Archive for September, 2009

  • Kevin Warsh In Today’s WSJ
    , September 25th, 2009 at 3:11 pm

    Kevin M. Warsh of the Federal Reserve wrote an op-ed in today’s Wall Street Journal titled “The Fed’s Job Is Only Half Over.” I’ve read [...]

  • The Argument Against HR 1207
    , September 25th, 2009 at 11:39 am

    You don’t hear it much, but there is principled opposition to Ron Paul’s HR 1207 bill to conduct full audits of the Federal Reserve. This [...]

  • Tall Paul
    , September 24th, 2009 at 2:20 pm

    At 82, Paul Volcker is well worth listening to.

  • Peter Schiff: Gold to Hit $5,000
    , September 24th, 2009 at 12:23 pm

    Here’s a bold prediction: Unlike the “legitimate bull markets” of many foreign markets, Peter Schiff believes the U.S. is merely experiencing a “rally in a [...]

  • For Valuations, You Need to Look Forward
    , September 24th, 2009 at 11:48 am

    David Rosenberg writes in the Financial Times: An unprecedented eight-point price/earnings multiple expansion during a six-month faith-based rally has left the market at its most [...]

  • BBBY Is Down Today
    , September 24th, 2009 at 11:27 am

    Just a quick note. I’m not sure why BBBY is down today. I thought it was a good earnings report. Oh well. A wiser feller [...]

  • Bed Bath & Beyond Reports 52 Cents a Share
    , September 23rd, 2009 at 4:18 pm

    Bed Bath & Beyond (BBBY) reports Q2 earnings of 52 cents a share. This is good news. The Street’s consensus was 47 cents; I said [...]

  • Bed Bath & Beyond Reports 52 Cents a Share
    , September 23rd, 2009 at 4:18 pm

    Bed Bath & Beyond (BBBY) reports Q2 earnings of 52 cents a share. This is good news. The Street’s consensus was 47 cents; I said [...]

  • Imagine If Lehman Brothers Had a Football Team
    , September 23rd, 2009 at 3:02 pm

    Lately it’s been all the rage to complain about companies that are too big to fail. However, there’s another prominent American institution that’s also become [...]

  • The Fed's Statement
    , September 23rd, 2009 at 2:27 pm

    Yawn. Information received since the Federal Open Market Committee met in August suggests that economic activity has picked up following its severe downturn. Conditions in [...]

  • The Fed’s Statement
    , September 23rd, 2009 at 2:27 pm

    Yawn. Information received since the Federal Open Market Committee met in August suggests that economic activity has picked up following its severe downturn. Conditions in [...]

  • The Swine Flu Index
    , September 23rd, 2009 at 10:13 am

    It had to happen sooner or later: Rather than reaching for rubber gloves and face masks for protection, some investors are trying to expose their [...]

  • AP: Hedge fund sells part of its New York Times stock
    , September 22nd, 2009 at 10:59 am

    From AP: Harbinger Capital Partners LLC says it has sold part of its 20 percent stake in The New York Times Co., but still considers [...]

  • FactSet Guides Higher
    , September 22nd, 2009 at 10:37 am

    FactSet Research Systems (FDS) reported fiscal fourth-quarter earnings this morning. For the June through August period, the company earned 74 cents a share compared with [...]

  • Oh Becky
    , September 22nd, 2009 at 10:21 am

  • The Worse the Economy, the Better the Recovery
    , September 21st, 2009 at 2:15 pm

    Jim Grant has a typically smart piece in the WSJ. Although he’s known to be a pessimist, Grant has turned bullish recently: Americans are blessedly [...]

  • Stimulus Program
    , September 21st, 2009 at 1:24 pm

    Not sure what to made of this one: French workers strip to try to save their jobs.

  • Q&A With Doug Kass
    , September 21st, 2009 at 1:07 pm

    Dan Holland of Real Clear Markets sat down with the always-valuable Doug Kass. Here’s a sample: RealClearMarkets: You made a huge, once-in-a-lifetime call when you [...]

  • Q&A With Doug Kass
    , September 21st, 2009 at 1:07 pm

    Dan Holland of Real Clear Markets sat down with the always-valuable Doug Kass. Here’s a sample: RealClearMarkets: You made a huge, once-in-a-lifetime call when you [...]

  • TARP Application: “Two Pages, Most of it White Space”
    , September 21st, 2009 at 11:51 am

    Vanity Fair looks at how the TARP Program was run. After making all the big boys participate, Treasury strong-armed smaller banks as well. Ray Davis, [...]