Mark Skousen, Ph. D., is the editor of the monthly investment newsletter, Forecasts & Strategies, as well as three weekly trading services, Skousen High-Income Alert, Hedge Fund Trader and Fast Money Alert. He also is a professional economist, investment expert, university professor, and author of more than 25 books. He earned his Ph. D. in monetary economics at George Washington University in 1977. He currently holds the Benjamin Franklin Chair of Management at Grantham University. He has taught economics and finance at Columbia Business School, Columbia University, Barnard College, Mercy College, Rollins College and Chapman University. He also has been a consultant to IBM, Hutchinson Technology and other Fortune 500 companies.
Financial literacy is important, but sadly, only a handful of states require students to take personal finance or an investment course.
Wall Street knows that any big financial institution probably will be bailed out in the future, and such thinking will affect private sector decision making about risky investments.
Most Austrian economists argue that the best response to the 2008 financial crisis was to do nothing. By refusing to bail out the banks, investment firms and insurance companies, the government would be sending a clear message that Wall Street and the private markets must avoid irresponsible decisions in the future.
The libertarian movement will truly arrive whenT he New York Times does a serious article on the #1 libertarian think tank (Cato Institute), the #1 libertarian TV show (Stossel on Fox) and the #1 libertarian conference (FreedomFest).
Sadly, the U.S. government is making enemies out of our friends.
Stocks sold off sharply Thursday. Finally, the much anticipated correction is happening, but I don’t see any fundamental reason for the decline. It’s purely a technical correction.
Certainly, under Obama, the stock market has done well. In fact, when Democrats have been in the Oval Office, Wall Street tends to do better.
I saw a sign from the so-called Transportation Security Administration (TSA) that read “Eight Most Common Reasons for Security Delays.” It warned against putting liquids in carry-ons, failing to take off shoes, etc. They forgot to list the #1 reason for delays: the TSA itself.
It’s a sad commentary when a major consumer corporation buys into his hippie-style philosophy and encourages people to live off of others and to adopt the welfare, no-workfare mentality.
Thomas Piketty should take note! Inequality is shrinking, not growing, when it comes to useful goods and services.
There is a natural tendency for private enterprise to increase services and for government agencies to reduce them.
“Hundreds of thousands of illegal immigrants who came to the United States as children will be allowed to remain in the country without fear of deportation.” -- President Barack Obama (June 16, 2012)
The European Central Bank, under Italian banker Mario Draghi, cut its bank deposit rate below zero in an effort to “avert the dangerous threat of deflation” and to spur the “sluggish” euro-zone economy.
Rosen has a volunteer “anti-poverty” program that really works at Tangelo Park in Central Florida, where high-school graduation levels have soared and crime has fallen sharply amid his “good-works” activities.
I took an extensive tour last April through Asia, visiting Thailand, Singapore, Vietnam, Hong Kong, Taiwan and Japan. I noticed that while their economies were booming, their stock markets have been lackluster since the Great Recession of 2008.
Will Attorney General Eric Holder and the Obama Administration stop at nothing to silence their critics?
This image of wealth is terrible for capitalism at a time when millions — even billions — of people are struggling in this world to survive.
The Economist magazine rightly calls French professor Thomas Piketty the new Marx, although a watered-down version. Piketty’s bestseller (rated #1 on Amazon) is a thick volume with the same title as Karl Marx’s 1867 magnum opus, “Kapital.”
I recently watched a classic Yankees baseball game on TV played in the late 1970s. Ron Guidry was the pitcher. The game flew by quickly, taking less than two hours.
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for August 29th, 2014 | John Ransom
Today, at 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for August 28th, 2014 | John Ransom
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for August 27th, 2014 | John Ransom
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