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HomeARS Update: Calling All Money Market Investors
Posted by Larry Doyle on March 1st, 2012 7:41 AM |
Sallie Krawcheck was formerly president of global wealth and investment management at Bank of America and has also held senior positions at Citigroup and Sanford C. Bernstein & Company. She clearly understands the game.
Krawcheck wrote an excellent piece in The Wall Street Journal yesterday on the risks embedded in money market funds. Her work was largely exemplary, BUT fell short of fully informing readers and investors of risks within these funds. (more…)
Ultimate “Insider Trading” Is a Job for Serpico
Posted by Larry Doyle on February 29th, 2012 6:27 AM |
Michael Douglas? Have we gone totally soft?
Does America need to call on Michael Douglas, as the FBI recently did, to promote that “greed really is not good”?
Call me unimpressed.
Who would Sense on Cents like to see as the 2012 face to counteract insider trading activity on Wall Street? Not Michael Douglas, but more on this later.
There are many others to whom America might care to listen to understand basic virtues and values. That said, while many in America may be somewhat amused to see Douglas’ face on the Wall Street Journal’s front page, let’s get a little more serious on this topic of insider trading. (more…)
Student Loan Debt Bomb’s Collateral Damage
Posted by Larry Doyle on February 28th, 2012 6:46 AM |
The cost of college and the accompanying burden of student loan payments are having an enormous impact across many segments of our economic landscape.
From basic consumer spending habits to decisions on living arrangements and so much more, recent college grads are facing a decidedly different economic future than their counterparts a decade or two ago.
I ask once again, Are Student Loans an Impending Bubble? Is Higher Education a Scam?
Many people in the field do forecast an impending student loan debt bomb. Why should we be concerned? For the very simple reason that the bomb is ENORMOUS!! (more…)
MF Global Customer Makes Impassioned Plea Recommended
Posted by Larry Doyle on February 27th, 2012 8:27 AM |
How are MF Global customers supposed to protect themselves when financial regulators and our legislative bodies show themselves to be incapable of performing that basic duty?
Those engaged in the unseemly acts of Wall Street-Washington Incest have shown their true colors in allowing the most innocent of investors in our nation to be trampled. How un-American of them. That said, while our incestuous ‘friends’ may leak stories over the weekend indicating that the MF Global fight for justice is largely over, let us show them that the fight has only just begun. How might we do so?
Let’s get very specific and highlight an impassioned plea by an MF Global customer who is crying out for help. Sense on Cents welcomes providing a forum to do just that. (more…)
Jeremy Grantham Pens a Sense on Cents Classic
Posted by Larry Doyle on February 26th, 2012 4:00 PM |
Every now and then I come across a piece of research that resonates so strongly with my beliefs and also outlines my hopes and desires for launching Sense on Cents. I thank the regular reader who shared just such a piece with me earlier this week.
I exhort you to save this commentary so you can savor the wisdom provided by one of the greatest financial minds in the world today. Of whom do I speak? Jeremy Grantham.
I provide some appetizers from Grantham’s work to excite you to read and share his entire work to which I link at the end. It does not get better than this!!
Jeremy Grantham provides investment advice, his take on the shortcomings of capitalism, and his investing observations for 2012 in this three-part “Longest Quarterly Letter Ever:” (more…)
Is Jon Corzine “Too Big to Indict”? Part VII
Posted by Larry Doyle on February 25th, 2012 9:07 AM |
Four full months have passed and MF Global customers are still out a reported ~$1.6 billion.
How are these individuals and entities surviving? Will they ever see a return of their funds? Will the public ever learn what truly happened in those fateful days and hours when this firm went down the tubes?
Don’t hold your breath.
In a not unsurprising manner, we receive word on a late Friday afternoon that the investigation into the MF Global demise may be little more than a case of sloppy controls and compliance. Is this to be believed? (more…)
A ‘Sensible’ Outline for Housing Solution
Posted by Larry Doyle on February 24th, 2012 6:54 AM |
All reports to the contrary, unless and until our housing market stabilizes you can rest assured our economy is NOT going to rebound in a meaningful fashion anytime soon.
A wide array of government sponsored mortgage programs to date have yielded very limited support. Uncle Sam has written checks and violated many a moral hazard via these programs, but has very little to show for it in return.
As we enter into 2012, the markets for purchasing versus rental in many geographic regions of our nation are dramatically different. Might a program which promotes converting current foreclosures to rental properties be viable? (more…)
Goldman’s van Praag: “People Don’t Understand”
Posted by Larry Doyle on February 23rd, 2012 12:58 PM |
“You can’t regulate and legislate for greed and stupidity.”
In the course of a riveting 30+ minute interview, soon to depart public relations chief Lucas van Praag of Goldman Sachs made the above point and many more as he spoke openly and extemporaneously on a number of topics.
The fascinating dynamic at work in this interview with the Dutch television program Tegenlicht is the fact that van Praag does not seem to fully appreciate that he is being taped. Much of what van Praag addresses would seem to toe the Goldman party line, but he does speak in such a matter of fact style that we learn a lot about the mentality and culture at work inside the offices of Goldman Sachs.
What are some of the general themes of van Praag’s commentary? (more…)
Profiles in Courage Blowing the Whistle
Posted by Larry Doyle on February 22nd, 2012 2:01 PM |
I have crossed paths with some exceptionally interesting people while navigating our economic landscape and writing Sense on Cents over the last few years. These individuals encompass a wide swath of our American population and include investors, economists, lawyers, consumers, small businesspeople, bankers, students, and so many more.
While I admire and respect most of the people with whom I interact, there are a handful who truly occupy a very special place in my heart and in the Sense on Cents Hall of Fame. Who are these people whom I consider true American heroes? (more…)
Larry Doyle: The Jesus-Loving Cult of Rick Santorum
Posted by Larry Doyle on March 1st, 2012 9:45 AM |
“I thought Sense on Cents was a blog to navigate the economic landscape?”
Relax, folks. I have not gone mad and Sense on Cents is not changing its primary goals of promoting investor education and investor protection.
That said, I am compelled to digress in this one commentary given some recent messages I have received in response to a commentary run at the Huffington Post written by a Larry Doyle entitled The Jesus-Eating Cult of Rick Santorum.
Doyle spews forth some truly vile comments which do little to promote a sense of decency in our nation. (more…)
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