Retiring Federal Reserve Chairman Ben Bernanke, who was replaced by Janet Yellen as of today, is leaving the Federal Reserve with an unprecedented $4,102,138,000,000 in total assets on its balance sheet, up 391 percent from the $834,663,000,000 in to
This morning's utter collapse in pending home sales - a 6-sigma miss by 'economists' unaware that it was cold in December - has been ushered away on the back of "weather" reasoning.
You didn't think the US could at first slowly, and then all of a sudden, expropriate retirement accounts and invest them in the "no risk, guaranteed return" MyRA Ponzi scheme introduced by Obama during the State of the Union address without lots of b
In the NYDFS hearing, Superintendent Lawsky said “It’s not worth it to society to allow money laundering and all of the things it facilitates to persist in order to permit 1000 flowers to bloom on the innovation side.”
Google has signed an agreement to sell Motorola to Lenovo for $2.91 billion, the company announced after markets closed on Wednesday.
Jan 29 - Close
I don’t know how much more clear I can be: this is happening. This is exactly what bankrupt governments do. And it’s time to give serious, serious consideration to shipping your retirement funds overseas before they take yours.
When the economy crashed, everyone felt the pain. Eventually the ripple pushed down to through all the job markets and people were "let go" in droves.
Fears are growing that HSBC bank is insolvent, after the Bank refused cash withdrawals and has an $80bn blackhole in their balance sheet.
His web site may consist of just a single page, but Matt Drudge is arguably the most influential media personality in the world.
QE a Victimless Crime? If that title can’t make you want to read this piece on such a dull day, then nothing will.
Beginning by disavowing Mario Gabelli of any belief that rising stock prices help 'most' people ("Fed data suggests half the US population has seen a 40% drop in wealth since 2007"), Marc Faber discusses his increasingly imminent fears of the markets
*Economist blogger & radio show host 1/28 at 9pm est
Venture capitalist Tom Perkins sparks outrage after suggesting America is facing a 'progressive Kristallnacht'
President to Seek to Use State of the Union Address to Shift Souring View of Leadership
Most Americans would be stunned to learn that companies based in China, a country associated with accounting secrecy, have gained a foothold to the tune of over a trillion dollars on U.S. stock exchanges.
Peter Schiff (CEO and chief global strategist of Euro Pacific Capital Inc) on economic issues - Jim Bruce (Producer/Director/Writer Money for Nothing: Inside the Federal Reserve) examines America's Central Bank - Professor Francis Boyle DRONES
When people ask me to describe the state of the U.S. economy, what I always say is that it can best characterized as an ongoing state-sanctioned theft. This theft consists of the 0.01% oligarch class intentionally leveraging a corrupt monetary and po
If you haven’t had the chance to see an economic collapse, don’t worry – we are in the middle of a global one right now.
James Turk believes the time we live in now will be studied by future historians for generations to come.
FX markets featured significant volatility in the past week, though the driver of that volatility was a combination of several idiosyncratic factors, rather than a core underlying narrative.
Have you been paying attention to what has been happening in Argentina, Venezuela, Brazil, Ukraine, Turkey and China?
Ernest Hancock and Keith Cyrnek travel from Phoenix to attend the Passport to Freedom 2014 event in Las Vegas put on by Andrew Henderson (Nomad Capitalist) this past weekend where Ernest was a speaker. Click thru for pictures...
As selling intensifies at market close, Art Cashin, UBS Financial Services director of floor operations, explains why Friday is the best day of the week to sell.
Well, they did predict this would happen, even if it was in direct contradiction with the numerator part of Goldman's top trade of 2014 which is being long the S&P500.
While the world's talking heads are desperately opening their global financial crisis fire-extinguishing mouths that this time is different, Rick Santelli takes 4 minutes to highlight the problems associated with liquidity that is always leveraged to
One of the greatest lies of the modern financial system (and that’s really saying something) is about inflation.
While the world of speculative capital is focused intently on the Twitter and Facebook #Ref/0 fundamental valuations in the publicly-traded equity markets, as the WSJ illustrates, the real dot-com 2.0 bubble is occurring in the private markets.
U.S. stocks fell sharply and Treasuries rallied on Friday, with the Dow Jones Industrial Average tumbling triple-digits for a second session and posting its worst week since November 2011, as investors pulled money from emerging markets and other ass