Bill Ackman had a $1Bn shortfall to cover (allegedly) in his Pershing Square Fund.
Suppose you could print up counterfeit dollars, euros or yen that were identical to the real things. Fun, you think? Here's how it plays out.
The stories make you want to take all of your money out of the stock market and put it in your mattress!
Phil is interviewed on Money Talk where he outlines some option trade ideas.
Capture, corruption, irreparable harm--and little hope for change.
Tax time, but not pay-up time.
There's an all-out Global currency war being waged and yesterday the Dollar was the clear winner.
These are indeed scary times for the corrupt kleptocrats of China.
The Nikkei shot up last night because the Yen was weak and, best of all, Japan's $1.25Tn pension fund will be handing money to the Banksters to put into the stock market.
Being a kleptocratic crook in China is now becoming a higher risk proposition.
This is the way the world ends Not with a bang but a whimper. ~ T. S. Eliot
Like any Ponzi scheme, China growth has topped out and it's all the runners of the con (Chinese Government) can do to keep investors from pulling out of the game
German banks are not heavily exposed to the Ukraine. Germany’s main vulnerability is natural gas.
China is the reason so many companies tell you how great their prospects are.
Puerto Rico muni owners who never saw the Barron’s story or the rating firms’ downgrades are better off than those who kept up with the financial news.