29 March 2008 On the Road from Samaria When they manipulated the stock market, I remained silent; I was making money and felt superior to the crowd. When they silenced their critics, I remained silent; I was self-righteous and felt they got what they deserved. When they came for the blue collar workers, I did not speak out; I enjoyed my superior social status and the cheap consumer goods. When they came for my neighbor's possessions I remained silent; I was afraid and jealous and glad to see him brought down. When they grew richer and more powerful I accepted their lies in silence; I wanted to gain their favor and be one of them. When they came for me, and sent me to a camp as a useless eater I reaped what I had sown. On the Road from Samaria, Jesse
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Benign Brodwicz (pseudonym) lives in the United States . Visit his blog Animal Spirits Page (http://animalspiritspage.blogspot.com) Note: Seeking Alpha editors have contact information for all contributors to enable ongoing communication regarding articles published.
Dr. Howard Richman (mailto:email@example.com) is one of three generations of a family of economists. Howard co-authors the Trade and Taxes blog (http://www.idealtaxes.com/) and co-authored the 2008 book, Trading Away Our Future, published by Ideal Taxes Association (http://www.idealtaxes.com/). He is a frequent contributor to the American Thinker.
No training in finances or economics. No formal training on investments either, just 20+ years trying to preserve and grow my IRAs and 401(k)s. Keen observer of human nature (25 years in business), and good quantitative and research skills (doctorate in engineering). Just inhabiting the SeekingAlpha world to learn something new about investing from those who know (so my IRA does not completely disappear), and trying to add a few useful comments along the way.
Bob McTeer is a Distinguished Fellow at the National Center for Policy Analysis (NCPA), covering macro-economic issues, including monetary policy, fiscal policy, tax and education policy. NCPA is a nonprofit, nonpartisan market-oriented public policy institute headquartered in Dallas, Texas, with offices in Washington, D.C. See www.ncpa.org.
Prior to joining the NCPA in January 2007, Bob was Chancellor of the Texas A&M University System from November 4, 2004 through November 22, 2006. The Texas A&M University System is composed of 9 universities, 7 state agencies and a statewide health science center. The system has approximately 25,000 employees and budgets totaling $2.5 billion. Its universities have approximately 102,000 students, including about 45,000 at its flagship, Texas A&M University in College Station.
Before becoming Chancellor of the Texas A&M University System, Bob had a 36-year career with the Federal Reserve System, including 14 years as President of the Federal Reserve Bank of Dallas and member of the Federal Open Market Committee (FOMC). While at the Federal Reserve Bank of Richmond in the 1970s, Bob taught economics as an adjunct faculty member at the University of Richmond and Virginia Commonwealth University. While he ran the Richmond Fed’s Baltimore Branch in the 1980s, Bob taught two classes per semester in the evening program of The Johns Hopkins University.
Bob got his B.B.A. and Ph.D. in economics from the University of Georgia and taught there for two years before joining the Fed in 1968. His graduate education was financed by a National Defense Education Act (NDEA) fellowship. He holds an honorary doctorate in the Humane Letters from Austin College.
Bob serves on the Boards of Directors the Westwood Holdings Group, and Refocus Group. He is a former member of the Board of Overseers of UGA’s Terry College of Business, where he was named Distinguished Alumnus in 1991. He is past president of the Association of Private Enterprise Education, a national association of free enterprise scholars and others who advocate market solutions to public policy problems, and a former board member of the National Council on Economic Education. Bob was featured as a Texas Legend in Business in 2004 by the Texas Cable News Network.
As a Fed policymaker, Bob gained a national reputation as an independent voice, or maverick, dissenting from the Alan Greenspan majority twice in 1999 and once in 2002.
His dissents and his outspoken views and plain talk got him the labels “Lone Star Loner” and “The Lonesome Dove.” He says he’s been called worse.
Bob’s free-market views in general and his vigorous support of free-trade in particular, gave the Dallas Fed its reputation during his tenure as “The Free-Enterprise Fed.” Bob is a CNBC contributor. He has written numerous opinion pieces for the Wall Street Journal and other publications and has spoken worldwide.
Bob’s poetry and vignettes have been featured twice on the Dallas Community News Network. You may find these and other articles and speeches on www.BobMcTeer.com.
Tim Iacono is the founder of the investment website 'Iacono Research', a subscription service providing market commentary and investment advisory services specializing in natural resources.
He also writes a financial blog known as 'The Mess That Greenspan Made', a sometimes irreverent look at the many and varied after-effects of the Greenspan term at the Federal Reserve.
Use the links below to visit Tim's website/blog.
I started blogging some time ago, due to growing concerns about the world economy, and the UK economy in particular. My blog is informed by diverse experience working throughout the world. One of the major influences has been the time spent living and working in China, and the experience of exporting from China to the rest of Asia. I approach economic theory with considerable cynicism, and therefore 'pick and mix' from different schools of thought according to whether they seem to correspond to reality. I remain anonymous as I value my privacy, and my motive in writing on economics is simply to put an alternative view 'out there'.
I am a financial analyst for a private real estate investment firm. I maintain several professional licenses. I have a B.S in Political Science, and am in my first year of business school. I am happy to field questions via email at Carneades2009 "at" gmail.com.
I am 38 years old, married and have two daughters 3 and 5. I live upstate New York near Ithaca.
My aim is to be objective about the macro investment environment and to provide sound analysis on stocks.
I'm a fan of the following people to help give a perspective of my biases I may hold with regards to investment and economics: Adam Smith, Milton Friedman, Charles Schwab (Steel Tycoon), Martin Armstrong, Peter Bernstein (Author), Henry Ford, Ayn Rand, to name a few.
Retired, 48, been making my own financial decision since I was 17.
Every day, for the rest of my life, I will be a recovering Merrill Lynch customer.
Proudest Financial Moments:
Personal Best return on equity: 20/1, Leap Puts on Citi & GE, closed in late 2008
Personal best adjusted for time: Shorted FNMA Preferred S in late August 08 - closed position 13 days later. 75% return - in NINE business days.
(I'll never manage THAT again, not even close - not if I live to be a thousand . . . )
Managed a modest positive savings rate in '08 (2%), despite being retired & making all my living from investments, in a year when most investments got slaughtered.
Wonder if I can do that again . . . ?
After graduating high school I got a job at a large manufacturing plant. While working there I entered into electronics school. Upon passing that I worked there a few more years and the plant was moved to mexico. I then worked at an auto parts store for about a year and later took a job working for a military contractor. I worked for them 10 years then retired. Of course I play golf, used to play tennis, work on my cars and motorcycles and enjoy an occasional flea market. I do a little dabbling in the stock market but haven't completely figured it out yet.
I worked my way through school (as a cook, retail clerk, factory worker, computer support technician, waiter, counselor, corrections officer, and campus police) and earned economics & accounting degrees, plus some "certified nerd" credentials. (I was possibly the only accountant in history who was ever on a CERT/tactical team.) Became a fiscal analyst and college bursar; managed cash, card processing, receivables, and collections.... . . . . Semi-retired young and became a landlord... . . .
Governments are in a race to devalue their currencies. A defense is to own the tangible things that people in any country must have: natural resources & real estate.
Lawyer who focuses on bankruptcy-related litigation, family law and immigration matters. Interested in interaction between public policy and economics. Influenced by Ayn Rand and Milton Friedman, among others, he identifies himself politically as a Libertarian. He trades stocks and ETFs frequently using various hedging strategies to control downside risk. Michael is active in volunteer projects in the areas of human rights and immigration and adult education.
Mr. Delfeld has held positions as ETF Specialist with Union Bank of Switzerland, U.S. Representative to the Asian Development Bank, a Forbes Asia Columnist, stockbroker in Tokyo, Hong Kong & Sydney, and U.S. Treasury consultant.
He is a graduate of Fletcher School of Law & Diplomacy and a Fellow at Keio and Sophia University, Tokyo.
Mr. Denninger is the former CEO of MCSNet, a regional Chicago area networking and Internet company that operated from 1987 to 1998. MCSNet was proud to offer several "firsts" in the Internet Service space, including integral customer-specified spam filtering for all customers and the first virtual web server available to the general public. Mr. Denninger's other accomplishments include the design and construction of regional and national IP-based networks and development of electronic conferencing software reaching back to the 1980s.
He has been a full-time trader since 1998, author of The Market Ticker (http://market-ticker.org), a daily market commentary, and operator of TickerForum, an online trading community, both since 2007.
Mr. Denninger received the 2008 Reed Irvine Accuracy In Media Award for Grassroots Journalism for his coverage of the 2008 market meltdown.
In 2011 Wiley published his book "Leverage", detailing the causes of the 2008 financial collapse along with analysis and policy prescriptions for the future.
Peter Morici is a Professor of Business at the University of Maryland. Prior to joining the University, he served as Director of Economics at the U.S. International Trade Commission. He directed the agency's professional economists working on ITC investigations and provided international economic policy advice to the House Ways and Means and Senate Finance Committees, U.S. Trade Representative, Council of Economic Advisors, and other government agencies.
Dr. Morici received his Ph.D. in Economics from the State University of New York at Albany in 1974. From 1974 to 1976, he taught at Augsburg College in Minneapolis. In 1976, he joined the Federal Energy Administration, and in 1978, moved to the National Planning Association in Washington. At NPA, Dr. Morici served in positions of increasing research and managerial responsibility and was elected a Vice President in 1983. Dr. Morici joined the University of Maine as a Professor of Economics in 1988 and was Director of its Canadian-American Center from 1990 to 1993.
An acknowledged expert on international economics and agreements, macroeconomics, and industrial policy, he has advised many leading corporations and governments regarding trade and regulatory issues. He serves on the Reuters macroeconomic forecasting panel. His views are frequently featured on CNN, Reuters Financial Network, Bloomberg News, CNBC, ABC, Fox, National Public Radio and Broadcasting, and the BBC, and in columns on the opinion pages of newspapers and portals in the United States and abroad.
The Ford, Rockefeller, Sloan, Donner, and several other foundations have supported his work. He is the author of 18 books and monographs. Among these are: Reconciling Trade and the Environment in the World Trade Organization; Labor Standards in the Global Trading System; Antitrust in the Global Trading System: Reconciling U.S., Japanese and EU Approaches; Setting U.S. Goals for WTO Negotiations ; The Trade Deficit: Where Does It Come from and What Does It Do; Free Trade in the Americas: An Architecture for Hemispheric Integration; Trade Talks with Mexico: A Time for Realism; Making Free Trade Work: The Canada-U.S. Agreement; and Reassessing American Competitiveness. He has published widely in leading public policy and business journals such as Foreign Policy, International Economy, Regulation, Asian Wall Street Journal, and the Harvard Business Review.
John Cordes is a contributor to Seeking Alpha. We hope to have a bio for this author soon.
Note: Seeking Alpha editors have contact information for all contributors to enable ongoing communication regarding articles published.
A serial social entrepreneur passionate about disruptive technologies, with a decade of experience in Homeland Security technology solutions. Jen invested in and helped build a designated Dept. of Homeland Security Anti-Terrorism Technology company, co-founded by the U.S. DOE and funded by DNDO (Domestic Nuclear Detection Office) to develop and deploy technologies to protect global infrastructure from chemical, biological, radiological and nuclear attack. The company's award winning sensor technology was built to protect seaports, borders and critical infrastructure. One of her current companies is building next-generation, high-capacity, environmentally friendly batteries. She was also a former advisory board member of an innovative biotechnology firm that won the prestigious Frost & Sullivan award for best pancreatic cancer diagnosis and treatment company- today, Precision Biologics.
Jen is passionate about macroeconomics, securing our grid and global trends. In early '07 speeches and as editor of the Contrarian Consensus she was one of the first voices to warn of a coming crash of 1929 proportions and to forecast gold's rise above $1,000. She is a part of several think tanks including: The Task Force on National and Homeland Security, The Aspen Institute, TED, The National Committee on American Foreign Policy, Renaissance Weekend, Summit Series and is on the Steering Committee of the Secure The Grid Coalition.
Her first entrepreneurial endeavor was in her early twenties when she quickly rose to be one of the youngest top fashion designers in North America. Winning numerous awards and industry recognition including: The Young Woman of Achievement Award and The Clairol Fashion Award for Young Talent. Her bestselling motivational guide for young women, published by Penguin Putnam in 2000, sold in 20 countries and is available in 7 languages. She was a frequent commentator on over 100 radio and TV shows including; ABC, CBS, CTV, FOX, CNBC, MSNBC, Good Day New York, New York One, Report on Business TV.
She was the co-founder and co-chairman of the Metropolitan Foundation Gala in New York City for over 13 years raising money for breast cancer and the environment. She was awarded the Manhattan Award honoring individuals who have made a special contribution to the city’s spirit, excellence, and compassion. In her teens she competed on the European Pro Freestyle skiing circuit, winning the Italian championships and placing 2nd in the Swiss championships.
MT Newswires (aka MidnightTrader, http://www.mtnewswires.com/) is a single-source provider of real time pre-market, regular session and after hours US and Canadian market news and trading ideas through its popular real time Live Briefs stock news service.timely trading ideas coupled with complete coverage of corporate news, ETFs, sector developments and breaking economic news. Fast, reliable, unbiased and accurate.
MT Newswires is available via iPad and desktop streaming apps.
Michael J. Clark was born and raised in Sinclair, Wyoming. He is a poet, novelist, artist, historian, and market analyst.
He began investing in 1985. He read ˜The Technical Analysis of Stock Trends" by Edwards and Magee and was hooked. From 1985-1987 he made astonishing gains in the stock market; and then stocks collapsed in 1987. Since then he has been attempting to 'solve the stock market', with many failures and some successes. The system he developed, called CGTS, Clark's Gate Timining System, is algorithm-based. What this fancy word means is that he proposes a series of necessary steps based on technical analysis propositions, which, when met, trigger trading signals. His four main trading systems are up a combined 31% for 2015.
From his website:
Now that QE is supposedly ending, markets are already becoming more tradable, with opportunities to make money on both long and short trades at the same time. QE tended to make all boats rise, except precious metals. This made it more difficult to play the short side of the markets. Now, both sides seem to be more accessible to successful trades. This will also be more of a challenge for investors. The FED will have to eventually abandon the markets to their own destinies, and stop spending trillions to protect investors AND corporations from their mistakes. As this begins to happen (I am not sure it has happened yet), informed advice will become even more necessary for investors.
Rules of Investment
Rule #1: Never go against the trend. The majority is often wrong; but the minority is often wrong also. The sticky issue with this advice is at transition points, at which a Bull Market turns into a Bear Market or vice-versa. Big Money often anticipates and/or causes this transition. So pay attention to what Big Money is really doing, not what they say they are doing.
Rule #2: You don’t need a broker who makes his living off of your money. Most brokerage firms buy a position in a stock quietly and slowly. When the stock has appreciated significantly they add the stock to their buy recommendations. Then they begin selling their position while they are encouraging their clients to buy the stock. Most firms never issue sell recommendations. If they do, beware: they are probably trying to buy your stock after a huge sell-off.
Rule #3: Watch your own emotions because they are often signaling something. When fear turns to greed and visions of unlimited wealth, we are probably near a top in a trade and we should get ready to sell. When hope and denial turn to fear and visions of an unlimited loss, we are probably approaching a bottom in a trade. (See Rule #1 however.)
Rule #4: Trade with a system to complement your gut reactions. Follow the system no matter what, even if it means taking a loss. Don’t get lazy with your money and sink into denial. Use a system to help you refrain from 'playing a hunch'.
Rule #5: HEDGE YOUR PORTFOLIO AGAINST LOSSES. How does one do this? By having a balanced portfolio of long and short positions. But have a system that signals both long and short positions, and keep your portfolio balanced around 50% long and 50% short. This may seem to contradict Rule #1. It does not. When something is in a long trend, something else is in a short trend. Find what is long and what is short. If stocks are long, gold or oil may be short. Use ETFs and options to help establish this portfolio balance. Our system gives trading signals every day for both long and short positions.
More information on CGTS is available at:
His fine arts portfolio can be found at the following address:
His writing portfolio can be found at:
Those interested in his book "Turn Out the Lights", a description of the metaphysical causes of the 2008 financial meltdown, can access the draft at:
Michael Clark has retired after working 30 years in academia, relocated to Hanoi, Vietnam for six years, and has returned to America in 2014.
Dr Pirrong is Professor of Finance, and Energy Markets Director for the Global Energy Management Institute at the Bauer College of Business of the University of Houston. He was previously Watson Family Professor of Commodity and Financial Risk Management at Oklahoma State University, and a faculty member at the University of Michigan, the University of Chicago, and Washington University. Professor Pirrong's research focuses on the organization of financial exchanges, derivatives clearing, competition between exchanges, commodity markets, derivatives market manipulation, the relation between market fundamentals and commodity price dynamics, and the implications of this relation for the pricing of commodity derivatives. He has published 30 articles in professional publications, is the author of three books, and has consulted widely, primarily on commodity and market manipulation-related issues. He holds a Ph.D. in business economics from the University of Chicago.
Jake Towne was an expatriate engineer working in the semiconductor industry from 2002-2009 and based in Shanghai China from 2005-2009. Finding the economic prosperity and civil liberties here in the United States to be under attack, he left China and ran for US Congress from 2009-2010 in eastern Pennsylvania. Towne raised $60,000 in funds and won over 15,000 votes, both among tops in the nation for independents and third parties. Following the race, Jake has been self-employed as an equity trader.