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Some people think banking crises are purely a thing of the past. Others fear the next crisis will be like the last one — a repeat of 2008. We envision a third, very different scenario, which...
I was born in 1946, soon after World War II ended and just as a postwar economic boom was getting underway. Many people thought that boom would last only a year or two. The Great Depression was...
Will they or won't they? That's the question everyone on Wall Street is asking this week. Only for the first time in several years, it's in reference to Federal Reserve rate CUTS, rather than...
I don’t know about you, but I can’t believe that we’re already at the end of November. It’s been an interesting year … with even more interesting markets. And consumer behaviors over the next few...
By now, almost every investor on the planet has heard of Bitcoin’s (BTC, Tech/Adoption A-) meteoric rise — not only because of its price, but its growing pop culture status. Bitcoin and other...
Hurricane Maria has been churning offshore, threatening a combination of wind, rain, storm surge, and coastal flooding for North Carolina and much of the Eastern Seaboard of the United States....
Wells Fargo got a slap on the wrist last Thursday, for opening more than 2 million unauthorized deposit and credit card accounts since 2011. Bank employees were secretly opening accounts in order...
“Slow down,” I said to my panicked friend on the phone. “What’s the problem?” I asked. “I was all set to retire in May, but my 401k has lost more than $1 million dollars,” he cried, “and now I...
The doomsday forecasters should pay more attention to American consumers' spending habits. If they did, they'd know shoppers are still spending generously and powering the U.S. economy ever...
The second-quarter earnings season is largely behind us, and by the yardsticks of sales and earnings, things looked pretty good. More than 98% of S&P 500 companies have already reported, and among...