Lets Hang Together or We Will Surely Hang Apart!
America is Being Governed by Callous Children
The new economic statistics put growth at a healthy 3.5% for the third quarter. We should be dancing in the streets. No one is, because no one has any faith in these numbers. Waves of money are sloshing through the system, creating a false rising tide that lifts all [...]
Crude Awakening
NEW YORK (MarketWatch) — Most of us can’t stockpile barrels of crude oil in the backyard, nor would we want to. Yet with oil prices soaring, many investors are eager to fill their portfolios with this precious fuel.
Accordingly, a specialized group of exchange-traded funds taps into oil rallies. But investors should be aware that [...]
Wall Street on the Lam
Slashing executive salaries, bonuses and perks at the seven bailed-out companies that gorged most gluttonously at the public trough is emotionally satisfying, but it shouldn’t be. It’s like arresting jaywalkers while ignoring the bank robbery that’s happening in broad daylight down the block.
Don’t get me wrong. The Obama administration’s “pay czar,” [...]
The Death of American Capitalism?
ARROYO GRANDE, Calif. (MarketWatch) — Jack Bogle published “The Battle for the Soul of Capitalism” four years ago. The battle’s over. The sequel should be titled: “Capitalism Died a Lost Soul.” Worse, we’ve lost “America’s Soul.” And worldwide the consequences will be catastrophic.
That’s why a man like Hong Kong’s contrarian economist [...]
Only Fools Try to Beat the Insiders on Wall St.
It’s the myth that will never die.
Jim Cramer has made a career out of promoting it, as have countless other stock-picking gurus since the dawn of time.
What is this myth?
If only you “do your homework,” analyze those financial statements, and listen to such-and-such a stock-picking guru, [...]
Home Foreclosures Jump 23%
Oct. 15 (Bloomberg) — U.S. foreclosure filings climbed to a record in the third quarter as lenders seized more properties from delinquent borrowers, according to RealtyTrac Inc.
A total of 937,840 homes received a default or auction notice or were repossessed by banks, a 23 percent increase from a year earlier, the [...]
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