Count Draghi: Ten Points
1. The situation is not as bad as the immediate post-Lehman environment, but "alarmed" by recent market stress. 2. Market concerns are real, but under-estimate the political resolve. 3. Per current...
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We Should Not Fear The End Of The Euro
Robert Zoellick the outgoing chairman of the World Bankis saying the world is heading for a repeat of 2008 unless the Eurozone problem is solved. The Eurozone is a big problem but not on this level...
View ArticleEuro Relief Rally To Foster Range-Bound Prices, Debt Auction In Focus
Market sentiment firmed up on Wednesday as the European Central Bank talked up speculation for additional monetary support, but the rebound in risk-taking behavior may be short-lived as the negative...
View ArticleRay Bradbury, Master of Science Fiction, Dies at 91
Ah well...a whole generation of readers will mourn his passing. From an AP alert: Ray Bradbury, Master of Science Fiction, Dies at 91, A.P. Says Ray Bradbury, a master of science fiction whose lyrical...
View ArticleVariations on "Only Nixon Can Go to China"
by Mike Kimel Variations on "Only Nixon Can Go to China" This is not a short post. Be forewarned. A few years ago, I co-authored a book called Presimetrics with Michael E. Kanell, a reporter for the...
View ArticleWhat Manner of Quantitative Easing
Good day. Another night in a very quiet house — I guess I could go crazy and turn my stereo up really loud. Or get one of Alex’s electric guitars, plug it in and rock out. But I’m sort of like the...
View ArticleQuote of the Day: Fiscal Barbells
And to this we say, AMEN! The right policy, which also happens to be the only one with any hope of being adopted in the foreseeable future, is a barbell approach, with more stimulus on one side and,...
View ArticleThe seeds of capitalism are taking roots in Chinese culture
With the recent anniversary of the Tiananmen Square protests, we are reminded of all the conflicts that have marked China’s evolution away from the Communist Party. Even though there is still more...
View ArticleU.S. Navy decides to loiter in the Pacific
President Obama has been touting his recent action to remove most of the U.S. military from the Middle East in an attempt to garner support from the American public. This doesn’t mean however that the...
View ArticleLaw school grads compete over position the pays LESS than minimum wage
The U.S job market is in chaos and as a result, college grads are becoming victims of their societal circumstances. Desperation has allowed employers however to acquire highly educated workers for...
View ArticleDÉJÀ VU: U.S. and al-Qaida on the same side again?
The Houla massacre in Syria has drawn international attention and humanitarian groups are now calling for western intervention to end the bloody civil war. However, rebels have strong support from...
View ArticleGovernment enables racketeering in Virginia healthcare
Government’s role in healthcare has been a long-standing debate. When it comes to healthcare, emotion habitually interferes with logic and often the least intuitive solutions are the most effective....
View ArticleNYC Police plan to reduce arrests but write a lot more tickets
After proposing a citywide ban on sugary drink over 16 oz., Mayor Bloomberg has uncharacteristically adjusted New York’s position on marijuana arrests. The move would downgrade marijuana position from...
View ArticleBrainwashing starts with this two-letter word
The big news out of New York City these days is Mayor Mike Bloomberg’s proposed ban on the sale of soda drinks over 16-ounces (about 1/2 liter) at restaurants, movie theaters, sports stadia, street...
View ArticleNever Mind the Debt
Monday was a disappointment. Tuesday too. The Dow rose 26 points yesterday. After last week, we were hoping for more. A hard rain…a cleansing wash…a flood that would flush the trash out of this...
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The JOBS Act Offers Huge Opportunities To Hedge Fund Managers
Mike McD comment: With the passage of the JOBS (Jumpstart Our Business Startups) Act, the regulatory environment for hedge funds and other private investment managers is about to change dramatically....
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Pocket of Strength: Texas Ranked Best for Business (Again)
For the eighth consecutive year, CEOs named Texas the best place to do business, according to the latest Chief Executive magazine. Its annual survey received feedback from 650 business leaders from...
View ArticleChesapeake Energy: the Governance Ravens Come Home to Roost
By Paul Hodgson – CCO and Senior Research Associate [This blog first appeared on Forbes.com] The following is an excerpt from our forthcoming report, Ratings Foresights, which summarizes a few of the...
View ArticleOn Jelly Donuts and Gold
Gold is “forever unproductive,” says Warren Buffett, CEO of Berkshire Hathaway. “Civilized people don’t buy gold,” says Buffett’s sidekick, Charlie Munger. Civilized people, says Munger, “invest in...
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Gold Is Gearing Up For QE
The yellow metal is up almost $100 since last Friday’s weak U.S. employment report. Gold is a weird cat with multiple personalities and more than nine lives. At any given time period gold will assume...
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