The media dislikes the Administration to say the least. And so it hypes the economy as being near depression or in a recession. As usual, Tom Sowell provides some needed perspective. Many point to Europe as a model, but Europe with its 9-10% unemployment would love to have our economy. The solution here is to have…

In the movie Animal House, Dean Wormer finally tires of the antics of Delta House Fraternity, and announces he is putting them on double super secret probation using a little known codicil from the Faber University Handbook.  Don't laugh, that is essentially what the Government did with Morgan and Goldman today, Morgan and Goldman 'agreed'…

S I Hyakawa came to fame during the student riots of the 1960s. His fortitue in not handing the keys to the university to those that would instantly re make it resulted in his election to the US Senate. He wrote a book, now out of print with the above title. It strikes me that…

Mel Brooks starred in a classic scene in Blazing Saddles. INterrupted by Harvey Korman during a tryst with a young lady, he declres, Gentlemen, We Have to Protect Our Phoney Baloney Jobs!  Come to thknk of it perhaps that is What Tsy Secy Paulson told Congress about the bailout…. That pretty well sums up all…

Scott Burns does a good job detailing what has happened, and what is likely to happen in the future of investing. Please click and read. My thoughts are as follows, this is an excerpt from an e mail I sent someone else in the investment business this weekend, thought you might find it interesting. I got…

Buying Only, That’s the Ticket! "The emergency order temporarily banning short-selling of financial stocks will restore equilibrium to markets." The move, he said, would not be necessary in a well-functioning market and is only a temporary step that is part of the actions being taken by the Federal Reserve, the Treasury and Congress. Christopher Cox,…

Tonight the government announced that they (this means you by the way) would provide an $85 LOAN to AIG.  For this they get a 79% stake in the company. Is this a good deal? I checked. The entire market capitalization is $10 B. So the government could have bought every single share of the entire…

Brokers on the floor or at a trading desk are usually held to the fiduciary responsibility of best price. Tais rule is suspended in what is termed fast market conditions.  When markets are moving so fast taht such prices cannot be easily determined, the broker is not held to the requirement. Events are happening so…

The big poker game this weekend is not in Las Vegas, it is at the Federal Reserve Building in NYC. Lehman must be sold to allay fears that the markets will melt down this week.  Lehman as I described in class this week does not have enough capital to get through its Sept 30 examination.…

Kudos to those of you tha talerted me that Homework Manager reported that Your Instructor had locked you out. That problem has been fixed and you should be avle to access assignments now. Having said that, please understand that like yourself I am a mere passenger on this internet bus of life just as you…