This is how beggar-thy-neighbor monetary policies work, and perhaps why they ultimately fail.» Read More
The startling collapse of Detroit’s population raises doubts about whether the city can afford to shoulder its enormous debt load.
The bullish drivers behind oil—the Mid-East crisis, weaker dollar and low interest rates—are not slowing down and that means the probability of a black gold rush should continue. But while events drive this commodity every higher over the short term, will the spike continue over the long term?
I decided to catch up with Richard Soultanian President of the utility cost management consulting firm, NUS, which recently published its forecast of market pricing through the end of 2011.
The race to the bottom for first-quarter GDP projections has a new leader: Bank of America Merrill Lynch.
With a succession of mild unemployment drops unable to ease concerns about the larger slow-growth story for the US economy, BofAML now sees the quarter’s growth prospects at just 1.5 percent.
Insider trading may be a far bigger problem than many people both inside and outside of Silicon Valley realize.
Many involved in the Web 2.0 start-up tech world believe that insider trading laws do not apply to buying and selling shares of non-public companies. More specifically, they believe that because so many of those involved in such trading have inside information creates an exemption from the usual rules that bar trading while in possession of what the Securities and Exchange Commission calls "material non-public information."
The market for municipal bonds has been in distress since late last year. Investors have been selling bonds, states and cities have been declining to issue bonds, bond funds have seen massive exits of capital, and a lively debate has arisen about the likelihood of sizable bond defaults.
"Paris attempts to pris HSBC from London" [Telegraph]
Shocker: Goldman's Lloyd Blankfein made a lot of money — $19 million [Bloomberg]
If the market decides value then Nicole "Snooki" Polizzi, queen of the hot tub is more valuable than than the great American novelist, Toni Morrison.
For those of you that don't live on the internet, here is the defining story of the day —Nicole "Snooki" Polizzi will be paid more than Toni Morrison for an appearance at Rutgers University in New Jersey.
10 years ago today, the New York Observer published a story about a 25-year old who moved from California to Manhattan and became a stockbroker.
He was "a tall, lanky, swaggering 25-year-old who... work[ed] at a top brokerage house in midtown, [wore] a lot of Prada and Gucci, [drove] a BMW and [was] married to an attractive 27-year-old woman who works in the art world."
The Fed never wanted to release the information about the discount window borrowers. So when the federal courts forced the release, the Fed through a temper tantrum.
This is how beggar-thy-neighbor monetary policies work, and perhaps why they ultimately fail.
UBS has reacted to the financial market turbulence by freezing salaries for its investment bankers until at least mid year. The FT reports.
Janet Yellen is expected to attempt to balance raising interest rates against the risks of a weaker global economy.