Joshua M Brown

When Irish Debts are Piling

Somebody needs to get the Standard & Poors Monkey off of Ireland’s Back… The ratings agency just cut Ireland’s credit rating for the second time in 3 months (now down to AA).  The cost of the Emerald Isle’s banking disasters have S&P spooked and as a result, the credit default swaps that determine the cost…

OMG, I'm Filthy Rich! This Email Proves It!

Overnight, as visions of philly cheesesteak fairies danced in my head, an email came into my mailbox that has completely changed my life. As Forrest Gump said upon learning that he was rich, “Won’t have to worry about money anymore, so, ya know…one less thing.” From my inbox: You have been choosen by the U.N…

GM Super-Psyched for Reinvention

[vodpod id=Groupvideo.2687464&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] It’s only June 7th and already, I have my Atrocity of the Month post prepared. Someone tell me who in Crom’s name paid for this whitewash?  “We need to reinvent ourselves“?  Really?  Just a few months ago, the Rick Wagoner regime didn’t even consider bankruptcy an option, “it’s not even on the table,”…

The Reformed Broker Saves California

So the state of California has until the end of July to stave off bankruptcy.  They have a projected budget deficit of $24 billion! Governor Arnold Schwarzenegger, who ran for office with the intention of fixing the state’s fiscal woes, has presided over a 40% expansion of government spending.  Oopsies! At this juncture, Cali needs…

More Hot Links: Tech Edition

More Hot Links for Weekend Reading The New York Times Media & Advertising section comes out blasting at the tech blogs that are eating into the Times’ audience.  They point out how often the big tech blogs like Gizmodo and TechCrunch run with false rumors either deliberately or because of sloppiness, such as the recent…

Schadenfreude Pick of the Week: Lawyer Layoffs in NYC

[vodpod id=Groupvideo.2681542&w=425&h=350&fv=] OK guys, here’s your Schadenfreude Pick of the Week… From the New York Times: Now Mr. Verrier, who had worked exclusively at the century-old firm since leaving Harvard Law School in 1982, sat in his office high above 44th Street and Avenue of the Americas, considering the e-mail message he was about to…

Hot Links: Black Swans, DJs, CEOs, Rogers and Kass

Hot Links for Weekend Reading Let’s kick it off with a Think Piece from Johnny Debacle of Long or Short Capital.  Johnny asks the question “Why be a JD (Juris Doctor) when you could be a DJ (Disc Jockey)?” I got two from The Business Insider this week…first, a slideshow of the Worst CEOs Ever,…

What's that, Lassie? Vikram Pandit's in Danger? Again?

Everyone’s got their “Sheila Bair of the FDIC wants Citigroup’s Vikram Pandit Fired” thing up on their sites today.  I beg to differ with most…Vikram Pandit Will Survive: ______________________________________________________ From the archives: February 26th 2009 [youtube=http://www.youtube.com/watch?v=ZBR2G-iI3-I] At first I was afraid I was petrified Kept thinking they would never let Our credit ratings slide but…

Market Recap: Goodbye Grasshopper

[youtube=http://www.youtube.com/watch?v=5E0WHDMrL_U] The Reformed Broker, AKA Beatrix Kiddo, here with today’s Market Recap… Yet another meltup today as the banks led the charge.  James Cramer of TheStreet.com believes that Bank of America (BAC) is the most important tell in this market right now because of it’s mortgage exposure, mutual fund manager attraction and all of their…

Dimon, Lewis and Mack Save the Rec Center

[youtube=http://www.youtube.com/watch?v=pspmBbbOHh8] Watching the big banks’ money-raising efforts come to fruition over the last several weeks, one cannot help but think of the happy endings of several 80’s movies that made a deep impression on me in my formative years. Breakin’ 2: Electric Boogaloo comes to mind.  Never mind that the film was robbed of an…