Archive - Blog entry

Provincial finance ministers should conduct a thorough performance, operational and fraud audit using independent industry experts on every major public pension fund in Canada. Some of these funds are hiding much more than others, but they all have secrets they want to keep from the public and they all game their private market benchmarks to reap big bonuses at the end of their fiscal year.

Electricity was not the only economic statistic not controlled / calculated by the Chinese government that showed that the 6% plus GDP growth in the first six months of 2009 (at a time when the global economy was sliding off the cliff) was an accounting miracle.

Six reasons why natural gas is better investment than oil

A respected Swiss publication puts a number on the size of Black accounts. $1 Trillion. Far more than anyone has suggested so far. Where did all this dirty money come from? The recent resolution with UBS is just the tip of this iceberg.

Project Mayhem reviews the most important financial and geopolitical news of the past week and takes a look at the week ahead.

Was the invasion of Iraq intended to create a new pawn on the global chessboard, one that could be used to place the Chinese king in check? The Iraqi oil reserves were meant to be a means to an end, not an end in themselves.

This should be another time saving moment for our readers as we measure several levels of investor sentiment with one unique indicator.

Pickens: Oil Will Reach $300 a Barrel
"Oil legend T. Boone Pickens, now CEO of BP Capital, says oil prices will continue to rise… So, 10 years from now, the price of oil could well be $300.”

Japan's ruling party for the past 50 years is set to lose the elections tomorrow. The opposition has threatened to demand payment from the United States in yen.

A 'secret' conversation reveals some thinking and practices on Wall Street. Shocking!

If Senator Kennedy were alive today, he would be spearheading the health care debate as well as the pension crisis. And he wouldn't be tweaking anything, but going for an overhaul of the entire system to ensure everyone retires in dignity and security.

What is C's market cap these days? Bloomberg and Yahoo can't agree. I am confused too. There is a ton of shares outstanding that are not included in the current float. Buyers of the stock today are looking at 8 billion shares that would love to get sold.

With the recent reappointment of King Bernanke, it is appropriate to revisit the key tenets underlying Bernanke-nomics and how they are likely to destroy America, if not the world.

I take a look at a speech made before the National Economics Club circa 2002 and conclude nothing has changed.

The Inspector General of the US Treasury has some negative things to say about the GSE MBS. Who looks silly? Who looks smart?