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?
September 30, 2009 · Category: Government, Macro Economics, Market Commentary, The Investment Advice Business
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 · Comments Off on Another Bubble?
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 · Comments Off on Kass: Markets Have Likely Peaked For The Year
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
September 30, 2009 · Category: Business Culture and Current Events, Culture and Current Events, Macro Economics
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 · Comments Off on Brooks: The Erosion Of American Financial Values
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 · Comments Off on Vigna: Government Is The Only Thing Propping Up This Economy
Top Gun FP Client Note: The Crack Based Economy
September 29, 2009 · Category: Federal Reserve, Government, Macro Economics, Market Commentary, Real Estate, Top Gun Financial Planning
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 · Comments Off on Top Gun FP Client Note: The Crack Based Economy
$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 · Comments Off on $128 Million Federal Stimulus Grant For San Bernadino I-215 Freeway Widening
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 · Comments Off on Another WSJ Editorial On The FHA’s Shaky Finances
WSJ: China Inc. Looks Homeward As U.S. Shoppers Turn Frugal
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 · Comments Off on WSJ: China Inc. Looks Homeward As U.S. Shoppers Turn Frugal
