The American middle class was feeling the gust front for months before the Katrina-like financial storm hit in 2008. The name of this financial storm could easily be subprime collateralized debt obligations (subprime CDOs). And they knew their financial lives...
We were ready to write the epitaph for the U.S. IPO market, at least for this year. Then Newsmax, the right-wing media outlet, gave it a shot in the arm and got us all excited—only for us to realize, four...
Commerce Secretary Howard Lutnick said during an interview with Fox News a few weeks ago that when the new gross domestic product (GDP) number is released later this month, it will exclude government spending. I believe the secretary should spend...
A few days ago, I saw a social media video of a guy who, not even 35 years old, spent a considerable amount of time in line at a Caesars betting window. When his turn finally came, he wagered $11,500...