Here's my friend Dan Mitchell's latest video. As usual, it's definitely worth watching. According to Dan: The correct capital gains tax rate is zero because there should be no double taxation of income that is saved and invested.
Warren Buffett is defending Goldman Sachs before shareholders at the Berkshire Hathaway annual meeting in Omaha, saying, "It's hard for me to get terribly sympathetic" with the alleged victim in the SEC's case against the Wall Street giant. Buffett also says "we love" Berkshire's investment in Goldman.
Real GDP increased about $162 billion since the second quarter of 2009, when the economy bottomed out. Wall Street for 2009 paid out bonuses of nearly $150 billion on profits twice that amount. The rest of the economy, on balance, went backwards.
President Obama has appointed three new doves to the Federal Reserve Board, thereby taking command of the nation’s central bank.
Heard the one about the two economists and a lawyer? But, maybe the more apt question is, heard the one about three doves, or about two doves and a sometimes hawk?
Right now investors face a V-shaped-recovery theme at home and the serious debt troubles plaguing Greece, Spain, Portugal, and perhaps other countries in Europe.
Stocks ended higher after the Fed left interest rates unchanged and kept the "extended period" language in its statement. Financials were the day's best performers, with JPMorgan and Bank of America leading the Dow.
Information received since the Federal Open Market Committee met in March suggests that economic activity has continued to strengthen and that the labor market is beginning to improve.
Stocks advanced Wednesday, with banks rebounding after a sharp selloff in the previous session after both Greece and Portugal had their debt ratings downgraded. Bank of America and JPMorgan were among the early leaders on the Dow. Dell skidded.
U.S. stock index futures pointed to a lower open Wednesday in the wake of a sharp selloff in the previous session caused by another Greek debt downgrade, but comments from the Federal Reserve could change momentum later.
Goldman Sachs did not commit fraud and the insurance company that bought the product that is the subject of a government investigation should have known the risks, Bill Ackman told CNBC Tuesday
The CEO of Goldman Sachs and other executives from the Wall Street powerhouse are coming before Congress 10 days after the government accused the firm of fraud.
So much is being written in the mainstream media about who the tea partiers are, but very little is being recorded about what these folks are actually saying.
A key banking regulator said that banks have performed well, relative to the stress test, after the worst financial crisis since the Great Depression and that losses are significantly less than expected.
"The economic recovery is boosting rates, and that is a positive," says one analyst. "That's not a bad thing for stocks or companies or corporate profits."
US financial companies still have more than a $1 trillion on their balance sheets, but analysts say they are unlike to stem the recent rally in financials.
Bernanke’s testimony before the Joint Economic Committee is littered more with optimism than headlines regarding his speech suggest, and there was no use in the text of the “extended period” language until it was uttered during the question and answer session, when it helped the bond market to rebound, says bond expert Tony Crescenzi.
Here are the clips from last night's historic interview with two powerhouse economic thinkers, both former economic advisors to Ronald Reagan.
With bank earnings about to released next week, we have another clear indication of whether or not this economic recovery is a mirage or real.
Reluctance by small businesses to hire more workers won't derail the economic recovery, though growth will remain slow, Goldman Sachs chief US economist Jan Hatzius told CNBC.