SEC and Short Selling

In my post on Fungibility, I talked about the different attitude of the SEC and CFTC with regard regulatory approach. Yesterday, the SEC decided by a 3-2 vote to limit short selling. The vote was among party lines. The SEC …






Is there such a thing as government logic?

Health care is getting the ink this week, but here is a case and point of why government is too big. The Democrats want to increase tourism. Their proposal, a new agency funded by a tax on international travel-TRAVEL PROMOTION …






Barbecue

Was on a road trip last week. Went to a bunch of places, big driving trip. Good thing we have a diesel. Anyway, one of my favorite things is barbecue. I try it everywhere I go. When I dropped my …






A mascot passes

Students at Ole Miss voted to end the reign of their mascot Colonel Reb. Some mourn the passing, some cheer. Not my alma mater, so I don’t have an opinion. I am glad the students of Ole MIss decided to …






Conspiracy Theory

Let’s connect the dots regarding ELX, ICE, and CME. CME has been under attack from different government agencies, and the NY banks for over a year. They are winning. The first salvo was the DOJ letter released in February of …






Short term post on the Stock Market

Markets are notoriously hard to predict. That’s why there is a plethora of information about them. Markets hate uncertainty, and there is a lot to be uncertain about. There are several situations evolving at once that are affecting markets today. …






Obama and the health of Democrats

Obama is hosting a health summit this week. It is for show only. The press has lapped up the Obama White House tidbit that he has trimmed it to be budget neutral. However, no plan proposed by a politician of …






Incentives-Transaction Tax

Taxes are just incentives to behavior. Milton Friedman famously said if you want less of something, tax it. Taxes are a way to generate government revenue-but as soon as there is a tax, people try to find away around it. …






Fungibility

Fungibility is a term that few people are acquainted with, but in the coming years it could be a very important term to the American Taxpayer. Essentially, everyone lumps markets into one bucket. The pitchforks are out chasing New York …






Brits inflation up sharply

Whoa! This is an eye opener. Everyone in America is on the inflation beat. That’s why gold has had such a run. There has been a fair amount of money lost in the past two years being short Treasuries. But …






Michael Yon Online

I am on a college tour with my daughter this week. Michael Yon is writing the best stuff coming out of the battlefield that you will read. Make sure you hit his tip jar. He is self financed and needs …






The intricate banking system, and the politicians who benefit

Ann Coulter today wrote about Obama being “owned” by the NY Banks. It is an interesting observation. I don’t agree with her verbiage, but Obama’s ears lean to NYC, not Chicago. It would not surprise me if Columbia University, or …






Merkel is smart

The Greek situation has plagued markets for more than a week. Merkel is playing tough. As my friend Yra Harris has said at his blog Notes from the Underground, in decades past Germany used the barrel of a gun to …






Great use of solar power

Solar power on large scale is a waste of time and money. The only way the economics work is via government subsidies. Virtually every solar deal I have looked at as an angel with www.hydeparkangels.com doesn’t work. The other thing …






How can they say this with a straight face?

Anyone that knows me knows that I am no fan of the Obama administration. I think they reached a new low today. Watching the video of Gibbs saying that they won the Iraq War is absolutely incredible to anyone who …






Figure of the Day 101K

http://www.thinkbigworksmall.com/mypage/player/tbws/23088/1287086 Check out this video. Well worth the watch. Goldman strikes again. It would be really nice if someone would back me up on 80-95% of my trades. Bet I would trade a lot better. Oh, and if I screwed …