Wall Street is running radio ads and handing out glossy brochures promising guaranteed returns, and the regulators are apparently just fine with all of it. I am not.
The new Fed Chair just admitted that decades of Federal Reserve policy did more damage to working Americans than almost any policy he could imagine. I have been saying this for years, and now they are finally catching up.
IBM craters twenty-five percent and the same smug analysts who called it a portfolio cornerstone are already on to the next trade like nothing happened. This is not a bug in financial television, it is the entire business model.
An SEC-registered firm called Advisors Crypto piled leverage onto cryptocurrency, called it conservative, targeted senior citizens, and wiped out millions. I am not surprised, and you should not be either.
The financial industry has spent decades selling you a concept called financial planning. I am going to tell you why that phrase is designed to benefit them, not you, and what real financial preparation actually looks like.
The mob figured it out decades ago, and Wall Street has been running the same playbook ever since. They find what you want most, they promise it to you, and then they take everything you have. After 26 years, I’m still watching it happen.
Nearly half of Buy Now, Pay Later users are already paying late, people are financing groceries with these things, and the financial media spent years cheerleading for the companies behind it. I told you so is not satisfaction. It is frustration.
Wall Street has turned the art of faking it into a business model. I have had enough, and you should have too.
The minute Lindsey Graham died, media producers were already dialing my number hoping I would come on and bury him. I have news for those producers and for every outrage-industrial-complex show doing the same thing right now.
Private equity has 13,500 unsold companies clogging its pipeline and a nine-year timeline to clear the mess. Meanwhile, investors are locked in and still getting charged fees on assets that cannot be sold.