Friday 21Sep2012 - Gone Fishing!

Thanks for browsing my Blog.
Gone Fishing on a Cruise Ship.
So NO Posts for the next few weeks.
Internet access on a cruise ship is at TURTLE SPEED and Account Charges are at WARP SPEED.
Will Return in Mid-October.
Unless a Hurriciane Sinks the Ship First.
OK!
I'm Ready for the 24 Oz Porterhouse Steak at Cagney's Steak House.
But First a Double Shrimp Salad.
Next, A Refreshing Ceaser Salad.
OK. Now the Main Course served Medium-Rare.
I Know. You think I Forgot. Preordered the Calfornia Cab before arriving at Cagney's.
Dessert? Maybe? But NO, Just a Freshly Brewed Ameican Coffee.
NEXT!!!
6AM Tomorrow Morning 6KM Power Walk.
Hey! You didn't think You would Get Off That Easy.

That's All Folks!



  

Wednesday 19Sep2012 - The Bottom Line!

Our entire fiscal and monetary policy is now based on one simple axiom:

What we cannot tax, we borrow, and what we cannot borrow, we print.

Tuesday 18Sep2012 - Dagwood's Take!

Sunday 16Sep2012 - Opinion that Matters!

From Blackswan Capital.

The reason QE1 and QE2 have not worked as we are told it was supposed to work, is because the credit transmission mechanism in the US economy and in Europe, and increasingly in China, is broken. Instead of credit transmission, the three biggest regions of the world, call them the G-3, are in financial repression mode doing all they can to save the existing order first, only to worry about new growth later.

QE3 will fail, as QE1 and QE2 have. The conditional bond buying in Europe will fail, as the LTRO has before it. And another round of bank lending in China will also fail to rekindle new growth. But in the near-term, if you are long financial assets, you don’t really care do you? Well you better care. Because the disconnect between what is going on in the global economy, in terms of real growth versus financial bubbles being created by financial leakage an dismally failed Keynesian demand management may be setting up for something epic in proportion.

Tuesday 11Sept2012 - Tuesday Humor!

Thanks LS.

Tuesday 11Sept2012 - Dagwood's Take!

Tuesday 11Sept2012 - What Next?

Thursday 06Sept2012 - Opinion That Matters!

From Jack Crooks at Blackswan Capital:

Action
We continue to be long-term euro bears. Recession and tension will most likely continue despite the so-called pledge of "unlimited sterilized bond buying." Continue to hold long the UltraShort euro ETF (EUO). If already holding this position, you may consider adding on any bump higher in the euro. If you do not already hold this position, we think it makes sense to add it now.

And from Bill Gross's September newsletter at PIMCO:

If I were an individual investor, I would do this: Balance your asset mix according to your age. Own more stocks if you are young, but more bonds if you are in your 60s, like myself. If you choose an investment advisor, a mutual fund, or an ETF, make sure that your fees are minimized. After all, if overall returns average 3–4% annually how can you possibly afford to give 100 basis points of it back? You cannot. And be careful. The age of credit expansion which led to double-digit portfolio returns is over. The age of inflation is upon us, which typically provides a headwind, not a tailwind, to securities price – both stocks and bonds.

Thursday - 06Sept2012 - Past Tennis Stars!

View at    http://www.businessinsider.com/tennis-legends-2012-8

A couple of my favorite players.

And of course, the one and only:

Monday 03Sept2012 - Will Greece Exit the Euro?

Even as Greece desperately tries to avoid defaulting on its debt, American companies are preparing for what was once unthinkable: that Greece could soon be forced to leave the euro zone.

The rest of the New York Times article here.

http://www.nytimes.com/2012/09/03/business/economy/us-companies-prepare-in-case-greece-exits-euro.html?pagewanted=1&_r=3&ref=global-home