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Archive for January, 2012

Might Germany “Annex” Greece and “Breakthrough to a New Europe”?

Posted by Larry Doyle on January 31st, 2012 6:37 AM |

You do not need me to tell you that it can get mighty cold in Germany during the winter months.

Don’t you think many Germans would like a nice warm vacation in the Greek Isles when those winds are whipping through the cold, dark forests and industrial cities of Deutschland? Sounds nice, heh??

Think the Germans may bargain for discount vacations in Greece if not outright ownership of some prime beachfront real estate in the Greek Isles as potential compensation for bailing Greece out of its current fiscal mess?

I am speaking largely in jest…but not totally. Why so? Let’s navigate.     (more…)

We Need an MF Global Grand Jury

Posted by Larry Doyle on January 30th, 2012 9:53 AM |

I still very much have the “sense on cents” that many on Wall Street and in Washington desperately wish that l’affaire MF Global would just fade away.

Let’s work hard to make sure that does not happen and that the MF Global customers who may NEVER see THEIR money again at least receive some justice in return.

NEVER see THEIR money again? Is that right?  (more…)

Quantitative Easing: To Infinity and Beyond?

Posted by Larry Doyle on January 29th, 2012 12:02 PM |

What does the Federal Reserve know that we don’t?

I mean, why would the Federal Reserve commit to keeping prevailing interest rates at next to zero through the end of 2014 if they were not aware of just how weak our underlying economy truly is?

Bernanke and team know our domestic economy and the global economy at large remain in need of significant and steady oxygen support. (more…)

Book Review: Fraternity, Ultimately a Love Story

Posted by Larry Doyle on January 27th, 2012 1:03 PM |

In the process of navigating our economic landscape, we are perpetually encountering risks. These risks not only present themselves from the standpoint of the market and the economy but also on a much larger scale from a social, political, and personal perspective as well.

How do we learn to manage risks going forward? We are compelled to study and appreciate the lessons from the past.

To do just that, I strongly encourage people to read a recently published book which takes us back to the volatile days of the late 1960s. This literary masterpiece very personally details how a group of young African American students and the Jesuit mentor who recruited them to college took very real risks. What was the result of managing these great risks?

A foundation for long term and very real rewards. This fascinating book is Fraternity by Diane Brady.  (more…)

Still Mad as Hell and Not Gonna Take It Anymore….Open Thread

Posted by Larry Doyle on January 25th, 2012 5:01 PM |

Have you had just about enough? What’s that, you say? You’ve had more than enough. You feel alone and disenfranchised while doing the best to navigate the economic landscape. You now finally appreciate that nobody is there to protect you.

You have a home here at Sense on Cents.  Let’s navigate together.

In late 2009, I asked “What’s Fueling America’s Rage?” and people responded in spades.

In mid-2011, Jim Garvin’s message exploded across America that he was, “Mad as Hell and Not Going to Take it Anymore”.

Just over the last few days, some regular readers, such as Coe and BR, have unleashed as never before. I commend them for speaking their minds so eloquently and aggressively. (more…)

Obama Acknowledges Congressional Insider Trading

Posted by Larry Doyle on January 24th, 2012 10:29 PM |

I will readily admit that I find President Obama to often be disingenuous in much of what he is delivering in his State of the Union.

He plays to an American public which remains severely challenged when it comes to financial literacy.

When he speaks about taxes, would he care to lay out why there is a difference between tax rates on long term capital gains versus ordinary income?

Does he know the difference and why the long term capital gains rate is lower?  (more…)

Did Allen Stanford “Forget” State Secrets? Come On!!

Posted by Larry Doyle on January 23rd, 2012 10:09 PM |

Remember Allen Stanford?

Yes, we have waited close to three years for the once, but now dethroned, Sir Allen Stanford to come to trial for the charges brought against him in his management of a supposed Ponzi-scheme centered within his bank in Antigua.

While I imagine most readers of this blog certainly remember Allen Stanford quite well, the key question to be addressed in this trial is just how much does Stanford himself remember as to what truly transpired within his operation.

Scratching your head? Let’s navigate.   (more…)

Will Principal Reduction Save Housing?

Posted by Larry Doyle on January 23rd, 2012 12:53 PM |

While Washington has thrown everything and the kitchen sink to support our banking system and our economy over the last few years, Washington has been unable to prop up our housing market.

What do many in Washington and elsewhere believe needs to be done on the housing front?  (more…)

Book Review: Reckless Endangerment: A Wall Street-Washington Incestuous Legacy and A MUST READ

Posted by Larry Doyle on January 21st, 2012 3:33 PM |

Years from now when people study what led to the greatest economic crisis since the Great Depression, they will have plenty of material to review. This is good.

Unlike our current era in which we clearly failed to learn from past crises, I hope future generations will not only study what led to our current crisis but then actually do something so it is not repeated. We have yet to begin that process.

On that note, let’s start right now to save our collective future. How so?

If we are to save our future, then let’s be brutally honest about our past and our present(more…)

Rick Davis: Economic Navigator Extraordinaire

Posted by Larry Doyle on January 20th, 2012 11:12 AM |

How does one measure the real health of an economy that continues to adjust to massive structural changes and has become dependent on various lines of cheap funding provided by Uncle Sam?

Not easily.

It has been a little while since we have navigated upstream to get a real read on the pulse of our economy from one of our Sense on Cents favorites. I am speaking of Rick Davis of Consumer Metrics Institute, who recently penned a commentary entitled, Taking a Closer Look at Mixed Signals.

Rick always provides fabulous insights, and with this review he once again does not disappoint. His navigation system offers the following . . . (more…)

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