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Posts Tagged ‘Global Finance’

Global Financial System: Dangerous and Dysfunctional

Posted by Larry Doyle on September 20th, 2013 8:55 AM |

I truly appreciate reading the work and gaining the wisdom of those with informed insights and opinions.

Where do I always find people of this ilk? At one of my favorite stops while navigating the economic landscape:  Project Syndicate.

While various and sundry lapdogs from both sides of the political aisle and others well-schooled in the inner workings of the Wall Street-Washington incestuous thoroughfare are touting how our financial system has been reformed, let’s go down a less traveled path and see what a noted observer has to say on this topic.  (more…)

Surf’s Up at Sense on Cents

Posted by Larry Doyle on July 19th, 2009 2:35 PM |

(bumped up from Saturday afternoon)
For those cruisin’ this Saturday, the word is out that the Surf’s Up here at Sense on Cents. In lieu of our regular weekend respite with Recommended Reading, please allow me the opportunity to ride some waves with you.

The waves rollin’ across our shoreline include:

1. Career Planning : 25 years worth of resources, materials, and instincts to help those looking for a career in business.

2. Market Data: as close to a real-time link as you’ll find on the internet for market data across every sector of the market. Keep your brokers and financial planners honest!!

3. Newsworthy: There’s a little bit of everything here. Some stories have made headlines, others are off the beaten path. I regard them as newsworthy and hope they help you to stay ahead of the curve.

4. NoQuarter Radio:  join me every Sunday evening for a live radio show providing truth and transparency as we navigate the economic landscape. All shows are taped and archived. You can listen to audio recordings of past shows right here on the Sense on Cents website, or download as a podcast from iTunes. From the iTunes application, just type in No Quarter Radio podcast in the search window of the iTunes store. All podcasts are a free subscription.

5. Reading Room: books providing market insights, perspectives on business and life, or some special inspiration. These books have made a profound impact on me during my time on and off Wall Street. All strongly recommended!

6. Financial Primers: in our right sidebar, these primers on Debt Management, Financial Aid, Insurance, Investing, and Mortgage Finance will hopefully help anybody and everybody get further up these respective learning curves. Additionally, I provide links to the debacles unfolding in Washington and state capitals via Subsidyscope and PensionWatch.

7. Economic All-Stars: in our left sidebar, access links to some of my favorite money mangers, economists, and regulators, including Tom Atteberry of First Pacific, Sheila Bair of the FDIC, Laszlo Birinyi, Bill Gross of PIMCO, Jeff Gundlach of TCW,  Greg Mankiw of Harvard University, John Mauldin, Carmen Reinhart of the University of Maryland, Bob Rodriguez of First Pacific Advisors, Nouriel Roubini, and a whole host of Thought Leaders (leading economists) at Project Syndicate.

8. Archives: in our left sidebar, I have material from upwards of 600 uniquely written and thought provoking posts. The bulk of this material was written during the last 5 months. Whatever topic you’re looking for, just type it in the search window in the upper right hand corner of any page here at Sense on Cents, and you’ll most likely find it. Do not hesitate to ask for help or assistance, via a comment, if you need it.

In surfing the net over the last year, I have yet to find a financial ‘beachsite’ with this kind of talent and views. Please invite your friends!!

Rest assured, after the waves cresting over these links quiet at day’s end, there is still plenty of good banter and friendship provided by your host.

Enjoy and let’s have some fun while we collectively navigate the economic landscape!!


Tune in Sunday Evening to NoQuarter Radio’s Sense on Cents with Larry Doyle

Posted by Larry Doyle on April 19th, 2009 7:34 AM |

Please join me Sunday evening from 8-9 p.m. ET for NoQuarter Radio’s Sense on Cents with Larry Doyle. The developments in the markets, economy, global finance, Wall Street, and Washington are occurring at breakneck speed. I will try to slow things down a bit and provide a sense of perspective. What did we learn in the markets over the last week and what does that mean for the weeks and months ahead? We will address a wide range of issues, including: transparency and quality of earnings, Goldman’s and JP Morgan’s initiative to pay back TARP, and upcoming bank stress test results.

In addition, my guest Sunday night will be Chris Lowney. Lowney, formerly a Jesuit, was named a Managing Director of J.P. Morgan while still in his thirties and held senior positions in New York, Tokyo, Singapore and London until leaving the firm in 2001. He served successively on Morgan’s Asia-Pacific, Europe, and Investment Banking Management Committees. Lowney’s first book, Heroic Leadership: Best Practices from a 450-Year-Old Company that Changed the World, was the #1 ranked bestseller of the CBPA (Catholic Book Publishers Association) and was named a finalist for a 2003 Book of the Year Award from ForeWord magazine. It has been translated into ten languages. (more…)

Join us NOW for Sense on Cents Central Station

Posted by Larry Doyle on April 16th, 2009 8:20 PM |

central-station-promo-3-bold***UPDATE: The Live Chat event has ended, but you can scroll through the topics we discussed by clicking on the “Replay” icon on the chat window at the end of this post.*** 

Join us right now for a few hours of written Q/A and live chat with your resident host, Larry Doyle. We can address a wide range of issues, including: transparency and quality of earnings, Goldman’s initiative to pay back TARP, the April 15th Tea Parties, market performance this week, month, and year to date, developments overseas, the outlook for our financial regulatory structure, issues of personal finance, career planning, or anything else on your mind.

Dr. Edwin Vieira’s Amazing Crystal Ball, 2006

Posted by Larry Doyle on March 24th, 2009 9:52 PM |

I will admit that I am not a student of the Great Depression, but I have started reviewing that period. Obviously I, like every American, hope our economy stabilizes and we regain our footing and return to prosperity. While the pragmatic optimist in me believes that can happen, the trader and risk manager in me tells me to review the Depression, understand the dynamics, assess the risks of our current period, and prepare accordingly.

I hope and believe people who have been reading my work for a while appreciate that I am not an alarmist.  Whether working on Wall Street as a trader and salesman or now writing for Sense on Cents, a measured, analytical approach has always generated the best results. In that vein, I discount speculators and salesmen who attempt to make a buck from heightened levels of anxiety. That said, the elevated levels of risk in our economy, markets, and global finance require an equally elevated sense of risk analysis and historical analysis.

Given some of the economic saber rattling emanating from China and the lessened fiscal support emanating from Europe, the threats of global protectionism are clearly growing. That scenario also occurred during the Depression.   (more…)


Posted by Larry Doyle on March 21st, 2009 10:07 AM |

Our economy, markets, and global finance are impacted by a wide array of factors. While various analysts will focus on the differing magnitudes of a variety of these factors, I know of nobody who would not say that ultimately the greatest factor of all is “confidence”. While there is a monthly Consumer Confidence Survey generated by the University of Michigan, confidence is not measured by hard data.

Regrettably, we are currently suffering a crisis of confidence. The crowd in Washington has not helped instill confidence with its scattered approach to legislation and policy.

Over and above the problems in Washington, our global economy is suffering from increasing protectionist measures. Our current administration may talk about free trade and open markets, but their actions speak otherwise. Those actions impact global confidence. Other countries and regions are equally guilty of the same issues. (more…)

Let’s Listen to Stephen Harper

Posted by Larry Doyle on March 18th, 2009 11:22 AM |

canadian-flagA month or so ago, I introduced former Australian Prime Minister and Treasury Secretary Paul Keating to our readers here at Sense on Cents. Keating offered a wealth of piercing and insightful perspectives on the world of global finance. He forecasted the likely shift of global financial power toward the surplus countries in Asia. While I have never seen nor heard Keating’s views broadcast here in the United States, I appreciated his sobering analysis.

In a similar vein, Canadian Prime Minister Stephen Harper is not exactly a household name in the United States. We were provided the political strappings of President Obama’s initial foreign trip when he traveled to Ottawa to meet Harper 6 weeks ago. The pomp and circumstance along with the Royal Canadian Mounties made for some nice theatre. (more…)

Let’s Revisit Europe: The Weakest Link

Posted by Larry Doyle on March 17th, 2009 5:15 AM |

I thank our loyal reader in Michigan, Mr. Fiscal Liberal, for sharing with us a piece written by Simon Johnson, the former chief economist of the International Monetary Fund, a professor at the MIT Sloan School of Management, and a senior fellow at the Peterson Institute for International Economics.

Mr. Johnson writes about the growing problems in Europe. I am hard pressed to see how the European situation, both in the East and West, can not end badly. There are too many economies that are effectively insolvent or on the brink of insolvency. I believe this is the region of the world which will experience increased economic strife leading to social unrest and political change. Can the problems in Europe be contained given the massively interconnected world of global finance? 

Thank you again FL for sharing this very enlightening piece from Simon Johnson!!   

G-20s Real Agenda Should be Saving Europe from Itself
By Simon Johnson
Last Updated: 10:28AM GMT 16 Mar 2009

The media coverage of the G20 finance ministers meeting this weekend was dominated by the apparent battle between those who support more fiscal stimulus and those who want to impose more regulations on the financial system.

This, we are led to believe, is the big debate facing the full G20 heads of government summit early next month: the US is pushing for a bigger global fiscal stimulus (2pc extra government spending from everyone, to be monitored by the IMF), while the continental Europeans are holding out for greater regulation. Gordon Brown is trying hard to cast himself as the broker for any apparent deal.   (more…)

The Global Economic Horizon

Posted by Larry Doyle on March 14th, 2009 2:45 PM |

While there is nothing like a nice 10% rally in equity markets to salve a wounded soul, let’s not get overly ebullient. The global economy is facing a host of issues the likes of which it has not seen in a long time, if ever.

I truly relish the honest perspectives offered by a number of our Thought Leaders. A recent piece posted by Professor Ken Rogoff, a former chief economist for the International Monetary Fund, and currently a professor of Economics and Public Policy at Harvard, lays out a logical road map for global interest rates, economic growth, sovereign defaults, and inflation. Let me preface Rogoff’s piece by stating the road will be long and steep!

What does Rogoff think about the prospects here in the United States under the Obama administration?  He writes, “US long-term growth could be particularly dismal, as the Obama administration steers the country toward more European levels of welfare assistance and income redistribution.”

I strongly recommend Rogoff’s  What is the Deficit Endgame?  Please access a wealth of other global perspectives at the Thought Leaders link (in the left sidebar), which provides access to leading global economists and over 400 periodicals from around the world.


Sense on Cents “Central Station”

Posted by Larry Doyle on March 13th, 2009 6:30 PM |

central-station-promo-3-boldI am pleased to relaunch our weekly departure from “Central Station” on Saturday mornings.  This endeavor here at Sense on Cents is a few hours of written Q/A with your resident host.  I like to utilize the theme of a ride on the rails, so please allow me to expound. 

With so many cross currents at play in the markets, economy, and world of global finance, where can one go to develop a framework of understanding, enjoy the company of friends, and make sense of the madness? Welcome to Sense on Cents “Central Station.” Our ride departs Saturday morning at 9 a.m. with an expected return at 12 noon.  While we traverse the curves along our track, we can address a wide range of issues, including: Obama’s economic plans, Secretary Geithner’s outlook, the market performance this week, month, and year to date, developments overseas, the outlook for our financial regulatory structure, issues of personal finance, or anything else on your mind. 

Our ride is most productive with as many people participating as possible. Please bring not only your questions, but also your views. Invite friends, neighbors, and colleagues along for the ride as well. 

Your conductor is not a professional financial planner. I recommend that you consult with a licensed, qualified professional before making any investment decisions. I am merely a Wall Street veteran looking to help you navigate the economic landscape!!   

Come on back tomorrow morning at 9, submit your questions in the comments section, and away we go.. Aaaaaaaaaaaaaaaall Aboard!!


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