B of A Bringing Back Execs
NEW YORK, Feb. 22 /PRNewswire/ -- Bank of America Merrill Lynch Global Banking and Markets President Tom Montag today announced that Sam Chapin and Todd Kaplan have been appointed executive vice chairmen of Global Banking, effective immediately. In t ....More Is the Rally in the U.S. Dollar Real?
In this column in September, I wrote of how the U.S. dollar has been in a long bear market since 2001, while investors and traders were acting as if the dollar’s decline had just begun this year. Betting against the dollar had become the talk of th ....More Decidedly Speculative
As of last week, the S&P 500 nearly matched the richest valuations, on normalized earnings, ever observed prior to 1995. While it is quite true that valuations have been higher for the majority of the period since the late 1990's, it is equally true ....More Gold Lost Its Glitter In a Hurry - Again.
Periodically through the bull market for gold that began in 2001, after gold has rallied significantly off an intermediate-term low the media belatedly picks up on what has happened and becomes very excited about gold and its prospects. That’s usua ....More The Economic Recovery Is Looking Stronger Every Week
The stimulus efforts were expensive for sure, and the cost, like the cost of two 7-year wars that were supposed to be three-month skirmishes, will be with us for years to come. But the stimulus efforts at least seem to be working even faster than exp ....More