By Duncan Smith If you were paying attention earlier today — and anyone with retirement savings wrapped up in 401(k) accounts and other investment vehicles likely was — the major indices tanked. The Dow was off by about 900 points; the NASDAQ 200; the...
By Duncan Smith Well, for all the world, it sure looks like Federal Reserve Chairman Jerome Powell is telling heap big whoppers again so he can avoid raising interest rates on a government that can’t afford to pay higher interest on its massive debt. Fox...
By Duncan Smith As regular readers know, we don’t do the ‘economic doom and gloom’ prediction business because opinions are generally like a-holes — everybody’s got one. But when legitimate entities make bold, dire predictions about...
By Duncan Smith Stock up on what you can right now because whatever it is you are going to need in the near future, it’s not going to be available. At least, not anytime soon. Oh, and when it is, it’ll cost a helluva lot more money, too. Bloomberg News...
By Duncan Smith There aren’t many functioning institutions left in America, and certainly the Federal Reserve is on that list of dysfunctional. But the problem is, the agency is responsible for the majority of American fiscal and economic policy, so we ought to...
By Jon Dougherty @JonDougherty10 (TNS) After opening down Wednesday morning, Wall Street bounced back nicely by the close of business this afternoon, adding another 1,100 points to the Dow Jones Industrial Average while the other indices gained as well. We have no...
