As a volatility trader, I loved seeing stocks drop 2% last week after having risen 3%. But as a credit trader and student of market behavior, I know all too well that this type of volatility is a forecast of stormy seas ahead.
When I moved to Sarasota in 1999 I was invited by a prominent local to an “un-wedding wedding” to make new friends in town. I accepted the invitation and, not wanting to display my ignorance, avoided asking the burning question, “What’s an un-wedding wedding?”
If you want to lose all of your money, you could do worse than tune in to CNBC on a regular basis.
For the last six months, I have been warning that economic growth is faltering. In November of last year, I predicted that the U.S. economy would experience a “growth scare” in 2015.
The Fed’s Chairwoman Janet Yellen spoke of “bad bank culture” on March 18. Apparently, it’s not the Fed’s concern.
“While changing the culture of organizations is not something that we can achieve through supervision, we will make sure that the ban…
It’s getting to be crunch time in the negotiations between the West and Iran over Tehran’s nuclear program.
Despite an ill-advised attempt by U.S. senators to scuttle the talks, it’s clear the negotiations in Geneva will continue.
New housing starts fell dramatically in February as the cold, protracted winter froze new construction in the Midwest and Northeast.