The global recovery is being led by countries outside of the United States, and investors should look to multinational corporations to protect themselves against the weakening dollar, said David Darst of Morgan Stanley Smith Barney. Read More
You may know that investors around the world are eager to hear from the Fed on Wednesday. But did you know many in Europe are quite irate with Mr. Bernanke. Read More
The Consumer Price Index, a measure of the average price level of a basket of consumer goods and services, was up 0.4% for the month of August, while the core CPI rate, excluding energy and food, rose 0.1%. On a year-over-year basis, consumer prices were down 1.4%. Read More
Gold reached its highs at $1,000 while the dollar has been sinking to its lowest level this year. So is inflation on the horizon, and if so, how can investors prepare their portfolios? Marc Pado, U.S. market strategist, Cantor Fitzgerald and James Shelton, CIO, Kanaly Trust shared their investment strategies. Read More
Last week the Congressional Budget Office released its revised estimates for the federal government budget over the next ten years. It should come as no surprise that the outlook has deteriorated even since the CBO's last report just five months ago. Read More
New York hedge fund manager John Paulson has replaced Warren Buffett as the nation's most influential investor, in the opinion of three of tonight's Fast Money traders. It's too early to know if Paulson really will be seen as the "Warren Buffett of our lifetime," as one of those traders boldly puts it, but his star is shining very brightly right now on Wall Street. Read More
Warren Buffett hasn't spoken out publicly today, but we assume he's happy with President Barack Obama's announcement this morning that Ben Bernanke will be nominated for a second term as Federal Reserve Chairman. Despite his concerns the government's efforts to revive the economy over the last year will probably lead to serious inflation down the road, Buffett has repeatedly endorsed Bernanke's performance at the Fed, calling him the best person for the job. Read More