farmer448

The Problem with Hedge Funds

Wall Street has to figure out its purpose. Is it going to be a giant casino or is it going to be in the capital formation business.

Same thing for commodities, is it supposed to minimize risk or be a crap shoot.

So I will start listening when Wall Street Leaders Step Up and do whats right.

On Being Rich

So here is my two cents. It really isn't about being rich or poor. It is about how are we going to pay for government. The last eight years the government has doubled the national debt from just under 5 trillion to 10 trillion. A good piece of this was lowering the taxes on upper incomes while not changing the spending in congress. So the money was spent the money folks. And the it is now time to pay the piper.

So when you are looking at who you are going to elect this fall, look to who wants to tackle the real problem of tacking a limited resource of Tax revenues and spending it on programs that work by investing in Americas future.

The last eight years have been all about ideaology. It is time to move to the practical. No one, party, has all the answers. What is the path for our country in the 22 century? It is time the voters, both the haves and the have nots be represented in Washington.

So what does being American mean to you?

Bracing for Another Round of Credit Related Woes

You want to look at a similar time, look at the runup to th 72 elections where the fed pumped the economy. Commodities were inflationary and stagflation was born as a term. I believe while studying the oracles bones that this will not be a short recession.

Looming Wave of Option Repricing?

I am confused, the employees failed to deliever, so why reprice the options. Let them expire. It is time management took a hit for some of the excess they are responsible for. If you cannot retain them than let them move on.

Why Core Inflation?

Of course it always helps when you jigger the numbers to make your supposed inflation outcomes look better.

The numbers are supposed to give policy makers the information they need about the economy to make good decisions.

So throwing out energy costs has had the effect of allowing imported energy to become to important to our economies success. In the microeconomic sense it is like being captured by your sole supplier of critical components

And golly gee fed folks how hard is it to track median home costs to median income. So what could it possibly mean that the median home costs move from 2.5/3 to more than 5 times median income. (especially when your talking credit/pricing/ inflation)

So get out of your models and your office, and walk around in the economy you are trying to manage

When Op-Ed Pages Turn Neutral

J.H. Hubert does not understand that we all are our brothers keepers. Just because and individual is not a lawyer or a financial wizard does not mean a credit card company should set them up as a straw dog.

Personally when the states usury laws were by-passed I was upset. The states had learned the hard way about the effect of good times then bad times on their citizens.

Then when the banks had the personal bankruptcy laws changed I realized we a government of the Corporation by the Corporation and for the Corporation.

Will the banks really look at their customers as partners. I doubt it as they work only in the numbers game and finding a local banker is now like pulling teeth.

So it is time to reset the rules of the game of personal credit to even up the relationship between the voter and the banks.

Washington Needs to Trim the Fat, Not Tax More

Please leave the political tax arguments to the Political Blogs.

Weekly Street Sentiment: The Fed Never Got Gramm’s Memo

So according to Aggie Phil Gramm the matrix is real and we are all in suspended animation.. Whoopee

Judge Protects YouTube’s Source Code, Throws Users To The Wolves

So when will the judge be required to take a drug test?

Speculating on Oil Regulation - Not the Most Effective Tool

So lets eliminate the Enron Rule, Up margin by 10% a month and see what happens to Energy Prices.

Corning markets happen. Enron in California Energy markets and the Hunt Brothers in Silver. Cut out the Monopoly and prices dive and stay down.

For Hedge Fund Compensation, “Social Usefulness” Is a Red-Herring

So have we decided the issue of how many angels can dance on the head of a pin. The argument here is cash versus stock compensation. Gates made his money on his stock, hedge fund managers get paid in cash.

PPI: the Numbers behind the Numbers

Please wake up. Core versus full PPI is meaningless. Fuel has been volatile in only one direction, up.

Why Today Is Different From the Inflationary 1970s

To me the real question is will paying for the war on the credit card and running of the dollar printing presses take us down the same route of Nixon in 1972/1973. It is truely sad that the political and business leadership of this country are gaming the system instead of making it work better for all Americans.

Restricting So-Called Speculation Is a Fool's Game

I don't understand why margins shouldn't be changed. Greenspan failed to do this in the stock market and we got the dot com crash later. So when things get frothy, a hedger/speculator/what... better factor the risk of a margin increase into their position. You give the regulators the tools they should use them.

Bankruptcy Reform Act Finally Blows Sky High

THe banks forgot two impotant principles:
1. TINSTAFEL, first law of economics, there ain't no such thing as a free lunch.

2. What goes around comes around. Trust is a very strong commodity. So when you make your customer part of a hugh sting on the bond market, don't be surprised when your customer acts like you and declares bankruptcy.