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HomeNo Quarter Radio’s Sense on Cents Welcomes Back Joe Saluzzi
Posted by Larry Doyle on May 22nd, 2010 10:00 AM |
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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What really happened in the markets on Thursday May 6th? Can regulators truly address the underlying issues that caused the ‘flash crash’ or are our equity exchanges fundamentally and structurally broken?
How can you protect yourself in the face of such unbelievable volatility? Who benefits and who loses in the face of this volatility?
Will circuit breakers proposed by regulators work? Will we witness more days like May 6th?
If you have any interest in our markets and our economy, you will not want to miss my show this Sunday evening from 8-9pm ET as No Quarter Radio’s Sense on Cents with Larry Doyle Welcomes Back Joe Saluzzi. >>>> (more…)
If Andrew Cuomo Is Such a Tough Guy, Then…
Posted by Larry Doyle on May 21st, 2010 1:33 PM |
NY Attorney General Andrew Cuomo
The Wall Street Journal reports today that Andrew Cuomo will be exceptionally tough with legislators who do not play ball with him if and when he is governor of New York. How might Cuomo display his toughness? Cuomo’s Message: Dont Cross Me highlights:
As Democrats in Albany prepare to celebrate the kickoff of Andrew Cuomo’s campaign for governor next week, Mr. Cuomo is quietly putting out the word that if he’s elected lawmakers who resist his agenda will be punished. (more…)
“The SEC: Designed for Failure”
Posted by Larry Doyle on May 20th, 2010 4:08 PM |
Thank you to a loyal Sense on Cents reader for providing a recently released report by the U. S. House of Representatives Committee on Oversight and Government Reform entitled The SEC: Designed for Failure.
Much of what the American public has been fed about the SEC has been produced by the SEC itself. With all due respect to SEC Office of Inspector General David Kotz, who is widely respected, the other internal reports produced by the SEC have the stamp of career regulator Mary Schapiro. Regular readers of Sense on Cents know I have little regard for Mary.
This Congressional committee is led by Darrell Issa (R-CA). The report highlights that amongst the SEC’s issues, a lack of funding was not one of them. What else did the report find? What does it recommend?
Executive Summary (more…)
Charting the Dow
Posted by Larry Doyle on May 20th, 2010 2:44 PM |
While financial media and the financial industry tend to focus on the day to day, I believe we are far better served to look at the big picture and chart the major market averages over a longer time frame. To that end, what does a 3 year chart of the Dow tell us? Let’s navigate.
The Dow topped out at slightly over the 14000 level in the 4th quarter of 2007. We bottomed at approximately 6600 in March 2009. The Dow moved to a recent high of approximately 11,300 and is now trading at 10,200.
What do these numbers represent? (more…)
Coe Provides Sense on Cents
Posted by Larry Doyle on May 20th, 2010 10:32 AM |
In light of my initial commentary this morning, “Obama Political Pandering on AZ Immigration Law Represents Real Risk to U.S. Dollar,” I am compelled to further highlight this issue by drawing attention to a comment left by Coe, a loyal Sense on Cents reader. Coe writes:
The lines, LD, between politics and economics are now and forever blurred…I listened to some commentary from the AZ Governor, speaking directly to the “costs” associated with our politically/economically misguided immigration sensibilities and lack of border controls – simply staggering – community services, education, law & disorder, incarceration, health care, housing…and then factor in the hidden but very real costs of violence, drugs, prostitution, kidnapping..and all the rest of the story…I’m no expert on this topic, and believe in the intrinsic dignity of man, but when the President and his henchman pursue this path from the bully pulpit, it’s bad enough as political pandering, but it’s even worse in that they believe their own words…somebody always must be demonized on the home team in Obama’s version of leadership of “We the People” – if it’s not the bankers in financial matters, it’s the insurers in health care, it’s the Republicans on virtually everything, and it’s certainly this poor woman, Jan Brewer, the Governor of Arizona, who is only trying to do exactly what she was elected to do – represent the interests of the citizens of her state – all the legal citizens of her state that is…take a lesson, Mr. President!!!!
I commend Coe for further elevating this topic while embracing a wide array of the underlying issues. Our President and his administration would be wise to do the same. Coe has done all of us a real service and provided a wealth of sense on cents.
LD
Sense on Cents Repeats, ‘The Most Critical Economic Statistic’
Posted by Larry Doyle on May 19th, 2010 2:49 PM |
Economic progress? Green shoots (remember those)? Improving fundamentals? Stop it.
I remain an eternal and enthusiastic optimist, but I hold particular contempt for those in our media and our markets who will neither look for nor embrace the truth.
In my opinion, America has allowed itself to be numbed by those in Washington who put forth snapshots of economic data with little regard for the big picture. The financial media enables the Washington ‘facade’ under the guise ‘if we don’t highlight the truth, perhaps we can avoid it.’
Life does not work that way. (more…)
Volcker: American ‘Lack of Urgency’ Will Cripple Us
Posted by Larry Doyle on May 19th, 2010 11:30 AM |
Paul Volcker
We’re different, right? The economic problems in Greece and other nations within the EU are their problems and not ours. Really? In my opinion, Americans are far too complacent regarding our economic problems. We shouldn’t be.
Will the economic, political, and civil waves of unrest rolling across Europe come ashore here in America? It is only a matter of time unless those in Washington charged with addressing the underlying issues take swift action. I have seen zero inclination and political will to do just that. Our Washington elite are so used to feeding at the trough that they would not know how to pull themselves away. How is America responding to these fat pigs?
Rogoff: EU Bailout Will Not Stop Defaults
Posted by Larry Doyle on May 19th, 2010 8:57 AM |
Kenneth Rogoff
Shock and awe? The trillion dollar bailout of the debt-ridden nations within the EU was supposed to backstop the Euro and put investors at ease. As of this juncture, the politicians and central bankers are likely the only individuals left shocked and awed.
Rather than writing checks and overpaying for debt, perhaps these politicos and their central banker friends should call on those who have studied global economic and financial crises. Like who? Harvard’s Kenneth Rogoff, who pointedly details that the very structure of the EU-bailout will be insufficient in forestalling defaults within the EU. (more…)
