Stocks and Government Interference

February 25, 2010

Interesting exchange on Tech Ticker with Peter Boockvar, an equity strategist at Miller Tabak.

The interesting part isn’t so much the debate about deflation or inflation – although that is a huge factor in where the markets head from here (I suspect deflation for longer than most anticipate) – but about how government intervention makes it [...]

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Rogoff Sees Sovereign Debt Defaults

February 24, 2010

A good article by Ken Rogoff, the author of This Time is Different, about the impending sovereign debt defaults.
Following banking crises, “we usually see a bunch of sovereign defaults, say in a few years,” Rogoff, a former chief economist at the International Monetary Fund, said at a forum in Tokyo yesterday. “I predict we will [...]

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Demonizing People in Debt

February 22, 2010

Here is a brief clip from Elizabeth Warren, who has been tasked to overlook the TARP bailout by the government, is talking about how those individuals who file bankruptcy are just like us. They work hard and spend rationally. It is just the debt piles up too fast.
Certainly, there are folks who end up in [...]

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Foreclosure for Plaxico

February 22, 2010

When I first read this story, I thought I could put together the typical article about how professional athletes must manage their money assuming their career is doomed to be short lived. This way they won’t face bankruptcy and foreclosure like so many before them. The professional athlete faces so many financial headwinds such as [...]

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The Pain in Spain

February 22, 2010

Thoughts from the Frontline Weekly Newsletter
The Pain in Spain
by John Mauldin
February 19, 2010
In this issue:
Germany, Greece, and Spain
Two Views on the Euro
The Pain in Spain
How Much Is Too Much?
Tampa, Austin, and California
Last week we talked about Greece. But the problems are more than just Greece. We look at two very different views of the euro, [...]

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Another Silly Vote Pander in Housing

February 19, 2010

Today, President Obama spoke in Las Vegas where he promised to allocate $1.5 billion to unemployed homeowners in Florida, California, Michigan, Arizona, and, of course, Nevada who owe more than the home is worth.
I know President Obama is an intelligent man. He was editor of the Harvard Review, usually given to a pretty sharp person. [...]

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Nobel Prize Winner Calls for Reform

February 19, 2010

An interesting segment at Tech Ticker with Joseph Stiglitz, the Nobel Prize Winning economist, where he calls for banking reform now…or face another crisis in the future.

Stiglitz is a Keynesian economist. He may be more Keynesian then Keynes himself, but I, along with most Austrian economists, agree with him. To date, nothing has been done [...]

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Will Fiduciary Oath Become Reality

February 16, 2010

An article in the New York Times discusses the recent Congressional debate over instituting a fiduciary standard in the brokerage/financial planning world. What is a fiduciary standard? Why should you care? People acting under the fiduciary standard must put the interest of the client, customer, or recipient first, above all others including their own. Usually, [...]

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There go the Keynesians Again

February 14, 2010

Interesting article from Paul Samuleson, a Nobel Prize winning economist, who is as big of a Keynesian as there is. He has some good points, but I don’t agree with his overall philosophy. Keynes is dead, and I wish his ideas were too. What gets me the most about Keynesians is they are so Democratic. [...]

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Mauldin’s Weekly Newsletter

February 13, 2010

Between Dire and Disastrous
February 12, 2010
By John Mauldin
A Path-Dependent World
Between Dire and Disastrous
A National Suicide Pact
It’s More than Just Greece
R.I.P., Walt Ratterman
The NBA, Snow, and No Power
The news is somewhat “All Greece, All the Time,” but most of the pieces miss the more critical elements, and in today’s letter we will look at what I [...]

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