- A financial adviser who ripped off her lone client, an NFL linebacker, gets sacked with six months in prison and a $2.2 million penalty. "Sophisticated criminal fraudster"
- Meanwhile, in Cincinnati, a fake hedge fund manager pleads guilty to operating a Ponzi scheme. $100 million mail and wire fraud case
- Today's big question: Will the Fed announce the start of tapering? Most see QE continuing unchanged
- There is a 98% chance of a stock market crash next year, if you believe in “Doomsday polls.” Reality will set in
- Money managers turn to the weakened yen to fund Asian bets in an end run around rising rates. Yen is down 16% versus the Dollar this year
- Rich New Yorkers have their cake and eat it too by setting up tax-dodging trusts in other states. Tax avoidance costs the state $150 million a year
- Mortgage applications have fallen to a multi-year low. Rising rates put the brakes on housing market growth
- The Census department helps you measure your income against your neighbors'. Keeping up with the Joneses
- Ten ways Congress is wasting taxpayer money. $5 million for customized crystal stemware
Investment Insights: The Blogblog
Jeff Benjamin breaks down the game for advisers and clients.
Adviser gets sacked after ripping off her NFL linebacker client
Plus: The taper question, 98% chance of a market crash next year, the yen-dollar trade, New Yorkers dodge taxes, and Congress wastes your money
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February 27, 2014