Weekend August 18 2012 Kyle Bass, no relation to the Fort Worth Bass Family, bet big that European debt values would collapse. He is featured in the intro to Boomerang by Michael Lewis.  I am reading Boomerang now, are you?

Thursday August 9, 2012   The Rush to Chapter Nine The Rush to file Chapter Nine Bankruptcy has begun. This  is surely David Axlerod’s worst nightmare. The failed policies of poorly run (by Democrats) cities will be on display for all to see. Let’s take a look at how today is an echo of the…

Wed August 1, 2012 Art Liknkletter used to have a highly popular tv show. Part of the show was interviewing young school kids and having them say, well the darndest thinks. In memory of those moments. ….   Children Are Quick ____________________________________ TEACHER:    Why are you late? STUDENT:     Class started before I got here. ——————————————————–TEACHER:    Maria,…

Monday July 30 2012 Fed Governor Raskin spoke out demanding a definition of the Volcker Rule. The problem is that now banks are taking outsized bets, as they were in 2007, pocketing the gains when they win but expecting a bailout when they lose. And they are doing it with your and my FDIC deposits.  Maria Bartiromo…

Monday July 30, 2012 Here is a simulation of what will happen if the Mars Land August 5 on you tube.  Imagine the difficulty of pinpointing a landing 56 million kilometers from here.  Other information is here.

Weekend July 22, 2012 From The Market Perspective I have been reading Engines of Change by Paul Ingrassia, a history of the USA told via fifteen different cars. I mentioned in the update that we have entered an 18 year period of negative sentiment, the last one began in 1966, the current one in yeear…

Monday July 16, 2012 he Beatles and Wall Street Joel Benjamin | June 2012 What do The Beatles have to do with the stock market? Everything, says Robert R. Prechter, Jr., one of America's leading stock market analysts and founder of Elliott Wave International, the world's largest market forecasting firm. Prechter has developed a new…

Weekend July 14, 2012 Design is what set the original Mac Computer at right from the original PC  at left. Do you see the difference?  Steve Jobs wanted his machine to have the sleek elegant look of a cuisinart. He wanted the foot print small enough so that it could fit on everyone's desk.  The…

Weekend July 14, 2012 Now that $2 B loss at JP Morgan is up to $5.8 billion. Is  Jamie Dimon still more worried about Europe than his own out of control trading group?  But here is the funny part. Amid five billion in losses, JPM announces that it will 'claw back' earnings from the errant traders. Are…

Wednesday July 11, 2012 Meredith Whitney  took a lot of flack for her prediciton of massive defaults at the municipal level. I suggested that if Mert had broadened her definition of default, she would be right on the money, so to speak.  By that I mean the municipality will have to default on a promise to…