Government Archive

The Hallmark of a Bubble, The Long Term Consequences of Massive Government Stimulus and Bank Earnings

Yesterday, the great Howard Marks came out with one of his memos. I consider Marks one of the Top 15 investors of all-time and I try to read most of his memos. Yesterday's memo, "Coming ...
Posted by Greg Feirman  ·  No Comments »

NYT: State Debt Woes Grow Too Big to Camouflage

March 30, 2010  ·  Category: Bonds, California, Government, Macro Economics
California, New York and other states are showing many of the same signs of debt overload that recently took Greece to the brink — budgets that will not balance, accounting that masks debt, the use ...
Posted by Greg Feirman  ·  No Comments »

WSJ Documents Crisis And Leviathan, 2009

The frontier between the state and market has shifted.  The realm of the state has been enlarged. - Daniel Yergin, author of 1998's The Commanding Heights which chronicled the ascent of free market forces starting in ...
Posted by Greg Feirman  ·  No Comments »

The Incredible Life And Character Of Dave Bing

December 20, 2009  ·  Category: Culture and Current Events, Government, Politics, Sports
I finished basketball in 1978, then went into my own business in 1980 and did it for 29 years... Now I get to the end of that career and probably should have retired.  But there ...
Posted by Greg Feirman  ·  No Comments »

Tremendous David Einhorn Speech Monday At The Value Investing Congress

I really respect David Einhorn because he has evolved from a pure value investor into recognizing the importance of macro.  Anybody who doesn't recognize that at this point is going to pretty useless going forward.  ...
Posted by Greg Feirman  ·  No Comments »

Letter From Big Housing Industry Organizations To Extend 1st Time Home Buyer Tax Credit

October 19, 2009  ·  Category: Government, Politics, Real Estate
I came across a letter today addressed to Geithner, Summers and Donovan (Secretary of Housing and Urban Development) from the National Association of Homebuilders, National Association of Realtors and the Mortgage Bankers Association asking for ...
Posted by Greg Feirman  ·  No Comments »

NY Times: FHA Headed For Same Fate As Fannie, Freddie

October 9, 2009  ·  Category: Government, Macro Economics, Real Estate
Let me simply state at the outset that based on current projections, absent any catastrophic home price decline, F.H.A. will not need to ask Congress and the American taxpayer for extraordinary assistance - we will ...
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NY Times: Securitization Market Completely Dependent On Govt Programs

October 7, 2009  ·  Category: Federal Reserve, Government, Macro Economics, Real Estate
The securitization markets are dead. - Robert Shiller, Economist, Yale University Click here for larger graphic Fascinating and important article on the front page of today's New York Times Business section showing that the securitization markets are completely ...
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Top Gun FP Client Note: The Lesson Of Cash For Clunkers

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  ·  1 Comment »

Sac Bee: FHA Loans Soar In Sacramento Area

October 6, 2009  ·  Category: Government, Real Estate, Sacramento
Source: "FHA Loans Soar In Sacramento Area", The Sacramento Bee, October 3 Does anybody doubt that the FHA and Ginnie Mae, which guarantees FHA mortgage backed securities, will need a government bailout just like Fannie and ...
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