Robin Li, who founded China’s version of Google, is worth $12.3 billion
So much for scaling back. The world’s rich and elite — or those who just want to appear so — have been cracking open their wallets in a big way lately, and luxury automakers are the beneficiaries.
Online currencies like the Bitcoin are one day likely to alter government policy, just as the bond market did in the 1990s
Since the recession, the value of derivatives outstanding has grown, and they remain very risky with the potential for large, unpredictable losses.
A stronger dollar could be a bellwether of an improving economy and a brighter outlook for U.S. stocks.
Thanks to the Internet, it’s never been easier to become briefly famous. Posting an especially creative, embarrassing, funny, or otherwise highly “shareable” video or blog online will usually do the trick. But becoming rich and famous? That’s far more difficult.
A slow-growing economy with little inflation can actually be the best environment for blue-chip stocks.
The economy is likely to keep improving, but slow growth could develop into chronic stagnation.
Social Security may not add to the deficit, but it does add to the national debt. Fortunately, it’s easy to fix this.
Whatever the budget deal, it probably won’t be able to prevent sluggish growth and the risk of rising inflation.