Archive for September 2009

Thomas Woods Meltdown Is The Book To Read To Understand The Financial Crisis

September 30, 2009  ·  Category: Books, Macro Economics
Meltdown, despite a couple of minor flaws, is the best one-stop analysis of the recession available, which makes it the book to give anyone who wants to understand how government intervention caused this mess and ...
Posted by Greg Feirman  ·  1 Comment »

Another Bubble?

The 2003 bounce came when stocks were not cheap – they traded at a multiple to cyclical earnings of about 21, according to Prof Shiller, when at the bottom of previous bear markets this multiple ...
Posted by Greg Feirman  ·  No Comments »

Kass: Markets Have Likely Peaked For The Year

September 30, 2009  ·  Category: Market Commentary, The Investment Advice Business
Despite the strong share price momentum and the aforementioned emerging optimistic economic/profit consensus, I continue to hold on to the variant view that the markets have likely peaked for the year based on the existence of ...
Posted by Greg Feirman  ·  No Comments »

47% Of Households Will Pay No Federal Income Tax In 2009

September 30, 2009  ·  Category: Government, Politics
Source: "47% Will Pay No Federal Income Tax", CNNMoney, September 30
Posted by Greg Feirman  ·  1 Comment »

Brooks: The Erosion Of American Financial Values

Human nature, in no form of it, could ever bear prosperity. - John Adams Letter to Thomas Jefferson, quoted in David Brooks "The Next Culture War" Over the past few years, however, there clearly has been an ...
Posted by Greg Feirman  ·  No Comments »

Vigna: Government Is The Only Thing Propping Up This Economy

September 30, 2009  ·  Category: Macro Economics, Market Commentary
Paul Vigna of Dow Jones MarketTalk is fast becoming one of my favorite market commentators.  I did a post on his "The Pinocchio Recovery" and his latest, on the same theme, is solid as well: We ...
Posted by Greg Feirman  ·  No Comments »

Top Gun FP Client Note: The Crack Based Economy

NOTE: Every week I write a Client Note for my clients.  For a limited time, I am allowing non-clients to sign up and receive the Client Note.  You can sign up at the top right ...
Posted by Greg Feirman  ·  No Comments »

$128 Million Federal Stimulus Grant For San Bernadino I-215 Freeway Widening

September 29, 2009  ·  Category: Government, Macro Economics
We've been frugal.  Now we can get back to normal.  We might even take a trip. - Charles Ojuri, whose small construction firm received a $780,000 contract to clear trees around I-215 John Husing, an economist who ...
Posted by Greg Feirman  ·  No Comments »

Another WSJ Editorial On The FHA’s Shaky Finances

September 29, 2009  ·  Category: Government, Real Estate
One place to start is the Federal Housing Administration, the nation's insurer of nearly $750 billion in outstanding mortgages.  The agency acknowledged this month that a new but still undisclosed HUD audit has found that ...
Posted by Greg Feirman  ·  No Comments »

WSJ: China Inc. Looks Homeward As U.S. Shoppers Turn Frugal

September 29, 2009  ·  Category: China, Geopolitics, Macro Economics
We relied too much on the U.S. market. ...... China's ability to consume has now reached a fairly high level.  It's at a turning point. - Tom Tseng, General Manager of bicycle manufacturer Tandem Industries, whose U.S. sales ...
Posted by Greg Feirman  ·  No Comments »