more that half the size of the entire asset base of the global banking system." If that is not scary enough he goes on to tell is that "total...

Judging by today's selling frenzy on Wall Street, it looks like the market has finally started pricing in a worst case scenario for the U.S. economy. And the time has come to ask some important questions.

Is it safe to say that the recession is finally here? If we are...

The World Economic Forum Annual Meeting 2008 came to an end Sunday with a call by business, government and civil society leaders for a new brand of leadership, one ready to address the challenges of globalization, terrorism, climate change and a looming water crisis. The invitation-only event isn't exclusive to...

Davos, Switzerland

In a move that stunned the participants at the close of the World Economic Forum here in Davos, Earth, Wind & Fire announced a unilateral hike in the Fed Funk Rate, in hopes that an ecstatic, joy-glorious increase in worldwide funk can stave off a global recession.