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HomeJoel Thurtell Shames Poway, CA Financing
Posted by Larry Doyle on August 10th, 2012 7:56 AM |
Do not discount the lengths to which some will go to satisfy a perceived current need while screwing future generations with an exorbitant — dare I say usurious — bill.
Just another day atop Capitol Hill, you think? No, for this scandalous behavior let’s navigate to Poway, California where town leaders recently utilized a capital appreciation bond to finance selected school operations.
How do capital appreciation bonds work? Well if you wanted any evidence as to the ignorance of the American public and the willingness of local pols to go to any lengths to feed the pigs then this story truly takes the cake. (more…)
August 8 Market Commentary: America’s Margin Call
Posted by Larry Doyle on August 8th, 2011 7:59 PM |
That was not a lot of fun.
The 6% selloff in the market we witnessed today is obviously tremendously unnerving.
Professional traders and active managers who monitor market moves on a minute by minute basis will have their their own opinions as to what did happen and what will happen.
For those in the audience who appreciate and embrace the true spirit of ‘sense on cents’, while we listen to the spin provided by market mavens, esteemed economists, political pundits, and Washington wizards, let us not lose sight of the real fundamental issues which remain at the core of our American foundation. (more…)
