Warren Buffet Describes Markets as ‘Gambling Parlor’
The Berkshire Hathaway chief made the comment at an annual shareholders meeting in Omaha, Nebraska. According to the Wall Street Journal: “It’s a gambling parlor,” Mr. Buffett said Saturday of…
Nancy Pelosi – stock guru
Legislation that would ban members of Congress from trading stocks is still under consideration. While the politics of such bans are easy to understand – look! Congress is cleaning up…
Fed to review ethics policy in light of regional presidents’ million dollar trades
Federal Reserve Board chairman Jerome Powell is asking his staff to review the central bank’s ethics rules for employees, including regional bank presidents, governing trades they make in their personal…
Ethics-challenged Federal Reserve presidents pledge to sell their stock holdings
The power the U.S. Federal Reserve has over domestic and foreign capital markets is unquestionable. That power made the news that Federal Reserve bank residents were making big trades in…
Democratizing Markets Against the Backdrop of a Fed Gone Wild
The biggest news on Wall Street is the arrival of a decentralized activist group of traders stalking the short sellers and roiling the markets. Despite the hype, the flood of…
