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HomeMary Schapiro’s Concern with Her Legacy
Posted by Larry Doyle on December 3rd, 2012 8:19 AM |
Why is it that America suffers from a very real lack of leadership?
Many reasons, starting with the fact that we do not have many real leaders in the truest sense of the word. The lack of leadership goes beyond that, though. Regrettably, far too many of those charged with leading our nation are too concerned with appearances rather than standing on principle and doing the right thing. These people are not leaders. They are politicians and they get bought and sold everyday.
I shook my head this weekend when I read how our soon to depart “leader” of the SEC is concerned about her legacy in relation to pending implementation of the JOBS Act. Folks, you cannot make this stuff up. (I recommend a second barf bag before reading any further.) (more…)
Weekend Reading: Let’s Meet Jeff Gundlach
Posted by Larry Doyle on December 1st, 2012 9:00 AM |
Wall Street.
The world of finance is largely centered on this American institution. In thinking of finance and markets, many are prone to think of annualized returns, measures of volatility, economic models, and so many more statistical facts and figures.
Robust numerical analysis is critically important to successfully navigating our economic landscape. While the numbers are important, from my standpoint, what makes Wall Street truly interesting are the people.
Let’s meet one of Wall Street’s sharpest minds and perpetual top portfolio managers, Doubleline’s Jeff Gundlach, who was profiled recently by Bloomberg. Gundlach has lots to say and never disappoints. What lies ahead on our economic landscape and how will that play out in our markets?
Let’s Revisit: Will Uncle Sam Takeover Your IRA? Part II
Posted by Larry Doyle on November 29th, 2012 2:53 PM |
With so much attention on the fiscal cliff and how Congress might address the issues surrounding our deficit, this commentary from this past April is going absolutely viral throughout the blogosphere today. I welcome reposting it. LD
Those engaged in massive strategic maneuvers know all too well that progress is typically made not in one fell swoop but painstakingly inch by inch.
With deficits beyond the scope of imagination but oh so very real, I cautioned people to keep a watchful eye on Uncle Sam. Where might the old man go to beg, borrow, or steal money to fill that enormous fiscal hole? Your retirement accounts. (more…)
Carson Block Drills the Chinese Govt and More!!
Posted by Larry Doyle on November 29th, 2012 7:52 AM |
Sense on Cents welcomes the opportunity to promote those who boldly speak truth to power. While the market has a funny way of exposing frauds, the exposing of financial artifice can be facilitated by those who dig through books, records, and accounting statements. No question that our government has failed us often on these fronts. One who is making a real name for himself in this practice is Carson Block and his firm Muddy Waters.
Last week Block dropped his most recent bombshell on a Singapore-based commodities firm named Olam. The firm is fighting back and quickly launched a suit against the not easily scared Mr. Block who took his case against Olam to the airwaves in an interview on Bloomberg. This 12-minute clip is a “GREAT VIEW” as the indefatigable short seller not only calls out those at Olam but also zings the Chinese government for now more aggressively supporting the business practices of financial frauds within the People’s Republic. What else does Mr. Block address? (more…)
‘Save My 401(k)’
Posted by Larry Doyle on November 28th, 2012 4:46 AM |
No single topic has received as much traffic here at Sense on Cents as commentaries I have run over the last few years regarding the potential takeover of or infringement upon our personal retirement accounts by Uncle Sam.
Well, with the fiscal cliff staring us right in the face and Uncle Sam increasingly squeezed for that do-re-mi, the Old Man would seem to have his eyes right back on those retirement accounts. How so? (more…)
Mary Schapiro: How Do The Disaffected Feel?
Posted by Larry Doyle on November 27th, 2012 9:06 AM |
Her departure a full year before the end of her five year term has been met with standard gratuitous comments by many in the financial industry, atop Capitol Hill, and in the press.
What do I think of the reviews of Ms. Schapiro’s tenure at the SEC? (more…)
David Malpass’ Fiscal Cliff Playbook and Likely Outcome
Posted by Larry Doyle on November 26th, 2012 8:54 AM |
Both political parties in Washington have provided plenty of posturing but little of real substance publicly in terms of what might happen in the negotiations over the impending fiscal cliff. Do you get the sense that we are facing a train wreck precipitating a real economic recession under the watchful eyes of incompetent political engineers?
What are the real issues on the table and the potential likely scenarios that may play out? Forget the noise provided by the political pundits. Let’s review the “fiscal cliff playbook” and likely outcome as outlined by Encima Global’s David Malpass,
Rather than one cliff, the U.S. is facing a continual set of fiscal problems on both the spending and tax side. They won’t be resolved in the December lame duck session and will weigh heavily on business investment and jobs into 2013.
We expect a limited year-end deal which leaves many large tax increases, tax uncertainty and complexity, and another divisive debt limit battle early in 2013. (more…)
Interview on Main Street Out Loud from 5-7PM
Posted by Larry Doyle on November 24th, 2012 4:06 PM |
I hope everybody had a nice Thanksgiving holiday with family and friends.
Prior to people heading out for a Saturday night or perhaps taking in the Notre Dame Fightin’ Irish vs the USC Trojans, please listen in as I will be speaking with Rudi K on Main Street Out Loud this afternoon from 5-7pm.
Rudi hosts one of the most widely followed radio shows in America and is graciously having me back on to address a host of issues for the full two hours from 5-7pm EST.
I will pull no punches in promoting our prized virtues of truth, transparency, and integrity. (more…)
Happy Thanksgiving 2012!!
Posted by Larry Doyle on November 21st, 2012 7:29 PM |
I liked the video clip in this post so much from last year that I welcome rerunning it again!! Happy Thanksgiving to all. Thank you to all those who visit Sense on Cents and share your wisdom and passion with me. LD
As people travel short and long distances to be with family and friends for this Thanksgiving holiday, I hope everybody arrives safe and sound and will enjoy the blessings and happiness that come from being with the ones you love. (more…)
Washington: Not Serious About the Deficit
Posted by Larry Doyle on November 30th, 2012 6:58 AM |
While America is fed a daily diet of fiscal diarrhea from the politicians and their spokesmen, Peterson remains one of the few adults in and around Washington when it comes to the topic of confronting the fiscal cliff and more importantly our fiscal deficit.
“Fiscal diarrhea, LD? Did you really have to go there, especially on a Friday morning?”
Yes, fiscal diarrhea. How else is one to describe the package and remnants left for us recently by Treasury Secretary Tim Geithner, as highlighted in this interview with Bloomberg’s Al Hunt, (more…)
Tags: Democrats initial offer for fiscal cliff, fiscal cliff negotiations, fiscal diarrhea, fiscal integrity, Geithner on debt ceiling, Larry Doyle Sense on Cents, negotiations over deficit, negotiations over fiscal cliff, Obama offer for fiscal cliff, Pete Peterson, Pete Peterson Foundation, Tim geithner comment on debt ceiling, Tim Geithner debt ceiling, Treasury secretary Geithner on debt ceiling
Posted in Deficit, General | 14 Comments »