Karl Marx famously wrote that history tends to repeat itself -the first time as tragedy, the second as farce. The European economic situation can certainly be described as a Greek tragedy that has once again lapsed into farce.
The Federal Open Market Committee (FOMC) minutes today did little to quell confusion over when the U.S. Federal Reserve will raise interest rates.
Financial News Today: The Greek debt talks that have been playing out over the past week have pitted Germany against Greece.
We might as well call this the “Jonestown Market” because the cult leader Jim Jones could just as easily be handing out paper cups filled with colored water and investors would be swilling it down…
Even as the current price of oil per barrel is rising, Wall Street firms keep releasing bearish outlooks.
The government’s official unemployment rate is “a Big Lie,” according to Jim Clifton, the CEO of 80-year old analytics firm Gallup. In a Feb. 3 op-ed, Clifton slammed the White House, Wall Street, and the media for celebrating about how unemployment…
A Swiss bank leak of 30,000 accounts pin fraud and other illegal practices on HSBC Holdings Plc. (NYSE ADR: HSBC), the world’s second-largest bank.
“It’s banking – the business of banking. The bigger they are, the more corrupt they are,” Money Morning Capital Wave Strategist Shah Gilani said Monday.
Leaked files reveal secret accounts and details of more than 100,000 clients from more than 200 countries around the world. Account holders include arms dealers, criminal blood diamond merchants, drug cartels, Hollywood elite, royalty, and “the heirs to some of Europe’s biggest fortunes.”