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Happy Hump Day! I’m getting to the end of my sessions with one of the banks, so I’m more awake now than I’ve been for days. I was fondly remembering my time in Hong Kong and thought about one of my more misguided colleagues. A bright woman, she nevertheless couldn’t grasp the circumstances of her...
Jon Najarian is a legendary options trader, hall of famer, and TV celebrity. Many know him as a best-selling author and the host of CNBC’s Halftime Report.
Jon earned the nickname “DRJ” - Dr. J - from his time working on the hardknock Chicago trading floor of the 1980’s, where he competed against some of...View More By Jon Najarian
There is a lot of talk in the political sphere about what to do about the housing crisis. I have people walking up to me in the supermarket trying to get me to sign one petition or another about what to do to solve it. Personally, I think the solution is a bit more complex than what Bernie and Co. are talking about doing, and the research is on my side.
The tricks to successful stock investments are to match your investing goals with the right investment strategies - and no, your investment goal can’t be simply to make money. I personally never wanted to be a stock investor. I don’t even consider myself a real estate guy. I invest for one thing only: cash flow.
The Banking Act of 1933, known as the Glass-Steagall Act, was passed by the United States Congress with the purpose of separating investment banking from retail banking. The bill was designed “to provide for the safer and more effective use of the assets of banks, to regulate interbank control, to prevent the undue diversion of funds into speculative operations, and for other purposes.” No longer could retail banks who mostly took deposits, manage checking accounts, and made loans use depositors’ funds for risky investments. This Act restored a lot of faith back into the banking system after the 1929 crash. Then, our government decided to get rid of it. And the rickety house of cards our economy is built on came to be.
Democratic Representatives have launched their effort to have the Green New Deal become law. Their Republican counterparts hold a “Energy Innovation Summit” aimed at addressing climate change through technological innovation and natural solutions, like tree planting. Democrats are aware of the up hill battle it will take to get this bill passed.