Market Defies Fear of Real Estate Bubble in China A real estate bubble, fueled by bad loans and too much leverage, explains much of our stock market’s turmoil since 2008. So today’s article from The New York Times on the Chinese edition, caught my...
Hedge Funds Try ‘Career Trade’ Against Euro Here’s the deal. Hedge funds are betting the Euro will crash against major currencies. The “short-Euro” trade, however lucrative to the gods of Greenwich, raises three scary questions with one...
#4 WELL-TRUSTED FRIENDS OR “WTF” WTFs are laureled and tenured advisers. Through years of service, they cross a relationship Rubicon among their client base—from stockbrokers to personal friends. They’re widely labeled as “the best.” They’ve been around forever. They...
#5 NuSKINNERS As a general rule, multi-level marketers allocate more time to recruiting other salespeople than to mastering their products. The choice makes sense, because they get a scrape of everything their “down-line” recruits sell. NuSKINNERS are stockbrokers who...
The New York Times describes my novels as “money porn,” “a red-hot franchise,” and “glittery thrillers about fiscal malfeasance.” Through fiction I explore the dark side of money and the motivations of those who have it, want more, and will steamroll anybody who gets in their way.
The New York Times describes my novels as “money porn,” “a red-hot franchise,” and “glittery thrillers about fiscal malfeasance.” Through fiction I explore the dark side of money and the motivations of those who have it, want more, and will steamroll anybody who gets in their way.