The Kids Aren't Alright

Teenage unemployment at 25.5% has worse consequences than just the lack of a minimum wage paycheck for the kids. When I was a teenager, I worked at a local hardware store a few nights a week after high school.  I was a stock boy and then a cashier.  My co-workers were miserable people, stuck in…

Hot Links: UNG, AT&T and Wal-Mart People

Hot Links for Weekend Reading… Think bankers are in low regard now?  In 16th century Holland, they were banned from the church and treated like pawnbrokers and brothel keepers.  (CreditSlips) Happy bicentennial to Elbridge Gerry, the man who ran the dollar printing presses to pay for the Civil War.  (NYT) Big PR problems for AT&T‘s…

The "Real" Unemployment Rate is All Ewwey and Stuff

 EconomPic did the graphic above and I think that this is the best way to look at the current unemployment sitch.  The scale on the right includes unemployed people that are not counted in the official number, such as those who have picked up part-time work, are working on a task-by-task basis or who have…

Leprechauns on Parade

Moment of truth time for the gold bulls and bears. The Will it or Won’t It Break $1000 polemic is every bit as suspenseful as the buildup to Ross and Rachel’s first kiss was during Season 2 of Friends. I don’t share investment ideas or make market calls on this site for compliance and business…

Hot Links: So Cute Your Head Will Explode

Stuff I’m Reading this Morning… 8 Reasons Goldman Sachs Says Buy The Chinese Selloff.  (TPC) Sex offenders living under a bridge receiving stimulus money.  I’d say that “stimulus” is the least of their problems, yuk yuk yuk.  (DailyBeast) Buffett still selling Moody’s.  Sucks to be a ratings agency these days.  (Bloomberg) Nikki takes us behind…

Pfilthy Pfizer Pfined

I have friends who work as pharmaceutical sales reps and quite frankly, I’ve never gotten a good answer as to why the pharma industry is even allowed to push drugs on doctors or the general public at large, either with gifts, dinners or television commercials. I am by no means anti the drug industry, I…

Hot Links: World of Seinfeld

Stuff I’m Reading this Morning… Biggest gain in Chinese stocks in 6 months last night, Shanghai up 4.8% on the session.  (Bloomberg) The age old debate about genes and income gets a great treatment by Mike Konczal.  (RortyBomb) The latest Fed meeting minutes divined for your reading pleasure.  (NYT) It’s that time again…annual report to…

From the August Archives

Your favorite Reformed Broker‘s taking a much-needed day off today.  While you’re reading this, I’ll be at an amusement park with the family going for a world record in funnel cake eating/ roller coaster riding. Below are some recent posts I did that you may have missed.  If you saw them all already, then I’ll…

Did We Fall Off The Bull Today?

[youtube=http://www.youtube.com/watch?v=T5ZrTO7yRYI] Nasty bank failure/ secondary rumors all day today… Banks down 4.5%, Oil back under $70, AIG down another 8, Dow down 180 points with a little more than an hour left. Guess we’ll see.

Dear Deadbeat States, Please Pay Your Mortgages

I don’t like to point fingers or anything, but it seems that in July 2009, only 7 of our 50 states were responsible for 67% of the nation’s property foreclosure filings.  That’s right, two thirds of the foreclosures are in…well, I’ll let you name the states. That’s right.  California, Florida, Texas, Arizona, Nevada, Georgia and…