Editor’s note: A version of this article first appeared at Forbes.com.
With MF Global (MFG) recently disclosing more details on its bankruptcy and liquidation, let’s quickly review the financial debacle that came to fruition under former New Jersey governor, former … More>
Editor’s note: A version of this article first appeared at RealClearMarkets.com.
The current global debt accumulations are unprecedented. In fact, it can be observed that at no time in the history of the human race, other than during periods of … More>
If you had been living on another planet the last three years, you would be shocked to learn that the credit-rating agency, Standard and Poor’s (S&P), has placed the current AAA credit rating for the debt issued by the U.S. … More>
The Republican Party, with the help of the Tea Party, swept the House of Representatives with a massive pickup of at least 60 seats. The Federal Reserve made another historic announcement with its $600-billion “Quantitative Easing” program (QE2). … More>
Mark it down. At 2:15 p.m. on Tuesday, August 10, 2010, the U.S. Federal Reserve made a historic announcement. It signaled that the central bank was going to “preserve the size of its balance sheet.” The announcement didn’t … More>
Financial markets function to discount the future. Usually, by the time you read about something in the newspaper, financial market pricing has already “discounted” that event weeks, months, or perhaps even years before it hits the front page and becomes … More>
If you’ve seen the movie “Thelma and Louise,” you’ll never forget the ending: In the last scene, the two main characters head down a dirt road in their top-down convertible. The road dead-ends at a very high cliff. The last … More>