Search results

What's everyone acting so shocked about? If one is only going long and is fully invested, his performance is not surprising. Only staying on the sidelines or shorting or going long an inverse fund could realistically have provided superior returns in our current environment.

Correction: Obama may have raised more money from the companies' PACs and rank and file employees but McCain received more money from Fannie's and Freddie's directors, officers, and lobbyists than Obama. Looking at the two amounts, the amount from the directors, officers, and lobbyists is more...

A communist system? That's one problem with just letting everything crash and burn. By the time its over people might be so traumatized that there is a permanent shift in ideology away from the current one. Who? Name them.

I saw a graphic that depicted the run on LEH. If similar to the case with BSC they were saying the truth. They had what seemed to be adequate capital in normal times. In the space of three days though there was a MASSIVE run on Lehman. That kind of possibility is what has caused everyone to...

So no one believes it could have been just incompetence or grossly inept management? It has to be fraud?

He makes up to 110% from 5% to 10% of the time but breaks even during the remaining 90% of the time. Isn't that roughly a 10% return?

Krugman and Bernanke I think are generally on the same page since they are the economists. Their counterparts would generally be Hank Paulson and other Wall Streeters.

Not sure about that. As I understand it he was considered for a position but was at odds with some of the other policy makers and their practices. He wrote a couple of books criticizing them. Peddling Prosperity and Pop Internationalism. It should also be noted he worked as a staff...

Luskin is probably quoted because he got into a bit of a tiff with Krugman. When Krugman became a prominent Bush basher before it was fashionable to be one, Luskin seemingly became an attack dog sent to challenge him on his economics, most people after all who write about economics know zip...

Serious problems true and the possibility of worse to come but those bank failures you refer to occurred during an era where it was conventional wisdom to think that intervention wasn't necessary. Since then that's no longer the case and large financial crises have regularly seen government...

How distinct a possibility do you think is all of those banks going bankrupt? At some point there should be enough true value in some of them that a speculative run on them will be beaten back. Question is where do the falling dominoes stop? I think the mentality has changed sufficiently that...

Ratings agencies are idiots. They might supply useful information and analysis but it astonishes me how often their interpretation is baloney. They follow the herd.

Any news of them trying to merge or sell themselves to anyone yet? If there is and no one is jumping at the opportunity I'd be worried. If things remain the same though it's a good sign. The Japanese bank is currently doing due diligence. If they push through with their capital infusion I...

Having a problem with this one too. The popular ones were commodities but if we're going to see deflation and not inflation it isn't clear to me why that would be the the best choice. Long bonds is the textbook answer in that case but with yields around 4% that doesn't look like a winner...

Would you care to share your timing methodology?

I McCain eligible to be POTUS? He was born in Panama after all....

What is wealth? Answer that question and you should be able to figure out why fiat money beats a gold standard and why Austrian school economics is so last century.

Anti-intellectual populist politics is the politics of banana republics. Follow the kind of political campaigning in a banana republic and you won't be able to miss it. I didn't sense this kind of politics in the US in previous elections but it is worrisomely evident now.

Only 2 left in stock!

That one.