Posted by Larry Doyle on September 17th, 2013 9:15 AM |
On a daily basis we now get fed less than comprehensive if not fully distorted views of the last 5 years by an array of politicians, industry sponsored economists, and assorted other puppets.
While the airwaves and other outlets are filled with much of this noise, let’s take a step back so we can get the wide-angled view as to what has really transpired within our nation and the global economy. To do so, lets check in with Sense on Cents Hall of Famer Simon Johnson who provided a prescient view as to what was — and is — really going across a wide swath of our economic landscape.
Posted by Larry Doyle on June 19th, 2013 8:10 AM |
At one point in time, the USA may have been viewed as the preeminent world leader on major financial issues.
While many arrogant bankers, regulators, and political leaders here in the USA might care to continue to believe they hold that leadership position, I think most who might read this blog know that those days have passed.
Dodd-Frank reformed our financial system? Really? Then why is it that bankers from Citigroup are virtually writing entire new legislation under the heretofore now designated Fraud-Dank umbrella?
If we care for a more honest assessment of the comparably incestuous, crony, corruptible dynamic at play within these parts, let’s redirect our focus across the pond. (more…)
Posted by Larry Doyle on December 6th, 2012 8:26 AM |
When might an individual with serious personal problems decide to make necessary change in his life? When they reach the depths of hell and decide “it does not need to be this way and it won’t any longer.”
How about a nation? Is there any doubt our nation faces enormous problems, fiscal and otherwise? The manner in which we confront these problems will have a profound impact on our nation for generations. Will Washington swerve and avoid the fiscal cliff that some believe will lead us into a hellacious recession or are we better off actually experiencing that so as to finally wake up and make the necessary change? Are we even capable?
David Kotok of Cumberland Advisors provides real ‘sense on cents’ on this topic in response to a question posed to him, “what would you like see happen with the fiscal cliff?” (more…)
Posted by Larry Doyle on September 21st, 2012 8:54 AM |
The pen is mightier than the sword.
We are living through truly historic times. I am firmly convinced that the challenges and issues we face today will fill many a book tomorrow.
I truly love this blog for the very simple reason that it provides a voice to me and others to express and share informed opinions on a host of topics.
As we continue to navigate the twists and turns of our economic landscape, at this point in time I would welcome hearing from you, the readers of this blog. Could you take a few short moments and respond to this one question poll? (more…)
Posted by Larry Doyle on August 24th, 2012 5:13 AM |
I guess I could address another in a long line of financial scandal or another rendition of “kick the can”. I think I will defer. As with any effort, there is always a benefit to pause and reflect. So on that note, I will do just that and return to regular commentary after Labor Day.
Perhaps those who enjoy coming to Sense on Cents might care to navigate the site and peruse the extensive links and resources, which I find to be of real value in my own personal pursuit of the truth.
As I take pause and reflect, I hope you can do the same. To that end and while we endure what some may deem the normal hand to hand political combat of another Presidential campaign, I hope this 4-minute video might be able to provide some semblance of perspective. (more…)
Posted by Larry Doyle on July 31st, 2012 10:06 AM |
In the same spirit as that which inspired those who signed our Declaration of Independence, I welcome attaching my name to the following proclamation in support of HR 757 for real investor protection. What makes the proclamation highlighted below so special? It is truly a grass roots effort. As noted attorney Helen Davis Chaitmain asserted:
People are contributing money for these ads in order to educate the electorate that our representatives (and the SEC) have forgotten that they represent the people. They have allowed Wall Street (“SIPC”) to renege on its statutory obligation to insure each brokerage account up to $500,000. Why would any honest hard-working American vote for someone who doesn’t support this bill?”
Posted by Larry Doyle on May 29th, 2012 5:22 AM |
I somehow overlooked a recent interview in Barron’s with Bridgewater’s Ray Dalio. Having sung his praises more than a few times over the last few years (link here), Dalio once again does not disappoint.
Can a deleveraging process be “beautiful?” Are there strong comparisons between Europe today and the birth of our democracy back in the late 1700′s? What lies ahead for world economies? Might we see more quantitative easing? How long might all this last?
Folks, this interview is a little lengthy but Dalio touches all the bases. If you have any interest whatosever in our global economy and markets, then find the few minutes to absorb the wisdom of Ray Dalio. This “classic sense on cents” is a MUST read . . . (more…)
Posted by Larry Doyle on May 19th, 2012 7:21 AM |
“We know the model is not sustainable,” said Lawrence T. Lesick, vice president for enrollment management at Ohio Northern University. “Schools are going to have to show the value proposition. Those that don’t aren’t going to be around.”
(The New York Times; May 14, 2012)
In my opinion, the size, scope, and impact of this problem is an enormous anchor weighing down our next generation and our nation’s economy.
Make no mistake, this anchor is not only impacting thousands of students and families but is also having an equally burdensome impact on colleges and universities nationwide.
I choose my words carefully here. The other day I entitled my commentary, Student Debt Bubble: Impending Doom for Colleges.
Doom is a strong word. Why did I choose it? Let’s navigate. (more…)
Posted by Larry Doyle on May 16th, 2012 4:34 AM |
How many people in America today are questioning the very integrity of our markets?
More than we can measure.
Regrettably, there has been strong evidence of practices in selected corners of Wall Street which have violated the trust of investors, betrayed any semblance of fair dealing, and destroyed the development of otherwise viable businesses and companies.
Yesterday, Bloomberg dropped a bombshell on this practice in reporting . . . . . (more…)
Posted by Larry Doyle on May 8th, 2012 9:59 AM |
Perhaps it is only fitting that my 2000th post since launching Sense on Cents in January 2009 is directed at issues within our nation’s top financial cops at the SEC.
How interesting that a report is released today indicating that the SEC is bringing in an outside investigator to probe allegations of inappropriate activities within the Office of Inspector General during the tenure of the recently departed IG David Kotz. (more…)