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Forex Manipulation: Add It To The List

Posted by Larry Doyle on June 12th, 2013 10:00 AM |

Is it possible to manipulate the largest market in the world, that being, the foreign exchange market?

Well, if it is possible to manipulate the setting of overnight interest rates (i.e Libor et al) impacting trillions of dollars of derivative contracts and the pricing of equities (i.e. via high frequency trading), we should not be surprised that those on Wall Street are also able to manipulate prices within the foreign exchange markets . . . . and have been doing so for a long time.

In what might only be defined as another nail in the coffin of free and fair markets, Bloomberg exposes the stench of this manipulative activity. Read the rest »


Obamacare: ‘Train Wreck’ In Ohio

Posted by Larry Doyle on June 11th, 2013 1:12 PM |

Your healthcare premiums were going to go down under Obamacare, right? Not so fast.

The benefits will far outweigh the costs, correct? Well, let’s navigate to America’s heartland and pose that question to the citizens of Ohio who will be picking up the tab. Might some — perhaps many — individuals who delivered the state for the President care to reconsider?

Recent news emanating from the Buckeye state would seem to indicate that when it comes to healthcare, the only thing that will be declining are the savings accounts of a lot of individuals. Read the rest »


Uncle Sam’s Inside Info and Wall Street’s Insider Trading: Excuse Me While I Vomit

Posted by Larry Doyle on June 11th, 2013 10:23 AM |

Information is everything.

You may not be aware whether you own stock in the managed health care company Humana via a mutual fund or not. I would imagine if you own Humana as an individual holding, you would be keenly aware that this company saw close to a 20% increase in its stock price back on April 2nd.

Did you participate in that spike or did you have a sell order in place at a certain level and get taken out well below the upward move? Read the rest »


Sex, Lies, Stupidity, Oh My: SEC Whistleblower David Weber Vindicated, Receives Huge $ettlement

Posted by Larry Doyle on June 10th, 2013 8:21 AM |

“Doing the right thing can be hard” . . .
David Weber, former assistant Inspector General of the SEC, June 10, 2013
——————————

In a world in which it is all too easy to look the other way, to go along to get along, and to sit down when the public needs you to stand up, hope springs eternal.

I am heartened that America still has a chance to eradicate the corrosive and corruptible elements that have thrived within our financial regulatory system when I learn that there are still people who care enough to do the right thing. Who is one of those people?

Former assistant inspector general of the SEC David Weber. Today is his day and America should feel very good about that.   Read the rest »


A Great Weekend Read: How America Lost Its Way

Posted by Larry Doyle on June 8th, 2013 11:59 AM |

I am a big fan of Niall Ferguson.

I so respect and appreciate the way this history professor at Harvard thinks and writes. More often that not after reading his work I find myself thinking, “he’s right.” I find his work to be fully consistent with the thoughts and opinions I try to promote here at Sense on Cents.

To that end, I will soon be picking up a copy of Ferguson’s soon to be released book, The Great Degeneration: How Institutions Decay and Economies Die. As one reviewer wrote,

Professor Ferguson maintains that key maladies with western institutions encompass meager regulatory enforcement in the financial sector, rotten rule of law, government encroachment in the civil society, and breakdown of social contract between the generations (Edmund Burke’s concept of contract in which the current fiscal policies cannot inexorably create huge debts at the expense of the young and the unborn). Professor Ferguson disagrees with Keynesian economists who are advocates of low interest rate and issuance of public debt to stimulate economic growth.

The Wall Street Journal addresses Ferguson’s work in what I think is a great weekend read, How America Lost Its Way.

Enjoy the weekend.

Larry Doyle

Isn’t  it time or overtime to subscribe to all my work via e-mail, an RSS feed, on Twitter or Facebook.

I have no business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.

 


Eisenhower’s Forewarning: Military-Industrial Complex Farewell Speech c 1961

Posted by Larry Doyle on June 7th, 2013 11:47 AM |

I think we can forego commenting on this morning’s employment report or other specific topics of interest along our economic landscape and focus on the issue that is captivating our nation, that being, our government’s intervention into our private lives.

As we look forward and wonder what may have transpired to date and how this might all play out, I think we are well served if we go back in time and review the wisdom shared with us by President Dwight D. Eisenhower as he prepared to exit the White House.

My fellow Americans:

Three days from now, after half a century in the service of our country, I shall lay down the responsibilities of office as, in traditional and solemn ceremony, the authority of the Presidency is vested in my successor. Read the rest »


Chellaney: China’s Stealth Wars

Posted by Larry Doyle on June 6th, 2013 10:03 AM |

President Obama is poised to meet Chinese President Xi Jinping at a secluded estate in California for a two day summit.

Given China’s current enormous economic surplus, it wields ever more power on the world’s stage. As the US is weighed down and held back by the burden of our massive deficits, China is nimbly and strategically utilizing its power and position extensively in its own backyard and beyond. Let’s navigate and take a closer look.

Brahma Chellaney, Professor of Strategic Studies at the New Delhi-based Center for Policy Research, writes at Project Syndicate of China’s Stealth Wars,

NEW DELHI – China is subverting the status quo in the South and East China Seas, on its border with India, and even concerning international riparian flows – all without firing a single shot.  Read the rest »


Madoff on Markopolos: “He Was an Idiot” . . . Really?

Posted by Larry Doyle on June 5th, 2013 1:19 PM |

What an as&*%le!!

I try not to write about those who have committed financial crimes and especially after they have been put away.

I figure why should I give a crook or his comments any of my time or any degree of credibility. To that end, I have welcomed highlighting the ineptitude and corruptible behavior of our financial regulators in dealing with financial crooks while staying away from commenting on the crooked scumbags themselves.

Today I take a break from this discipline as perhaps the largest POS of all, that being Bernie Madoff, made a statement that is deserving of a response. What did this slimeball have to say in the midst of a discussion with a reporter from MarketWatch? Read the rest »


Doubleline/Gundlach: What in the World is Going On?

Posted by Larry Doyle on June 5th, 2013 9:37 AM |

A perennial Sense on Cents All Star and Hall of Fame inductee, Doubleline’s CEO Jeff Gundlach, presented an investment webcast yesterday.

I welcome sharing the slides utilized by the premiere investment manager in the business as he spanned the globe in his presentation dubbed, “What in the World Is Going On?“

Anybody with even a passing interest in understanding what is happening in our global economy will want to take anywhere from 5 minutes to many hours to absorb what can only be described as a treasure trove of invaluable and informative analysis.

Gundlach’s presentation provides an overview of the following and much more:
Read the rest »


Key Economic Driver: Disposable Personal Income

Posted by Larry Doyle on June 4th, 2013 10:02 AM |

There are a host of economic statistics that can be and are utilized to measure the health and forward path of our economy. From GDP to employment to housing starts to inflation, all of these stats can offer a gauge as to how steep our economic landscape is and will be.

What do I believe is now the single most important economic piece of data to forecast our economic future? Disposable personal income. Why so?  Read the rest »


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Larry Doyle

Larry Doyle A Wall Street veteran's views and instincts on the markets, economy, and all things financial.







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