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.
Gasoline prices are “sticky” on their way down. That might sound like some sort of quaint British phrase, but actually it means that you are being cheated at the gas pump. Let’s all say it together: So what else is...
August 16, 2011 12:00 AMDear John: I was a broker on the floor of the New York Stock Exchange for 27 years. And I was the guy who told you about the Tick Rule, and you ignored it. Now let me tell you about algorithms and speed trading. The...
August 14, 2011 12:00 AM
Stocks soar. Bonds sink. And anybody who tells you he knows why is a liar. Wall Street reversed direction -- again -- yesterday as stock prices nearly made up for Wednesday's huge loss with a 423-point gain in the...
August 12, 2011 12:00 AMJust imagine how nervous Wall Street would be if corporate profits didn't look like they were growing nicely. Stock prices got smashed again yesterday. The suspicious one-day rally on Tuesday failed to carry over...
August 11, 2011 12:00 AMWall Street loves to overanalyze the statements put out by the Federal Reserve after its Open Market Committee meetings. Today I'd like to psychoanalyze Fed Chairman Ben Bernanke and his little group of economic...
August 10, 2011 12:00 AMRelax, all Washington has to do is rig the stock market. Yes, you heard me right: rig the market -- as in, make sure it doesn't go any lower and scare the hell out of all the good, conscientious investors who once...
August 09, 2011 12:00 AMIt's funny, in a sadly ironic sort of way, that the politicians got what they wanted. Standard & Poor's is now doing its job. The credit watchdog late Friday night lowered the rating on U.S. government debt from...
August 07, 2011 12:00 AMDear John: I have really enjoyed your columns over the years and consider you one of the last few real investigative reporters out there. But regarding the total US assets, you might consider http://www.usdebtclock...
August 07, 2011 12:00 AMHere's the big gest problem for the Obama Administration right now: even good news has a bad side. Growth in the job market in July was slightly better than expected. But the 117,000 jobs created -- plus the slight...
August 06, 2011 12:00 AMWall Street is already walking a tightrope, and tomorrow's employment report won't have its usual safety net. Stock prices rose a tiny bit yesterday after eight straight days of losses. The market had been headed...
August 04, 2011 12:00 AMIt is certainly good news that Congress and the White House seem to have an agreement that'll allow the US to pay its bills beyond today. USA shouldn't stand for Unable to Spend Anymore. I'm assuming, of course,...
August 02, 2011 12:00 AMDear John: We have cleared forests so journalists could write about the national debt. Why don't we ever hear about the value of our national assets? What is the value of everything the government owns? How much are...
July 31, 2011 12:00 AMHere's a brain teaser for you: can something be a "limit" if there are limitless ways of getting around that limit? You've probably been spending these hot summer days glued to the TV following all the coverage of...
July 28, 2011 12:00 AMEveryone loves a cliff- hanger -- unless, of course, it's America's future and our national integrity that is teetering near the edge. Here's a quick rundown of what we know, or think we know, is going on in...
July 26, 2011 12:00 AMDear John: It's interesting how you feel that bad speculators have driven up the price of oil. What I never read about is the fact that somebody is selling when they buy. Who might that be? Probably a lot of specs on...
July 24, 2011 12:00 AMThe deliveryman for a Man hattan Chinese restaurant recently stole my credit card number, but in return he gave me wonderful insight into the world of financial fraud. What surprised me most was the fact that my...
July 21, 2011 12:00 AMWhat's the one thing that the US doesn't have? Come on, think! This country has an official anthem that we can sing and several unofficial ones that we can sing better. It has a powerful Army that it can deploy...
July 19, 2011 12:00 AMDear John: I just wanted to relay a quick thought I have every time you (or a reader) chide the stock market as a "casino," or any other gambling reference. As one of the hated, evil fat cats in the finance industry,...
July 17, 2011 12:00 AMI 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 AM
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