The Facebook IPO was last week’s big story, but it didn’t completely overshadow the travails of J.P. Morgan Chase. Poor Jamie Dimon, CEO of JPM. …
President Barack Obama had better hope that the European elections aren’t an omen. For the first time in memory, incumbents throughout the world are at …
The disadvantage of being ahead of the curve is that you have to wait for the news to catch up. It’s beginning to dawn on …
The Federal Reserve issued its quarterly forecast adjustment, which is to the upside. Am I missing something? As the year began, the employment and economic …
I’m going to jump around today, starting with a round of applause for shareholders of Citigroup. They rejected a board-approved senior management compensation package that …
The markets are rolling and the media investment shills are laser-focused on a continuing upward ramp. On days when the financial markets do decline, the …
Rising yields on Spanish bonds spooked the markets last week, and as I pointed out in January, Spanish and Italian bond yields would be critical …
I began the year attempting to be optimistic. I still believe this year will be better than the last, but not by much. Given the …
China continues to rear its ugly head and the news is increasingly worrisome. The March flash HSBC Purchasing Managers’ Index posted another decline in manufacturing …
Stocks were up seven straight days, Apple hit $600, and everything is one in the economic universe. Even the Fed expressed optimism, albeit of the …
Last week, I finally put a stake in the ground on how I expected the year to unfold. The day after the column published, one …
I’ve been remiss in finalizing my 2011 record and announcing my Empty Suit awards. I’m sure everyone is disappointed. Today, I’ll correct the more important …
It was a week of incredible surprises the least of which is that I’m not going to discuss the president’s budget this week. First Fitch …
Although a logical choice for today’s column, I’m not going to discuss the president’s proposed budget for two reasons. The first is I haven’t reviewed …
I’ve dragged my feet on offering an assessment for 2012 because gauging the severity of Europe’s impact has been daunting. I originally thought they would …
The most anticipated IPO since Google is in motion. Facebook is going public and its 27-year-old founder – Mark Zuckerberg – will enter the rarified …
More discouraging than the president’s campaign speech – I mean State of the Union address – was the Republican response. Though greatly flawed, the president …
Given the lack of notable news, this week I’m going to highlight some key data points to watch during the year. But first, I want …
With a new year upon us, hope, as they say, springs eternal. Regular readers know I don’t place much value in hope. I prefer reality …
Merry Christmas -- or should I say -- Happy Holidays. As my last column of 2011, I want to end the year on a more …
Last week, I made a weak attempt at using a game show variation as a writing device. The goal was to illustrate how media headlines …
Today, we’re going to play a game called headline reality. At the risk of dating myself, it’s a variation on “To Tell the Truth” wherein …
Thanksgiving marked a brief respite for stock owners to recharge and recover from a rough week in the financial markets. December can’t come soon enough. …
Last week’s column ended with a heads-up to watch the next day’s Italian bond auction. That auction went off reasonably well, and the markets spent …
I was terribly disappointed with the CNBC-hosted Republican debate. Granted, the debate – focused solely on economic issues – was probably the most substantive to …
Democracy must rule! On second thought, we don’t need no stinkin’ referendum! It appears that the Greek prime minister doesn’t know which end is up. …
In fairness to Rick Perry, I was planning to review his tax plan. That, and I could use a good laugh. But the veritable avalanche …
I’m constantly amazed by how little those who run for public office understand about economics. Come to think of it, I’m constantly amazed by how …
I was riveted by the “60 Minutes” interview of jobs czar General Electric CEO Jeff Immelt. It’s no accident this pioneering show has lasted so …
There are very few people to whom I would tip my cap. With Steve Jobs’ passing, there is one fewer. Admittedly, during my career in …
With a string of encouraging economic reports, and in the spirit of optimism, I had planned to focus solely on good news this week. But …
The president’s proposed deficit reduction plan seems more political theater than a genuine effort at deficit reduction. Like most of his predecessors, the president seems …
Before delving into the president’s jobs plan, a comment on optimism. Readers know I’m no “Mary Sunshine.” Logic and reality rule my thinking. I focus …
The president took a kitchen sink approach with his jobs plan: ask for a bunch of things and settle for a few. Given the dysfunction …
The financial markets have returned to treating bad news as good and vice versa. The reason: they believe that bad news will force the Fed’s …
Congratulations to Starbucks CEO Howard Schultz for calling upon his CEO colleagues to boycott campaign contributions until our elected officials start acting like leaders rather …
About the only good that comes from times like this is that columns write themselves. Well, good for me. The best analogy I can think …
Setting a record, the Dow had 400-plus point swings in opposite directions on four consecutive days. Ponder that for a second. Days after averting default, …
Reading last week’s Wall Street Journal headlines was like reading a summary of the last six months of this column: “Home Listings Fall but Woes …
There were several interesting jobs-related articles in the Wall Street Journal last week. Collectively, they made me laugh. But it wasn’t the “that’s hilarious” kind …
A couple of weeks ago I’d originally started my column by indicating my call for a second-half downturn might be wrong. But then the June …
Roger Clemens may have dodged a bullet without the help of steroids. Prosecutors pulled a Bill Buckner – which may end the entire affair on …
With retail sales, factory orders and manufacturing metrics indicating we may be exiting the economic soft patch, the second half was off to a promising …
So that release from the strategic oil reserve certainly did the trick. When I said it was a political move whose impact would be fleeting, …
The Fed spoke, and everyone listened. But if anyone expected good news, they walked away disappointed. In a shocking announcement, the Federal Reserve lowered its …
Did you catch the Republican presidential debate? I did, and the experience was comparable to having one’s teeth drilled. Let me recap for those who …
Dear Ben Bernanke: I’m a bit confused and I’m hoping you can help clarify things. In your recent speech you set a dour tone. Sure, …
Last week I blamed the Democratic Party exclusively for putting politics over the country’s well-being and this was unfair. True, the Dems are attempting to …
Former President Bill Clinton has been in a bit of a press coverage dry spell. Last week he broke out of his slump in a …
There were some strange happenings in the oil markets last week. Well, strange if you believe the oil mavens are more competent than your average …