Stuff I’m Reading this Morning… Passport Capital makes the case for the agriculture investment theme. (MarketFolly) The unsinkable Whitney Tilson on housing’s non-bottom. (TechTicker) Like the rich kid paying off bullies in school, Goldman is set to give a big charitable donation to deflect our attention from $23 billion in bonuses. Andrew Ross Sorkin has…
Main Street: Can We Have a Recovery Too?
Here’s a pair of headlines that I thought were fantastic in a juxtapositional way: Goldman Faces PR Dilemna Over Huge Bonuses (CNBC) Debt, Unemployment Weigh on Recovery (WSJ) Both articles out on the same day. Today. Only in America. Cartoon Source: TIME
Scrooge McDuck on Gold Investing
[vodpod id=Groupvideo.3629800&w=425&h=350&fv=] Yes, SNL can be funny sometimes. Full Disclosure: I do not advocate Mr. McDuck’s investment strategy of stockpiling gold and then swimming in it. Please see my Terms & Conditions page for a full disclaimer.
Main Street USA: We're All 49ers Now
Does your town look like this? Can’t say I blame them, the pawn business may be the only economic activity left for a local small business owner. We’re all 49ers now.
Hot Links: NFL Injuries, Bill Miller's "Comeback" & the Second Depression
Hot Links for Morning Reading… Thanks to The Pragmatic Capitalist for taking on that Barron’s Bill Miller piece. You’re exactly right. (PragCap) The Thomas Palley Second Great Depression piece everyone will be talking about today. (FT) Big Story: How the online shopping monster can kill the recovery. (NYP) Fire sale at Blackstone: Up to 8…
The Funniest Show on TV is Now Tackling Financial Topics
Yes, I watch Curb Your Enthusiasm, Family Guy, The Office and 30 Rock, and yes, they’re all funny. But they don’t make me laugh out loud or force me to pause and rewind the way It’s Always Sunny in Philadelphia does. Sunny is the funniest show on tv, end of story. It airs on the…
We Interrupt This Rally To Bring You The Following Foreclosure Stats…
Is this thing on? Check one two. Hello everybody. Quite the party we’re having here on Wall Street. My friends will tell you that I’m the polar opposite of someone who wants to bring any party to a crashing halt. Especially one as mind-blowing as this (did I see the dollar AND stocks up on…
More Hot Links: I Hate Cupcakes
More Hot Links for Weekend Reading… My fave site Abnormal Returns turned 4 years old this weekend. Happy Blogiversary! (AbnormalReturns) Thank goodness for our private equity/ i-banking industry for deals like these. Disgraceful. (ZeroHedge) John Crudele: One Trillion Reasons to Avoid a New Stimulus Plan. (NYP) Eddy Elfenbein challenges David Rosenberg‘s “market is extremely overvalued”…
The Fatter Side of Globalization
Please don’t wipe your greasy hands on the art. Merci. Source: Cagle.com
Peter Schiff: A Call To Action
I don’t agree with everything that Peter Schiff says, and I don’t live in Connecticut, but I’d love to see him win his run for the Senate. As for my thoughts on his opponent Christopher Dodd‘s tenure on the Senate Finance Committee…I feel they’ve been made pretty clear here and here. Schiff is the president…
