"Fm...no static at all" is a commercial real estate workout consultant with over 25 years of experience in commercial bank special assets, OREO operations, regulatory compliance, P&L budget/forecasting, and asset management/disposition. http://www.linkedin.com/in/fmerritt
Wall Street Breakfast, Seeking Alpha's flagship daily business news summary, is a one-page summary that gives you a rapid overview of the day's key financial news. It's designed for easy readability on the site or by email (including on mobile devices), and is published before 7:00 AM ET every market day.
Wall Street Breakfast readership of over 900,000 includes many from the investment-banking and fund-management industries.
Sign up here to receive the Wall Street Breakfast in your inbox every business day: http://seekingalpha.com/account/email_preferences
David Stockman is the ultimate Washington insider turned iconoclast. He began his career in Washington as a young man and quickly rose through the ranks of the Republican Party to become the Director of the Office of Management and Budget under President Ronald Reagan. After leaving the White House, Stockman had a 20-year career on Wall Street.
At the podium, Stockman’s expertise and experience cannot be matched, and he has a reputation for zesty financial straight talk. Defying right- and left-wing boxes, his latest book catalogues both the corrupters and defenders of sound money, fiscal rectitude, and free markets. Stockman discusses the forces that have left the public sector teetering on the edge of political dysfunction and fiscal collapse and have caused America’s financial system to morph into an unstable, bubble-prone gambling arena that undermines capitalist prosperity and showers speculators with vast windfall gains.
Stockman’s career in Washington began in 1970, when he served as a special assistant to U.S. Representative, John Anderson of Illinois. From 1972 to 1975, he was executive director of the U.S. House of Representatives Republican Conference. Stockman was elected as a Michigan Congressman in 1976 and held the position until his resignation in January 1981.
He then became Director of the Office of Management and Budget under President Ronald Reagan, serving from 1981 until August 1985. Stockman was the youngest cabinet member in the 20th century. Although only in his early 30s, Stockman became well known to the public during this time concerning the role of the federal government in American society.
After resigning from his position as Director of the OMB, Stockman wrote a best-selling book, The Triumph of Politics: Why the Reagan Revolution Failed (1986). The book was Stockman’s frontline report of the miscalculations, manipulations, and political intrigues that led to the failure of the Reagan Revolution. A major publishing event and New York Times bestseller in its day, The Triumph of Politics is still startlingly relevant to the conduct of Washington politics today.
After leaving government, Stockman joined Wall Street investment bank Salomon Bros. He later became one of the original partners at New York-based private equity firm, The Blackstone Group. Stockman left Blackstone in 1999 to start his own private equity fund based in Greenwich, Connecticut.
In his newest New York Times best-seller, The Great Deformation: The Corruption of Capitalism in America (2013), Stockman lays out how the U.S. has devolved from a free market economy into one fatally deformed by Washington’s endless fiscal largesse, K-street lobbies and Fed sponsored bailouts and printing press money.
Stockman was born in Ft. Hood, Texas. He received his B.A. from Michigan State University and pursued graduate studies at Harvard Divinity School.
He lives in Greenwich, Connecticut, with his wife Jennifer Blei Stockman. They have two daughters, Rachel and Victoria.
Lawrence is the Managing Director of Fuller Asset Management. He has 20+ years of experience managing investment portfolios and serving the needs of individual clients. He began his career as a Financial Consultant in 1993 with Merrill Lynch. He worked for First Union Brokerage, Morgan Stanley and ING in the same capacity before realizing his long-term goal of complete independence. He graduated from the University of North Carolina at Chapel Hill with a B.A. in Political Science in 1992.
Tom Feeney began his work in the investment industry in 1969. Clients have included cities, states and major corporations, as well as numerous religious, charitable and other not-for-profit organizations.
In his early career Tom served as Executive Director of Stewardship Services, Inc., Washington, D.C., and as a Senior Vice President of Atalanta/Sosnoff Capital Corporation, New York. He established Thomas J. Feeney & Co., a financial consultant to tax-exempt organizations, in 1978. Feeney & Co. initiated investment management services in late 1985, and Marathon Asset Management Co., Mission’s predecessor, was incorporated in early 1987 to separate those investment management services from Feeney & Co.’s consulting work. Tom served as Marathon’s Chief Investment Officer since the firm’s inception. In 1997 Tom assumed the roles of Managing Director and Chief Investment Officer of Mission Management & Trust Co., located in Tucson, Arizona.
Prior to his investment career, Tom served on the faculties of the University of Santa Clara, St. Joseph’s College and Guadalupe College, all in California. In more recent years, he has lectured on investments at the University of Notre Dame and Georgetown University. His own academic background includes a B.A. in economics from Boston College, an M.B.A. from the University of Santa Clara, studies at the Stanford Law School and additional post-graduate work at the University of San Francisco.
Over the years Tom has been interviewed on CNBC and frequently on local business TV shows. Similarly he has been interviewed and written about by such national publications as The Wall Street Journal, Barron’s and Investor's Business Daily as well as local papers throughout the country.
Away from his desk, Tom enjoys his all too infrequent time on the golf course. In earlier years he ran two dozen marathons or ultra-marathons including the Boston Marathon and the New York City Marathon three times each. The highlight of his competitive career was winning a relatively small field marathon in Carpinteria, California.
I am the founder and director of three companies: Euro Pacific Capital (www.europac.net), a full service, registered broker-dealer and RIA which specializes in foreign securities; Euro Pacific Precious Metals (www.europacmetals.com), a gold & silver coin and bullion dealer; and Euro Pacific Asset Management (www.europacificfunds.com), a fund management company that is building a family of mutual funds based on my economic philosophy.
I am most well-known for accurately and publicly predicting the collapse of the housing and credit markets, the subprime crisis, and the increasing price of gold relative to the US dollar, resulting in the viral YouTube video "Peter Schiff Was Right."
I fly around the country and the world speaking to diverse groups, from academic conferences to Tea Party rallies. I have also appeared regularly on cable news stations since the mid-2000s trying to warn people of the impending economic collapse brought on by destructive fiscal and economic policy in Washington.
To that end, I published my first book, "Crash Proof: How to Profit from the Coming Economic Collapse," in early 2007, predicting the 2008 economic crisis while the mainstream commentators were saying it was impossible. Then, at the height of the crisis, I released "The Little Book of Bull Moves in Bear Markets," in which I showed readers how to help protect their finances in turbulent times. I've written updated versions of both Crash Proof and The Little Book since then, talking about how my predictions fared and why the worst of the crash is still ahead of us. I also wrote a book with my brother based on a popular comic book my dad wrote in the '70s. "How an Economy Grows and Why It Crashes" is an illustrated fable that starts with three guys on an island and uses allegory to explain exactly how we got into our current mess.
In the 2010 election season, I ran for the US Senate seat of retiring Senator Chris Dodd in my home state of Connecticut in order to bring attention to the mounting problems in this country. While I did not win the seat, my message of fiscal and monetary sanity was brought to a new audience of voters and political leaders.
I've had a regular video blog on YouTube since 2009, called The Schiff Report (www.youtube.com/user/SchiffReport) and, after giving up my long-running Wall Street Unspun podcast, I am now the host of a nightly radio show called The Peter Schiff Show (www.schiffradio.com).
Mr. Hui has been involved in the equity markets since 1980, both on the buy side and the sell side. He is a CFA Charterholder, and has presented numerous papers to quantitative discussion groups (Sample topics include: How Global are Resource Sectors).
I am the Chairman and Co-CEO of Veritas Financial Partners, a leading financial services firm providing senior secured loans to middle market businesses and comprehensive credit management services to banks and other financial institutions.
Prior to founding Veritas, I was the President of First Capital and the President and CEO of Siemens First Capital. Both companies were global commercial lenders.
I was also a Managing Director at Westwood Capital (where I was a founding partner). Westwood was an investment bank that specializes in meeting the needs of the financial services companies both in North America as well as Asia.
Before working at Westwood Capital, I held senior positions with Oppenheimer & Co., Inc. (where I worked in the Financial Institutions Group and the Fixed Income Capital Market Group and served as CFO for a NYSE listed closed-end mutual fund) and Prudential-Bache Securities, Inc. I am a lawyer and practiced law at Stroock & Stroock & Lavan and was also an accountant with Coopers & Lybrand.
I have been a regular guest commentator on FOX Business Network and have also regularly appeared on CNBC, Bloomberg TV, BNN and CNN as well as written for numerous publications and been widely quoted in the media. I also hosted my own weekly regionally syndicated radio show.
Econophile is Jeff Harding, a real estate investor and former lawyer in Santa Barbara, California. He is a principal of Montecito Analytics, LLC. He has many years of experience in business cycles, real estate investments, and finance. He also was financing director of a home builder. He was also an Adjunct Professor of Real Estate Investment at Santa Barbara City College.
He writes The Daily Capitalist, a blog dealing with economics, finance, and investment risk. He is a frequent contributor to Zero Hedge, Minyanville, and his articles are republished or linked to on many other blogs, such as the Huffington Post, Real Clear Politics, Real Clear Economics, Wall Street Journal, Mises Institute, Lew Rockwell, and many others.
The Daily Capitalist blog takes a fresh, unconventional look at current economics. In light of the poor track record of most economists before and during our economic crisis, it's time to think about different approaches explaining economic activity. The blog is also an advocate of new methods of evaluating investment risk in light of this most recent blow-up.
The Daily Capitalist does not give investment or market advice and doesn't sell or promote any investment products.
Jeff Harding is a graduate of the University of California, Santa Barbara, and U.C., Hastings College of the Law. He is a longtime student of economics.
He may be reached at: email@example.com
I am a financial writer, publisher, and New York Times bestselling-author. Each week, nearly a million readers around the world receive my Thoughts From the Frontline free investment newsletter. My most recent book is Code Red: How to Protect Your Savings from the Coming Crisis. I appear regularly on CNBC and Bloomberg TV. I’m also Chairman of Mauldin Economics, a research group that provides monthly analysis and recommendations to thousands of readers around the world. I was previously CEO of the American Bureau of Economic Research. Today I am President of the investment advisory firm Millennium Wave Advisors, LLC. I am also president and registered principal of Millennium Wave Securities, LLC a FINRA and SIPC registered broker dealer. When I’m not traveling to speak at conferences and events, I live in Dallas, TX. I’m also the proud father of seven children.
Michael Ashton has been a recognized leader in developing the U.S. inflation derivatives market. He traded the first interbank U.S. CPI swaps in 2003 and, as a dealer, was a primary liquidity-provider in that market for two large banks. He represented about one-third of interbank swaps volume during his tenures at those firms. He invented and was the sole market-maker for the CME CPI Futures contract. He has written and spoken extensively about the use of inflation-indexed products for hedging real exposures, and has written more broadly in a commentary format about the rates markets and macroeconomy. Mr. Ashton is currently the managing principal at Enduring Investments LLC. His comments on this site and others are not posted in that role, and no opinions of his should be construed to be recommendations of or to reflect the views of his employer. He recently published "What's Wrong With Money? The Biggest Bubble of All."
Brad Case, Ph.D., CAIA is Vice President, Research & Industry Information for NAREIT, the National Association of Real Estate Investment Trusts (www.reit.com). Dr. Case has been researching commercial and residential real estate markets for more than 21 years and has published articles in top-quality academic journals as well as investment and industry publications such as Research magazine, Registered Rep, On Wall Street, Benefits & Compensation Digest, BNA Real Estate Law & Industry Report, and REIT: Real Estate Investment Today. Prior to joining NAREIT he served as an economist on the staff of the Federal Reserve Board in Washington, where he developed proposals to strengthen regulation of mortgage lending and credit risk.
Dr. Case earned degrees from Williams College, the University of California at Berkeley, and Yale University, where he worked with Bob Shiller. He has completed Levels 1 and 2 of the Chartered Financial Analyst (CFA) examination process and is registered for Level 3 in June 2011.
Mr. Roche is the founder of Orcam Financial Group, LLC, a low fee financial services firm based in San Diego, CA as well as the founder of the popular financial website Pragmatic Capitalism (some articles from Pragmatic Capitalism get syndicated on Seeking Alpha so please see the full site if you don't want to miss articles by Mr. Roche).
Orcam Financial Group, LLC (www.orcamgroup.com) is a low fee financial services firm offering asset management, personal advisory, consulting and educational services. Pragmatic Capitalism (http://pragcap.com) was founded by Cullen Roche in the midst of the financial crisis of 2008. Mr. Roche foresaw many of the events that led up to the crisis and felt that the government was slow to react and when it did finally react, responded with the wrong medicine.
Mr. Roche's primary areas of expertise include global macro portfolio construction, quantitative risk management, monetary economics and behavioral finance. Prior to establishing his own business, Mr. Roche worked at Merrill Lynch Global Wealth Management where he worked on a team overseeing $500MM+ in assets under management. Upon leaving Merrill Lynch, Mr. Roche managed a private investment partnership for 7 years generating substantial positive alpha (high risk adjusted returns) without a single negative year of returns. He has since transitioned back to retail asset management to better serve the much needed low fee retail space with sophisticated but simple asset management and financial planning services.
Mr. Roche is also a prolific writer. In addition to the daily musings on his website, he is the author of the popular book “Pragmatic Capitalism: What Every Investor Needs to Know About Money and Finance” as well as “Understanding the Modern Monetary System”, one of the top 10 all-time most downloaded research papers on the SSRN academic research network. He was named one of the “Top Wall Street Economists, Experts and Opinion Leaders” of 2011 by Wall Street Economists and was named one of the “101 Best Finance People” by Business Insider where he was described as “one of the most influential economic thinkers today.” In 2015 Mr. Roche was named one of the “40 Under 40” most influential people in finance by InvestmentNews. He is regularly cited in the Wall Street Journal, on CNBC and in the Financial Times.
Mr. Roche is a Georgetown University alumnus, growing up in the DC area and now living in Southern California with his wife Erica, troublesome collie Cal and 4 irritable laying hens. In addition to being a financial dork Cullen is an avid outdoorsman, mediocre gardener, proficient complex carbohydrate consumer (i.e., loves brownies and cake) and finisher of one of the most difficult IRONMAN races at Cabo in 2015.
I am a market obsessed investor that spends countless hours researching the economy. As a son of a credit trader, I tend to be highly skeptical of the stock market and its obsession with bubbles. My main focus is on the macro economic side of the financial markets. You may also see me talk about a trade or two as well.
I try to provide a strong financial resource for all types of investors using my research and a few contacts that I have on the street. I tend to be highly opinionated at times so let me apologize in advance if one of my rants offends someone!
See Seeking Alpha's policy on anonymous authors: http://seekingalpha.com/article/69847-seeking-alpha-policy-on-anonymous-authorship
“Sold At TheTop” is the snarky pseudonym for the organic blogger that maintains the reasonably popular and, dare I say, possibly even slightly influential web log PaperEconomy (www.papereconomy.com).
“Sold”, as he prefers to be called (especially by his wife under certain saucy circumstances… mmmm…) is not a professional economist, analyst or stock trader and has neither been trained in finance nor statistics.
What Sold offers is a dedicated and serious passion for macroeconomic analysis and further, for the creation of striking, some say even artistic, visualizations of macroeconomic data. Though not a “perma-bear” Sold is very bearish about the current state and future of the American economy subscribing whole heartedly to notion that the recent financial crisis is but the second act of an immense systemic unwind that commenced, more or less, in the year 2000.
Sold is NOT A PESSIMIST by nature but a true skeptic and a realist that prefers solid and sustained evidence of fundamental economic recovery to “Goldilocks”, “Green Shoots”, “Mustard Seeds” and wholesale speculation. Further, Sold believes that the evidence for rational and efficient markets as well as collective wisdom is scant.
In his spare time Sold works as an independent software consultant spewing out cutting edge code like he’s spraying silly string.