Nations may still be divided by closely watched boundaries and vast oceans, but the global economy has no borders, and …
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A Strategy For Inflationary Times
Retro styles are in vogue. Unfortunately, so are retro economic conditions. The world, and the United States in particular, may …
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One Man’s Junk Is Another Man’s Treasure
Rational, unemotional investors create an orderly and efficient securities market. But sometimes fear takes over, buyers stop buying and the …
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Revisiting The Clear Channel Deal
It must be summer: Shareholders of Clear Channel Communications are voting, once again, on whether to accept a buyout of …
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Making The Best Of Bonds
With higher inflation, interest rates rise, potentially very quickly. As interest rates increase, conventional fixed-rate bonds depreciate because investors demand …
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Bernanke & Co. Play A Confidence Game
On an August Sunday in 1971, President Richard M. Nixon ordered the world to trust the full faith and credit …
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Coping With Upside-Down Mortgages
Finally, after a year on the market, your house has sold. But you’d better bring your checkbook to the closing, …
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Worst-Case Scenario Is Not Pretty
America and the world have a lot to lose if we exhaust other countries’willingness to fund our borrow-and-spend tendencies. Already, …
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Pensions, Promises And Lies
Since the beginning of history, most people toiled, tilled or hunted from puberty to old age. Then, in the 20th …
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Ruling Further Separates Brokers, Registered Advisors
In rejecting the so-called “Merrill Lynch Rule,” a recent federal appeals court decision has re-established traditional regulatory guidelines that afford …
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