It's amazing what money can buy. As Shah Gilani explains, you can actually buy time on Wall Street and make a small fortune... Read more...
wall street market
- The Shocking Story Behind "News Feed Trading"
- The Truth About "Dark Pool" Trading
- Is Jamie Dimon's "Scary and Volatile" Prediction on Target?
- The Ugly Truth About Bail-ins, Magic Wands and Con Men
- Don't Ignore Meredith Whitney's Bullish Market Call
- These Three Men Represent Everything That's Wrong with Wall Street
Shah Gilani explains how markets are actually a casino rigged by the house, for the house. Here’s the deal behind dark pool trading. Read more...
JPMorgan CEO Jamie Dimon created a stir across the globe Thursday when he told a forum in China markets will remain volatile because of extraordinarily low interest rates.
Speaking at the Fortune Global Forum in Chengdu, China, Dimon said, "It's a different world when central banks are managing interest rates.... Until it gets back to normal, it's going to be scary and volatile."
Stuart Varney, the host of FOX Business' "Varney & Co.," asked Money Morning Chief Investment Strategist Keith Fitz-Gerald and Wall Street analyst Meredith Whitney for their take on Dimon's comments.
Is Dimon right? Check out what Fitz-Gerald and Whitney had to say in the accompanying video.
According to Shah Gilani, this is what we've come to: Liars leading liars, lying to the public that banks are safe institutions. Read more...
Meredith Whitney, the prominent banking analyst known for making aggressive bearish calls, just made a strikingly bullish call on U.S. stocks.
But I don't know - and I'm not convinced they do, either.
Still, that doesn't mean we should dismiss them entirely. After all, there are millions of Americans who sense there's something terribly wrong with our capitalist system, but they can't pinpoint exactly what it is either.
But I can.
Bad actors have done bad things to good institutions and our capitalist system. Today, I'm going to let you in on who three of those bad actors are.
You see, part of the problem is that when we think of the "bad guys" on Wall Street, or in Washington for that matter, we don't often think of specific people. We talk about "them" as faceless men we might imagine sitting in luxurious high-rises chewing on cigars and laughing as they rake in millions, or even billions of dollars on the backs of hardworking Americans.
I intend to fix that. I want to shed light on the faces of the people who are gaming the system and lay out before you the tools they're using to get away with it.
So, I'm going to start today with three of the biggest perpetrators of the mess we're in.