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HomeWhat Would John Maynard Keynes Do Now?
Posted by Larry Doyle on June 8th, 2010 7:41 AM |
John Maynard Keynes
What now?
As G20 nations around the world retreat from policies of continued coordinated fiscal stimulus, the question begs, what does the future hold for a world awash in crushing levels of overwhelming debt? Is the United States the only nation willing to stick to the script of classic Keynesian economics?
If only we could go back in time and ask John Maynard Keynes, the economic giant amongst economic giants, what he would propose now? Would Keynes stick to his classic Keynesian economics script at this juncture? Could Keynes ever have envisioned a world awash in so much debt? (more…)
Financial Crisis Inquiry Commission Subpoenas Goldman Sachs
Posted by Larry Doyle on June 7th, 2010 3:32 PM |
Talk is cheap!!
Lloyd Blankfein can talk all he wants about how he will implement needed changes at Goldman but Lloyd, “actions talk, bulls&*@ walks.” Why am I calling Lloyd and the Goldman crowd out once again? The Wall Street Journal highlights, Crisis Panel Subpoenas Goldman Sachs,
The bipartisan commission investigating the U.S. financial crisis said Monday it issued a subpoena to Goldman Sachs Group Inc. for failing to provide information in a timely manner. (more…)
Goldman’s Reputation Bombs in China
Posted by Larry Doyle on June 7th, 2010 2:32 PM |
I have written extensively on the impact of a lousy reputation. No firm on Wall Street is feeling the sting of a questionable reputation more than Goldman Sachs. If Goldman thought it could quarantine its lousy reputation to the Western Hemisphere, Lloyd Blankfein and team need to think again.
As the Financial Times highlights, Goldman Stung by Backlash in China,
Public criticism of Goldman Sachs has come to China, where the bank has been attacked in the state-controlled media. (more…)
G20 and US: Going Separate Ways Highlights Prisoner’s Dilemma
Posted by Larry Doyle on June 7th, 2010 8:25 AM |
As we continue navigating the global economic landscape, national interests are now overwhelming coordinated global interests. How so?
Unlike the coordinated message at the widely publicized 2009 G20 summit held in London, the clashing of widely divergent national views at the 2010 G20 meeting held in Busan, South Korea is hardly melodious. The implications for global markets will be enormous.
Last year, the U.S. swapped all sorts of favors for a coordinated global fiscal stimulus; this year, the U.S., represented by Treasury Secretary Tim Geithner, is receiving the cold shoulder. Finance ministers from around the world are happy to go their own way in pursuit of what they believe to be their national interests. Can you blame them? (more…)
From the Archives: Lessons from Coach Wooden
Posted by Larry Doyle on June 5th, 2010 7:22 PM |
I can not properly express how much I truly admire John Wooden. I cherish his approach to life. With his passing yesterday, my respect for him as a man dictates that I rerun this commentary and video which I originally posted last November. The world and our country need more men like Coach Wooden. May he rest in peace as he is reconnected with the love of his life, his beloved Nell. I hope you will ponder John Wooden’s message in the embedded video and incorporate his principles on life into your lives. The greatness of John Wooden will live forever. LD
The measure of real value is whether something can stand the test of time. While certain individuals, products, or principles appreciate over time, others dim as time passes. Society also has a funny way of embracing new and valued concepts in an attempt to market and materialize definitions of happiness.
In the midst of the noise and volatility of our current financial market and economic landscape, I treasure those principles which are often overlooked and under-appreciated. These principles include: discipline, simplicity, selflessness, loyalty, drive, humility, relationships, integrity, love. While without being judgmental it is not difficult to identify individuals or situations lacking these timeless traits, how often are we able to identify individuals or situations embracing these characteristics? (more…)
No Quarter Radio’s Sense on Cents with Larry Doyle Welcomes Michael Shulman
Posted by Larry Doyle on June 4th, 2010 1:12 PM |
UPDATE: This episode of NQR’s Sense on Cents with Larry Doyle has concluded. You can listen to a recording of the episode in its entirety by clicking the play button on the audio player provided below. Once the audio begins, you can advance or rewind to any portion of the episode by clicking at any point along the play bar.
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Is the market overvalued? Have we merely created another bubble? How do we measure if a stock or the market is ‘all bubbled up?’ Well, you have come to the right place as this Sunday evening (8-9pm ET) No Quarter Radio’s Sense on Cents with Larry Doyle Welcomes Michael Shulman.
Who is Michael Shulman? A fellow contributing author at Seeking Alpha, from which we learn:
Michael Shulman is the Editor of Michael Shulman’s Short Side Trader, a newsletter advisory service published by Investor Place Media. The service guides individual investors on the short side of the stock market. He is also the author of Sell Short (published by John Wiley, 2009). Mr. Shulman served as Managing Director of Research for ChangeWave Research for four years where he produced technology and healthcare research for financial institutions. (more…)
Michael Shulman Provides Sense on Cents
Posted by Larry Doyle on June 4th, 2010 5:53 AM |
In my navigating the economic landscape, I have had the great fortune to meet some fascinating individuals. I thoroughly enjoy bringing the wisdom of these individuals to Sense on Cents. I recently crossed paths with an expert on shorting stocks. Who is this expert? Michael Shulman.
I will be hosting Michael this Sunday evening on No Quarter Radio’s Sense on Cents with Larry Doyle from 8-9pm ET.
In anticipation of that show, prudence dictates we get a healthy dose of sense on cents from Michael. He recently wrote at Seeking Alpha on the perils within the EU. What does Michael foresee? Let’s take a look at Michael’s commentary, Shorting the Euro Crisis, Shorting the Banks:
The debate about the euro crisis is now in our face, on television and on the front pages of newspapers – much of it among pundits who know too little and say too much. What all investors know is banks with too much sovereign debt are not going to be looked at kindly by investors. (more…)
