Obama

Hot Links: Gartman, DeLong, Merkel & The Big Dogs

Stuff I’m Reading this Morning… On tap today:  New home sales, consumer confidence, the Richmond Fed. The Fly is liking the refiners here.  (iBankCoin) Commodities guru Dennis Gartman starting a new hedge fund.  (MarketFolly) This is a non-story to me, but the Goldman trading huddles are now in the spotlight.  (Clusterstock) Bernanke to get the…

Breakfast Links: Venom on a Friday

Stuff I’m Reading this Morning… Wow!  A list of the most disgusting, pathetic people on earth!  That’s right…it’s Fashion Meets Finance time once again!  (Pocket Change) The article that helped ignite yesterday’s rally.  (Bloomberg) The mall retailers attempt Christmas in July.  (WSJ) Absurd lawsuit of the week:  “The Kindle Ate My Homework”.  (TechFlash) Remember dividends? …

Kidz Korner: What Does Stimulus Mean?

Kidz Korner is a relatively new feature here on The Reformed Broker where I explain complex financial issues to kids from the neighborhood in a simple, straightforward way. _______________________________________________________________________________________ Little Timmy Johnson: Hey Mister TRB, can I ask you a question? The Reformed Broker:  You just did… Timmy:  Oh.  Sorry, can I ask you another…

Melt It Like Beckham: Major Changes for the Indian Gold Market

Very quietly, two developments occurred in India over the last week that could have major implications for the gold market.  Both of these developments could portend drastic changes in gold demand from a key market, just as the inflationistas believe they are at the threshold of a paradigm shift in the precious metal’s pricing. First…

What Obama's "Brokers As Fiduciaries" Change Really Means

In Obama‘s new regulatory reform proposal, there is language concerning how brokers are looked at and treated versus investment advisors. From the Wall Street Journal: Currently, brokers are only required to offer investments that are “suitable,” which means they can’t put clients in inappropriate investments, such as a highly risky stock for an 80-year-old grandmother….

Cody Drops the "F" Bomb Again…Fascism

[vodpod id=Groupvideo.2751021&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] The above video, from April, is a great example of the ridicule that Democrats are heaping on anyone who disagrees with President Obama’s continuation of the Republican bailout scheme.  Both parties are complicit in this unprecedented wealth transfer, but the left only disliked it when it was a Bush/Paulson phenomenon.  For the record,…

Obama's New Regulations

Here comes the heavy hand… At 12:50 pm today, The Street will get the news from the horses mouth as President Obama unveils some details on his new plans to regulate he financial industry. He’s already set the table, having released an 85 page document underlining the goals of this new spate of regulatory reform….

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…