Radio’s Financial ‘Experts’ With Advice You Shouldn’t Follow

You turn on the radio and hear the same host week after week offering financial advice, chatting and answering questions posed by guests, and everything seems legit and trustworthy. But this is no ordinary radio show. What many listeners don’t understand is that the host has paid the station for the time slot, and the show is an …

Is Goldman Sachs Doomed?

These are the last days of Goldman Sachs.

On Friday, the Wall Street Journal reported that Goldman is preparing to be hit with subpoenas soon from U.S. prosecutors looking into the firm’s mortgage operations. How big was the news? Not very. Dealbook, the New York Times blog about all things Wall Street, didn’t even cover it. And that …

How Crazy is LinkedIn’s IPO?

It is Wall Street’s job to throw money at new companies, a Wall Street economist explained to me during the dotcom boom of a decade ago, when the valuations of IPOs were being questioned. We can report today that the Street, despite the dotcom bust and the real estate bust and the financial meltdown, has not only retained its

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