Rick Ackerman
Articles by Rick Ackerman
[Recently I wrote here that the world's biggest financial institutions are in Evergrande muck up to their eyeballs, even if they claim that their exposure is small in relation to their respective assets. The trouble is, the supposed assets...
There is increasing confusion in America about how to handle the rapid spread of Covid’s delta variant. The stock market can usually tell us how much fear is out there, but this time Wall Street seems, if not quite clueless, then certainly...
Flush with stimulus, the states are in a spending mood that can be summed up in a single word: TOGA!!!!! Take Oklahoma. Their latest budget reflects an annual increase of nearly 18%, according to report from the Associated...
If we'd known the pandemic would trigger the most reckless monetary blowout in history, could anyone have imagined that the U.S. dollar a year later would have fallen by just 14%? That doesn't even qualify as a bear market, just a middling...
Investors who feared muni-bond defaults when the pandemic first hit created unusual opportunity for those willing to buck the tide. One of the winners was Doug Behnfield, a Boulder-based financial adviser at Morgan Stanley whose ideas have...
With home prices pumped to record levels, we are hearing more and more about Uncle Sam's plan to avoid sticking it to taxpayers when the next crash hits. Although it's always wise to have a plan to deal with catastrophe, especially one...
We went out on a limb here last week with speculation that, just maybe, the bull market was topping. Alas, Friday ended with a short-covering orgy that bloodied bears and left the boldest of them festooned on the ropes. My hunch had been...
Headline writers hyperventilated last week over the prospect of higher capital gains taxes while the stock market took it in stride. Biden wants to double the levy on long-term investments to 39.6%, ending a felicitous run at 20% that was...
Bitcoin mania hit an air pocket on Sunday with a so-far $11,500 plunge from last week's record-high $64,858. Groping for an explanation, Bloomberg and other mainstream sources attributed the drop to speculation that the U.S. Treasury...
The inflation trade is struggling for loft, a potential victim of its own, wild popularity. "We don’t have strong reflation-trade momentum at the moment because people are waiting for more data," said Daniel Tenengauzer,...
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