Be Wrong Like Ray Dalio
In yesterday’s column, I wrote: If you have an issue with Social Security, then fix it. The regressive taxes to fund retirement...
Why Don’t We Hold Pundits Accountable?
Five years ago, Arthur Laffer — creator of the Laffer curve and a member of President Ronald Reagan’s Economic Policy...
Why Does Everyone Hate Home Ownership ?
Hating Homeownership The perception that housing is a bad investment is influenced too much by recent events. Bloomberg, May 6, 2014...
Finance’s Greatest Innovation: “Don’t Prosecute Us’
Banks Take the Economy Hostage Prosecutors are considering bringing criminal charges against two overseas banks for charges ranging from...
Gasoline Tax, Unchanged Since 1993, is Due for an Increase
U.S. on Highway to Flunking Out Roads are crumbling, bridges are collapsing, and what was once considered one of the greatest...
The Broken SEC Enforcement Mechanism
The Best SEC Money Can Buy The retirement speech from a Securities and Exchange Commission lawyer sums up much that is wrong with the...
What You’re Hearing Is Noise
What You’re Hearing Is Market Noise Much of what you hear about financial markets is noise that often is seductive, but wrong....
Things I Don’t Care About On This Miserable Monday
Everything That’s Wrong With This Monday It’s spring in New York and it’s freezing outside, so I’m going to list...
The Cowardly Failure to Prosecute Bank Felons
One of the great “mysteries” of the post-financial-crisis era is why there has been almost no prosecution of obvious...
How Market Tops Get Made
How Market Tops Get Made With all the bubble chatter and talks of over-valued stock markets, I thought it was time to have a discussion...