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Richard Benson

Richard Benson

Contributor since: 26 Feb 2010

Biography

Prior to founding the Specialty Finance Group in 1989, Mr. Benson acted as a trading desk economist for Chase Manhattan Bank in the early 1980's and started in the securitization business in 1983 at Bear Stearns, and helped build the early securitization businesses at Citibank and E.F. Hutton.

  • The Incredible Shrinking Postal Service

    Published 21 January 2013 | viewed 0 times

    When I went to the post office the other day it felt like a ghost town. There was only one person behind the desk and…

  • Einstein's General Theory of Investment

    Published 03 October 2012 | viewed 0 times

    "The most powerful force in the universe is compound interest" ~ Albert Einstein "Not any more..." ~ Ben Bernanke Einstein was a genius known for…

  • Social Security Benefits Could Be A Thing Of The Past

    Published 08 May 2012 | viewed 0 times

    In my youth, my father worked hard every day and looked forward to receiving his Social Security benefits when his time was due. When he…

  • The Government's New Plan for Retirees Includes Pink Slime, Horse Meat and Horse Hockey Investments

    Published 13 March 2012 | viewed 0 times

    Years ago we were more entertained by our government's actions because we were younger then and not threatened so much by their policy decisions. But…

  • No Bull Prize in Economics

    Published 08 November 2011 | viewed 0 times

    The crux of any economic theory starts off with the magic words "first assume that" and then using dazzling logic follows an irrefutable happy conclusion.…

  • The Fed Pays a King's Ransom to China

    Published 04 October 2011 | viewed 0 times

    America's economy is in shambles. Fiscal policy is totally gridlocked between Democrats who want to see some long term tax increases, and Republicans who only…

  • The Collapse of America's Labor Force

    Published 16 February 2011 | viewed 0 times

    America continues to face a true national tragedy as tens of millions of unemployed people have been literally discarded because of big business outsourcing to…

  • Obesity and Taxes

    Published 12 October 2010 | viewed 0 times

    If what I read recently is correct, the cost of medical care linked to obesity in America is approaching $150 billion a year. (At least…

  • An Inflationary Cocktail in the Making

    Published 30 September 2010 | viewed 0 times

    The interesting part of growing older, that my wife and I have noticed, is the appearance that time speeds up. As each month that passes…

  • Americans Are Getting A Lot Less But It's Costing Them More

    Published 26 July 2010 | viewed 0 times

    Inflation is defined as the rate at which the general level of prices for goods and services is rising, and, subsequently, the purchasing power is…

  • For the Baby Busters, It's Downsize or Die

    Published 28 June 2010 | viewed 0 times

    Living realistically is not something anyone wants to do in an election year, and it may be especially difficult for the Baby Boomer generation to…

  • Where's My Government Check

    Published 10 May 2010 | viewed 0 times

    My wife and I are getting a little older, so naturally we are beginning to think about where the cash flow will come from when…

  • A Trillion Here, A Trillion There....

    Published 08 April 2010 | viewed 1,340 times

    "A billion here, a billion there, and pretty soon you're talking real money". This phrase about government expenditures has become a classic but with great…

  • Twilight Zone Economy

    Published 08 November 2009 | viewed 3,979 times

    From 1959 to 1964, Rod Serling created and directed the ground-breaking series "The Twilight Zone" which will never be forgotten by anyone growing up in…

  • The Housing Tsunami's Second Wave

    Published 16 September 2009 | viewed 5,318 times

    Spokesmen for the Obama Administration and the Wall Street establishment refer to the slight up tic in lower-priced housing prices and existing home sales as…

  • Hard Times

    Published 09 July 2009 | viewed 3,471 times

    Our measure of how bad is it in this economy for a broad swath of Americans can be analyzed by asking three basic questions: Are…

  • Economy: In the Eye of a Hurricane

    Published 19 March 2009 | viewed 4,797 times

    The $20 trillion of wealth in America that has gone up in smoke from falling stock prices, real estate, and other asset values, is being…

  • Keynes, Upside Down

    Published 05 February 2009 | viewed 4,106 times

    Every time I pick up a copy of the prestigious financial press, I can't help but read articles pushing Keynes theories. Writers point or wag…

  • Uncle Sam May Grab Your gold if You're Not Careful

    Published 18 December 2008 | viewed 5,267 times

    I can't complain. My wife and I have plenty to eat and we own our home outright. With no debt and enough money to carry…

  • Trillion Dollar Treasury Deficits: Truth and Consequences

    Published 23 September 2008 | viewed 4,697 times

    One of my recent articles explained why the US Treasury deficit, without financial bailouts or government stimulus, was heading towards $600 billion a year. Another…