Good Work Charlie!

Charlie Gasparino works for Fox Business. Just highlighted a major weakness in the Volcker Rule.  This doesn’t surprise me, because the entire Fin Reg bill is a disaster.  It shouldn’t surprise anyone that there were plenty of loopholes in almost …

Pig Restaurants

Lots of restaurants over the past year have opened up featuring “pig”. Not just pork chops or ribs, but using the whole pig, snout to tail. In the past year, I have visited a few of them. I really enjoy …

Who Should Pay For Job Training?

Almost 10% of America is unemployed. The desire for any politician to spend money is like a Siren song to Odysseus. Bills that will spend taxpayer dollars for education and retraining are sure to make their way through Congress. Should …

The Risky Hire

It’s no secret that unemployment is close to 10% now. If you run a business and are hiring or if you are looking for a job here is an interesting way to view it. From a book written by Professor …

Jr's 19 Bar B Que

One of the best things about summer is the grill. Man, I love barbeque. There is a place in Memphis, TN called The Commissary that has the best que I have ever had. Never get sick of going there. It’s …

Confidence-and Leadership that Lies

How do you invest in a market when you don’t have confidence? Answer, you don’t. That in itself is one reason the market is having trouble sustaining a rally. We are also in summer trading. However, this release today by …

Santelli on Meet the Press

Amidst all the liberal drivel on Meet the Press, Rick Santelli is on. Interestingly, in Chicago, precisely when Santelli began to speak-The National Weather Service issued a bulletin. It wasn’t on any other main news channel. You couldn’t hear what …

The Big Short

Just finished reading The Big Short by Michael Lewis. It’s a good book. Worth a read. It explains some of the people that made money on the subprime crisis. Not just a little money. Big massive sums of money. This …

The Revolution 2010 style

What part of the Revolution that began in 1774 was racist?  It can be argued that the framers were racist since they put in the 3/5ths rule and avoided the issue of slavery, which we settled in the Civil War. …

Economic Stimulus, Spend or Less Tax?

The great debate since Obama took office was not if the economy was in bad shape or not, but how to use effective policy to revive it. Greg Mankiw, a Harvard economics professor, has an excellent discussion of economic stimulus …

Dividends Versus Share Buybacks

This is a controversial topic these days in corporate finance. Corporations are accumulating cash on their balance sheets. Why would a company deliberately accumulate cash? Carrying excess cash can put a target on a company’s back. They become a target …

Are You Ready For Some Football?

Already, we are seeing ads for football season.  Pro training camp opens soon, and the college season is just around the corner.  Being a born and bred midwesterner, I have followed Big 10 Football for years.  Of course, it meant …

GM

Yesterday’s big business news was that GM bought a subprime lender.  Very interesting the timing of all of this. Obama signs a financial regulation bill that effectively kills the securitized loan market, and the next day Government Motors uses taxpayer …

Chicago=China, almost

I don’t know if you have been following this story, but it is one woman’s quest to get on the ballot. Cedra Crenshaw happens to be a Republican, and black. Here is her story in her words. In Chicago, the …

Deputy Bernanke

Yesterday, Fed Chair Ben Bernanke finished his first leg of Humphrey-Hawkins testimony. Sometimes, you actually learn market moving news at these things. Most of the time, you don’t. What struck me yesterday about the testimony was that Bernanke was the …

Feelin the Heat

Ben Nelson might be more unpopular in Nebraska than Barry Switzer. Anecdotal evidence infers that it’s tough for him to even go out to a restaurant in his home state. If he ran today, he surely would lose his election. …

Ms Sherrod and the NAACP

Ms. Sherrod was fired, then offered her job back by the Obama administration.  Interesting. Her record is very far left.  She is not a centrist.  That doesn’t make her a racist though. First off, Obama is a coward for firing …

National Security

Yesterday, the Navy said they shot a drone down with a laser. Cool.  Star Wars as envisioned by Ronald Reagan is really happening.  This defense stuff is really nice, but what is the threat to America? Here is one thought. …