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Rick Ackerman

Rick Ackerman Articles

This market may be frustrating and plenty difficult to trade, but it's easy enough to hate. The rallies look like hell, breadth has been shrieking "disaster!!!!" for months, and key bellwethers like Microsoft and Dell look like they've...
At no other time in history has the supposedly almighty dollar been easier to come by. Wall Street deals are bigger than ever, loans everywhere are cheap and mortgages plentiful. Leveraged dollar instruments traded around the world...
GENERAL COMMENTS: A decade ago most Russians would have regarded all KGB agents as thugs. Now it looks as though one of them, Prime Minister Vladimir Putin, hand-picked by Boris Yeltsin as his successor, is about to ascend to the...
Murphy's Law will be at full strength when the clock strikes midnight on Friday. For the guidance of investors and market-watchers, here are my predictions of the top U.S. news stories in 2000 as Millennial insanity threatens to lurch into...
Come January the biggest post-holiday markdowns in the retail sector may be on Wall Street, not Main Street. By then the analysts will know which of the nation's major store operators possess the shrewdness and nimbleness to compete with...
Time to dip into the mailbag, since it's been a year-and-a-half since Market Directions last fielded questions and comments from readers. I have paraphrased or combined a few of them, but there are others that I have left intact to retain...
As the world's central bankers make ready to shove gold off the cliff, their odds of getting away with murder have never appeared more remote. It is Moriarity versus Holmes, with the sovereign governments homicidally bent on silencing the...
The dismal science will never be the same if economist, Dr. Kurt Richebacher's dire predictions for the global economy should come to pass. The former chief economist and managing partner at Germany's Dresdner Bank says a deflationary...
IT HAS been almost a year to the day since the stock market went into a brief but steep decline, falling 20 percent in just six weeks and giving Wall Street its first whiff of real fear since the October 1987 crash. Amid signs that equity...
GENERAL COMMENTS: Monday's modest 70-point rally in the Dow was enough to tweak a bear's ugliest suspicions about the stock market's underlying health. As few observers outside of CNBC's perennial cattle drive could have failed to notice,...

In 1934 President Franklin Delano Roosevelt devalued the dollar by raising the price of gold to $35 per ounce.

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