When I was nine years old, I opened my first savings account at a small bank in West Virginia.
Imagine a world in which the president of the United States decides that the government will set wages and prices.
In 1713, the City Council of Geneva ratified the world’s first bank secrecy law. The ordinance prohibited bankers from divulging any information about their clients’ transactions, except by agreement with the cantonal council.
Over the last decade, tens of thousands of visitors to the US – plus US citizens and residents returning home – have been subjected to warrantless border searches of their electronic devices.
2016 was another record-breaking year for the number of US citizens and its long-term residents expatriating, giving up their US citizenship and passport or green card.
In the darkest days of the Great Depression, a man named John Templeton convinced a bank to lend him $10,000. He took that money and did the unthinkable…
How’s this for a nightmare scenario? And while it didn’t actually occur on Valentine’s Day – it could have. One morning, you switch on your personal computer.
There’s a theory in the tech world called “Moore’s Law,” named after Intel’s cofounder, Gordon Moore. The hypothesis is this:
The number of transistors per square inch on integrated circuits doubles every two years.
Through an accident of birth, I and over 280 million other people are native-born US citizens. Unless we owe the IRS more than $50,000, or are otherwise ineligible, this status entitles us to carry a US passport.
Every president inherits something difficult. Some problems are simply out of the incoming president’s hands. Obama inherited a financial crisis.
Cash has never been a popular asset with the totalitarian set. It’s difficult if not impossible to trace. Cash makes it possible to do business “off the books.”
Supply and demand: it’s Economics 101. Nowhere is it more obvious right now than in the industrial metals sector. When demand for copper is high, the price goes up.
As the ferry from St. Kitts to Nevis pulls into Charlestown Harbor, you see a sign welcoming you to the “Queen of the Caribbees.”
Across America, malls have been left vacant. Once-thriving shopping centers are now empty. Abandoned. Established mainstay stores like Macy’s, Sears, and Kohl’s are struggling.
Last week, I was in Florida attending a conference for tax professionals sponsored by the Heckerling Institute on Estate Planning.
Love him or hate him, Warren Buffett has long been a guiding light for investors. Among his many insightful quotes, one that sticks is:
“Be fearful when others are greedy.”
As a baby boomer, I didn’t grow up with Facebook and other social networking sites. While I do use them – mainly to keep up with younger members of my family – I’m keenly aware of their potential to invade privacy.
At the end of 2015, a story about Donald Trump circulated widely. According to reports, if he had parked his wealth in an index fund 30 years ago, he’d be more than twice as rich as he is now.
It’s a new year. In less than three weeks, America’s 45th president – Donald John Trump – will solemnly swear to “preserve, protect, and defend the Constitution of the United States.”
You’d think Wall Street would have learned its lesson… But nearly a decade after the last financial crash of 2007–2008, the hunger for risky mortgages is back.
While it wasn’t widely publicized on this side of the pond, a hacker breach last month into Britain’s Tesco Bank sent shockwaves throughout Europe, with the thieves managing to steal £2.5 million pounds (US$3.1 million).
The euro is a disaster. At least that’s the story according to Joseph Stiglitz, the Nobel prize-winning economist. Looking at Europe, it’s not difficult to see what he means.
Stroke of the pen. Law of the Land. Kind of cool. Paul Begala, advisor to President Bill Clinton (1998)
One of the oldest traditions in the American republic is “government by emergency.”
Most people remember the horror of 2008 like it was yesterday. They recall watching helplessly as their pension funds were crushed in the financial crisis.
Don’t trust banks to protect the money you’ve deposited? You’re hardly alone.
Full disclosure: This is a controversial topic. Investing in a Schedule I narcotic isn’t everyone’s idea of a risk-free strategy.
Donald Trump could be the worst president ever if he follows through on his promises to bust the federal budget and crack down on civil liberties.
It’s been two weeks since Donald Trump won the US election. To be perfectly honest, I’m terrified.
After last week’s vote, investors wonder if the initial post-vote spasms in the financial markets indicate long-term changes to come.
A question I’m asked a lot by clients is, “Are markets manipulated?” My answer is always the same: “Of course they are.”