Posted by Larry Doyle on July 29th, 2011 9:14 AM |
While economists up and down Wall Street express real surprise at the GDP reports this morning, regular readers of this blog hopefully recall the siren sounded by the Economic Cycle Research Institute in mid-May.
The ECRI clearly has a strong pedigree. More importantly the ECRI is not compromised by an existing relationship with a global investment bank or another entity looking to sell financial products. Against that backdrop, the crowd at the ECRI sees storm clouds on the horizon. Just yesterday IBD released a report covering ECRI’s forecast entitled Cruel Summer?>>>>>>>>(more…)
Posted by Larry Doyle on July 28th, 2011 7:31 AM |
For those who love baseball, summer is not only a time for taking in a ballgame (like today’s matinee at Fenway Park between our beloved 1st place Boston Red Sox and the Kansas City Royals) but also for paying a visit to the Hall of Fame.
Baseball fans of all ages love to make the pilgrimage to the hallowed hall in Cooperstown, New York.
Fans of Sense on Cents are well aware that yours truly has inducted worthy and deserving recipients into both wings of our own hall here over the course of the year. Just yesterday, I inducted Muddy Water’s Carson Block into the Sense on Cents Hall of Fame.
While I take the boys to the ballpark, I hope readers, both new and old, may like to pay a visit to the Sense on Cents Halls of Fame and Shame a/o year end 2010.
I provided the following ceremonial tribute and induction at the end of last year.
Posted by Larry Doyle on July 27th, 2011 12:55 PM |
If this 5-minute video clip does not capture the spirit and rage that is boiling in our nation, I do not know what does.
I thank the regular reader who shared this with me. I commend Jim Garvin for standing up, speaking out, and sharing a healthy dose of ‘sense on cents’ in the process.
If you feel Jim’s pain and share his concerns, as I do, then spread his message. (more…)
Posted by Larry Doyle on July 21st, 2011 8:33 AM |
With fiscal deficits stretching out as far as the eye can see and politicians focused largely on tomorrow’s polling numbers or their next election, who the hell really minds the store in Washington?
All too often we hear Washington politicians “talk the talk” of rooting out waste, fraud, and corruption, but who and how many of these pols legitimately “walk the walk“?
Where are the real statesmen in Washington who are truly willing to put our nation first rather than looking the other way or playing the game under the guise of politics or ‘that’s just how it works‘.
Really? Our nation is broke. IT AIN’T WORKING!!! (more…)
Posted by Larry Doyle on July 20th, 2011 8:49 AM |
Would your blood start to boil if you felt a hand in your back pocket going for your wallet? Damn right it would.
Then your blood should also boil when the topic of financial regulatory reform comes up. Why?
For the very simple reason that the quality of our financial regulations has an enormous impact on that hand reaching for your wallet.
Do you have confidence that either the crowds on Wall Street or in Washington will truly and effectively protect you from that hand? Not much, right? Me neither. Who will? (more…)
Posted by Larry Doyle on July 15th, 2011 9:09 AM |
I love reading the work of intelligent economic ‘giants’ who both get it and eloquently share it.
On a daily basis we suffer from the charlatans roaming the halls of Capitol Hill to those occupying the offices of global media moguls.
Some of the individuals in Washington (hello Barack!!) may believe the public does not and can not understand the nuances of major economic issues. In the process, the clowns spew forth volumes of nonsense and bulls&*t which has suffocated the debate needed to restore some measure of integrity to our social fabric.
Let’s turn off the volume on the nonsense and embrace, elevate, and spread some truth and real wisdom. (more…)
Posted by Larry Doyle on June 29th, 2011 1:59 PM |
Do those in Congress know how to read? Do they open their mail?
News is leaking that Congress may be inclined to have Wall Street’s self-regulator, FINRA, gain oversight of the investment advisory industry. That industry is currently regulated by the SEC and operates under a fiduciary standard.
The industry is fighting tooth and nail NOT to be regulated by FINRA which regulates broker-dealers under the less stringent suitability standard.
While the investment advisory industry and FINRA are duking it out, let’s return to my initial questions. Do those in Congress know how to read? Do they open their mail? Why do I ask? (more…)
Posted by Larry Doyle on June 27th, 2011 10:55 AM |
It is not often that I witness an individual pierce through the smoke and mirrors that disguise our nation’s central problems and state succinctly what Sense on Cents believes so strongly. I had the benefit of capturing the wisdom of just one such individual this morning.
I welcome sharing the wise perspective of one Laurence Meyer, as highlighted in today’s Wall Street Journal,
“I think [pessimism about the state of the country] has absolutely nothing to do with the current cyclical state of the economy. It’s not our budget deficit. It’s not China. It’s our education deficit. You can’t be 20th in the world in every field and be a competitive economy. (more…)
Posted by Larry Doyle on June 22nd, 2011 7:52 AM |
Few commentaries here at Sense on Cents have received as much attention as that which I wrote a few months ago highlighting issues within the student loan market and questioning the value and integrity of higher education. That commentary, Are Student Loans an Impending Bubble? Is Higher Education a Scam? hit a nerve on many fronts.
Today, our focus on this segment takes a new twist and we get a “behind the scenes” look at the intrigue and innuendo encompassing a hedge fund which would seem to believe that the student loan market may be a bubble and higher education for profit may just be a scam.
Potential of insider trading, investigative hedge fund research, prospects for increased regulation of the for profit education industry. This story would seem to have it all. (more…)
Posted by Larry Doyle on June 16th, 2011 9:43 AM |
I firmly believe and have often written that “when private capital is not protected by regulators, legislators, the courts, and the executive branch, then that capital will be more expensive to source in the future. More expensive and subsequently less available capital will inhibit an economic recovery.”
What part of that basic premise do those running Wall Street businesses and our supposed “protectors of the public interest” not understand? Do we need any more evidence than the precipitous decline in volumes across virtually every market segment to highlight that investors “get this” and that the incestuous parties on Wall Street and in Washington “don’t”?
While those with any appreciation of ‘sense on cents’ understand the need to protect long-term investor capital, we witness once again a mind boggling development that relegates the interests of real long term investors—that is you, me, and every Mom and Pop investor in our nation–to second class status. (more…)
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While economists up and down Wall Street express real surprise at the GDP reports this morning, regular readers of this blog hopefully recall the siren sounded by the Economic Cycle Research Institute in mid-May.
For those who love baseball, summer is not only a time for taking in a ballgame (like today’s matinee at Fenway Park between our beloved 1st place Boston Red Sox and the Kansas City Royals) but also for paying a visit to the Hall of Fame.
With fiscal deficits stretching out as far as the eye can see and politicians focused largely on tomorrow’s polling numbers or their next election, who the hell really minds the store in Washington?
Would your blood start to boil if you felt a hand in your back pocket going for your wallet? Damn right it would.
I love reading the work of intelligent economic ‘giants’ who both get it and eloquently share it.
Do those in Congress know how to read? Do they open their mail?
Few commentaries here at Sense on Cents have received as much attention as that which I wrote a few months ago highlighting issues within the student loan market and questioning the value and integrity of higher education. That commentary, Are Student Loans an Impending Bubble? Is Higher Education a Scam? hit a nerve on many fronts.
I firmly believe and have often written that “when private capital is not protected by regulators, legislators, the courts, and the executive branch, then that capital will be more expensive to source in the future. More expensive and subsequently less available capital will inhibit an economic recovery.”
