User 236735

Merkel on Falkenstein's 'Finding Alpha: When Risk and Return Break Down'

Let's see ... David Merkel here, and Harry Markowitz and William Sharpe there ... real tough decision. Who the hell is David Merkel, some clown trying to make money out of hard times, and that's not new either. Come up with a proper economic refutation of modern portfolio theory, and I'll listen. This crap, no way!

4 Money Problems That Obama Can't Fix

The biggest problem with the American economy is the same one since the passage of the Federal Reserve Act in 1913 ... the Federal Reserve Board, a private for-profit membership entity with most foreign investors that rape the very foundation of our sound economy by pricing their "advice" at a costly 14,000+ mark-up on printing money. Kennedy had in right in 1963 when he introduced the United State Notes -- red seal and serial numbers -- in preference to our buying Federal Reserve Notes -- green seal and serial numbers. Add up the cost of our purchasing these notes in terms of mark-up and interest on the national debt, and you'd be surprised to see by how far our national debt falls, thereby increasing the strength of the dollar, inspiring international confidence, nor to much brigning back some old-fashinoned belief in ourselves. Other than for foregin rich people, why on earth should we pay someone else to print our own money? Get rid of the FRB -- and that masquerade of Congress appointing its Chairman --, and good things will follow, including housing, mate!

Don't Confuse the Stock with the Company, or the Market with the Economy

"I look at a chart on my wall" ... dear, I haven't been to "business school" for many a year, but I thought this kind of reasoning and thinking had been dispelled of decades ago, you know, with William Sharpe and Harry Markowitz and the Capital Asset Pricing Model. For a more colloquial account, see Pery Mehrling's "Fischer Black and the Reveolutionary Idea of Finance." The dear boy in Cork, Ireland is living in never-never land if he thinks he can on a consistent basis outperform the market rate of return. The marekt rate of return is contingent on the economy, so I am not sure what the hell is going on with the question or the answer in this aritcle. It sould like gibberish to me. These days I am not sure who are the greater quacks: those that say they can beat the market, or those that say they can predict it. Look, you follow the mandates of CAPM, hold a diversified portfolio that rids you of alpha-risk, and take the return the market gives you. All else is the thinking of "Professors" much like the one in "Back To School" looking for a place to locate his classroom factory to which Rodney Dangerfield shouts out: "How about Fantasyland?"

Obama's Economic Policy and Reagonomics

This article reads like something out of a grammar school textbook. How did those two nerds (who were looking for girls) put it in that crazy summer flick a number of years back? Oh yeah ... "It's all Preparation, and no H." As to the two Mussolini comments in front of this one, one calling someone who is as great an Oreo as you can find a "Marxist," and the other a ruiner of a great Nation, might I add some doctorly advice: "Next time, cut the Prozac in half!" Really, gentlemen ... you think the Democratic Party has enough backbone to actually nominate a Marxist? Or is that what you thought about Clinton too? Get real. Will end with Bridget Jones: "That sounds like something some Conservative twit would say."