Posts in Uncategorized

Unintended Consequences of Regulation

Recall last year that Obama heralded the new credit card regulations.  No longer were credit card companies going to rip off consumers with high interest rates.  Those dirty credit card companies were preying on minorities, taking their hard earned money …

Aging Populace

The world population is aging.  Thanks to advances in medicine, we are living longer.  The technology march is affecting other aspects of the aging process.  We know that the youngsters invented abbreviations for texting.  BFF, best friends fore ever etc. …

Religious Humor

People always ask, Who am I?  Is there a God?  Here is a flow chart to help.

Link To BI Article

Here is a link to a BI article that I wrote.  It has to do with volume, and where it is traded.  When you look at volume at the stock exchanges, it is a pittance compared to what is really …

A Day of Infamy, 69 Years Ago

If you had a good history teacher, you know that today is the day that the Japanese bombed Pearl Harbor. This day changed the course of American history forever. It also changed the course of world history forever. 60 million …

Money Flows to Commodity Funds and Position Limits

Money is flowing into passive commodity funds.  Most of the trade winds up in markets like Gold, Silver, Oil, Grains and Meats.  The Financial Times has a nice article on backwardation versus contango, market effects that affect returns.  What really …

Peggy Noonan, Ms. Irrelevant

Ms. Noonan used to be a pretty sharp columnist. I read her weekly and find that she inhabits a netherworld where reality doesn’t exist. Too many years in the beltway, and too many years on the upper east side of …

A Business Insider Story

I penned another Business Insider story the other day. The link to the story is here. I opined on the Obama pay freeze.  I think that it’s really just a bargaining chip.  He, the Democrats, and Timmy Geithner have done …

US Housing

Booth Graduate School of Business Professor Erik Hurst was at the University of Chicago Business forecast yesterday. Don Cummings of Blue Haven Capital wrote about it. When Erik talks about it, it is with a macro view. He isn’t commenting …

Fox Business, Stuart Varney and Company

Stuart was on vacation, but it was great to be on with Charles, Chris, and Tracy.   I had a lot of fun.  It is extremely different being in the studio than being on a trading floor doing a quick …

Chevy Volt Boondoggle

The Chevy Volt is one of the biggest boondoggles since the Edsel. Who in the general public is going to buy this thing? Official production numbers change, but the announced production is 45,000.  GE announced it was going to purchase …

Business Insider Article

Wrote a short article for Business Insider on the Irish.  You can view it here.

North Korea and China

Lots of advice for everyone today in the papers and on the internet as to how to deal with the conflagration happening in the Korean peninsula.  It shuddered markets. I don’t claim to be an expert on China.  I have …

No McDonald's in North Korea

Last night the North Koreans took another aggressive action against the South Koreans.  Recall they sunk a ship.  It’s pretty clear by now that the Bush policy of letting the Chinese handle North Korea was ineffective.  The Obama policy hasn’t …

No McDonald’s in North Korea

Last night the North Koreans took another aggressive action against the South Koreans.  Recall they sunk a ship.  It’s pretty clear by now that the Bush policy of letting the Chinese handle North Korea was ineffective.  The Obama policy hasn’t …

So You Want to Be a Trader

These vids are funny, but eventually they will get to be too much.  This one has some funny elements, but too many cliches.

Trading Commodities, Hah! You're Trading the Euro Now

Traders showed up to trade commodities today. Instead they were trading Euro’s. When the Euro made its low, all commodities were on their lows. The stock market hit it’s lows today on Euro lows. Obviously, someone forgot to nudge the …

Trading Commodities, Hah! You’re Trading the Euro Now

Traders showed up to trade commodities today. Instead they were trading Euro’s. When the Euro made its low, all commodities were on their lows. The stock market hit it’s lows today on Euro lows. Obviously, someone forgot to nudge the …