"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •10 mins | 1,768.30 | -29.60 | -1.65% |
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Platinum •10 mins | 1,058.90 | +6.60 | +0.63% |
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WTI Crude •2 hours | 82.28 | +0.97 | +1.19% |
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Gasoline •2 hours | 2.486 | +0.051 | +2.11% |
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Ethanol •1 hour | 2.207 | +0.000 | +0.00% |
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Silver •10 mins | 23.35 | -0.13 | -0.55% |
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Silver • 10 mins | 23.35 | -0.13 | -0.55% | |
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Copper • 10 mins | 4.730 | +0.098 | +2.12% | |
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Brent Crude • 1 hour | 84.86 | +0.86 | +1.02% | |
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Natural Gas • 2 hours | 5.410 | -0.277 | -4.87% | |
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Heating Oil • 2 hours | 2.574 | +0.012 | +0.48% |
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.
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Home Values Built on Rotten Foundations
We have been gleaning facts "brick by brick" in order to write this story on the housing market and what it all means for Wall…
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Government Gifts & Monty Hall Paradox
Years ago there was a controversy with respect to a game show where the host offers you the opportunity to win what is behind one…
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Complacency and the Rain Dance for Money
One has to appreciate, in theory and in practice, Alan Greenspan's genius, at least in the Machiavellian sense, and how it has been used in…
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Money Created "Out of Thin Air"
We hope this brief essay stimulates your thoughts with respect to how money is created - a secret all investors should know. Money is created…
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Interest Rates Stay "Real Easy"
The Fed is raising interest rates but continues an easy Monetary Policy. How can this be? How can the nominal level of interest rate for…
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Using the Consumer Price Index to Rob Americans Blind
Most Americans have been led to believe that the Consumer Price Index (CPI) actually measures, from one year to the next, the "cost of maintaining…
