Day: March 31, 2014

Rigging the Stock Market is Old Hat

Is the latest revelation of stock market manipulation by high-speed traders via a just released 60 Minutes report really new? Before Michael Lewis’ latest book “Flash Boys,” there was “Wall Street Jungle” – a 1970 bestseller by Richard Ney. Although Ney’s insightful book was written in an era before the dominance of electronic trading, his …

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Are Chinese Stocks Really a Bargain?

Chinese stocks are the bargain of a lifetime. That’s what pundits from Goldman Sachs to analysts at major media outlets have been reporting. Are they right? The resurgence of borrowing money, led by world governments, has pushed global debt levels up 40% from $70 trillion in 2007 to around $100 trillion today. And while the …

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