market wizards

In the Wall Street Journal today, Ted Forstmann, of LBO giant Forstmann and Little fame, has warned that the credit crisis is far from over. Forstmann, who presciently called the bubble in High Yield ad LBO financing twenty years ago, is a…

Bill Gross, Pimco's founder and Chief Inestment Strategist is bold. In the past, he has argued for extreme measures to bailout subprime, questioned the CPI and said a lot more over the past few years. Now he's calling for a President Obama…

The Vancouver Sun is on a roll today. They have another post on ICBC that makes for interesting reading. Frankly, I don't know what to make of it. But it makes for a good read. Chinese bank has market cap twice that of JPMorgan First,…

Peter Schiff, the investor and author, is a controversial figure. He tells of an America that has lost its way through shedding manufacturing and its habit of saving money. His conclusion is that the U.S. is not a place where he wants his…

"Bloomberg on the Economy" recently spoke to Nouriel Roubini, the oft-quoted NYU finance professor. He believes the U.S. is now in recession and that a global slowdown is in the offing. There are several other countries in recession or…

The Fed has lost all credibility in the markets. On Wednesday, Ben Bernanke was unable to put his money where his mouth is. Earlier, he jawboned on inflation, trying to match the BoE and the ECB in rhetoric, but his actions speak louder…

In an interview with CNBC India, international investor Marc Faber says that gold is his commodity of choice right now. Marc Faber sees demand for commodities to come off in second half of 2008 in India and China. He will rather buy gold…

This comes from the AP via the Globe & Mail.U.S. is in recession, and getting worse: BuffettAlso, note that Buffett in this blurb suggests he buys into the peak oil supply and demand argument for oil prices.Related articlesPerceptions…

These are the picks of the day according to an article about what international investor Marc Faber is looking at. Despite the article's bullish call on commodities, I know that Faber is on the record as saying that oil is due for a…