Earlier this week, on 21 May, the Financial Times ran a short piece which opened thus: ‘There has been no official announcement. No terms or conditions have been disclosed. But Greece’s banking system is being propped up by an estimated €100bn or so of emergency liquidity provided by the country’s central bank – approved secretly […]

It might not feel that way to you, but we’ve just lived through one of the greatest bull markets in history. Almost exactly three years ago, the S&P 500 stood at 683, a decline of more than half from its highs of 2007. It wasn’t hard to understand that decline. Wall Street was bust. General […]

Last month, gasoline prices hit their highest ever level for February — an eye-watering $4.69 per gallon in Manhattan. Predictably, since this is an election year, politicians vie to cast the blame onto others. Barack Obama is most obviously in the firing line: he’s been president for three years. Why the heck hasn’t he fixed […]

Yeah, we know. Food’s expensive. Gas is expensive. You can’t even remember when you last had a wage rise. The job market is dire. But Planet Ponzi is all about taking positive action to help yourself, no matter what conditions are like. So here’s our formula for success – one pioneered by Nancy Pelosi, though […]