From Doom to Boom (and Back): Grantham Sees Stocks Soaring up to 30%, for Now
Stock market scold Jeremy Grantham expects the U.S. market to soar 20% to 30% in the next year or two—before the next mega-crash, at least.
Beware the Obama Stock Bubble
Presidential history reveals an ominous financial pattern.
Former Miami Fed Chief Dorothy Weaver Eyes a New Janet Yellen Era
Weaver says Janet Yellen will need to be a consensus builder if she is to succeed as Fed chief.
PIMCO’s Bill Gross: ‘If the Fed’s So Smart, Why Are Some of Us Still Poor?’
In his latest outlook, Gross quotes Alan Greenspan’s question—"How do we know when irrational exuberance has unduly escalated asset values?"—and answers with some questions of his own.
Wealth Managers: Tell Your Clients to Stop Being Afraid
Advisors who keep an eye on the curious and sometimes counterproductive behavior of investors can combat lackluster returns in their own clients’ portfolios.
Geithner Says ‘Absolutely’ When Asked About Eliminating Debt Ceiling
Debt ceiling used as a political tool, time to go, says treasury secretary.
Greenspan: ‘Markets Will Crater’ With Fiscal Cliff
Former Fed chairman says moderate recession is ‘cheap price’ of coming crisis.
Gary Shilling Slams Fed’s ‘Zeal for Yield’
Shilling sees “lots of potentially unsafe buildups.”
Greenspan to Wall Street: Drop Dead
At SIFMA’s annual meeting in New York, former Fed chairman advocates letting big banks fail.
MSSB Loses $600 Million Lerner Group to HighTower
This is the seventh new advisor team in 2012 to join the Chicago-based financial services firm run by CEO Elliot Weissbluth.