Investors have been agonizing over how big a threat China poses to the global economy, but they may be looking in the wrong place.» Read More
If I can figure out how to tie a tie this Monday morning, you, too, can get out of bed \(hopefully without finding a spider in your bathroom the size of a Buick\) and start the glorious week of earnings we have before us.
, Bernie Madoff explained how—and why—he defrauded his investors out of billions of dollars. His account certainly sounds credible—but one doesn't perpetrate the largest Ponzi scheme in recorded history without the capacity to make dubious information sound legitimate.
Aside from the fascinating psychological insights one may \(or may not\) take away about the man himself, the most striking part of the interview is Madoff's continued insistence of major banks complicity in his fraud.
Many small business owners support a government shutdown and believe that it will have little effect on them, according to a new study.
The study from Pepperdine University’s Graziadio School of Business and Management reports that 48 percent of small private business owners and those who lend to small businesses said they supported a government shutdown. Thirty-nine percent said they opposed a shutdown.
Federal officials charged with reviewing mergers under antitrust laws will keep working during a government shutdown.
The Securities and Exchange Commission will be operating with only a tiny fraction of its staff if the government shuts down over a budget impasse.
The looming federal government shutdown should worry muni investors.
Many investors in municipal bonds take comfort in the fact that it simply doesn't make sense for many bond issuers to default. It is far wiser, in most cases, for a city or a state to continue making timely payment on debt—even if it means cutting services or raising taxes—than to default.
Last November, the economist Nouriel Roubini Tweeted: "Greece & Ireland are solvency not liquidity."
Roubini seemed to be making the case—with ruthless brevity—that the looming crisis was more serious than many European government officials wanted to admit. And that things were about to get worse.
Is there anything scarier than salesmen who start claiming that attention to the flaws in their products is nothing but "spin?"
The Wall Street Journal is reporting that the muni business is "fighting back" after 21 weeks of consecutive investor outflows. The problem, as they see it, is not with their products. It's with the people who they are trying to sell their products to. Those investor types are just too damned gullible, believing the likes of that Meredith Whitney woman and others who say that many munis are at risk of defaulting.
Chatter about what the Fed's next steps will be has shifted from when it will hike to when it will offer stimulus.
For years, Piper Jaffray has been one of the biggest bulls on Wall Street, and with good reason.
Mohamed El-Erian said Monday stocks must fall much further before investors can be coaxed back into the market.