Posts Tagged ‘Sense on Cents’
Posted by Larry Doyle on June 15th, 2011 2:50 PM |
I panned the liberal wing of our media the other day for wasting its time, effort, and money on pillaging through Sarah Palin’s e-mail.
Today I am happy to call out the other wing of our media for being truly pathetic.
I would have hardly believed what I learned if somebody merely told me but upon viewing this I am left no other choice than to state that Fox News’ Bill O’ Reilly is an economic mental midget.
I state this as one who is a registered Independent, typically leans right on the political spectrum, and finds most commentators at MSNBC and CNN to be merely insufferable. (more…)
Tags: Bill O' reilly John Stossel John Maynard Keynes, Bill O' reilly meet John Maynard Keynes, CNN, Fox News Bill O'Reilly, is Bill O' Reilly a pinhead, mental midget, MSNBC, Pinheads and Patriots, Ron Paul New hampshire republican debate June 2011, Sense on Cents
Posted in General | 8 Comments »
Posted by Larry Doyle on June 13th, 2011 9:03 AM |
What did the Lord say to Noah?
The same thing that Bank of America CEO Brian Moynihan might now be saying to his shareholders. That is, ‘how long can you tread water?’
Bank of America’s stock is down approximately 25% on the year and close to 35% over the last twelve months. While it has doubled from the Armageddon lows seen in 2008, the stock has fully retraced any moves higher since early 2009. (The graph of Bank of America below is sourced from Market Watch and covers the last three years).
What gives? Will Bank of America need to raise more capital? Will it need another lifeline from Uncle Sam?
(more…)
Tags: Adam and Eve, BAC, BAC banking, Bank of America, Bank og America mortgage operations, bank reserves, banking losses, Bert Ely bank analyst, BofA management, Brian Moynihan Bank of America CEO, Concern Rises Over U.S> Mortgage Defaults FT June 13 2011, consumer banking, delinquncies defaults and foreclosures on mortgages es and, extend and pretend, Financial Times June 13 2011, garden of Eden, health of Bank of America, how long can you tread water, Larry Doyle, Laurie Goodman of Amherst, more losses at BofA, OCC data on mortgage performance, OCC monthly mortgage report, performance of Bank of America, performance of mortgages June 2011, performance of private label mortgages, proxy for American housing, Regions Financial Probes Executives June 2011, reserves against bank losses, Sanford bernstein Projects $27 Billion Loss for BAC, Sanford C. Bernstein, Sense on Cents, stock of Bank of America, tendency not to report bad news, uncertainty in Bank of America stock, will BAC need another bailout, will BofA need another bailout, WSanofrd C. Bernstein analyst John E. McDonald
Posted in bank earnings, Bank of America, General | 12 Comments »
Posted by Larry Doyle on June 10th, 2011 9:36 AM |
There are few people in our nation today who are willing to stand up and call out both Wall Street and Washington. There are even fewer who have worked within these bastions of power and will subsequently make the hard calls while providing real ‘sense on cents’ in the process.
Yesterday I observed just such an individual. Who was it?
Joe Grano.
I had heard of Joe but never had the good fortune of listening to him speak. I will now look for him often. During an interview yesterday on Bloomberg, Joe was respectful but not bashful in taking on both Wall Street and Washington. How so? (more…)
Tags: background of Joe Grano, Centurion Holdings, investment tax credit, Joe Grano and Domininc Chu, Joe Grano Bloomberg interview June 9 2011, Joe Grano interview with Betty Liu, Joe Grano offers insights on Wall Street, Joe Grano takes on Wall Street and Washington, Joe Grano view of economy, real estate employment and deficit, RED, Sense on Cents, Sense on Cents Hall of Fame, three legged stool for our economy, Wall Street compensation, Wall Street lacks leadership, who is Joe Grano, Yankee Foundation
Posted in General | 7 Comments »
Posted by Larry Doyle on June 9th, 2011 7:49 AM |
Have you ever had walking pneumonia? Not a lot of fun, right?
You might be able to operate but your inability to fully inhale is a real drag. I had a bout of walking pneumonia a few years back but was fortunate to get over it in about a month. If only our ‘walking pneumonia’ economy were just that lucky.
I first described our domestic economy as sufferring from this malady in early 2010 when I wrote U.S. Economy = “Walking Pneumonia”.
Going on 15 months later we continue to languish from a variety of factors that inhibit the flow of economic oxygen critical to a real recovery. While many ‘quacks’ would like to have us believe differently, let’s navigate and listen to those who write the checks which drive the oxygen into our system and propel our economic vitality. How so? (more…)
Tags: advice for Barack Obama, advice for Washington, American Reinvestment and Recovery Act, ARRA, cap ex, capital expenditures, CFO Magazine, CFO Optimism Is Down and So Is Hiring, CFO survey, chief financial officers outlook, dealing with sick economy, Duke University CFO Survey, economic drag, economic stimulus has worn off, employment prospects, hiring outlook June 2011, how to create jobs, how to grow economy, how to grow small business, Larry Doyle, opinion of small business owner, outlook for economy June 2011, r and d, Sense on Cents, SeraCare Life Sciences Greg Gould, spending on advertising and marketing, spending on research and development, spending on technology, spending prospects, walking pneumonia, walking pneumonia economy, what is cap ex, what is holding the economy back, who writes business checks
Posted in General | 2 Comments »
Posted by Larry Doyle on June 7th, 2011 6:55 AM |
Truth, transparency, and integrity.
The compromising of these virtues may be the cost of doing business in our nation but make no mistake the price we collectively pay is enormous. Whether in Washington or on Wall Street, the ability to compromise our prized virtues has truly been raised to an art form.
From derivative transactions which disguise unprecedented levels of risk to bond indentures which require advanced legal degrees to interpret, our ‘friends’ on Wall Street with assistance from ‘their’ friends in Washington have displayed little regard for the aforementioned virtues which are the foundation for real ‘sense on cents’.
More often than not,though,the violation of our virtues is viewed in an impersonal light. Wall Street and Washington are behemoths. The American public and investors at large are faceless. In my opinion, our financial services industry and government would just as soon keep it this way.
Let’s challenge them. (more…)
Tags: bad business practices, Bernie Madoff, bringing sunshine to wall street, business virtues, complaint of Sivere vs Demos, cost of doing business, David Kotz, George Demos, JP Morgan Whistleblower Peter Sivere, New York Office of SEC, New york State Supreme Court Appellate Division, Peter Sivere, POGO, project on Government Oversight, Raj Rajaratnam, regulatory capture, SEC OIG, Sense on Cents, truth transparency and integrity, violating business principles, Wall Street-Washington incest, whistleblowers
Posted in General, SEC, Wall Street, Washington D.C., whistleblowers | 13 Comments »
Posted by Larry Doyle on May 17th, 2011 9:30 AM |
(This commentary is a little lengthy, but not overly so. I strongly encourage you to read and ponder the details embedded here as I firmly believe America’s core principles of decency and justice are on the line. Let’s stand up for America!!)
What would be the outcry in America if a foreign government or corporation knowingly and willingly abused the personal finances of multiple tens of thousands of our fellow citizens? Imagine if that entity were a large Chinese national bank or a Russian financial conglomerate? What if it were a division of an organization involved in illicit activities or even worse?
Do you think the United States government would intervene very aggressively on behalf of our fellow brethren? Might the media be up in arms with headline stories on a daily basis? Would the personal assaults precipitate an international trade embargo or a discontinuation of diplomatic relations? Does this sound like the stuff of a Harrison Ford virtuoso performance? Even better, this must be the plot to the next James Bond thriller, right? (more…)
Tags: A Low Bid for Fixing a Big Mess, abusive financial practices, abusive mortgage servicing practices, Bank of America Brian Moynihan, Citigroup Vikram Pandit, Congressional hearings on mortgage foreclosure abuses, defending America's principles, Department of Justice, disclosure and discovery of Wall Street's mortgage practices, GMAC Michael Carpenter, gretchen morgenson, Harrison Ford performance, how much will Wall Street pay for mortgage servicing abuses, James Bond flicks, JP Morgan Jamie Dimon, Mortgage Crisis, mortgage foreclosure, mortgage foreclosure abusive, mortgage servicing practices, our nation's principles of decency and justice, problems ion mortgage servicing, RICO Act, robo-signing, Sense on Cents, United States bankruptcy system, United States Trustee Program, Wall Street abusive practices, Wall Street fine for mortgage servicing abuses, Wells Fargo John Stumpf, who is Clifford J. White III
Posted in General, mohamed el-erian, monetary policy, money, Money Market Funds | 9 Comments »
Posted by Larry Doyle on May 5th, 2011 12:37 PM |
After having highlighted Rick Davis’ work at Consumer Metrics Institute in my morning commentary, I reached out to him and received the following MUST READ fabulous response.
If you care to truly learn what is going on with the American consumer as we collectively navigate the economic landscape, sit down, take notes, save this review, and share it with your friends. In terms of cutting edge, real time, unbiased economic analysis and commentary it does not get better than this.
THANK YOU, Rick!!
Larry:
We go to great lengths to remove from our data both the inexorable shift of consumers from brick-and-mortar to on-line and the impact of price inflation. (more…)
Tags: American consumer habits, American consumers, American spending habits, are Americans spending, are we still in recession, BEA, Bureau of Economic Analysis, chances for QE3, CMI, Consumer Metrics Institute, Department of Commerce, DOC, economic reports on spending and consumption, Eurozone consumers, Gallup polls, Gallup polls on consumer spending and consumer confidence, is the US economy recovering, Larry Doyle, online spending, prospects for QE3, revisions to retail sales by US Census Bureau, Rick Davis, Sense on Cents, shift in consumer behaviors, truth in reporting, update on consumer confidence, what are Americans buying, what is going on with American consumers, when will US economy recovering, will we have a QE3
Posted in General | 1 Comment »
Posted by Larry Doyle on May 4th, 2011 5:39 AM |
David Rosenberg is a Sense on Cents All-Star. While many do not agree with Rosenberg’s overall assessments of the economy and the markets, I have untold appreciation and respect for his thoughtful and astute analysis. He recently spoke at an investment conference. Robert Huebscher of Advisor Perspectives captured Rosenberg’s thoughts in his piece, My Breakfast with Dave.
For those with even a passing interest in the economy and markets, I strongly recommend even a cursory review of Rosenberg’s remarks as he offers keen insights on a variety of angles and impacts embedded in the ongoing inflation vs deflation debate. What does Dave see for commodities, housing, interest rates? Read on….a wealth of ‘sense on cents’ awaits you. (more…)
Tags: are bonds a buy, Bob Farrell's rule number nine, Breakfast with Dave, COLA adjustments, consumer forecasts for inflation, consumer opinion polls, Consumer price index, CPI, David Rosenberg, Gary Shilling, GATT, global economy, Gluskin Sheff, household credit, inflation vs deflation, inflation vs deflation debate, Larry Doyle, power of unions, pressure on public unions, public opinion of inflation, Robert Huebscher of Advisor Perspectives, Sense on Cents, Strategic Investment Conference in San Diego, The Conference Board, unit labor costs, velocity of quantitative easing money, what does David Rosenberg think, what is ahead for unions, what is David Rosenberg thinking, what is happening in housing, what will hapen to consumer spending given oil prices, what will happen to housing prices, where are interest rates headed, will inflation be temporary, will inflation increase, will money recirculate, will oil prices increase or decrease, will United States become like Japan
Posted in General | 3 Comments »
Posted by Larry Doyle on May 2nd, 2011 8:05 AM |
For those who cherish the virtues of life, liberty, and the pursuit of happiness, today is a grand day.
For those directly impacted by the terrorist attacks of 9-11-01, your day has come. Justice has been done. While the pain from the loss of your loved ones can never be eliminated, I hope the news of Osama Bin Laden’s death at the hands of our Navy Seals brings you a semblance of peace. You certainly deserve it.
Prior to commenting on what I believe the risks may be from Bin Laden’s death, let’s direct our thoughts, prayers, and praise to those who truly deserve it. (more…)
Tags: 9-11, 9-11-01, al Qaeda, justice has been done, Larry Doyle, Never forget the families of 9-11, Osama Bin Laden, Osama Bin laden and Adolf Hitler, our allies in the war on terror, our global war on terror, President Barack Obama, President George Bush, raising the flag at the world trade center ruins, risks of Osama Bin Laden's death, Sense on Cents, the death of Osama Bin Laden, the demise of Osama Bin Laden, the mission to kill Osama Bin Laden, the Navy Seals, the war on terror, those who lost their lives on 9-11 s of, what will happen to the dollar after Osama Bin Laden's death
Posted in General | 2 Comments »
Posted by Larry Doyle on April 29th, 2011 8:12 AM |
“Remain calm, all is well!!”
Such would seem to be the message put forth this morning by The Wall Street Journal’s lead headline, Officials Unfazed by Dollar Slide,
In recent days, the nation’s top two economic policy makers—Federal Reserve Chairman Ben Bernanke and Treasury Secretary Tim Geithner—have publicly expressed their desire for a strong dollar. But there is little indication of a change in policy from either the Fed or Treasury—or in underlying economic conditions—that would alter the currency’s downward course.
When thinking of Bernanke and Geithner, who do you think of first, Abbott and Costello or Laurel and Hardy? I am more in the former camp. “Hey, Abbbbbotttttt!!” (more…)
Tags: "new normal" economy, Abbott and Costello, American consumers and taxpayers are getting screwed, as it was in the beginning, Ben Bernanke, benefits of a weak dollar, capital flows outside of United States, costs of a weak dollar, crush the dollar, debt repudiaton, decline in the value of the dollar, declining greenback, dollar devaluation, economy in 2009, economy in 2010, economy in 2011, For the Fed A Narrowing of Options a, growing inflation, hope is a lousy hedge, how to manage in stagflation, impact of inflation, inflation vs deflation, layoffs, mohamed el-erian, monetizing the debt, municipal layoffs, Officials Unfazed by Dollar Slide, prospects for stagflation, redistribution of pain and costs n of, remain calm all is well, risk of another recession, risks of stagflation, Sense on Cents, stagflation, Tim Geithner
Posted in deflation, General, stagflation, U.S. dollar | 4 Comments »
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