Articles

Robert Barro, a Professor of Economics at Harvard University a fellow at Stanford University's Hoover Institution looked at economic data from the past 130 years to determine the probabilities of a small and large depression occurring.

Citigroup, once the largest bank by market value and by profit saw its stock go below $1 briefly today.

Steve Leuthold of the Grizzly Short Fund predicts that the S&P 500 will rebound in 2009 to 1000. His short fund returned 74% in 2008 and 26% so far this year.

Aside from being completely awol, Geithner is obviously indecisive.

The problem is now that the entire economy dried up in January. Everything stopped.

The charts are scary and this is unprecedented, but it is real and it is happening.

A year after the collapse of the auction rate security market, investors are still stuck in an estimated $176 billion of the securities, despite regulators forcing banks to buy back up to $50 billion.

The current scenario is becoming one that would have been unimaginable to many even as recently as October. In so many ways, it is much worse than the Great Depression.

It is impossible not to wonder if this is the doing of Harry Markopolos.

Tim Geithner blew it big time yesterday. Was he just stupid, or is there some other explanation? The answer to this question is important. If he’s stupid, we are all in for trouble in the days, months and years ahead. If he had his hands tied for some other reason, then it is possible that things will get better.

These checks demonstrate everything that is wrong with our country.

The Madoff whistleblower who was ignored by the SEC is testifying on Capital Hill today and he is a straight shooter.

If you were hit with an overdraft fee from Bank of America or any of its acquired banks between 2000 and 2007 you can make a little easy cash.

I have written many times about CVTX, a small biotech specializing in cardiac drugs. I have beleived that the stock was undervalued for some time. Now Astellas has shown they agree.

We will get a new headline about an exposed hedge fund every day for most of 2009.