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The latest outrage in a never-ending series: Brokers suing their own customers

Just when I think I can no longer be shocked by the brokerage industry, I come across some fresh depravity, some new and previously unimaginable perversion of the bullshit “suitability” standard that daily permits the misleading sale...



Japan Needs Higher Returns on Overseas Assets

Despite a more than a two-year stretch in merchandise trade deficits, Japan still brings in more capital from abroad than it sends out, thanks to hefty returns on its overseas investments. Yet economists warn that the country needs to increase its...



U.S. Home-Builder Optimism Surges

Home-builder optimism surged in September to the highest level since 2005, a sign home construction could pick up in coming...



We Just Saw The Biggest Weekly Jump In Mortgage Rates Of The Year

Average US fixed mortgage rates saw their biggest weekly jump of the year, hitting their highest level since the week ending May 1. This is according to new survey data from Freddie Mac. During the week ending September 18, the 30-year fixed-rate...



Twitter CEO Responds To Pot-Smoking Accusation In Best Way Possible

PayPal and Palatir cofounder Peter Thiel is a legendary entrepreneur with a nose for investment. But when it comes to Twitter, it seems like all he smells is weed. “Twitter is hard to evaluate,” Thiel said on CNBC's "Squawk...



The political appeal of currency union and disunion

I HAVE watched the debate over Scotland’s independence with a certain déjà-vu. In 1995, I along with everyone else in Canada watched nervously as Quebecers voted on whether to separate. Like Scotland’s separatists today,...



Icahn May Pick Bones From Trump Atlantic City Bankruptcy Again

Can the activist use his persuasive skills on Atlantic City casino workers to get them to do what they wouldn't do for Trump?Carl Icahn may hold the trump card in Atlantic City as Trump Entertainment’s bankruptcy could turn out to be an...



September 2014 FOMC Statement: Few Significant changes

Redacted Version of the September 2014 FOMC Statement by David Merkel, CFA of The Aleph Blog FOMC Transcript 2008 July 2014 September 2014 Comments Information received since the FOMC met in June indicates that growth in economic activity...



Federal Reserve Board and Federal Open Market Committee release economic projections from the September 16-17 FOMC meeting

Federal Reserve Board and Federal Open Market Committee release economic projections from the September 16-17 FOMC...



Federal Reserve issues FOMC statement on policy normalization principles and plans

Federal Reserve issues FOMC statement on policy normalization principles and...



Eight Lessons From Our First Year

This week marks the one-year anniversary of my registered investment advisory firm, Ritholtz Wealth Management. As co-founder and CEO, I’ve spent the last 12 months learning the process of starting an investment management firm,...



Eike Batista’s Assets Are Frozen in Wake of Insider Trading Charges

Prosecutors in Brazil have argued that Mr. Batista profited from insider information when he sold shares in his now bankrupt petroleum company,...



U.S. Consumer Prices Fall 0.2% in August

Consumer prices fell in August, a reading that could support Federal Reserve policymakers seeking to move slowly in raising ultra-low interest...



Early Facebook Investor: Twitter Is 'Horribly Mismanaged' and Run by Potheads

Talk about a backhanded compliment. Peter Thiel, a billionaire venture capitalist and cofounder of PayPal and Palantir, was asked for his thoughts about Twitter during an interview with CNBC on Tuesday. His response was that Twitter has "a lot of...



CNBC Anchor Calls Out Fed-Hater Bill Fleckenstein In Startling On-Air Shouting Match (DIA, SPY, QQQ, TLT)

Bill Fleckenstein of Fleckenstein Capital appeared on CNBC's Futures Now program on Tuesday. It was kind of a strange segment. Futures Now host Jackie DeAngelis came out swinging, asking Fleckenstein right at the top if he was willing to admit that...



Why don’t we have more free trade?

I remain amazed that we have as much free trade as we do.  Here is from a recent Pew poll: President Barack Obama and other world leaders are having a tough time selling the benefits of the trade agreements they’re negotiating, in part because...



Economists React: PBOC Injection Fails to Impress

A commuter walks past the People’s Bank Of China. Bloomberg China’s decision makers yet again resisted pressure to significantly ease monetary policy and instead injected 500 billion yuan ($81 billion) in liquidity into the...



Wednesday: FOMC Statement and Press Conference, CPI, Home Builder Confidence

More previews on the FOMC statement and press conference:From Jon Hilsenrath at the WSJ: How the Federal Reserve Could Tweak ‘Considerable Time’ "Given the economic backdrop, they don’t want to send a signal right now that rate...



This World Map Shows Where People Are Thriving

The state of a country’s well-being says a lot about its prosperity and progress. That’s why Gallup and Healthways team up to produce the annual “State of Global Well-Being Index,” which this year analyzed 135 world...



Trump SoHo Hotel Lender Plans to Put Property Up for Sale

A lender to Trump SoHo, the upscale Manhattan hotel and condominium that Donald Trump unveiled on his television show The Apprentice, is foreclosing on the property and putting it up for sale, said people familiar with the...



The Moral Tragedy of Scottish Independence

The injustice of watching from England as the Scots destroy the United...



Allergan Agrees to Hold Meeting That Could Lead to Takeover

The move will give shareholders a chance to vote out a majority of the board and give Pershing Square and Valeant a green light on their $53 billion bid for the Botox...



MIT Robotic Cheetah Runs Like A Real Animal [Video]

Future versions of MIT's robot would make it impossible for most humans to outrun the machine Cheetah is the fastest land animal on the planet. The big cat can accelerate from zero to 60mph in just a few seconds. Now MIT researchers have developed a...



Calpers, Nation’s Biggest Pension Fund, to End Hedge Fund Investments

The California Public Employees’ Retirement System said it would liquidate its hedge fund investments in the next year on concerns that the investments are too complicated and...



10 Tuesday AM Reads

Happy Fed Day! Or should we say: Happy start to the-two day FOMC meeting that will drive trading volumes even lower as we await the inevitable continuation of the taper. Oh, and here are our morning reads: • Record S&P 500 Masks 47% of...



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Snapchat Fetches $10 Billion Valuation

Kleiner Perkins agreed to invest in Snapchat at a valuation of close to $10 billion, making it one of the world's most valuable private tech...



The political appeal of currency union and disunion

I HAVE watched the debate over Scotland’s independence with a certain déjà-vu. In 1995, I along with everyone else in Canada watched nervously as Quebecers voted on whether to separate. Like Scotland’s separatists today,...



IMF VIXEN CHARGED IN FRANCE

IMF VIXEN CHARGED IN FRANCE(Main headline, 1st story, link) ...



GOOGLE Faces Global Backlash Over Search Dominance, Privacy...

GOOGLE Faces Global Backlash Over Search Dominance, Privacy...(Second column, 7th story, link) ...



Real Vision Television To Offer Financial Reporting Alternative

Raoul Pal launches Real Vision Television Former fund manager Raoul Pal doesn’t believe financial television channels like CNBC and Bloomberg TV are providing viewers real value or even much useful programming, reports Julia La Roche of...



Volatility Can Be Risk, At Rare Times

Photo Credit: Matt CavanaghThere is a saying in the markets that volatility is not risk. In general this is true, and helps to explain why measures like beta and standard deviation of returns do not measure risk, and are not priced by the market. After...



Why the VIX may not be real fear gauge

Some hedge funders are finding that the index is of little help, even prompting some to suggest that it has been artificially...



Bipartisan Support for U.S. Military Campaign against ISIS

In a rare display of bipartisanship, majorities of both Republicans (64%) and Democrats (60%) approve of President Obama’s plan for a military campaign against Islamic militants in Iraq and...



Class Interests and Monetary Policy, Take II

Direct versus indirect effects, and the question of false...



Olive Garden investor: Back off on breadsticks

Starboard Value suggests the chain is being reckless with its unlimited...



Yellen, The Importance of Asset Building for Low and Middle Income Households

Speech at the 2014 Assets Learning Conference of the Corporation for Enterprise Development (via prerecorded video), Washington,...



Early Facebook Investor: Twitter Is 'Horribly Mismanaged' and Run by Potheads

Talk about a backhanded compliment. Peter Thiel, a billionaire venture capitalist and cofounder of PayPal and Palantir, was asked for his thoughts about Twitter during an interview with CNBC on Tuesday. His response was that Twitter has "a lot of...



NSA Built Google-Like Search Engine ‘ICREACH’

NSA's ICREACH search engine lets intelligence analysts search private communication recordsAccording to the latest documents leaked by NSA informant Edward Snowden to “The Intercept”, U.S. government intelligence services...



"Obama losing the confidence of key parts of the coalition that elected him"

Glenn Reynolds quips about this: "Hi folks. You're kinda late to the party. Try not to be so easily fooled next time." Beautiful. ...



Nude celebrity photos leak, fueling privacy worries...

Nude celebrity photos leak, fueling privacy worries...(Second column, 13th story, link)Related stories:More surface including X-rated video...APPLE: 'Targeted Attack'... ...



ROBERT SHILLER: Beware The Psychological Impacts Of Russian Sanctions (DIA, SPY, QQQ, TLT, RSX, ESR, POL)

Don't dismiss the psychological impact of poor economic growth and increasingly weighty economic sanctions.  Yale professor Robert Shiller is out with a new essay at Project Syndicate called "Parallels to 1937" that tackles the...



Tesla to Pick Nevada for Battery Plant

Tesla Motors Inc. will choose a site in Nevada for its proposed $5 billion battery factory and will announce the move Thursday at a news conference in the state, according to a person familiar with the auto maker's...