quetzalcoatl

Is This a Recession? Wrong Question.

The only cure for our economic woes is to make the Bush tax cuts permanent. John McBush is my boy to do that.

Delusions of Debt

Moral and fiduciary corruption reign supreme. I think we can cure it all by passing the George W. Bush repeal of the inheritance (death) tax, and lowering capital gains taxes for only the wealthy.

Scarlett O'Hara, Doris Day and Financial Market Tumult

I'm an educated man and don't exactly know where this article went.

U.S. Markets: Is it Time to Throw Caution to the Wind?

Dear Kunst,
Shame on you. I saw that but let it slide.

U.S. Markets: Is it Time to Throw Caution to the Wind?

Dear Prieur,
Are you telling us the Maginot Line is once again impregnable?

Inflation vs. Interest Rates

Demand pull inflation is just a manifestation of an increase in the supply of money, or a decrease in the supply of goods relative to the amount of money available to purchase them. Wait a minute; these sound like the same thing.

Protecting Your Wealth and Profit During the 2008 Crash

Yes, fireball, people are being hurt. But they are not being hurt by short sellers or people buying SKF, they are being hurt by the banker's incompetence and greed. I feel sorry for the people who hold financial stocks, I have watched them decline for over a year and wondered what they were thinking, and why they were holding on. Most of all, I wondered why they weren't at the corporate offices kicking some executive ass.

Notes on a Schizophrenic Market Week

Bank stocks are not cheap. They are just lower in price than they were a year ago. The recent, dramatic drop in the price of oil is one of the primary reasons bank stocks are up as much as they are in the last few days. When it goes up again this prop will be removed.

Notes on a Schizophrenic Market Week

I suspect Ames Tiedman is correct. Wells Fargo and CitiGroup reported results that exceeded diminished expectations through deferring real losses to the next reporting period. Bank of America will do the same. Everything will look pretty good for financial stocks as they power up again on Monday; UYG will be the place to be. If I were not going to be on a plane all day Monday I would buy UYG and make a healthy profit. However, I will not buy it and leave it untended. In a few days SKF will reassert itself and begin to make a mockery of manipulated bank earnings.

10 Signs of a Recession

I have been wondering if strengthening the dollar might be a way to defuse the price of oil, which is, of course, draining the pockets of consumers. In addition to the price of gasoline there are increases in the price of other petroleum products required to produce a myriad of goods. Eventually the prices of everything are going to rise. Rising prices with increasing unemployment and stagnant wages are a portent for disaster. I am a liberal and progressive, but I can't see any good coming of an ever weakening dollar.