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Newt Gingrich Talks Sense on Cents

Posted by Larry Doyle on October 12th, 2011 8:33 AM |

Say what you want about Newt Gingrich but I would challenge anybody who thinks Newt is not an exceptionally intelligent individual. I am not here promoting Newt’s candidacy for the Republican nomination. I am also not an apologist for Newt’s past personal transgressions.

While I can understand and respect that many people may differ with Newt politically, in this political season I have often witnessed Newt taking on the media and other individuals and groups in a manner consistent with the virtues espoused by Sense on Cents.

I thank the reader who left a comment and a link from last night’s Presidential debate which highlights Newt’s pursuit of transparency. I do welcome promoting this clip and appreciate the aggressive posture Newt takes in the process. The pursuit of truth, transparency, and integrity is never easy when there are enormous forces working in the opposite fashion. On that note, let’s “keep punchin’“,

EB

Larry, I’m not a great Newt fan, but he sometimes makes excellent points, and this is consonant with your post,  Read the rest »


What Should ‘Occupy Wall Street’ Demand?

Posted by Larry Doyle on October 11th, 2011 9:44 AM |

I received a call yesterday from a reporter from a highly regarded periodical inquiring about my recent commentary, ‘Occupy Wall Street’ Should ‘Occupy Washington’.

Having had a number of previous discussions with this reporter, I welcomed her question as to what I thought the OWS movement should look to achieve or demand.

I prefaced my comments by stating that I hope civil unrest and random violence do not come from these demonstrations. America needs a lot of things but we certainly do not need riots. Read the rest »


‘Occupy Wall Street’ Should ‘Occupy Washington’

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. Read the rest »


Stifling the Truth Is Abuse of Capitalism

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.

Read the rest »


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.  Read the rest »


SEC Attorney Darcy Flynn Blows Whistle on Wall Street-Washington Incest….MUST READ…

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? Read the rest »


Navigate Accordingly Until Sense on Cents Returns

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: Read the rest »


ARS Investor Seeks Help for ‘Theft by Any Other Name’

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. Read the rest »


DJIA Chart: Classic ‘Head and Shoulders’

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. Read the rest »


The Federal Reserve Comes Clean

Posted by Larry Doyle on August 10th, 2011 5:47 AM |

Federal Reserve System imagesHave 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. 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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