Category Archives: Uncategorized

Benign Deflation . . . or . . . Central Bankers Gone Wild

On Wall Street, alas, no bad deed goes unrewarded. After failing to anticipate even one of the past three recessions, and after sitting idly by during the housing bubble as the “safety and soundness” of the U.S. banking system evaporated, … Continue reading

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Stocks Can Scale a New Wall of Worry

Last year, despite slowing profit growth, U.S. equities experienced a “valuation levitation” because they were too cheap compared to bonds and cash. Why own a bond yielding 3-5% when you could own a stock with a 3% dividend yield, 8% … Continue reading

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WSJ May 24 2006 Fed Freakout: a Bernanke Geithner Recession?

Fed Freak-out A Bernanke Geithner Recession? Real Estate Reels from Coast to Coast By Randall Cunningham And Martha Ridzoli WASHINGTON  May 23   The Federal Reserve’s surprise decision a week ago to prohibit sub-prime lending continued to roil financial markets and … Continue reading

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Do the Dow Industrials Grow Much More Slowly than Smaller Competitors? We Examine 20 Industries

For a growth stock investor like myself, a major challenge is buying companies that really will grow as fast as Wall Street expects—and sell names that run out of gas before it’s obvious to the market.  A major risk is … Continue reading

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Democrats’ Obama Problem

The “Sunday Review “section of the New York Times—what used to be called the “Op-Ed” Section—unerringly reveals liberals’ current fantasies and fixations.  Now they’re in a panic about the surpassing incompetence of the Obama presidency, a somnolent ineptitude so perverse … Continue reading

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Sins of Commission and Omission Curb GDP Growth

Bulls on U.S. GDP growth have been wrong for five years, and they are still wrong.  Q1 GDP grew just 0.1%.  Sure, weather was a problem, but, as Mr. El Arian points out, in a robust economy bad weather in … Continue reading

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What’s the Catalyst? — Wrong Question for Long-term Investors

One advantage of being a geezer on Wall Street is that you’ve seen a lot of markets and the different ways people can think about stocks.  In the mid-1980s everyone was looking for “restructuring plays” that a junk-bond financed corporate … Continue reading

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Obama and Putin Talk Ukraine, Moldavia, Estonia – and Obmacare !

TOP SECRET Transcript: POTUS – Putin Phone Conference, April 14, 2014           Page 2 of 6 . . . repect the sovereignty of Ukraine.  Moldavia and Estonia must also remain free and independent, without interference from Russia.  It is for that … Continue reading

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Stocks: Where We Stand

They will rise this year, but not dramatically.  Early in 2013, when the Street was cautious, we expected “valuation levitation,” which happened.  Late last year we warned rising complacency would lead to higher volatility, but we stayed positive as investors … Continue reading

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Where Are Krugman’s Black Colleagues?—a Disturbing Diversity Dearth

Without regard for civility or accuracy, econo-gadfly Paul Krugman will accuse conservatives of racism at the drop of a hat.  In a recent NYT column he: Accused Paul Ryan of using a “racist dog-whistle” for making comments similar to Barack … Continue reading

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