kendallkunz

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Here's Why The Government Is Filing Lawsuits Against Huge Piles Of Money

Under a federal law known as civil forfeiture, the police can seize your assets if they believe they were obtained through illegal means — even if you haven't been convicted of a crime.<p>In order to keep those assets, the US government has to file a civil complaint, which looks something like this: …

Evolution of S

Rajlakshmi De, Hamid Mehran, and Michael Suher<p>Commercial banks didn’t become eligible for S-Corporation status until 1997, when President Bill …

Fisher: It's Very Dangerous to `Tamper' With Fed - The Big Picture

Federal Reserve Bank of Dallas President Richard Fisher talks about the central bank’s independence, monetary policy and economy. Fisher speaks with …

Central Banks Warn of Possible Bumpy Ride for Markets

Global central bankers said financial markets could suffer a bout of turbulence -- again -- when they begin to withdraw monetary stimulus.<p>Janet …

European, Chinese Economic Data May Underscore Divergence From US, Could Weigh On Gold

<b>(Kitco News) -</b> Next week brings more attention to eurozone and Chinese economic data, and the results may serve to underscore the monetary policy divergence between the U.S. and the rest of the world.<p>That could result in the U.S. dollar gaining further and putting pressure on gold, which could …

The Week Ahead: Three Reasons Not to Jump into Stocks Now

The stock market’s powerful rally from the October lows has definitely impressed most professional analysts and the financial media. Some commentators that were recommending the short side of the market in October, are now back in the bullish camp.<p>Others, when asked if they have changed their view, …

Belgian Riots And Confusing Money With Wealth

Yesterday, 100,000 rioters clashed with police in Belgium over government austerity measures that will raise the pension age and reduce social services. These measures are, it was explained, “essential to keep the budget deficit within European Union constraints” (Belgian protesters clash with …

The Future Of Money

In the early 1970’s, the financial industry was transformed by a strange confluence of events. In 1973, The Chicago Board of Trade opened the first options trading floor and, almost as if on cue, just a month later, the Nobel prizewinning Black Scholes options pricing model was published.<p>Soon …

Who Got Rich This Week: Beneficiaries of a Publicis Buyout, CEO of a Rising Payroll Software Company

<b>Low Earnings? No Problem</b><p>Sapient Corporation, a Boston-based digital consulting and marketing firm, released third-quarter earnings Thursday, and the results weren’t impressive. Gross revenues did increase 9% from the previous year to $364 million, but net income dropped 15% from $26.3 million to …

Four dead, one rescued after boat capsizes off Northern California

A crabbing expedition turned tragic Saturday morning when a boat capsized off Northern California, killing four people, a Sheriff's Office spokeswoman said. A fifth person was able to cling to a rock and was rescued,<p>The sole survivor, 66-year-old Phillip Sanchez, told authorities that he and the …

Global Stocks Appear Cheap To Bonds

For the past few years we have maintained that stocks are attractive compared to most other asset classes, particularly government bonds. One metric that supports our view is the high current spread between equity market earnings yields (the inverse of the price-to-earnings ratio) and long-term …

Individual Investors

International Growth Fund<p>While the world has changed drastically over the past two decades, Oppenheimer International Growth Fund’s investment …

U.S. dollar drops as taper timing in flux

NEW YORK (MarketWatch) — The U.S. dollar dropped against most rivals Friday in the wake of weak economic data and dovish testimony from Federal …

After Spiking to $900 And Crashing to $450, Bitcoin Is Now Back Over $700 And Creeping North

In the last few days Bitcoin has dazzled, with record highs and steep declines. Though Bitcoin fell more slowly from its peak than I expected, the currency did manage to shed half its value in a roughly daylong period. So that likely caused a few people to sweat.<p>But we’re back, baby! After slipping …

Cyprus University Accepts Bitcoin

Amazon debuts ‘second screen’ TV experience for Kindle HDX, but Bezos mum on further living room plans

The debut of Amazon’s new Kindle Fire HDX tablet lineup is bringing a new feature to the company’s Instant Video service — the ability to use the …

Pound strengthens as Osborne holds to inflation target

The pound is up slightly today, after Britain’s chancellor of the exchequer opted not to tweak or call for a review of the the Bank of England’s inflation target of 2%. In his statement, George Osborne said:<p>This Budget confirms the primacy of price stability and the inflation target in Britain’s …

Investing

Pay freezes and inflation bring six months of retail sales growth to an end

Spending on Britain's high streets in March is at its weakest since last summer as pay freezes and rising inflation curb consumer spending power.<p>The …

ROSENBERG: For The First Time In A Long Time, I'm Talking About Inflation

Rosenberg has been a long-term Treasury bull because he's convinced inflation and interest rates will be low for a long time.<p>But in a surprising twist, Rosenberg talks about inflation in his new note.<p>He writes that 1) if the Fed is operating under "a false presumption" that output gap is at six …

Inflation and National Savings

Matt Yglesias writes<p>whenever I look at the trend in the personal savings rate I wonder to what extent the low inflation environment of the “Great Moderation” played a role. If people suffer from money illusion (which they do) then a low interest rate environment is going to make interest rates look …

IMF downplays threat of inflation to world economy

Fears that flooding the global economy with cheap money will lead to runaway inflation have been rejected by the International Monetary Fund as it …

AIER's everyday inflation index is terrible.

Not happy with the Bureau of Labor Statistics' official measures of inflation? Want a much less accurate read on price trends? Then the American …

Quartz Chartbook: Sketchy Chinese data, feeble European factories, Brazil inflation

China posted a relatively rare trade deficit<p>Imports exceeded exports (paywall) by a mere $900 million in March as part of the volatile—and difficult to parse—Lunar New Year period.<p>But the update also raised further doubts about the veracity of the numbers, exemplified in the absurd growth in …

Hong Kong

Are stocks at new highs if you factor in inflation?

<i>USA TODAY markets reporter Matt Krantz answers a different reader question every weekday. To submit a question, e-mail Matt at mkrantz@usatoday.com.</i><p><b>Q: Is the S&P 500 really at a new high, adjusted for inflation?</b><p>A: Any time the market hits new highs, there are always people who doubt it. This …

BofA: The World Is Developing An Inflation Problem

The real problem right now though, according to BofA Merrill Lynch economist Ethan Harris, is actually the opposite - disinflation (positive, but falling inflation rates).<p>"For central banks," many of which have a 2 percent inflation target, says Harris, "this increases the pressure to maintain …

Gold as inflation hedge: It works but so does everything else.

The ad-targeting demons sent me a bunch of ads today about how I should buy gold to hedge against inflation. And apparently some highly paid hedge …

Minimum wage to rise but 1% hike for young falls behind inflation

The minimum wage for young people is to rise by 1%, less than the rate of inflation, amid an on-going row over rewards for top executives and bankers …

Inflation sticks at highest level since May 2012

The rate of inflation stayed at its highest level for almost a year in March, keeping up the squeeze on consumers.<p>The annual rate of consumer price …