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Greece is Running Out of Time

I have repeatedly described myself as a Euroskeptic.  The current combination of politics and economics looks likely to at worst doom the Euro to failure, at best... Read »

Facebook’s Price Range Could Rise, IPO Demand Above Expectations: Source

Facebook Inc’s record initial public offering is already oversubscribed, a source familiar with the share listing said, days after the world’s largest... Read »

Markets Will Crash Like in 1987 if Stocks Rally Without QE3 – Marc Faber

Marc Faber, publisher of the Gloom, Boom & Doom report, spoke with Bloomberg TV’s Betty Liu and said that, “I think the market will have difficulties... Read »

The World Belongs to Those Collecting Capital Gains

The Dow Jones Industrial Average hit 13,338 Tuesday, it’s highest since December, 2007. The S&P 500 added 16 points. Wall Street will remember May 1 as a great... Read »

Four Wall Street Banks Still Dominate Derivatives Trade

Derivatives are the “meat and meat by-products” of the financial markets. They look, smell and taste just like regular securities, but almost no one understands... Read »

How Did Mitt Romney Make So Much Money and Pay So Little in Taxes?

Now that Mitt Romney is the presumed Republican candidate, it’s fair to ask how he made so much money ($21 million in 2010 alone) and paid such a low rate of taxes... Read »

Why Gold Should Thrive

It’s been a challenging week for gold investors. As I often say, investing, like life, is about managing expectations. Over the past 11 years during gold’s spectacular... Read »

Fed Gives Parameters for Additional Stimulus

Good day. Boy, did I ever “hit the wall” yesterday! I got home and collapsed in my recliner, and immediately fell asleep. It had been a whirlwind three weeks,... Read »

IRS Already Gearing Up for Health-Care Crackdown

The rest of the country may be waiting for the U.S. Supreme Court to decide the fate of President Barack Obama’s health-care law, but the Internal Revenue Service... Read »

If You Took the Greed Out of Wall Street, All You’d Have Left Is Pavement

Greg Smith, a Goldman Sachs vice president, resigned his post Wednesday with a stinging public rebuke of the firm on the oped page of the New York Times — accusing... Read »

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