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Category Archives: Uncategorized
Get Set for Grexit
Investors should prepare for Greece to leave the Eurozone—not a disaster but likely to cause significant volatility, especially for U.S. and European financial stocks. George Soros, who has made billions betting on currency market ructions, believes there is a 50% … Continue reading
White Privilege: Universities Should Educate, not Exploit, Black (and White) Athletes
When you’re watching the sweet sixteen, elite eight, final four, and championship game, keep in mind that many of the players are not getting a decent education that will allow them, upon graduation, to thrive in the workplace and be … Continue reading
Posted in Uncategorized
Tagged academia, athletics, race, racial correctness, universties
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European Sojourn
First stop: Bruges, Belgium, which at the end of the 14th century was the commercial capital of northern Europe. Then its population was about 40,000, including hundreds of merchants from all over Europe—Italy, Germany, England, and of course Flanders. Spices … Continue reading
Posted in Uncategorized
Tagged architecture, Belgium, Europe, food retailing, history, tourism
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To Attack Crony Capitalism, GOP Should Shut Down Fannie & Freddie
The GOP should run to the left of Democrats on financial issues in 2016 by positioning Democrats as the party of crony capitalism. Exhibit A is Fannie Mae. Exhibit B is Freddie Mac. Both were in bed with Democratic Party, … Continue reading
Posted in Uncategorized
Tagged Fannie Mae, financial crisis, Freddie Mac, Regulation
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Get Set for Fed Rate Hikessssss
Item: In a major new report, a blue-ribbon panel of economists estimates that if all the brain power expended over the past 20 years forecasting the next move by the Federal Reserve had, instead, been used for productive endeavors, U.S. … Continue reading
Posted in Uncategorized
Tagged China, equity valuation, Federal Reserve, inflation, manias, monetary policy
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Growth Offers the Best Value
In this week’s Barron’s Lawrence C. Strauss has an interesting article on the “growth versus value” debate. It is is a dumb concept invented by quantitative analysts and pension fund consultants that has little utility for real investors who actually … Continue reading
Posted in Uncategorized
Tagged dividend yield, growth stocks, PETR principal, stock selection
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Emerging Market Masochism: an Update
As I argued on December 25, it is unwise for non-specialists to invest directly in emerging market stocks because: You can get exposure to EM economies with far less risk by buying U.S. or European multinationals. Emerging markets are very … Continue reading
Posted in Uncategorized
Tagged China, China crackdown, China reform, emerging markets, Internet in China, Petrobras
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Equity Market Outlook: Still Mediocre but Not Terrible
January’s 3% decline in the S&P 500 is consistent with my observation on December 30 that “Stocks Are Expensive, Offer Mediocre Risk / Reward.” The main issues are: Investors and strategists have become bullish and complacent; they were far more … Continue reading
Posted in Uncategorized
Tagged dollar, oil and earnings, profits, Starbucks, stock market
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