Rick Ackerman

Rick Ackerman Articles

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,...
GENERAL COMMENTS: Although Black Box Forecasts has perhaps been too eager in the past to sound taps for this 17-year bull market, the newsletter has scored nothing but bullseyes in predicting what the Fed would do next. Are they going to...
I made an uncharacteristically bullish prediction here six weeks ago when I wrote that the Dow Industrials would tack on 2,000 points by mid-summer if Asia's economies began to lift from their long dirge. Remarkably, the blue chip average...
CHANNEL SURFING recently, I caught Louis Rukeyser delivering one of those metaphorical gibes (for which he is deservedly beloved) to the groin of his favored patsy, Gloomy Gus. Gus was already having a pretty rough week. A pretty rough...
Just as teenagers are going to find out about sex, adults are going to find out about day trading. Say this for the kids, at least they're using condoms. It's the thrill-seeking grownups we need to worry about. Many were once content to...
Where to now? Better ask your Ouija board, since no one can predict with any certainty whether Dow 10000 will be the bull market's last hurrah or merely a fuel stop on the way to the moon. Not that the pundits and gurus lack the...
Alan Greenspan wants us to believe he's got a boring job, but I'm not buying it. The Fed chairman was on Capitol Hill last week, waxing cautiously optimistic as ever while forecasting moderate growth in the U.S. economy. Millions were...
One of the smartest businessmen I know, a highly successful wine importer, has done well in the stock market over the last five years. He has doubled or tripled his stake in a few issues, and his portfolio overall has produced a higher...

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Nearly 40 percent of all gold ever mined was recovered from South African rocks.