Archive for August 2006

The Bull Market That Began on Sept. 11, 2001

August 29, 2006  ·  Category: Stocks
When Al Qaeda struck the World Trade Center on Sept 11, 2001 it ended an era of relative global peace that had begun with the fall of the Soviet Union and the tearing down of ...
Posted by Greg Feirman  ·  No Comments »

Fed Minutes Reveal Balancing Act at the Fed

August 29, 2006  ·  Category: Federal Reserve, Macro Economics, Market Commentary
A few weeks after each Fed meeting, the minutes for that meeting are released.  The minutes are not an actual transcript of what was said but a shamelessly doctored summary.  As I tried to explain ...
Posted by Greg Feirman  ·  No Comments »

Local Home Market In The Tank

August 28, 2006  ·  Category: Real Estate
A couple weeks ago DataQuick, the excellent real estate information firm providing data primarily for the California market, came out with its July 2006 numbers.  The Sacramento Bee ran a sobering article based on the report: July ... ...
Posted by Greg Feirman  ·  No Comments »

Morgan Stanley’s Stephen Roach on the Popping of the Housing Bubble and Its Effect on the US and Global Economies

August 28, 2006  ·  Category: Macro Economics
Stephen Roach, Chief Economist at Morgan Stanley, had some noteworthy things to say about the bursting of the housing bubble and its effects on the US and global economies in his most recent two commentaries ...
Posted by Greg Feirman  ·  No Comments »

Women’s Retailer Chico’s FAS and Home Furnishings Retailer Williams-Sonoma Report Slowing Sales

August 25, 2006  ·  Category: Macro Economics, Market Commentary
After the bell on Wednesday women's retailer Chico's FAS (NYSE: CHS) warned that August same store sales are showing a decline of about 3% and that it sees dismal same store sales for its third ...
Posted by Greg Feirman  ·  No Comments »

WSJ: The House the Fed Built

August 25, 2006  ·  Category: Macro Economics, Real Estate
The Wall Street Journal today published an editorial, "The House the Fed Built" (subscription required), echoing the interpretation of recent Fed history I posted a couple weeks ago: This is the housing market the Federal Reserve built.  ...
Posted by Greg Feirman  ·  No Comments »

Companies Selling to the Middle Class Start to Feel the Pain

August 25, 2006  ·  Category: Macro Economics
The Wall Street Journal ran a noteworthy article on Monday (subscription required) citing evidence that middle income consumers are slowing down their spending in the face of high gas prices and a slowing housing market: ... ...
Posted by Greg Feirman  ·  No Comments »

Signs Your Financial Advisor Is No Good

August 17, 2006  ·  Category: The Investment Advice Business
Marketwatch recently ran an article on signs that your financial advisor is no good.  Here are some of their signs I found particulary important: 2. Refuses to disclose free arrangements Some advisers are squarely focused on investments ...
Posted by Greg Feirman  ·  No Comments »

Whole Foods Gets the “Barron’s Bounce”

August 15, 2006  ·  Category: Stocks
Whole Foods (NASDAQ: WFMI), a stock I recommended 2 weeks ago, got a favorable write up in this weekend's Barron's (subscription required).  Barron's is widely read among professional investors who frequently buy up large quantities ...
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The Significance of the Fed Pause: Interest Rates, the Economy and Inflation

August 10, 2006  ·  Category: Federal Reserve, Macro Economics
After 17 straight quarter point rate hikes going back to June 2004 the Fed paused on Tuesday leaving the federal funds rate at 5.25% (from 1% back in June of 2004).  In this post I ...
Posted by Greg Feirman  ·  No Comments »