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Drain the Swamp

Read the article from this week’s Barron’s Magazine – “Was The Flash Crash Rigged?” The expert cited in the article implies market manipulation by high frequency trading (hft) firms. If they have not done so already, the SEC needs to immediately launch an investigation (and be more rigorous than when investigating Madoff). Capitalism thrives because […]

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I’m Getting Tired, Pick up the Pace

The August 22, 2010 New York Times carried an article (In Striking Shift, Small Investors Flee Stock Market) noting that investors resumed their net liquidation of common stock holdings in a material fashion (over $33 billion) during the first seven months of 2010.  As we interpret price charts, the last secular bear market in common […]

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Markets in Transition

Jeremy Siegel and Jeremy Schwartz write in the Wall Street Journal today that common stocks are attractive and bonds are not. With regard to bonds, this appears to be a blinding glimpse of the obvious, with interest rates at generational lows. But, we tend to use bonds for their capital preservation characteristics as opposed to […]

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The Public Pension Reform Dividend

The burgeoning growth worldwide of unfunded liabilities has received a lot of press lately. Defense spending (future blog), pension liabilities and public sector salaries have been drawing the most ire from both sides of the aisle. Public debt concerns across the world have been much in focus, with the Greek debt crisis and public spending […]

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Ethics Aren’t Relative

Einstein famously said his theory of relativity applied to physics, not ethics. We’re reminded of this quote when reading Nassim Taleb’s blog recently on the Huffington Post. Taleb tells a story of being pitched a financial product by former Fed Governor Alan Blinder. Blinder was able to use his knowledge and experience as a former […]

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