WSJ: Differences Between Jobless Benefits In Europe and US
Fascinating article on the front page of today’s WSJ on the difference in jobless benefits and total wage tax burdens in Europe and the US: “US, Europe Are Ocean Apart On Human Toll Of Joblessness” (subscription required). In Europe, wage…
WSJ: Advisers Ditch ‘Buy and Hold’ For New Tactics
It’s a complete rethink of how to do asset management. – Jeff Seymour, Triangle Wealth Management LLC in Cary, NC, who early last year changed from a buy and hold strategy to holding about 90% of client money in short term…
Atlantic Monthly Cover Story: Why I Fired My Broker
Entertaining and funny story headlining this month’s Atlantic Monthly, “Why I Fired My Broker”, exploring a question that many middle/upper class Americans are asking themselves these days: Should I fire my broker/financial advisor? Where can I get good financial advice?…
What Is The Relationship Between Crime and Recession?
I’ve been wondering if hard economic times would cause people to commit more crimes. The Wall Street Journal wrote an interesting article about this last Wednesday: “Evidence Suggests That People Don’t Suddenly Commit Murder After Losing Their Jobs; But Theft,…
Dear A.I.G., I Quit!
The most read article on nytimes.com today is a resignation letter from Jake DeSantis, at AIG’s Financial Products Unit, to Ed Liddy, “Dear A.I.G., I Quit!” I take this action after 11 years of dedicated, honorable service to A.I.G. I…
A Picture Is Worth 1000 Words: Scenes From The Recession
The Boston Globe’s The Big Picture put up 35 scenes from the recession. Tells the story well…..
The Fallacy In Greenspan’s Self Defense
Mr. Greenspan ought to have used the pages of the Journal to apologize to the nation. Instead, his piece will stand as a testament to his hubris, or perhaps his delusions. – Ian Shepherdson, Chief US Economist, High Frequency Economics…
S-H-O-C-K-I-N-G: Berkshire Stock Portfolio Below Cost Basis
I just came across a shocking post from Jeff Mathews on Berkshire’s equity portfolio: “This Just In: Berkshire Equity Portfolio Back To Its Cost Basis”, Saturday February 28. In that post, Mathews says that Berkshire’s equity portfolio, which had a…
Charlie Gasparino Uses the F-Word On CNBC
I like Charlie Gasparino but he really needs to settle down. In addition to chewing off everybody’s head and not letting anybody talk (Kudlow has this problem too), he used the f-word on Power Lunch today: https://www.crossingwallstreet.com/archives/2009/01/oh_charlie_you.html These guys really…