Posted by Larry Doyle on May 31st, 2012 5:33 PM |
It’s the economy, stupid.
Ultimately people vote their pocket book. To that end, this upcoming election should be very, very interesting.
A full three plus years after the onset of our supposed recovery and our economy remains plugged into Ben Bernanke’s life support. The European drag on the global economy is not going away anytime soon. In fact, if exacerbated the European fiasco may very well cause our own economy to fall back into recession.
On this note, how is our economy doing currently? (more…)
Posted by Larry Doyle on May 31st, 2012 7:43 AM |
I am convinced that private colleges and universities will get increasingly squeezed financially over the coming years.
Families are clearly under heightened pressures from both an income and cost of living standpoint. Those pressures are already being factored into the equation as to where to send the kids to college. The prospect of a 50+k/year ticket for a private education looks very unappealing.
Well, one very highly regarded university clearly gets it and has made an aggressive move in dealing with this current market reality. This most competitive institution just launched a program in which undergraduates can get their degree in three years and effectively save 20% in the process. That’s a major market move which will clearly put pressure on its competition.
What school did this and who deserves the credit? (more…)
Posted by Larry Doyle on May 30th, 2012 7:41 AM |
As I pondered what to write this morning, I thought about addressing the 15% pullback in the price of gold over the last three months. What was happening to this supposedly safe haven? Despite this pullback, gold is still up 135% over the last 5 years. Time to look for a more interesting topic.
Let’s turn our gaze to the southeast and address what can only be described as the CRASH of the Atlanta housing market.
While nationwide home prices were down 1.9% over the last 12 months, our home owning friends in Atlanta experienced close to an 18% cliff dive in home values during the same time period. (more…)
Posted by Larry Doyle on May 29th, 2012 5:22 AM |
I somehow overlooked a recent interview in Barron’s with Bridgewater’s Ray Dalio. Having sung his praises more than a few times over the last few years (link here), Dalio once again does not disappoint.
Can a deleveraging process be “beautiful?” Are there strong comparisons between Europe today and the birth of our democracy back in the late 1700’s? What lies ahead for world economies? Might we see more quantitative easing? How long might all this last?
Folks, this interview is a little lengthy but Dalio touches all the bases. If you have any interest whatosever in our global economy and markets, then find the few minutes to absorb the wisdom of Ray Dalio. This “classic sense on cents” is a MUST read . . . (more…)
Posted by Larry Doyle on May 27th, 2012 11:32 AM |
Is there anybody amongst us who does not believe we live in the greatest nation in the world?
Our nations’ greatness is a product of our freedoms. Let us never take gratuitous liberties with our freedoms. Nor should we ever think that freedom is our God given right as American citizens.
So many of our fellow citizens have made and are making the ultimate sacrifice so we may be free.
I salute the veterans who have made this sacrifice and the current members of our armed forces who put themselves in harm’s way so we here at home may have the freedom to pursue our dreams.
On this note, let us ALWAYS remember… (more…)
Posted by Larry Doyle on May 25th, 2012 3:01 AM |
Regular readers of this blog know how passionate I am about quality secondary education.
I detest those in our educational system who practice an agenda that does not put the interests of our children first, second, last, and always. Regrettably, results all too often show that our children suffer at the hands of pathetic people and process.
Call me harsh. I do not much care. Secondary education is clearly one of the most important issues in our nation, and it is all about one group and none other — our children. Or at least it should be. (more…)
Posted by Larry Doyle on May 24th, 2012 4:01 AM |
For an industry that has ongoing and enormous reputational issues, the manner in which the high profile Facebook underwriting was handled is a clear indication that Wall Street has learned very little over the last few years.
Those in the industry can point to the fact that selective disclosures during an IPO process are not illegal. That is a pathetic statement, but one which far too many will utilize to justify — or I should say, rationalize — horrendous business decisions. The WSJ alludes to this reality in writing, Some Big Firms Got Facebook Warning:
It is one of Wall Street’s best-kept secrets: Securities firms are allowed to selectively confer with favored large investing clients about crucial information as they prepare IPOs. (more…)
Posted by Larry Doyle on May 23rd, 2012 6:08 AM |
Almost eight months and still the customers of MF Global both here in America and overseas wait for restitution of their funds . . . and the American public waits for justice.
But this story is passe and it is time to turn the page, correct? On to the 2012 campaign. The war on women. The debate over private equity. Who’s married to whom? Folks, those topics may be worthy of debate, BUT they are sideshows as the theft and destruction of our trust, integrity, and confidence continues. (more…)
Posted by Larry Doyle on May 22nd, 2012 2:10 PM |
Facebook is getting a LOT of attention. As well it should.
An IPO that is down 17% in the first three days of trading will generate a lot of focus.
Everybody loves Facebook. Reconnecting with old friends. Making new friends. The world has gotten very small and very fast with new modern technologies. Which of these capabilities has been more impactful than Facebook? All this said, questions abound about Facebook, including: (more…)
Posted by Larry Doyle on May 22nd, 2012 5:47 AM |
I love listening to and reading the thoughts of well informed financial pros.
All eyes and ears are justifiably tuned in to developments in Greece, Spain, and throughout the EU. Will Greece leave the EU and precipitate runs on the bank in other European nations? Let’s navigate and get the insights from industry insider, Michael Platt of Bluecrest Capital Management.
Platt has received significant attention in the marketplace recently as one of the traders on the other side of JP Morgan’s losing credit bet. Having ‘harpooned’ JP Morgan’s London whale, Platt offers a wealth of valued perspectives on developments in Europe and on the situation at JP Morgan. He was interviewed recently on Bloomberg. (more…)