Daily Archives: December 5, 2011

Over the past 12 years as the credit-bubble induced secular bear has continued to grind through the stock market, the potion of choice for many wealthier investors has been to add hedge funds to their portfolio. CNBC likes to call … Continue reading →

Here is a helpful big picture view of the S&P 500 since 1997 when animal spirits and unfettered leverage went system-wide ramping into the tech bubble, the credit bubble and in the past three years, the moral hazard bubble. Source: … Continue reading →

More valuable journalism from CBS 60 Minutes, this time on the systemic failure to prosecute Wall Street. Two high-ranking financial whistleblowers say they tried to warn their superiors about defective and even fraudulent mortgages. So why haven’t the companies or … Continue reading →