Do Older Men Make Better Dads?

  A new parenting trend shows many men are becoming fathers later in life. The trend, parenting considerations, and the studies I shared on the TODAY show. “My father didn’t tell me how to live; he lived, and let me watch him do it.”  ~ Clarence Budington Kelland I sat down with Matt Lauer on the TODAY show and discussed a fascinating subject: “Do older men make better dads?” (Full disclosure: I readily admit to being a … [Read more...]

The Future of Forex

My Opinion Response to Yahoo's article  " Forex Outlook for June".   Generally, I think Forex is expected to be very volatile this year, because of drop of gold prices and slowdown of economy in China.   Economic slowdown in China is mostly due to substantial decline in exports in response to recession in Europe and US, inflated property prices and generally inflation in China is on a rise. Also, China unsuccessfully tried … [Read more...]

Graduates – Live a Little Without Stretching Yourself Thin

Brandon Foster Gray

by Brandon Foster-Gray This one is for the recent college graduates out there, or undergrads looking to graduate in the next year or two. This post involves a bit of math, but put away your calculator; I already did the work for you. Before we get started, I want to ask if you have seen the classic scene from The Cosby Show, where Dr. Huxtable uses Monopoly money to explain to Theo how the real world works. If you have not seen it, do check it … [Read more...]

Job Report Exceed’s But Job Chart Is The Scariest

 Last week's job report showed that the  U.S. economy added 175,000 jobs in May.  And the unemployment rate increased up to 7.6 per cent. The report exceeded expectations.   Bill McBride of Calculated Risk wrote that “This shows the depth of the recent employment recession — worse than any other post-war recession — and the relatively slow recovery due to the lingering effects of the housing bust and financial crisis,” I … [Read more...]

Foreign Currency Losses Were Telegraphed in Advance

Forex graphic #1

In a recent Wall Street Journal article by Alex Frangos, ““Top Banks Missed Call Y100 Level Soon,” it was reported that not a single analyst from 15 financial institutions expected the Japanese Yen to fall to 100 per US Dollar.  Across the board, investors in traditional safe haven assets such as gold and foreign currency were caught unprepared by the impact of Quantitative Easing III and other money creating efforts by the world's central … [Read more...]

Urgent: Senate To Vote on Student Loan Reform

Urgent: Send them a note right now asking them to support Senator Elizabeth Warren's bill to lower student loan interest rates.  Just a few weeks ago, I sat in my cap and gown with thousands of other graduating students. As our parents applauded, speaker after speaker told us, "You're going to change the world!" It was a nice change of pace -- every other day, I hear about how my generation is made up of "lazy, entitled narcissists" [1] who … [Read more...]

Jamie Dimon: Head or Tails

J.P. Morgan boss--Jamie Dimon

    Legends often die a slow, painful death on Wall Street with an inevitable collapse at the end.  That was the story for Lehman Brothers, Bear Stearns, and a host of others.  It is also a pattern that seems to be repeating itself with Jamie Dimon, the venerable Chairman and Chief Executive Officer of JP Morgan, considered by many to be the standard bearer for blue chip banking firms. Like so many others, however, JP Morgan … [Read more...]

U.S. Treasury Department Will Suspend Sales

USDeptOfTreasurySeal-2003Bill

By Anna Timone   “ The Treasury Department on Friday will suspend sales of state and local government Treasury securities until further notice, the first action to avoid hitting the U.S. debt ceiling. The debt ceiling is expected to be reached on May 18, but the Treasury had been expected to take steps like this one in order to keep paying bills. Treasury Secretary Jacob Lew said last week that the U.S. will be able to avoid the debt … [Read more...]

Your husband commits insider trading — Now what?

NYSE trading floor

  There could be a bull market for divorce lawyers from marriages falling apart due to financial fraud or insider trading by a husband or wife.  Most of the time the husband is the one committing fraud and the wife is either a victim or left with damages or even both. New York is now a no-fault state for divorce. The wife of a husband who has committed insider trading can move forward to end the marriage based on no fault … [Read more...]