Believe it or not, Warren Buffett is not completely infallible. And his vote of confidence for a new Secretary of the Treasury is a perfect example.
By Kevin McElroy | Sep 26, 2012
Your enemy wants you to go into huge amounts of debt, spend down your cash as soon as you get it, and pay more in taxes tomorrow than you do today. Who is your enemy? Federal bureaucrats and central bank officials in the U.S. Treasury and Federal Reserve.
By Kevin McElroy | May 9, 2012
By Ian Wyatt | Apr 26, 2012
A new report says that Social Security will start to run out in 2033. Here's a way to start preparing now.
By Ian Wyatt | May 17, 2011
As expected on Monday, Treasury
Secretary Tim Geithner, announced that the federal government had hit its
debt ceiling. In order to keep the government operating, Geithner has
indicated that he plans to resort to some unusual measures.
By Ian Wyatt | Apr 28, 2011
All eyes were on the Fed yesterday as Ben Bernanke gave the first ever press conference by a Fed Chief following an FOMC meeting. And I have to say that Bernanke was remarkably candid as he was peppered with questions about inflation, quantitative easing and interest rates.
By Ian Wyatt | Dec 23, 2010
Probably the worst thing that could ever happen to a good analyst or strategist is fame. Former bank analyst at Oppenheimer Meredith Whitney made the remarkably prescient call that Citigroup (NYSE:C) would have to cut its dividend. That was October 31, 2007.
Citi stock had already fallen from above $50 to the $30's. And that fall by Citi, and the call by Whitney, marked the top of the market's rally out of the 2001-2002 recession.
By Ian Wyatt | Nov 11, 2010
It's Veteran's Day, I'm taking a moment to recognize the sacrifice and dedication of our military.
The bond markets are closed today, so we're losing an important catalyst for the stock market. Without the running gauge for the U.S. dollar, traders will have to depend on recent news to drive the action today. And that may not be a good thing...
Cisco (Nasdaq:CSCO) is down huge after its earnings report last night. The company beat earnings by a couple pennies, but offered guidance that was well below expectations.