Hedge fund managers could destroy the housing market all over again. How do we know?
We’ve got every step of their secret plan laid out: which houses they’re going to invest in, how they’ll get their leverage, the list goes on.
The free market for banking services in the United States isn’t a free market at all.
The truth is the biggest commercial banks in America operate with virtual impunity as a government-subsidized, government-protected oligopoly.
Since 2008 the U.S. dollar has risen against every important currency in the world.
Its steady ascent has been good for a lot of companies, economies, and investors
One of my favorite lines is “I’m not the kind of guy to say I told you so – but if I was, I’d sure be saying it now.” As far as saying “I told you so,” back in the summer of 2008, in my “Friday Night Illumination” emails to my banker and trader friends, […]
Reading about what’s going on in the subprime auto lending space is a lot like reading about drive-by shootings.
Unless you’re a subprime borrower, or live in a neighborhood where drive-bys are happening, you probably don’t know much about either -…