Both corporate and public pensions remain short of having enough money to pay out what they've promised, despite recent asset increases.» Read More
One of the odder things that has come to my attention today is that back in February 2009, Gamal Mubarak \(the son of soon to be former Egyptian leader Hosni Mubarak\) met with a US Senator and gave his advice on how to address our financial crisis.
"Despite today's nearly double-digit unemployment rate, 4 in 10 unemployed Americans expect to get a job in the next four weeks and one in three underemployed have the same expectations with respect to obtaining a full-time job."
Technology is the classic two-edged sword.
In its broadest sense—as the knowledge or mechanism of achieving a result—technology is agnostic of its ends.
Fire cooks, warms, protects—burns, kills, and destroys.
Unrest in Egypt putting the fear factor back into the gold trade—at least for today.
Ashraf Laidi, CMC Markets says today’s gold rally is “safe haven buying” and can also be seen in U.S. treasuries and oil. “Intensifying violence in Egypt” has “implications for MidEast policy & oil flow,” he says
Volume in April gold futures contract was about 35 to 40 percent above normal today, trading well over 200-thousand contracts.
According to traders, short covering by speculators is fueling more buying by computer-driven models that track order flow and momentum. “The market is definitely short in gold—you are definitely running some of the shorts out of the market today,” says Kevin Grady gold trader with MF Global. And that short-covering demand is fueling more buying by algorithmic systems that are programmed to look for volatility in the markets. “There is so much panic, the moves are not $5 or $10 moves but $30 or $40 moves,” says Kevin. » Read more
Simon Johnson, the former chief economist of the IMF who is now a leading financial commentator at Baseline Scenario, is one of the more prominent critics of the view that blame for the financial crisis falls on affordable housing and fair lending policies. The problem is that his critique is extremely misguided.
Nicole Lapin, of CNBC's Worldwide Exchange, explains what she's long and what she's short this week.
The Financial Crisis Inquiry Commission produced a bit of a mystery with its report yesterday.
A disappointing jobs report on Friday morning alone will not make the Federal Reserve wait to raise interest rates, BofA's Michelle Meyer tells CNBC.
Patrick McCormack's Tiger Consumer Management is shutting down at the end of March.
Pensions remain short of having enough money to pay out what they've promised, despite recent asset increases.