The yield on 10-year Treasuries dipped sharply below 2% again last week. Meanwhile, inflation, even on the official figures, is running at 3.4%.Read more »
Is America in decline? That is a very provocative question. I have found that most people that hate the United States are very eager to agree that America is in decline, while a lot of those that love the United…Read more »
Yesterday we executed a trade for large accounts selling American Tower (AMT). We bought the stock in October 2009 at about $38.60 and sold it yesterday near $59.35. It was generally a great hold for over the two years and the…Read more »
Here’s how the fable goes…
Jim is in the boardroom talking to his three young analysts about where the mutual fund they manage should place its billions of cash, as the firm recently exited some equity positions.Read more »
Monday may have marked the beginning of Santa Claus season for stocks, but it looks like Saint Nick was a day late this year.Read more »
Let’s see. MF transferred $200 million to their clearing bank JP Morgan in London three days before their bankruptcy according to the WSJ. Dealbook says it was on the LAST business day. And it took the regulators THIS long to find it?Read more »
Yesterday the House of Representatives rejected the Senate-passed payroll tax cut extension and unemployment benefit bill in a 229 – 193 vote. If these cuts are allowed to expire, 160 million Americans will see a tax increase while about 2.2 million long-term unemployed will have their benefits disappear.Read more »
If you think 2008 was a bad year, wait till you see 2012!
The world’s largest banks have far less capital, the world’s largest governments have far less bailout power, and each is pulling the other into an abyss.Read more »
I believe gold hit a bottom last week, and I believe it will enter a multi-month rally starting now.
I also believe that the U.S. dollar hit a near-term peak this week, and I believe it will enter a multi-month downtrend, starting now.Read more »