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Steve B. Wise

Steve B. Wise
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  • This Chart Should Influence Your Future Asset Allocation [View article]
    Ummm wow dude... you need to learn to crop photos on your scanner.

    Your post didn't give a lot of meat to comment on otherwise, wish you had written a little more.
    Dec 30, 2009. 09:29 AM | 7 Likes Like |Link to Comment
  • They Still Think This Is A Banking Crisis [View article]
    The pendulum of the leveraged balance sheet swings both ways, with deleterious effects in either direction, made far far worse when policy execution is horribly off the mark.
    Sep 13, 2011. 02:58 PM | 5 Likes Like |Link to Comment
  • If You Thought August Was Bad, Just Wait Until September [View article]
    Failed institutions and failed policies of failed (or failing) politicians inhibits consumer confidence, and hence, growth.

    Aug 29, 2011. 12:29 PM | 5 Likes Like |Link to Comment
  • Bernanke: "Monetary policy cannot cure all economic ills," he argues, before saying the FOMC is convinced further policy accommodation is necessary to bring down the unemployment rate. "The Fed will purchase assets until the economy improves." [View news story]
    Honestly I feel it's Congress, and not Obama (or Romney) who hold the key to economic expansion.

    Sadly, they choose to sit on their thumbs and hope the guys on the other side of the aisle lose in November.
    Sep 13, 2012. 02:30 PM | 4 Likes Like |Link to Comment
  • Testy Tuesday: S&P 1,284 Would Be A Good Start [View article]
    Agreeing with you completely on Google's ability to help nitwits find each other and come to mutual collective stupidity. How else did Sarah Palin's candidacy come to be after all? Stupid money to be collected in the name of running a doomed from the start Presidential campaign... but money collected from the ma$$es nonetheless...
    Jun 5, 2012. 11:34 AM | 4 Likes Like |Link to Comment
  • The Federal Reserve Bank of New York is seeking bids for software to monitor what's being said about it on social media such as Facebook and Twitter. If the sensitive types at the Fed were monitoring reaction to the move, it would find commentary less than flattering - much of it of the Big Brother variety.  [View news story]
    I think they should monitor what is said about them, they should have an awareness as to how the market participants view their actions.
    Sep 28, 2011. 01:41 PM | 4 Likes Like |Link to Comment
  • Buoyant With Anticipation (Just Not Clear Of What) [View article]
    Future News By-line:
    Finland fretted when they discovered the title to the Greek collateral they hold says, "Brooklyn Bridge" on it. Similarly other Euro nations that jumped on the collateral band-wagon find similar dubious assets listed as collateral in their title documents. Greek officials blame issues at the ECB printing press as the source of the problem. Dow up 100 points."
    Sep 14, 2011. 03:34 PM | 4 Likes Like |Link to Comment
  • The U.S. is already in a recession, according to bond manager Jeffrey Gundlach, pointing to local governments slashing jobs, cutting hours for public resources and stalled projects. "There's going to be a big loss in Europe," he adds, breathing a sigh of relief that his firm has no exposure to Europe and is entirely denominated in dollars.  [View news story]
    It's all the same old "sales-side" BS.
    Sep 28, 2011. 03:39 PM | 3 Likes Like |Link to Comment
  • After seeing inflation-adjusted Treasury yields turn negative, Washington Post's Ezra Klein sees an investment opportunity of a lifetime. Why pass up better-than-free money, he asks? The government should "borrow now and put in place a firm plan to cut deficits later," and make driving the unemployment rate lower the nation's highest priority.  [View news story]
    Normally from a mathematical perspective I'd be all for it... problem is the a-holes spending the money will use it to buy themselves bjs from lobbyists to get campaign contributions.
    Aug 30, 2011. 10:07 AM | 3 Likes Like |Link to Comment
  • Stop the Stimulus, It's Hurting the Economy [View article]
    I think this explanation seems the most rational.
    Jun 28, 2011. 11:08 AM | 3 Likes Like |Link to Comment
  • Hate Greece? Buy the Euro [View article]
    if all currencies are basically "falling at the same rate" a la gravity... how do you tell which one is worst relative to the others?

    I'll give a hint... they're all the same.
    Apr 28, 2010. 09:47 PM | 3 Likes Like |Link to Comment
  • Debt Levels Do Matter [View article]
    We always talk about the growth as being a high rate, good for the economy, etc. but we all know that it was not real growth - the numbers were phantom based on a significant number of likely non-performing assets unfortunately.
    Feb 12, 2010. 11:36 AM | 3 Likes Like |Link to Comment
  • Expect More Bailouts in 2010 [View article]
    There will always be more money for bailouts so long as the bankers are "suffering" and the printing presses still have ink.

    My response? I go short term with nearly all of my investments. When I see a buy, I load up on options. When I see a short position, again, I use options.

    Being long anything in this market is pure fantasy if you ask me.
    Dec 30, 2009. 10:31 AM | 3 Likes Like |Link to Comment
  • Panic In China: Malinvestment, Deflation, And The Next Emerging Market Crisis [View article]
    Did you completely miss the lessons of the Asian financial crisis?
    Jun 24, 2013. 10:20 AM | 2 Likes Like |Link to Comment
  • Roubini: No QE3 Announcement At Jackson Hole, But QE3 Will Happen [View article]
    Some of the commenters here seem way out in left field.
    Aug 26, 2011. 11:52 AM | 2 Likes Like |Link to Comment