Obama

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…

Larry Summers' "To Do" List

Today, President Barack Obama announced his reappointment of Federal Reserve Chairman Benjamin Bernanke to another term.  Economic advisor Larry Summers, whom many had speculated would be Bernanke’s replacement, must not have taken the news well. The following To Do List was found in a trash can on Pennsylvania Avenue… Read Also: Lucan Van Praag’s “To…

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….