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HomeIn 30 Minutes, Join No Quarter Radio’s “Sense on Cents with Larry Doyle”
Posted by Larry Doyle on March 22nd, 2009 7:30 PM |
Join me from 8:00 to 9:00 p.m. ET on No Quarter Radio for Sense on Cents with Larry Doyle. These are truly historic times in the global economy. Let’s “navigate the economic landscape” without the pandering or nonsense found elsewhere! With the stock market near 12 year lows, what is driving the flows? What is truly going on in the economy? Where are markets headed? What is happening in Washington and how is that impacting Wall Street? So much to cover.
Tonight I will talk with Chuck Doyle of Business Capital in San Francisco. Chuck is one of the leading professionals in the field of debt restructuring and recapitalization, and he has been highlighted regularly in major media outlets including The Wall Street Journal and CNN. In the midst of our current economic turmoil, this conversation will be both timely and enlightening.
The developments in the markets, economy, global finance, Wall Street, and Washington are occurring at breakneck speed. I will try to slow things down a bit and provide a sense of perspective. What did we learn in the markets over the last week and month and what do they mean for the weeks and months ahead? What is happening overseas and how does that impact us here at home? What is happening in the municipal sector and how will that impact the markets and our personal finances?
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Tune in to No Quarter Radio’s “Sense on Cents with Larry Doyle”
Posted by Larry Doyle on March 22nd, 2009 9:35 AM |
Please join us this evening from 8-9 p.m. ET for No Quarter Radio’s Sense on Cents with Larry Doyle. With the stock market near 12 year lows, what is driving 
the flows? What is truly going on in the economy? Where are markets headed? Given the Washington political circus, how will new legislation impact the future of Wall Street? So much to cover.
Additionally, I will talk with Chuck Doyle of Business Capital in San Francisco. Chuck is one of the leading professionals in the field of debt restructuring and recapitalization, and he has been highlighted regularly in major media outlets including The Wall Street Journal and CNN. In the midst of our current economic turmoil, this conversation will be both timely and enlightening.
These are truly historic times in the global economy. Let’s “navigate the economic landscape” without the pandering or nonsense found elsewhere! What is on your mind? What would you like to address? Please share your questions and thoughts by calling in to (347) 677-0792, and also join our live chat room, which I’ll start up about 10 minutes before the show begins!
As a reminder, all NO QUARTER RADIO programming is archived and can be played back at any time. Just go to the NO QUARTER RADIO site and look for previous episodes. In addition, each program is available as a podcast on iTunes.
Many thanks to Larry Johnson and the rest of the team at No Quarter USA blog for providing such a vibrant vehicle as NO QUARTER RADIO. I look forward to having you join me Sunday evening as we collectively navigate the economic landscape!!
A New TARP Plan
Posted by Larry Doyle on March 21st, 2009 9:13 PM |
Cartoon by Walt Handelsman, Newsday
Are We Turning Japanese?
Posted by Larry Doyle on March 21st, 2009 4:08 PM |
Many market participants and economists are very concerned that the United States has made many of the same economic blunders experienced by Japan during the 1990s. Japan experienced a period known as “The Lost Decade.”
Are decisions now being made in Washington a precursor to a similar scenario here in the United States? Many people think so. A friend shared a piece which highlights some of the major social and economic problems in Japan. Obviously the United States has a far different culture, society, and economic base than Japan, but will our fiscal deficits and our current policies lead us in the same direction as Japan? This piece, written by Tom Dyson, touches upon some of the social and economic dynamics at work in Japan. I think it will cause you to pause and reflect on our situation here in the United States. Are we making decisions and enacting policies which will cause a similar outcome? (more…)
Confidence
Posted by Larry Doyle on March 21st, 2009 10:07 AM |
Our economy, markets, and global finance are impacted by a wide array of factors. While various analysts will focus on the differing magnitudes of a variety of these factors, I know of nobody who would not say that ultimately the greatest factor of all is “confidence”. While there is a monthly Consumer Confidence Survey generated by the University of Michigan, confidence is not measured by hard data.
Regrettably, we are currently suffering a crisis of confidence. The crowd in Washington has not helped instill confidence with its scattered approach to legislation and policy.
Over and above the problems in Washington, our global economy is suffering from increasing protectionist measures. Our current administration may talk about free trade and open markets, but their actions speak otherwise. Those actions impact global confidence. Other countries and regions are equally guilty of the same issues. (more…)
Telling It Like It Is
Posted by Larry Doyle on March 20th, 2009 5:32 PM |
I am neither a Democrat, nor a Republican. Amidst all the pandering and nonsense, I think it is beneficial to get a clear review and hear someone tell it like it is. Rep. Thaddeus McCotter (R-Michigan) does a very good job.
Shame on everyone involved in Washington for a poorly written Stimulus Bill, and an equally poor legislative process.
Closer to Home: Let’s Talk About Municipal Finance
Posted by Larry Doyle on March 20th, 2009 12:29 PM |
It appears that almost every financial road lately leads to Washington. Wall Street banks, Detroit based automotive companies, and large insurance companies have all come to Washington to find the financial support that private markets will not provide. Although these large behemoths have attracted the bulk of the media’s attention, the financial health and well being of our state and local municipalities has an equal, if not greater, impact on our personal lives and financial standing.
With municipal pensions rocked by the selloff in the stock market and tax revenues declining as incomes plummet, what will happen to our state and local budgets? Virtually every municipality in the country is faced with the same predicament – that is, rising liabilities and declining asset values and revenues. How do they handle that widening budget deficit? Increased layoffs and rising tax rates both put a greater burden on our communities but they are a reality. (more…)
Gimme Credit
Posted by Larry Doyle on March 20th, 2009 8:56 AM |
In the midst of all the wrangling in Washington, Wall Street, and literally all around the world, the biggest concern for everyday Americans is the accessibility of credit. I am sure everybody reading this post has either had issues gaining credit or knows of people who have had issues gaining credit. The knee jerk reaction for this lack of credit is to lash out at those big, bad banks. Well, those big, bad banks along with their smaller counterparts only provide approximately 50% of the consumer credit in our economy.
Where did the other 50% of credit emanate and where did it go? Welcome to the world of asset-based financing and in turn Asset-Backed Securities. I highlighted back on November 12th that the Wall Street Model is Broken…and Won’t Soon Be Fixed. Well, the breakdown and discontinuation of the ABS market is truly the equivalent of the total collapse of one of your lungs. Try to go about your daily business and all of your activities with access to only half the oxygen supply as normal. Might get a little winded? Might struggle to perform? Might tire rather quickly? Might be less efficient and productive? Well, folks, given the shutdown of the ABS market that is exactly what our economy has been experiencing. (more…)
Kangaroo Court . . . MUST READ!!
Posted by Larry Doyle on March 19th, 2009 4:20 PM |
The kangaroo court on Capitol Hill just passed a bill to tax bonus payments at a 90% rate for employees (with family incomes in excess of $250,000) of AIG and other firms that received $5 billion or more in government bailouts. In my opinion, 
this piece of legislation is a poorly constructed means of recapturing government funds.
I have previously stated that firms which were truly bailed out by the government should be subject to strict government compensation controls. A number of firms – such as Northern Trust, JP Morgan, Wells Fargo, and Goldman Sachs – were compelled to take government funds. If employees of these firms are subject to this tax, it will be a travesty and injustice of unprecedented proportions. I believe that Congress is unknowingly escalating class warfare amidst a facade and charade of protecting the public. I believe we will see public outrage from employees at these firms (JP Morgan, Northern Trust, Goldman, Wells Fargo) that can only be rivaled by our forefathers back in the 1770s. This tax is another means of promoting the income redistribution upon which Obama ran his campaign. Taxation without representation is tyranny!!! (more…)
