Stock Market Realization
I just realized last night why the ol’ gov’ment is so concerned about the stock market’s behavior over the last couple of weeks–they are afraid of competition. Â I’m not talking about competition among business operating in an free market. Â I’m talking about the free market’s competition with the gov’ment. Up until now, the only way [...]
$700B Well Spent
I’m not one to take a one day sampling of the stock market and make a “see-I-told-you-so” snap reaction. Â It’s pretty unreasonable to think what happened in Congress on Friday would have much of an impact today–the assumption of the passage of the bailout was already priced into the market. Â But the reaction to today’s [...]
Afternoon of Silence
For the free market.
Damn It Feels Good To Be a Gangsta
Or a Senator.  Or an investment banker.  Some levity is needed.  I took the liberty of posting the censored version so you can be liberal with the volume at work. All I gotta say to you wanna-be, gonna-be, bailout-backin’, pork-packin’ prankstas–when the Ѕңїτ jumps off what the ╒ủČК you gonna do? Damn it feels good [...]
You Don’t Want This Turd?
How about if I smear it all over something you do want? Blue Collar Muse has the details on how the Senate is making an attempt to cram the bailout rescue down our throats (again) by attaching the bill to one that everyone is bound to vote for. So they are trying another well known [...]
Mark To Market Clarification From the SEC
Before we start writing checks, can we give this a chance to work? The SEC is not telling holders of hard-hit mortgage-backed securities that they can willy-nilly slap any value on them they want. What the SEC is saying is: You can take other factors into account when valuing them. Balance sheets should be changing.  Lots of [...]
I Can’t Begin To Thank My Congressman
Because www.house.gov is slammed.  Here’s what I got when I tried to use their site to send my Congressman a thank you for voting against the bailout rescue savior of the economy. Messaging Service Unavailable The House of Representatives is currently experiencing an extraordinarily high amount of email traffic. The Write Your Representative function is therefore [...]
Watching Some CNBC in Prime Time
Mark Cuban was talking about the need for transparency. Â He also mentioned that one of the problems that allowed such a large drop today is that the short selling rules are keeping people from hedging their bets and keeping the markets honest. Â A couple of nice soundbites too… “Policians don’t want transparency because then they’re [...]
Illogical Markets
From Fast Company: “The idea that the market is always right is a crazy idea. Laissez-faire is over.” Well, until the shit hits the fan, maybe. But it can’t be stopped forever. Here are a few observations I’ve made in my few years… 1) Unregulated markets are illogical, emotional, impulsive, abusive, and reactionary…in the short [...]
Ron Paul on the Bailout “Debate”
“That’s why so many people in this country have come to the conclusion that there’s not a dime’s worth of difference between the two parties.” Remember back in the debates when Ron Paul was harping on monetary policy any time he was given a chance to speak?
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