Alan Simpson's Campaign Of Fear Is Based On Myths About The US Debt
Former Senator Alan Simpson gave an interview on the Today Show this morning and here are a few comments he made."There's people that we owe $16 trillion bucks to."Â "We're in deficit to the tune of $1...
View ArticleBloomberg BRIEF's Guide To The Fiscal Cliff Is The Best Summary That's Been...
Bloomberg BRIEF — Bloomberg's economics newsletter— has put together a comprehensive slide deck about what happens if and when we go over the fiscal cliff .It's scary.Basically, consumers are not...
View ArticleHere's How The Government's Massive Insider Trading Probe Could Actually Help...
The government's crackdown on insider trading at hedge funds may actually be benefiting one fund at the center of the probe—SAC Capital.The investigations have resulted in the ruin of several hedge...
View ArticleCarson Block Explains How His Team Investigates A Company
Famed short-seller Carson Block recently did an interesting video interview with Reuters.He doesn't touch on his latest short, Singapore based commodities trading firm Olam, but he does discuss his...
View ArticleANALYST: There's A Big Red Flag In The Economic Data That Could Set Up Stocks...
The latest divergence in economic data may be setting up the stock market for a "nasty New Year surprise," says Andrew Wilkinson.Wilkinson, the chief economic strategist at Miller Tabak, highlights two...
View ArticleCITI'S MATT KING PRESENTS: 'The Most Depressing Slide I've Ever Created'
Citi's Global Head of Credit Strategy, Matt King, has a knack for putting together useful illustrations.Here, he examines one of the implications of one of the most powerful forces in all of economics:...
View ArticleBillionaire Steve Cohen Absent From This Year's Art Basel
Prolific art collector Steven A. Cohen, the billionaire founder of $14 billion SAC Capital Advisors, is absent from this year's Art Basel, the New York Times' David Segal reports. Cohen, a passionate...
View Article'Millionaire Madam' To Reveal Names Of Two Alleged NFL Clients On Dr. Phil
Anna Gristina, New York City's "Millionaire Madam" who was convicted of promoting prostitution earlier this year, is going to make an appearance on "Dr. Phil." Gristina told the New York Postthat she...
View ArticleGet The Latest Wall Street News Before Breakfast
Clusterstock Select is an easy-to-read daily email newsletter that roundup top headlines, analysis, and video covering Wall Street and the financial services industry.Signing up is quick and easy. Use...
View ArticleMORGAN STANLEY: Here Are 4 Reasons Why Gold Is Our Favorite Commodity For 2013
Yesterday, Goldman Sachs' Damien Courvalin declared the end of the great gold bull market.Today, Morgan Stanley's Hussein Allidina is making the exact opposite call, arguing that gold is the best...
View ArticleSTOCKS RISE: Here's What You Need To Know (DIA, SPY, QQQ)
It was a quiet day in the markets.First the scoreboard:Dow: 13,074, +39.5, +0.3 percentS&P 500: 1,413, +4.6, +0.3 percentNASDAQ: 2,989, +15.5, +0.5 percentAnd now the top stories:The stage was set...
View Article32 Rules You Must Know For Wearing A Tuxedo
This post originally appeared on The Fine Young Gentleman. How to wear a tuxedo? A simple enough question, right? The look is quite simple; some black here, some white there. But to appropriately...
View ArticleDeutsche Bank's Jim Reid Presents A European Nightmare Scenario That The ECB...
The major development in yesterday's European Central Bank policy meeting was a significant downgrade to the ECB's staff projections for GDP growth and inflation in the euro area over the course of...
View ArticleHere's The Ridiculous Cheer That Yum! CEO David Novak Made Everyone Do At Its...
Yum! Brands CEO David Novak spoke at the company's investor meeting yesterday, and he had everyone do the Yum! cheer.It's pretty ridiculous."Now I ask you every year to do Yum! cheer," said Novak. "You...
View ArticleCFTC: Goldman Trader Hid $8.3 BILLION Trading Position, Caused Loss Of More...
The Commodity Futures Trading Commission said in a release that a former Goldman Sachs trader hid an $8.3 billion trading position causing Goldman to lose more than $100 million unwinding the position....
View Article3 Awesome Stories About How Barney Frank Came Out To Other Congressmen
Since the financial crisis, the most talked about aspect of Congressman Barney Frank's (D-MA) career has been his consistent role on the House Banking Committee. There, he's known for being smart,...
View Article18 Facts About McDonald's That Will Blow Your Mind
Before, during, and after the recession, McDonald's has been an unstoppable global force.The fast food giant can now be found in 119 countries, where it serves over 75 burgers every second.And if you...
View ArticleBEAT: OCTOBER CONSUMER CREDIT RISES OVER $14 BILLION
UPDATE: It's a beat.Consumer credit rose $14.15 billion in October vs. expectations of a $10 billion rise.Revolving consumer credit rose $3.4 billion.That's a nice reversal from the fall of $2.2...
View ArticleIn One Chart, See Why 2012 Was A Historic Year For The US Oil Comeback
There's been a lot of buzz lately about the rebound in the US oil industry, and how the US is turning into "Saudi America."One of our favorite charts that show just what a transformative year it has...
View ArticleAll Of The Fiscal Cliff Polls Have Been Pretty Brutal For Republicans
As negotiations on a deal to avert the "fiscal cliff" enter the final three weeks, Republicans face a stark reality: The American public continues siding with President Barack Obama and Democrats on...
View Article