IBNLive.comPrices of Facebook stock since long-awaited IPOCBS NewsAlthough many investors had hoped for a big first-day pop, Facebook's stock opened on May 18 at $42.05 and fluctuated between $45 and $38 throughout the day. It closed barely above i…
Triple PunditCommentary: Facebook IPO has been a serial bursting of illusionsEconomic TimesThere is truth in that riposte: We deplore the violations exposed in the phone-hacking scandal at Murdoch's British tabloids, while we surrender our privacy …
By Peter Boone and Simon Johnson In every economic crisis there comes a moment of clarity. In Europe soon, millions of people will wake up to realize that the euro-as-we-know-it is gone. Economic chaos awaits them. To understand why, first … Continue reading →
The assumption that lower home prices improves the affordability of houses ignores two critical inputs: interest rates and income.
That the U.S. housing market is still in a post-bubble slump is no secret, as revealed by this chart courtesy of stre…
For four long years, the financial and political Status Quo has masked pervasive structural decay with artifice, pretense and lies. It’s like we’re living in a rotting mansion run by delusional megalomaniacs.
For four long years, the power-drunk S…
I asked frequent contributor Zeus Yiamouyiannis to comment on the coming Greek default. Here is his insightful response.
Greece is the epicenter of a drama that threatens to unwind with all the intrigue and subterfuge of ancient Greek myths and …