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This may be an interesting time to go long a future “credit event” involving debt issued by the State of California. Trading volume in Intrade’s Prediction Market is still light – but those 2011 contracts sure look potentially interesting: Source: Intrade.com California (as usual) bucked the national trend last night as a lone bright spot […]
And on top of that, 17,000 payments were sent to prison inmates! The AP reports: More than 89,000 stimulus payments of $250 each went to people who were either dead or in prison, a government investigator says in a new report. The payments, which were part of last year’s massive economic recovery package, were meant […]
Is it any surprise that among metro areas with populations above 1,000,000, Washington DC has the lowest unemployment rate? The Wall Street Journal reports: Among metro areas with populations over one million, Las Vegas had the highest jobless rate at 14.5% and Washington, D.C. and surrounding suburbs had the lowest at 6.4%. That’s funny, because […]
Sometimes I naturally assume that most “startup minded” people are folks who lean fairly strongly towards the free market. They typically are tolerant of government at best, and hostile towards it at worst (and I myself, I admit, lean towards the latter!) So when my wife sent along this guest column Intel legend Andy Grove […]
Sick of the ever increasing creep of socialism, and cries to save everyone in the interest of fairness? If you are reading this article, I’m betting that you’ve got more real-world savvy and economic sense than 99% of the rest of the world. And that’s not a self-congratulatory pat on the back (well, maybe a […]
The 1st paragraph says it all – from the Wall Street Journal Online (emphasis is mine): President Barack Obama will use an Oval Office address Tuesday night to outline his plans for cleaning up the Gulf oil spill, compensating victims, getting tough on the offshore oil industry and enacting new policies to reduce U.S. oil […]
The big financial news today is that Germany is taking steps to ban naked short selling. This was the “reason” stocks and the Euro were down today – at least according to the financial media. Which got me thinking – governments usually enact these types of bans in times of desperation. At least that was […]
Who in their right mind Would want to be long right now? Get out or get short! Why the Markets Could All Crash – Soon Investing is a largely probabilistic endeavor. It’s nearly impossible to know exactly how the future will unfold, so instead we play the probabilities, in an effort to weigh the risk […]
Not too much new here Just a bear market rally On it’s last hurrah! One Last Hurrah for the Bull! Had family in town this weekend, hence the late post, but there’s really not much going on anyway. This current rally feels like a last gasp countertrend rally that’s just about out of steam. Where […]
Sovereign debt – all crap Who could have expected this? Socialism’s toast! Contrarian Valentine’s Day While I’m tempted to wish you a Happy Valentine’s day, dear reader, I have no doubt that you won’t be running with the herd tonight for dinner and a dozen roses. No sir, not here – when my wife insinuated […]
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