Have you enjoyed any juice from a beaver’s butt lately? If you’ve been drinking any fruit-flavored drinks, then the chances are that you have.
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number accepted.
- This Schwab Ad Epitomizes the Disingenuous Advice Industry: Buyer Beware (The Derivative Project) Another important article disclosing customer abuse that masquerades behind the FINRA protection racket. This time it is the dissection of a Charles Schwab IRA service that serves no other purpose than to skim money from client accounts. See recent GEI Opinion articles, review of Larry Doyle's book In Bed With Wall Street and Mark Mensack's Kangaroo Court expose.
Chart of the Week
Money is a commodity and intervention in the exchange of a commodity by governments can create gross swings in the market. This week the chart discussed shows how corporate profits have swung wildly in a way strongly correlated with the total of government and private savings.
Chart is discussed on the video after the Read more >> jump.