China’s still at it. Attempting to suck up every ounce of crude oil on a global basis, they are not unlike the Daniel Plainview character from There Will Be Blood, an oil magnate to whom you either leased your land or you watched as he drained the oil from it horizontally, right out from under…
Joshua M Brown
Hot Links: Madoff Madness & the King of the Pipelines
Hot Links for Weekend Reading… Trouble coming for the rest of the Madoffs, $199 million worth. (USAToday) Speaking of Madoff, here’s regulatory reform expert Bill Singer on the continuing deficiency of oversight. (BrokeAndBroker) All hail REX, the King of Pipelines – bringing stimulus to a town near you. (WSJ) NYU: “What Recession?” (NYP) The death…
Media: Talking Bonuses on France 2 TV
Here’s a little something I did for mes amis at France 2 Television about the banker bonus issue during the G-20 Summit. [youtube=http://www.youtube.com/watch?v=Rev_X_q_m-0] Bonne fin de semaine!
YOU ARE NOT READY
[youtube=http://www.youtube.com/watch?v=eZxBYItj2sM&feature=player_embedded] If today’s jobs report has you in the apocalyptic mood, allow me to put a visual to your state of mind. The footage above is from the upcoming film 2012. The effects in this preview may be the best I’ve ever seen as far as disaster flicks go. I predict that this will be…
About Those Dow 10,000 Predictions…
Remember, oh…I don’t know…a week ago, when everyone talked about Dow 10,000 like it was a foregone conclusion? Not so fast!
Forbes 400 Movers and Groovers
The 2009 Forbes 400 list just came out and I found myself more interested in the rankings than I’ve been in awhile. Overall, the big guys lost money for only the 5th time since 1982. Their losses were a combined $300 billion in net worth. From Forbes: Faltering capital markets and real estate prices, along…
Hot Links: Big Bad Jobs Data & the Letterman Blackmail Affair
Stuff I’m Reading this Morning… Getting ready for the big bad jobs data coming this morning. (Bloomberg) The growling of the bears is getting louder in the blogosphere. (EconomyBeat) Merrill Lynch‘s trading floor looks like a neutron bomb hit it. (TBP) Obama‘s deficits are making Bush look like a piker. (TheAmerican) New Yorkers sound off…
Today's Bucket of Cold Water, Courtesy of Bert Dohmen
Writing for TheStreet.com this morning, Bert Dohmen (The Wellington Letter), did as good a job as anyone else I’ve read at summing up the bear case and why many issues will come home to roost beginning this October: We see many headwinds for the stock market. When Congress is in session, the stock market has…
Happy Birthday To Our Future Chinese Overlords
60 years since the founding of the Peoples Republic of China. These days, their “communism” is looking a lot more capitalist than whatever the hell it is we’re doing over here. Source: Economist.com
Newspaper Stocks Ruled the 3rd Quarter
Guess what the top-performing industry group was in the 3rd quarter? What if I told you it was the left-for-dead Newspaper Publishers? No, seriously, it was. According to data from Morningstar, the newspaper industry stocks posted a gain of 89.14% over the last 3 months and were the top performing group by a long shot…
