John Crudele has been a financial columnist for the New York Post for the past two decades. Before that he was a columnist with New York Magazine, The New York Times, Reuters and various other publications. His columns have been syndicated around the country. He attended Syracuse University where he received his B.A. and he received his M.A. from New York University. He's appeared on TV and radio, and he teaches writing for the NYU School of Continuing and Professional Studies. Crudele gets his skepticism, nasty attitude and his wise mouth from growing up in Brooklyn. He believes that if you have money people will try to take it away from you, and tries to protect readers from that.
I am a little confused by all this budget talk coming out of Washington. OK, I'm a lot confused. So I'll assume some of my readers must also be bemused -- I mean confused. The US debt ceiling will be raised. You...
July 14, 2011 12:00 AMLeave cigarette smugglers alone. That's pretty much the message that went out last week from the New York State Department of Taxation to its investigators. A two-page e-mail from Peter Persampieri, head of...
July 12, 2011 12:00 AMDear John: Please help me with something. The weekly first-time jobless claims have averaged more than 400,000 for some time. This should equate to 1.6 million jobs lost per month, at least. If we are adding 50,000 to...
July 10, 2011 12:00 AMIf you are an American looking for work -- no, make that pleading to be allowed to earn a living -- you already know this: the job market is even worse than Washington is telling us. And Washington yesterday told us...
July 09, 2011 12:00 AMI can hear the snoring already. But if you can stay awake through a few exhausting minutes of statistics, you'll understand why the country is in the economic fix it's in, why Americans are too uncertain to go on...
July 07, 2011 12:00 AMI've decided not to run for president. I understand that you are disappointed. But over the July 4th weekend I consulted with my daughter's dog, Bailey, and we came to the conclusion that it would be ruff running...
July 05, 2011 12:00 AMDear John: I know that many times you have highlighted the dubious nature of jobs data. Would you mind sending me an archived article of yours that explains the birth-death model? The more detail the better -- the...
July 03, 2011 12:00 AMFinra seems to finally be getting it. Rick Ketchum, chairman of the Financial Industry Regulatory Authority, or Finra, told a group from the Insured Retirement Institute the other day that "as I go around the country...
June 30, 2011 12:00 AMJoseph Sciddurlo said he was fired recently as an investigator at Finra after he suggested that the financial regulatory agency start looking more carefully at the accounting of big Wall Street firms -- and especially...
June 28, 2011 12:00 AMDear John: Don't you think that Quantitative Easing 3 is going to be some sort of direct purchase of real estate? QE 1 and QE 2 were an attempt to give the banks time to heal from the bad loans. Neither really worked to...
June 26, 2011 12:00 AMIt's really only a symbolic gesture. But Washington's move yesterday to reduce the price of gasoline by pulling oil from its Strategic Petroleum Reserve is a gesture known to people around the world -- it's the...
June 24, 2011 12:00 AM
One is hapless and the other hopeless. This is a column about some words and their hidden meaning. Hapless Ben Bernanke is on an unlucky streak that he partly brought upon himself. Hopeless Joe Biden -- in case...
June 23, 2011 12:00 AMLet's all thank Saudi Arabia for trying to do what Washington should be doing -- but won't. The world's largest oil producer is attempting to get the price of gasoline down. But it's not getting very much cooperation...
June 21, 2011 1:47 AMDear John, I have a whole slew of friends and neighbors in my age-group, mid-50s, whose kids have menial, low-paying jobs. And the parents are absolutely drowning in college debt. And there is no end in sight. At...
June 19, 2011 12:00 AMLet's cut through all the nonsense and Wall Street doubletalk. The stock market didn't rise 1 percent on Tuesday because there was a sudden burst of optimism about the world economy. And the debt crises in Greece,...
June 16, 2011 12:00 AMThe other day I phoned Rep. Anthony Weiner's office. I had one question for the congressman: What was his position on raising the debt limit? They asked me to e-mail my inquiry to him. I did, but nobody answered....
June 14, 2011 12:00 AMDear John: I would like to give you my thoughts regarding a possible Machiavellian scheme by the Obama administration. You probably have thought of this already, but suppose the Labor Department has a sudden...
June 12, 2011 12:00 AMThe pendulum, as you know, always swings too far back in the other direction. During the financial crisis it was clear that investors got screwed because regulators just weren't watching the antics of Wall Street...
June 09, 2011 12:00 AMThe Federal Reserve is in trouble. And that means we are all in trouble. You've already had time to digest last Friday's employment report. The government said just 54,000 jobs were created during May, which was a...
June 07, 2011 12:00 AMDear John: I enjoyed a recent piece you wrote about people with savings accounts getting cheated by low interest rates. Just to further your point about savers getting screwed: my calculations say that there has been...
June 05, 2011 12:00 AMThe best thing that has happened to Goldman Sachs recently is that it got a subpoena from the Manhattan District Attorney's office. That may not sound like a good thing to you, but it may turn out to be for Goldman...
June 03, 2011 12:00 AMCall it capital punishment. The Securities and Exchange Commission will soon be giving what the financial advice industry is calling a "death penalty" to any firm that employs an adviser who gives more than a very...
June 02, 2011 12:00 AMWill Wall Street be wrong again on this Friday's employment report? You might have noticed that I'm enjoying the fact that the very highly-paid experts in the financial community can't figure out what's what with...
May 31, 2011 12:00 AMDear John: I have a question concerning your advocacy of allowing retirement funds to be tapped by individuals in order to buy real estate. My question is: What happens if this is miraculously accomplished and the...
May 29, 2011 12:00 AMSmall stock brokerage firms say regulators are trying to kill them. And they think the largest independent regulator of the securities industry -- the Financial Industry Regulatory Authority, or Finra, for short --...
May 26, 2011 12:00 AMThere's an old saying on Wall Street that goes: "Sell in May and go away." The meaning? Make your money in the stock market during the first four-plus months of the year and then take a very long vacation. The...
May 24, 2011 12:00 AMDear John: I share your skepticism about government jobs figures -- always have. But something else you recently wrote puzzled me. You say that because of the phony jobs figures, the Federal Reserve may prematurely...
May 22, 2011 12:00 AMPrepare yourself for a summertime inflation shock. An expert who helps put together the government's Consumer Price Index (CPI) says that the closely-watch inflation gauge could rise abnormally "after June." In...
May 19, 2011 12:00 AMSex and money -- the two are inseparable. But if the sex is not consensual and the money isn't in a billfold but instead could represent the salvation of the world financial system, then there's a big problem....
May 17, 2011 12:00 AMDear John: Why are extended benefits not being counted? Extended claims increased recently to nearly 4.4 million people. F.M. Dear F.M. The US Labor Department counts unemployment claims lots of different ways. But...
May 15, 2011 12:00 AM
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