Over the past several decades it has been the bankers’ understanding that if they are successful in their transactions, they keep the spoils and thus large bonuses for everyone- everyone who is bankers that is. However, if a financial engineered product goes awry or unsustainable debt is created, then the loss is laid off on either the depositor or the taxpayer.
The fact that this year’s sales were up 11% in September compared to last year, without the $7000 tax credit, is a very positive sign.
Let’s not forget that these solar companies like Solyndra and Evergreen aren’t going bankrupt because they can’t compete with Chinese prices. They’re going bankrupt because they’re manufacturing inferior products.
Roubinbi served as a senior economist for international affairs at the Council of Economic Advisers under the Clinton administration, and he spent a year working as lead adviser to Timothy Geithner, who was then undersecretary for international affairs.
The Greek economy is puny. The city of Los Angeles has more economic activity. But the lessons of Greece are large.
The plight of teens and young adults from 2006 to 2010 in one picture.
How do you a silence a Noble Prize-winning economist? Ask him questions.
This is a column for entrepreneurs, not political junkies, but you can't write for business owners without at least thinking about the political, economic and environmental climate that is healthiest for them.
This is the first presidency in history that has substituted a policy platform for a list of demands. The mistake that many made was thinking those demands were a Christmas shopping list, when in fact they were a demand for your indenture to the federal government.
Government is not the answer nor are Keynesian makeshift work programs that will hire a few union workers at monstrous costs, fixing little. We need to fix structural problems.
As all these European countries jockey for position, there’s one thing I think is very important for investors to understand: a lot of the debate in Europe revolves around the rate at which they will inflate their way out of the problem.
If Occupy Wall Streeters had any common sense, they would be marching upon the bureaucratic offices of the government. They would be marching upon the biggest supporter of big government and increased regulation that we have ever seen, Barack Obama.
Bloomberg doubted Zandi and the President's projections, too. They surveyed 34 other economists. Not one was as optimistic as Zandi. In fact the average job creation estimate by the group was a paltry 288,000. Five said the legislation would produce zero new jobs. Since Obama's wants to spend $447 billion to get there, if the average estimate were to come true that works out to $1.6 million per job.
The sideways trading came as the dollar lost ground to almost every major currency and Europe managed to talk their way through yet another “comprehensive” plan to deal with their debt crisis. It’s likely the G-20 will follow up this talk with even more serious statements later this week.
Once upon a time Political Calculations figured out what it would take per household to have zero deficit.
For ten years, MSFT has been trading between $22 and $31, with a few wild swings on each end. But for the most part, MSFT investors have not made money for a decade.
Faced with the impossible task of telling constituents that Senators, Congressmen, and the President himself have continually failed the American worker with policies that rewarded a relative few at the expense of the many, we opted to point the finger at China.
As we priced in Armageddon, earnings season snuck up on us. The question is: when exactly are we going to see the next big move?
Occupy Wall Street is made up of a bunch of European-style nihilists in the purest sense. Their stock-in trade is alienation, Jared Lee Loughner-style. They are talking revolution; extra-legal punishment; confiscation of property; the recognition of rocks and trees as people.
Home prices will not perpetually stay levitated above wages regardless of perceived shortages. Notice I said "perceived" shortages. Housing shortages in China are a mirage just as they were in Florida, Las Vegas, Phoenix, San Diego and other places in the US.
Cuban wades into student loans. This is a half-assed analysis of the situation. The problem isn’t the loans. The problem is the cost of the education combined with the earning potential of the graduate upon attaining a degree. There is a lot of variation in all the moving parts. Fixing higher education isn’t easy.
I’ve been getting a lot of questions this week about whether I think gold can continue its upward climb. That’s the time I have to remind my readers that I’m an analyst, not the Wizard of Oz. I’m the guy reading the charts, not the one behind the curtain pulling the levers. My best guess right now, based on the chart data, is that gold will continue a choppy but generally upward trend.
Want to see what happens when someone designs and constructs an intricate structure, where all the individual components are constrained to stay in place, and suddenly, the tension holding the entire system together is broken at just one place?
Here’s a group of people who spent their formative years demonstrating on campuses in the 1960s against corporate greed and war- and hitting the bong pretty hard. And what have they done now that they are in power? They have masterminded incredible transfers of taxpayer dollars to their rich corporate friends.
If being a millionaire still appeals to you, here's good news -- Michael Ellsberg has just published a new book, "The Education of Millionaires," which promises to make any numbskull ridiculously rich, even if the numbskull in question didn't go to college
Going through ideological miasma on the Roosevelt Institute’s and the Campus Network’s websites, it’s hard to understand how any real Republican could have signed up with a lefty group while expecting to hold on to the nomination for US Senate from his supposedly conservative party.
Rick Perry Gets Emotional Talking About Our Troops and Obama’s Foreign Policy Failures | Cortney O'Brien