NEW YORK - Wall Street is roundly rejecting news out of General Mills (GIS) indicating that it will roll out “Tiny Toast,” its first new cereal product in 15 years, later this month. The cereal bowl shockwave could have destabilizing effects throughout the global breakfast economy.

Every now and then Hollywood makes a difference that’s bigger than Leo before and after his Oscar. Apparently, the plot and popularity of the The Big Short—the critically-acclaimed Adam-McKay directed adaptation of Michael Lewis’s book—rattled some analysts at Morgan Stanley.

Paul Ryan—the lovable Republican, who cares in theory about poverty. Right? My friends, I’m afraid that the only thing Paul Ryan demonstrably cares about is breathtaking levels of pro-Wall Street doublespeak.

Predictions about financial markets are, almost without exception, notoriously wrong and worthless. With that caveat: we have our first respectable major DOOM prediction of 2016!

The people having the most success destroying the Wall Street elite these days are not bomb-throwing anarchists. They are buttoned-up investment types who are just less greedy.

The near-collapse of the global financial sector in 2008 was our periodic reminder that banks that are “too big to fail” are a threat to the public. Now, seven years later, some action is being taken.

In 2008, the global economy collapsed. But ever since bottoming out in 2009, we’ve been on a gangbusters recovery. Is it all going to come to an end soon? See for yourself.

After the biggest drop since the Great Recession on Monday, U.S. stocks today posted their biggest gain in four years, because the stock market is driven mainly by bullshit. http://gawker.com/is-the-stock-m…

After all of the boisterous noise about rejecting austerity, Greece has finally agreed to the outlines of a bailout to address its debt crisis: more austerity. Its future is grim(mer). At times like this, it is useful to ask which side has the morality, and which has only the hazards.

A new survey of Wall Street professionals finds that “Nearly one in five respondents feel financial service professionals must sometimes engage in unethical or illegal activity to be successful in the current financial environment.” Even worse, four in five respondents are liars.

We were flabbergasted as well as flummoxed to learn recently that New York City’s pension funds have paid billions of dollars in fees to Wall Street money managers over the past decade. Is there, perhaps, a better way for public officials to manage your retirement money?

New rules proposed this week would require the world's biggest banks to hold more capital, in an effort to (begin trying to) put an end to the "Too Big to Fail" dynamic. If this doesn't work we can always smash them.

The volume of gray matter in one region of your brain predicts how much tolerance you have for financial risk. Our economy will always be ruined by big-headed people.