40 Hard Questions That The American People Should Be Asking Right Now

If you spend much time watching the mainstream news, then you know how incredibly vapid it can be.  It is amazing how they can spend so much time saying next to nothing.  There seems to be a huge reluctance to tackle the tough issues and the hard questions.

Read more »

Gold Might Have Already Hit Rock Bottom

The American economy has enjoyed … low-hanging fruit since at least the 17th century, whether it be free land, … immigrant labor, or powerful new technologies.

Read more »

Durable Goods report for Sept just so-so but Computer segment is on fire

I like to dig into the Durable Goods report because it can be useful for seeing how tech in aggregate is performing and how the sector may perform in the future. I always focus on two particular measures: shipments and new orders.

Read more »

A Brave New (Broken) World

It’s not that they’re not functioning on a daily basis, pricing risk and assets and performing their price discovery duties. They are doing that – or at least trying to.

Read more »

Everything You Need to Know about Using Credit Card Bonuses for Free Travel

The sign-up bonus is the life blood for a growing population of American travelers. They scour the web looking for the best credit cards with sign up bonuses.

Read more »

The Mid-term Election Year Cycle: Redux

Many hang their hat on old Wall Street sayings like “As goes the first week of January so goes January” or “As goes January so goes the year”.  Another Wall Street rule of thumb  is the “Mid-year election year” cycle.

Read more »

MasterCard Benefits From the Global Shift in Commerce

I’m not talking about the sentimental stuff that we should all be thankful for in our lives, but the quintessential year in review. Everybody does it – from radio stations to cable television – we look back at the best and the worst of the past year. The financial world does it, too.

Read more »

General Electric makes major move into banking with MetLife deal

GE’s finance unit will acquire about $7.5 billion of MetLife Bank’s deposits, the New York-based insurer said today in a statement. Terms of the transaction, to be completed in the second quarter, weren’t disclosed.

Read more »

As Obama Dithers, Our Big Banks Grow Politically Stronger

A fair comparison can be made between the oil and railroad trusts of the 19th century and the megabanks of today. Both ride roughshod over legal niceties. And both have Washington protecting their backs.

Read more »

The Obama Nation: Even More Debt And Even More Store Closings

Well, it is time to raise the debt ceiling again.  Right now we are about to hit the current limit of $15.194 trillion and the Obama administration is going to ask that it be raised by another 1.2 trillion dollars.

Read more »