Last week, our nation’s biggest banks lost a portion of an outrageous handout they’ve been garnishing from American taxpayers for the last 102 years.
This free handout is a ploy seldom covered by mainstream media – which, as we all know, is now generally loath to upset the powers that be.
The new tax deal being debated in Congress comes with a 10-year price tag of about $700 billion. It’s likely to pass before the end of the year.
Just because central bankers want to lead investors over the cliff like they did in 2008 doesn’t mean that people should follow them.
At this point of the credit cycle, a lot of securities look cheap.
But looks can be deceiving.
OPEC Meeting 2015: Oil officials from all 12 OPEC countries met at the Vienna headquarters today.
As expected, the meeting concluded in bitterness among members.
The Sears Holdings stock price has come under pressure again amid a 20% revenue decline in the latest quarter.
American employers increased headcount by 211,000 in November.
That healthy showing all but guarantees that U.S. policymakers will raise interest rates for the first time since June 2006 when they meet Dec. 15-16.
Energy investors are asking, “Why are oil prices dropping today?”
And they’re doing it because the public face of trading, the venerable New York Stock Exchange, the stock market as we know it, is broken and they don’t want to take responsibility for what has happened and what is going to happen.
Commodity prices have been getting decimated in 2015.
We mostly hear about the decline in energy since oil and natural gas are down 33.4% and 38.5% this year. But there’s worse.
