2011 March

Double Whammy

We are addicted to oil. We yearn and thirst for more and more resources. We pollute with impunity, without remorse, and with no understanding of any unintended consequences. There is no hope for us… …or so they say. What if we can produce oil on demand, anywhere in the world…Can’t be, no way. What if this .. read more

On March 31st, 2011, posted in: Markets by Tags:

Weekly Economic and Market Review

I’m not sure what possessed investors to re-embrace the warmth of the bull market last week but it surely wasn’t good news on the US economy. Or good news from Japan. Or good news from the Middle East. Or good news from Europe. Or good news on the housing market. The ability to ignore the .. read more

Weekly Economic and Market Review

I’ve been warning about a rise in volatility for the last month and it arrived in spades last week. Clairvoyant? Hardly. Obviously, I had no idea an earthquake and nuclear disaster was about to strike Japan. If I had, I would have sold the tiny position in Japanese stocks our portfolios hold (less than 1% .. read more

What Is the Fed Put and Why Should I Care?

From Doug Terry: THE FED PUT aka the Greenspan Put aka the Bernanke Put What is it? An implicit safety net or insurance policy granted to banks by the Fed. Why do banks have this? Systemic risk, too big to fail. Why do banks want or need this? The banks have become speculative entities. Sometimes .. read more

On March 18th, 2011, posted in: Economy by Tags: , ,

Weekly Economic and Market Review

As I said last week, get ready for some volatility. Stocks most everywhere fell last week but it wasn’t a one way ride. Down Monday, up Tuesday, flat Wednesday, smacked around Thursday and an end of the week rally on Friday. The S&P 500 finished the week down 1.28%. Foreign markets, particularly emerging ones, were .. read more