Daily Archives: July 7, 2009

Who Needs Stocks When You Have a Mattress

Nearly 13 years after making ‘irrational exuberance’ one of the most familiar phrases of all time, stock market investors are anything but exuberant.  On 12/5/96, when Greenspan suggested that stock market investors may be out of touch with reality, the … Continue reading

Posted in Back to the basics, Cash Is King!, Is The Market Rally Real? | Leave a comment

American Socialist State

President Obama’s visit to Moscow this week may turn out to be a very good thing. Forget all this jibber-jabber about nuclear disarmament. There is no better reminder than the former Soviet Union for how the fantasies of a few … Continue reading

Posted in Coup d'etat in America, History of Finance, It Is Nice To Be Part of the Elite!, Libertarianism - the Debate, Our phony middle class, Political Chaos, The New American Socialism | Leave a comment

Better to suffer now than in the long-term

Last week saw the publication of some of the scariest numbers so far in this recession. Britain suffered its worst quarterly fall in GDP since 1958: a year when Harold Macmillan was prime minister and the Soviet Union was launching … Continue reading

Posted in A Growing List Of One Term Presidents, A Shareholder-Not Just a "Stakeholder", A State of Distress, AIG and all that....., Analysis & Commentary, Dismal Science-Ignorant Scientists? | Leave a comment

Is Your Company Fundable?

Is Your Company Fundable? America’s unemployment rate–the worst in 26 years–has stopped the stock market cold. It has moved the recovery goalposts down the field, maybe into next year. Hope resides with America’s growth companies. But they sit at the … Continue reading

Posted in A State of Distress, Unemployment Catastrophe | Leave a comment