Archive for July, 2009

  • Nothing to See Here
    Posted by on July 30th, 2009 at 11:46 pm, Comments: 0

    Thanks to everyone who took the time to read my most recent post, “We Fear What We Don’t Understand” on the topic of some common [...]

  • We Fear What We Don’t Understand
    Posted by on July 26th, 2009 at 10:27 pm, Comments: 0

    “For those who believe, no explanation is necessary. For those who do not, none will suffice.” – Joseph Dunninger. I’ve resisted writing a piece about [...]

  • How Not to Fix Anything
    Posted by on July 24th, 2009 at 3:14 pm, Comments: 0

    First, this absolutely absurd headline of a NY Times article – I swear – it’s NOT from The Onion: “California Pension Fund Hopes Riskier Bets [...]

  • Put Down That Government Crutch
    Posted by on July 21st, 2009 at 5:52 pm, Comments: 0

    There is an article in the NY Times today detailing a problem that I’ve been observing for almost two years now – the proliferation of [...]

  • Nostradamus
    Posted by on July 17th, 2009 at 9:13 pm, Comments: 0

    So I wrote this piece a few days ago as soon as I read that Einhorn swapped his GLD for physical bullion, anticipating that it [...]

  • Odds and Ends
    Posted by on July 16th, 2009 at 9:47 pm, Comments: 0

    -I found this NY Times article on rationing health care to be pretty interesting. How do you value a human life? Does the life of [...]

  • Roubini’s Comments Manipulated
    Posted by on July 16th, 2009 at 9:30 pm, Comments: 0

    Again today we saw another case of the vicious attempt (successful again) by the media to manipulate the stock market higher. I was absolutely SHOCKED [...]

  • Getting in Front of It – GLD
    Posted by on July 16th, 2009 at 1:20 pm, Comments: 0

    One group of people that’s even more fanatical than the Goldman Sachs conspiracy theorists are the Goldbugs. As I read David Einhorn’s (Greenlight Capital) quarterly [...]

  • New Proposals, and back to GS
    Posted by on July 16th, 2009 at 1:03 pm, Comments: 0

    Yesterday I wrote about misplaced blame. I think the general public is mad at Wall Street, when in reality they should be mad at the [...]

  • Goldman Sachs
    Posted by on July 15th, 2009 at 1:53 pm, Comments: 0

    Many thousands of words have been written about Goldman Sachs lately, and today there are 3 worthy reads: 1) Clusterstock criticizing Taibbi’s Rolling Stone piece. [...]

  • Quote of the Day
    Posted by on July 10th, 2009 at 4:13 pm, Comments: 0

    From Oaktree’s Howard Marks, in his July letter: “My greatest concern surrounds the fact that we’re in the middle of an unprecedented crisis, brought on [...]

  • Flawed Measures of Inflation
    Posted by on July 9th, 2009 at 7:18 pm, Comments: 0

    Wall Street Cheat Sheet did an interview with Barry Ritholtz last week, and I thought these several paragraphs from Barry on misconceptions regarding inflation were [...]

  • People Who Live in Glass Houses…
    Posted by on July 9th, 2009 at 7:06 pm, Comments: 0

    Isn’t this the definition of “irony?” “Shares of American International Group Inc (NYSE:AIG – News) plummeted 22 percent on Thursday after a Citigroup analyst said [...]

  • Kim Jong Il Hates Goldman Sachs
    Posted by on July 8th, 2009 at 3:37 pm, Comments: 0

    It all makes sense now: AP: WASHINGTON (AP) — The powerful attack that overwhelmed computers at U.S. and South Korean government agencies for days was [...]

  • The Lawlessness of Large Numbers
    Posted by on July 8th, 2009 at 2:58 pm, Comments: 0

    Pop Quiz – What was the value of the 1998 bailout of Long Term Capital Management? I graduated college in 1998 and went to work [...]

  • Micro Managing – Readings
    Posted by on July 7th, 2009 at 6:09 pm, Comments: 0

    Lots of talk about new regulations and laws in the last week or so. Here are some pieces worth reading: 1) Barry Ritholtz on new [...]

  • Yep – Data Error
    Posted by on July 6th, 2009 at 6:19 pm, Comments: 0

    As expected, the NYSE has responded to the relentless hounding from Zerohedge regarding Goldman’s suspicious disappearance from the weekly program trading report, admitting that they [...]

  • Can’t See the Forest For the Trees
    Posted by on July 6th, 2009 at 3:31 pm, Comments: 0

    I can’t believe I go distracted from the simple truth behind the NYSE’s change in the reporting of the weekly program trading statistics that I [...]

  • Take A Deep Breath…
    Posted by on July 6th, 2009 at 1:18 am, Comments: 0

    Ok – I was nice and relaxed Sunday evening, popped open a few websites to check for evening business news, and came across the latest [...]

  • America – FK Yeah!
    Posted by on July 5th, 2009 at 1:26 pm, Comments: 0

    That’s right – I am also a highly skilled baker. Above, you can see my special patriotic 4th of July vanilla flag cake with Cool [...]