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Goldman Sachs – Defending the biggest kid on the block
By Bill Bonner | Posted on November 19, 2009
Resident voice of reason at The Daily Reckoning, Bill Bonner takes a hard look at Goldman Sachs and replaces jealousy with admiration.
“We pick up sword and shield, ready to fight for Goldman, after reading the Financial Times. The FT has devoted a whole page to Goldman bashing. It’s time someone stood up to say a kind word for the firm.”
Notes From the Investment Underground
Capitalism is alive and well
Posted on November 20, 2009 by Andrew Snyder
Baltimore – (TFN): Hallelujah, the markets work! You have no idea how happy I was this morning when I opened the Wall Street Journal and found an article detailing Goldman Sachs shareholder anger at the recent bonus payouts.
Now, I don’t care who makes what. That’s between bosses and their worker bees. But I do get a little peeved when Uncle Sam tries to tell some worker he can’t get paid per his contract.
Read on…
I’d rather let Madoff invest my money
Posted on November 19, 2009 by Andrew Snyder | 1 Comment
Baltimore — (TFN): I am starting to sound like a broken record, bashing the actions of our government every day for the last week, but I don’t care. What these ignoramuses are doing is simply criminal.
It is becoming more and more apparent that today’s breed of politicians is good at only one thing, getting elected.
Read on…
A lesson in Alaskan “waste management”
Posted on November 18, 2009 by Andrew Snyder
Baltimore — (TFN): Some good friends of mine recently took their TV out to their front yard, put two high-brass shells in their 12 gauge and pulled the trigger. They rendered the hunk of glass and plastic useless. Called it Alaskan waste disposal.
After last night, I’m ready to get out the 00 buckshot, myself.
I’ve got my eye out for good intentions, gone bad after spending the last three editions of Notes discussing the idea of financial regulatory reform.
Read on…
Should “Big Tobacco” run the government?
Posted on November 18, 2009 by Andrew Snyder
Baltimore — (TFN): If politicians would get their heads out of their re-election campaigns, they would not have to make hasty, thoughtless decisions that cost you and I money.
In the days following Obama’s inauguration, Washington quickly passed a wide set of tax reforms. Part of the legislation included a $400 tax break for the country’s working class and increased healthcare funding for the country’s poor, unhealthy children thanks to increased taxes on the tobacco industry.
Read on…
If this is true, we all need a vaccine
Posted on November 16, 2009 by Andrew Snyder
Baltimore — (TFN): It’s confirmation! On Friday I wrote how I may have a touch of the flu or some other mind-altering ailment because my thoughts were far more liberal than I am comfortable with admitting.
Well, it turns out my ultra-liberal, straight-ticket voting, French-guy marrying sister has a verifiable case of the pig flu. And guess who I had dinner with on Thursday night? You betcha, big sis.
Read on…
How to play the dangerous dollar
Posted on November 12, 2009 by Andrew Snyder
Baltimore – (TFN): The dollar is a dangerous entity these days. Never has there been such a globally important currency with as much political and financial manipulation.
The distortions from reality are mind-boggling, yet all of us depend on the status of the simple fiat for our financial wellbeing.
Read on…
The best sector for your money right now
Posted on November 11, 2009 by Andrew Snyder
Baltimore (TFN): I cannot say with total certainty that duct tape has ever saved my life. But I can say it has saved the day on more than one occasion, like the time I fell feet first into a frigid river, roaring with the power of Alaska’s springtime snowmelt.
In the woods, you have to dry off fast or risk any number of calamities. Living in temperate rainforest, an emergency fire was a challenge. But thanks to duct tape’s inherent desire to burn, I was re-warmed in no time.
Read on…
The end of efficient markets
Posted on November 10, 2009 by Andrew Snyder
Baltimore — (TFN): How efficient are the markets? It is like asking how smart is the human race We all know the answer, but few of us are willing to suck in our pride and admit there are a few dim bulbs among us.
Judging by the sudden rise in fame of Levi Johnson or Balloon Boy’s antics, the human brain is far feebler than we give credit.
And so are the markets.
Read on…
Measuring your real wealth
Posted on November 9, 2009 by Andrew Snyder
Baltimore (TFN):
What is wealth? It is a question all of us need to ask ourselves every so often. If not, we lose track of where we are heading and where we’ve been.
As you’re reading this, I am nowhere near my computer. In fact, I’m not even in the office today. I spent the last three days increasing my “wealth.”
Read on…
Is it time to panic?
Posted on November 6, 2009 by Andrew Snyder
Baltimore-(TFN):Time to panic? If you are part of the Obama administration the answer is yes. If you are an American investor, hold off on the freaking out for at least another month or so.
Read on…
Will Bernanke Kill Santa Claus?
Posted on November 4, 2009 by Andrew Snyder
Baltimore (TFN): The Fed is meeting today. And I ask who cares? At this point, Bernanke and his troupe of politicians masquerading as economists are in so far over their heads, no matter what they do or say, you can bet the move is designed to protect their butts, not yours.
Read on…
Brace, Brace, Brace – We’re Goin’ Down!
Posted on November 3, 2009 by Andrew Snyder
Baltimore (TFN): Believe it or not, I used to be a fishing guide. And a darn good one, too. It feels like a past life these days, but some of the memories of my summers spent in Alaska’s pristine wilderness come streaking back to me at the oddest of times.
Read on…
Welcome to Notes Version 2.0
Posted on November 2, 2009 by Andrew Snyder
Baltimore (TFN): Welcome to Notes version 2.0. As Will moves on to his next successful endeavor at the family office, I could not be more pleased and nervous to be at the helm. After all, he set the bar high.
Read on…
Where Will Future Economic Growth Come From?
Posted on September 11, 2009 by Contrarian Profits
It’s a difficult question to ponder as the state of the world economy is so fragile. Right now, GDP growth stems exclusively from the government’s stimulus package. But once Obama and his cronies are finished fixing the economy, what will the fuel the next leg of the recovery?
Read on…
3 Bogus Reasons Stocks Are Rallying Right Now
Posted on August 27, 2009 by Contrarian Profits | 1 Comment
What can we tell you about the US stock market that you don’t already know deep in your belly? This is a stimulus rally, pure and simple. It’s one big bet that the government’s funny money will lift up stocks out of mire of the recession… and send them to the moon!
Read on…