Archive for the ‘General’ Category
Posted by Larry Doyle on October 7th, 2011 11:53 AM |
Is Wall Street the center of all the problems in America?
Many of those involved in the “Occupy Wall Street’ demonstrations may think so.
I strongly believe that they are wrong.
Those with a keen ‘sense on cents‘ understand that Wall Street does embody part of our national problems. They also appreciate that the stench that overhangs Wall Street is consistent with an incestuous and far stronger odor emanating from Washington. (more…)
Tags: ARS, Barack Obama, Barack Obama Franklin Raines James Johnson, Barney Frank, Chris Dodd, Chuck Schumer, demonstrations on Wall Street, Fannie Mae, FINRA, frustration in America, John Kerry, Larry Doyle, Mary Schapiro, occupy wall street, Occupy Washington, quid pro quo, regulatory capture, Richard Ketchum, Sense on Cents, truth transparency and integrity, Wall Street and Washington relationship, Wall Street demonstrations, Wall Street regulations, Wall Street's greatest scam, Wall Street's relationship with Washington, Wall Street-Washington incest, who is backing Occupy Wall Street, why are they demonstrating on Wall Street
Posted in General | 11 Comments »
Posted by Larry Doyle on October 6th, 2011 10:39 AM |
Information is everything.
Access to information combined with fair and open markets are cornerstones of our free market capitalist system. With our economy continuing to lag, I have witnessed an increase in the stifling of the truth.
Without the truth, how can our economy and our markets recover from the fundamentally broken state in which they currently operate?
I am not so naive to think that there have not been forces at work for a protracted period which profit from intentional obfuscation of economic and market related information. I also would never denigrate the many great people in our nation who play by the rules and understand how to navigate the pitfalls and shortcomings within fundamentally broken markets.
(more…)
Tags: abuse of capitalism, free and fair markets, our economy is fundamentally broken, our markets are fundamentally broken, our system is broken, profit over principle, pursuing the truth, pursuit of the truth, stifling the truth, the truth shall set you free
Posted in General | 10 Comments »
Posted by Larry Doyle on September 7th, 2011 11:05 AM |
Having traversed a wide part of the country over the last three weeks, I would have hoped that my first post back here at Sense on Cents would encompass a sense of vim and vigor that may electrify those reading this.
Sorry to disappoint but the simple fact is the recent developments along our economic and market landscape do not strike me as energizing or as anything new.
The daily swings in the markets may be unnerving but they strike me as merely a reflection of the fact that the “walking pneumonia” which defines our domestic economy—and many parts of the global economy as well—is settling ever deeper into our lungs. (more…)
Tags: did Wall Street violate the racketeering act, economic and market updates september 2011, Federal Reserve policy of the twist, jimmy hoffa barack obama promoting class warfare, jimmy hoffa labor day comments, mortgage suit against banks, pursuit of the truth, Sense on Cents, the more things change the more they stay the same, what is new with the economy september 2011
Posted in General | 10 Comments »
Posted by Larry Doyle on August 17th, 2011 4:33 PM |
BOMBSHELL!!!
Since early 2009 I have written at length about the regulatory capture that has dominated the financial industry. I have defined this concept in layman’s terms as the Wall Street-Washington incest. Today a close friend and regular reader of Sense on Cents shares a story which blows the cover off this incest.
This story is written by Rolling Stone’s Matt Taibbi, perhaps Wall Street’s greatest nemesis. I commend him and those from whom he has sourced this information to have the courage of their conviction and the embodiment of the true American spirit to bring this story to light.
I ardently believe this expose should lead to public Congressional hearings and ultimately a federal judicial inquiry. Might it be the beginning of the end for Mary Schapiro? (more…)
Tags: Adam Storch SEC coverup, Darcy Flynn and Gary Aguirre, Darcy Flynn whistleblower, destruction of records at SEC, did SEC destroy records, Harry Markopolos, helping whistleblowers, insider trading on Wall Street, is Wall Street on the up and up, jesse Lee Obama communications director, Mary Schapiro, Matt taibbi Is the SEC Covering Up Wall Street's Crimes?, matter under investigation, POGO, regulatory capture, Robert Khuzami, Rolling Stone's Matt Taibbi, SEC and SAC, SEC Attorney Darcy Flynn, SEC destruction of Bernie Madoff records, SEC destruction of material, SEC destruction of records Goldman Sachs, SEC destruction of records of insider trading, SEC Deutsche Bank, SEC records on Bernie Madoff, SEC revolving door, Wall Street-Washington incest, what is a MUI, who is Darcy Flynn, will Mary Schapiro leave the SEC, will Mary Schapiro step down, will Obama replace Mary Schapiro
Posted in General | 19 Comments »
Posted by Larry Doyle on August 16th, 2011 10:20 AM |
With a number of items on my calendar over the next few weeks, I am taking a sabbatical from Sense on Cents for the balance of the month.
While I may not be providing regular commentary, I hope you may want to avail yourself of some of the fabulous resources which I have collated here.
These links are integral to our efforts to help people ‘navigate the economic landscape’. The links include the following: (more…)
Tags: financial websites, Larry Doyle, market websites, navigate accordingly, Sense on Cents, Sense on Cents Career Planning, Sense on Cents Economic All Stars, Sense on Cents Financial Primers, Sense on Cents media appearances, Sense on Cents radio interviews, Sense on Cents Watchdogs, website to learn about the economy, websites to learn about the markets
Posted in General | 10 Comments »
Posted by Larry Doyle on August 15th, 2011 6:00 AM |
The twists and turns in the ongoing saga of the auction-rate securities nightmare are replete with some of the most gut-wrenching personal stories I have experienced.
Regulators like to trumpet the progress made on cleaning up the ARS mess over the years.
Let’s hold the applause for these regulators because a full three and a half years have passed and approximately $100 billion remains frozen in those ARS which were pitched as cash surrogate, money market equivalent securities.
Over and above the cash, little attention is paid by the media or others to elevate and expose the personal nightmares of those individuals and businesses which continue to hold these frozen ARS. (more…)
Tags: ARPS, ARS, ARS scam, ARS scandal, ARS settlements, Auction Rate Securities, Auction Rate Securities scandal, how to get my ARS money back, Jefferson County Alabama Water & Sewer Bonds, Jefferson County potential bankruptcy, Morgan Keegan Acceptance Form, Morgan Keegan ARS Jefferson County, Morgan Keegan ARS update, Morgan Keegan Jefferson County retail investors, Morgan Keegan Joe Barkley, Raymond James Jefferson County ARS, retail ARS investors, return of ARS funds, return of frozen ARS funds, SEC and FINRA ARS settlements, when will I get my ARS funds back, will Jefferson County declare bankruptcy
Posted in ARPS, ARS, Auction Rate Securities scandal, General | 6 Comments »
Posted by Larry Doyle on August 11th, 2011 9:01 AM |
Recent market volatility is clearly unnerving.
I believe the volatility is exacerbated by the general decline in broad based participation in the markets over the last few years. Additionally, the growth in derivatives, both within the equity and fixed income markets, has served to accentuate the swings.
I described these swings and the accompanying spike in volatility as the equivalent of an Adult Swim Only a few days ago when I wrote, What Caused the Market Meltdown?.
What are the implications for a market in which there is a lack of broad based participation?
To an ever increasing extent, professional traders study the charts and perform technical analysis to determine likely levels of support and resistance.
On that note, let’s navigate and review a chart of the Dow Jones Industrial Average which takes us back 5 years and provides a fabulous view of the recent cliff dive along our market landscape. (more…)
Tags: 5 year chart of the DJIA, Adult Swim only, chart analysis, chart of equity markets, charts of stock market, classic head and shoulders, graph of the DJIA, growth in derivatives, head and shoulders, head and shoulders formation bd, market patterns, market volatility, professional trading, technical analysis, technical trading, what is a head and shoulders formation, what is causing market volatility, where is the market headed
Posted in General | 1 Comment »
Posted by Larry Doyle on August 10th, 2011 5:47 AM |
Have you ever officially read a Federal Reserve statement?
Many market participants rip apart Fed statements within seconds of release looking for key words or phrases to decipher the path of future Fed policy.
Often reading a Fed statement is like reading a Tarot card as the ‘great and all powerful Fed’ provides sufficient obfuscation in order to cover a whole slew of bases.
Yesterday’s Federal Reserve statement struck me as far different from those in the past as it left very little to interpretation. (more…)
Tags: Ben Bernanke, chances of a double dip recession, did our economy ever get out of recession, did we ever get out of recession, economic outlook August 2011, federal funds rate, Federal Reserve, Federal Reserve outlook August 2011, Federal Reserve outlook for economy August 9 2011, Federal Reserve release August 2011, Federal reserve statement August 9 2011, how is our economy doing August 2011, how is the economy doing August 2011, how long is extended period for low rates, Larry Doyle Sense on Cents, news about economy august 2011, Tarot card, The Federal Reserve Comes Clean, the real economy, walking pneumonia economy August 2011, what about economy august 2011, what is going on with economy August 2011, what is happening with economy august 2011, when will our economy improve
Posted in General | 8 Comments »
Posted by Larry Doyle on August 9th, 2011 9:39 AM |
In the course of a conversation yesterday with one of the wisest men I know, I remarked that the issues our nation faces are not political but rather mathematical.
The debate in Washington that put a choke hold on our nation, our economy, and our markets took partisan bickering to an entirely new level and focused on the politics.
In the true spirit of ‘sense on cents’ let’s focus on the numbers and reduce our issues and our problems into simple math. In the process, I hope we are all more educated as to the depths of our problems so we can then begin to address them.
I thank a dear friend who brought a recent fabulous presentation by Kleiner Perkins’ Mary Meeker to my attention. (more…)
Tags: addressing America's debt, America's future, American health and education rankings, an audit of the USA, analysing America's debt, analysing our fiscal situation, are we broke?, auditing our entitlement programs, costs of Social Security Medicare and Medicaid re, first you need to grow then raise revenues, how long can we fund our entitlement programs, Kleiner Perkins Mary Meeker, Mary Meeker, Mary Meeker Audits USA Inc., reviewing America's entitlement programs, Sense on Cents Hall of Fame, the debate in Washington, the math behind our fiscal problems, what will our future look like, where we are how we got here what may be next by Mary Meeker
Posted in General | 8 Comments »
Posted by Larry Doyle on August 8th, 2011 7:59 PM |
That was not a lot of fun.
The 6% selloff in the market we witnessed today is obviously tremendously unnerving.
Professional traders and active managers who monitor market moves on a minute by minute basis will have their their own opinions as to what did happen and what will happen.
For those in the audience who appreciate and embrace the true spirit of ‘sense on cents’, while we listen to the spin provided by market mavens, esteemed economists, political pundits, and Washington wizards, let us not lose sight of the real fundamental issues which remain at the core of our American foundation. (more…)
Tags: a margin call on America, a tendency not to report bad news, America's margin call, BAC selloff, Bank of America selloff, Bert Ely, health of Bank of America, health of financial regulation, health of our financial regulatory system e, health of our political system, imminently solvable, implementation of Dodd-Frank, lack of confidence in America, lack of leadership in America, margin call on America, market reaction to Obama speech, market selloff August 8, need for term limits, Obama speech on August 8 afternoon, Obama's lack of economic policy, Ponzi style financing, reasons for market selloff, Regions Financial Probes Executives, SEC and other financial regulators, Sense on Cents, Wall Street-Washington incest, why did the market selloff on August 8th
Posted in General | No Comments »
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More Things Change, More They Stay the Same
Posted by Larry Doyle on September 7th, 2011 11:05 AM |
Having traversed a wide part of the country over the last three weeks, I would have hoped that my first post back here at Sense on Cents would encompass a sense of vim and vigor that may electrify those reading this.
Sorry to disappoint but the simple fact is the recent developments along our economic and market landscape do not strike me as energizing or as anything new.
The daily swings in the markets may be unnerving but they strike me as merely a reflection of the fact that the “walking pneumonia” which defines our domestic economy—and many parts of the global economy as well—is settling ever deeper into our lungs. (more…)
Tags: did Wall Street violate the racketeering act, economic and market updates september 2011, Federal Reserve policy of the twist, jimmy hoffa barack obama promoting class warfare, jimmy hoffa labor day comments, mortgage suit against banks, pursuit of the truth, Sense on Cents, the more things change the more they stay the same, what is new with the economy september 2011
Posted in General | 10 Comments »