As the sun sets over this desert country, it bathes everything in a whiskey-colored tint. The still cranes perched on unfinished buildings look like ruins. But when the sun disappears and inky darkness fills the sky, Dubai’s cityscape lights up and takes on a magical quality.  Crowds fill its restaurants in ...read more

Most money managers have misdiagnosed what’s currently driving the global economy. The multiple that investors are willing to pay for next year’s earnings means more than any sentiment polling. The forward P/E multiple on the broad stock market is not nearly as high as it was during the Internet bubble, but ...read more

Don’t look now, but September is upon us. And so far, so good. Everything is progressing like clockwork. No humidity. No A/C. Absolutely beautiful. Something like the outer bands of Heaven. It’s also the time of year when the Jenkins family winds up plans for an October vacation. This year my ...read more

What am I missing? Why do the majority of folks blindly accept the shenanigans of the federal government? Why is it advisable to bail out the failures and penalize the productive? Isn’t there a moral hazard lurking somewhere in this mix? In a recent editorial, Peter Schiff reminded me of what ...read more

I'm a contrarian--and a rebel, and I am fed up with people telling me that the days of America's greatness are over and we're all going to have to settle for drab, uncertain, very low-end lives to repent sins of the past and so that the rest of the world ...read more

Simple question: how do you invest during an inflationary boom? Today, some concrete ideas. And the simplest idea of them all-when you consider soaring government deficits-is to sell government bonds and buy beaten down, world-class equity. Mind you, this is if you want to be in the equity market at all. ...read more

Fifty years from now, a generation of middle-school children will learn the ins and out of this economic disaster. They will learn about millions of arrogant, self-absorbed investors – both on Wall Street and Joe Schmos with e*Trade accounts – that lost their shirts by placing dumb bets on common ...read more

Looks like I started kicking myself too soon. A few weeks ago I explained why I’m going to have to spend the next few years as an indentured servant to the feds to pay the taxes and penalty on my 401(k) withdrawal…but if I hadn’t done it when I did, I ...read more

Your editor is as rueful as can be today, Shooters…absolutely full of rue… I’m like a former child star, tidying up the cell he shares with his prison boyfriend and wondering where it all went wrong... How many of you are wondering on this latest April 15 — as I am — ...read more

For the first time since the Enron debacle, Americans finally joined hands to hate something worthwhile. Instead of worrying about the Ten Commandments on a courthouse’s steps or a Super Bowl halftime show’s costume malfunction, we had a legitimate outcry from America’s poorest 95%. AIG was greedy and people got ...read more