Tuesday, June 29, 2010
Monday, June 28, 2010
RBS tells clients to prepare for 'monster' money-printing by the Federal Reserve - Telegraph
Hey! Conventional investment advisors are now warning us....Central Banks will be printing money. What have you done to get ready? Personally, it looks like first a collapse (debt deflation/depression) follow quickly by government printing. Economies and finances will be in a mess.
RBS tells clients to prepare for 'monster' money-printing by the Federal Reserve - Telegraph
RBS tells clients to prepare for 'monster' money-printing by the Federal Reserve - Telegraph
A Business Journalist Turned Anti-Banker
From NYT - Mr. Ratigan, previously a business journalist with CNBC, is now an outspoken opponent of too-big-to-fail banks and the politicians whom he calls their servants. Now Mr. Ratigan, rails against the “vampire” banks who “have assumed control of our government.” The new US government financial regulations is the proof, the the Omaba government is providing protection to the Banks like Goldman.
A Business Journalist Turned Anti-Banker - NYTimes.com
A Business Journalist Turned Anti-Banker - NYTimes.com
Buy US Banks
Buy US Banks, US government in their new regulations are helping the banks again.
Big government helps their big business partners.
Bove: Public to Pay as Banks Will Dodge New Rules
Big government helps their big business partners.
Bove: Public to Pay as Banks Will Dodge New Rules
G-20 Nations Agree to Cut Deficits
Good to see some sense with governments. They are all agreeing, except the US, that reduction in government spending and deficits are required. Omaba is on the other side thinking his policies of high spending and more debts will fix things.
G-20 Nations Agree to Cut Deficits by 2013 - NYTimes.com
G-20 Nations Agree to Cut Deficits by 2013 - NYTimes.com
IS DOW 5,000 REALLY POSSIBLE?
David Rosenberg thinks Dow 5,000 is possible
DAVID ROSENBERG: IS DOW 5,000 REALLY POSSIBLE? PRAGMATIC CAPITALISM
DAVID ROSENBERG: IS DOW 5,000 REALLY POSSIBLE? PRAGMATIC CAPITALISM
Repent at leisure | The Economist
From the Economist....companies, people and governments are beginning to wake up and realize the more is a big drag on the economy. About time I say.
A special report on debt: Repent at leisure The Economist
A special report on debt: Repent at leisure The Economist
Sunday, June 27, 2010
There Will Be War - Forbes.com
From Forbes, war looks likely with Iran.
There Will Be War - Forbes.com
There Will Be War - Forbes.com
Encana takes on Chinese partner for Canadian Energy
China's investment into Canadian energy
Encana takes on Chinese partner for Horn River, Montney prospects
Encana takes on Chinese partner for Horn River, Montney prospects
Saturday, June 26, 2010
Islam at the gate because of the collapse
The West is at its watershed, the collapse of the West is not because Islam is at the gates. Islam is at the gates because of the collapse of the West.
The collapse of the West, with Islam at the gate
The collapse of the West, with Islam at the gate
The Hard Truth About Residential Real Estate | Oil Price.com
Like the last paragraph...what's a poor homeowner to do? Don't ask me. I sold everything in 2005 when my research threw up these numbers, and have been happily renting ever since. And, if the toilet blocks up, I just call the landlord.
The Hard Truth About Residential Real Estate | Oil Price.com
The Hard Truth About Residential Real Estate | Oil Price.com
Friday, June 25, 2010
New Recession By End Of Year, Market Collapsing
Albert Edwards, one of the most prominent uber-bears just got even more bearish: "Our view that this economic and market recovery will collapse like a pack of cards as soon as the steroid-like stimulus is reduced is gaining ground.
Albert Edwards Goes All Out: Sees New Recession By End Of Year, Market Collapsing "Like Pack Of Cards" zero hedge
Albert Edwards Goes All Out: Sees New Recession By End Of Year, Market Collapsing "Like Pack Of Cards" zero hedge
Thursday, June 24, 2010
Trillion $ Plus Clean Up Bill for the Gulf
A Trillion dollar plus bill for Gulf clean up? Wow! Let's not think that.
Government Insiders: Get Ready for the Gulf "Dead Zone" Oil Price.com
Government Insiders: Get Ready for the Gulf "Dead Zone" Oil Price.com
Tuesday, June 22, 2010
Think BP, Think Asbestos - TheStreet
The point is that thinking BP could survive is high risk assumption.
Cramer: Think BP, Think Asbestos - TheStreet
Cramer: Think BP, Think Asbestos - TheStreet
Monday, June 21, 2010
A great Interview Question
From the Kirk Report a great interview question:
Namely, after 6 hours of interviews and 2 hours of debate today, we finally agreed who will join the mentorship group next quarter. It was a tough call. Really tough. But, as things go, one of the questions I like to ask applicants in the phone interview turned pivotal.
So, what was the question? Very simple – what is currently on your bucket list of things to do before you die?
If you ever really want to know who you are dealing with in an interview or social setting, that question works better than anything else. It is amazing what people say is on their list and a terrific way to really get to know what another person values.
Namely, after 6 hours of interviews and 2 hours of debate today, we finally agreed who will join the mentorship group next quarter. It was a tough call. Really tough. But, as things go, one of the questions I like to ask applicants in the phone interview turned pivotal.
So, what was the question? Very simple – what is currently on your bucket list of things to do before you die?
If you ever really want to know who you are dealing with in an interview or social setting, that question works better than anything else. It is amazing what people say is on their list and a terrific way to really get to know what another person values.
Saturday, June 19, 2010
BP Ignored Omens of Disaster - NYTimes
The NYT has it right....it's BP culture that created this spill. What BP has is a culture for making their "numbers". They do take short cuts and ignore risks. BP people do know better, but it is the BP culture that drives it on making their quarterly and annual numbers.
BP probably will be getting rid of Hayward and will need to bring someone from the outside to change the BP culture.
Talking Business - In 2 Accidents, BP Ignored Omens of Disaster - NYTimes.com
BP probably will be getting rid of Hayward and will need to bring someone from the outside to change the BP culture.
Talking Business - In 2 Accidents, BP Ignored Omens of Disaster - NYTimes.com
Friday, June 18, 2010
Vancouver - Spiritual Development Centre
We enjoyed visiting our spiritual development centre in Vancouver this past Sunday. Check it out....
http://www.willingdon.org/
http://www.willingdon.org/
Buffett Predicts the Next Crisis
Probably right.....stay away from this "asset"
Buffett Predicts the Next Crisis (BRK-B)
Buffett Predicts the Next Crisis (BRK-B)
Thursday, June 17, 2010
BP's Hayward Slammed by Lawmakers
Of couse Hayward would not know the details as to various decisions made on this well. However, it's a cultural thing at BP that caused this spill. They were trying to make their "numbers".
Hayward Slammed by Lawmakers as Stonewalling on Spill (Update1) - Bloomberg.com
Hayward Slammed by Lawmakers as Stonewalling on Spill (Update1) - Bloomberg.com
What can you get for $5 ?
Freelance services....pretty reasonable.
Website offers $5 jobs as source of freelance income - MSN Money
Website offers $5 jobs as source of freelance income - MSN Money
5 Secrets of Self-Made Millionaires
And one of the secrets is to stop spending money, live within your means. Simple, but very effective.
5 Secrets of Self-Made Millionaires on Shine
5 Secrets of Self-Made Millionaires on Shine
Oil Spill Conflict of Interest: Matt Simmons Is Shorting At Least 8,000 BP Shares | zero hedge
This explains the conflict with what Matt Simmon is saying and what his firm is doing. Also interesting to note that Matt Simmon is resigning as Chairman at the end of the month. Hmmm.....big conflict of interest Matt.
Oil Spill Conflict of Interest: Matt Simmons Is Shorting At Least 8,000 BP Shares zero hedge
Oil Spill Conflict of Interest: Matt Simmons Is Shorting At Least 8,000 BP Shares zero hedge
Wednesday, June 16, 2010
EU Commision President Warns of Democracy Ending in Greece, Spain
The EU Commission President warns that democracy could end in Greece and Spain. The problem is the high debt levels that these countries have incurred. In order to manage these debts, another form of government may be required.
EU Warns of Democracy Ending in Greece, Spain
EU Warns of Democracy Ending in Greece, Spain
Tuesday, June 15, 2010
BP credit rating slashed six notches
When will it be time to buy BP?
BP credit rating slashed six notches by Fitch - MarketWatch
BP credit rating slashed six notches by Fitch - MarketWatch
Monday, June 14, 2010
Why This Bull Market Is FINISHED
From the Business Insider, 12 Charts that show why this bull market is finished.
12 Charts That Show Why This Bull Market Is FINISHED
12 Charts That Show Why This Bull Market Is FINISHED
Waxman Letter to Hayward Cites BP 'Shortcuts' - WSJ.com
If this is true, then it will not be very good for BP.
Waxman Letter to Hayward Cites BP 'Shortcuts' - WSJ.com
Waxman Letter to Hayward Cites BP 'Shortcuts' - WSJ.com
Dr. Doom of the Gulf Coast spill
Matt Simmons, a bit of an oil expert, believes BP will be heading for Chapter 11 within the month given that the oil spill is much larger than most think.
However, Matt Simmon's investment banking company, Simmons & Co, has changed its rating on BP to outperform from neutral. Hmmmm.....
Matt Simmons, Dr. Doom of the Gulf Coast spill - Jun. 9, 2010
However, Matt Simmon's investment banking company, Simmons & Co, has changed its rating on BP to outperform from neutral. Hmmmm.....
Matt Simmons, Dr. Doom of the Gulf Coast spill - Jun. 9, 2010
Sunday, June 13, 2010
Seven Reasons to Love the Euro
Euro is oversold, due for bounce.
Seven Reasons to Love the Euro - MarketBeat - WSJ
Seven Reasons to Love the Euro - MarketBeat - WSJ
17 Reasons to own Gold
17 reasons to own Gold - John Embry
John Embry SAM LP.pdf (application/pdf Object)
John Embry SAM LP.pdf (application/pdf Object)
Easy Portfolio
Here is an easy portfolio to manage which outperforms 75% of the investment advisers for long period of time. It was developed in the 1980's and is still valid today. Returns were 12% then and now about 8%, which is pretty good, and that is with low volatility.
the Exchange Newsletter -- An Information Source for eSignal Subscribers
the Exchange Newsletter -- An Information Source for eSignal Subscribers
Friday, June 11, 2010
BP’s Mess, and Wall Street’s - What do they have in common?
What does BP and Wall Street have in common?
It is the ability to take on too much risk without consequences.
I do not think more government regulation solves the problem. However, if there was the personal liability or risk then managers would make different decisions. Wall Street investment banks were around for decades, through very difficult time when they were organized as a partnership. However, when they converted to a corporation, then these formerly successful banks' management took on hugh additional risks in order to reward themselves.
BP’s Mess, and Wall Street’s - Opinionator Blog - NYTimes.com
It is the ability to take on too much risk without consequences.
I do not think more government regulation solves the problem. However, if there was the personal liability or risk then managers would make different decisions. Wall Street investment banks were around for decades, through very difficult time when they were organized as a partnership. However, when they converted to a corporation, then these formerly successful banks' management took on hugh additional risks in order to reward themselves.
BP’s Mess, and Wall Street’s - Opinionator Blog - NYTimes.com
Some home truths on oil for a president showing the strain
From the UK's Financial Times.....a view on how Omaba is handling the Gulf oil situation
InfoViewer: Some home truths on oil for a president showing the strain
InfoViewer: Some home truths on oil for a president showing the strain
Solar Power Getting Cheaper
That would be great if solar would become economical. A new photovoltaic solar cell.
Solar Energy May Soon Get Much Cheaper | Oil Price.com
Solar Energy May Soon Get Much Cheaper | Oil Price.com
U.S. asset managers worried Obama could confiscate gold
Be careful where you have your gold. It was once illegal for US citizens to own gold. Do not think it could not happen again. There is a risk of owing gold.
Mineweb.com - The world's premier mining and mining investment website U.S. asset managers worried Obama could confiscate gold - POLITICAL ECONOMY | Mineweb
Mineweb.com - The world's premier mining and mining investment website U.S. asset managers worried Obama could confiscate gold - POLITICAL ECONOMY | Mineweb
Tuesday, June 8, 2010
Sunday, June 6, 2010
Saturday, June 5, 2010
Wednesday, June 2, 2010
Why value value?--Defending against crises
I thought this was pretty good short article by McKinsey on Value, Bubbles, the Financial Crisis, Leverage, the Equity and Credit markets and fundamental flaws by governments, managers, and investors.
Solution - It is to get back to the basics of adding value - increasing cash flows. It is not financial manipulations or engineering.
I think there has been and continues to be a misallocation of capital into the financial markets. The financial markets are not what they should be. It is now a casino. For example, Goldman is making its money by trading. That by definition, does not add value to the economy.
Why value value?--defending against crises - McKinsey Quarterly - Corporate Finance - Valuation
Solution - It is to get back to the basics of adding value - increasing cash flows. It is not financial manipulations or engineering.
I think there has been and continues to be a misallocation of capital into the financial markets. The financial markets are not what they should be. It is now a casino. For example, Goldman is making its money by trading. That by definition, does not add value to the economy.
Why value value?--defending against crises - McKinsey Quarterly - Corporate Finance - Valuation
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