Capitalist blog revolution

Here’s a post copied from Save Capitalism. Check out his blog if you’re interested in how a capitalist from Sweden views the economic meltdown.  It’s good stuff! gk Capitalist Blog Revolution (III) : We all hate Keynesians now I predict that before this all is over, anyone promoting Keynesianism will be hung very high. Not because […]

How to save the world

It’s a cool rainy day in Knoxville, so I’ve been catching up on my reading.  Yesterday’s Daily Reckoning had a great article titled “How to Save the World” and I want to post a bit of it here with some comments, because it sums up the cause – and the solution – to the economic […]

The IOU song

Saw this on Save Capitalism today.  Good stuff to help illustrate what terms like “credit” and “lending” really mean – IOU. gk

Q1 S&P 500 earnings are toast

The latest numbers from Standard and Poors are even worse than yesterday.  Now, even Operating earnings are negative, not just as reported earnings. Check it out here.  Link will open an Excel spreadsheet. Notice the Operating earnings for Q1.  The total for the S&P 500 is now negative 56 cents.  As reported earnings are now […]

Today’s top news

Here are the top 10 news stories today from Reuters Business News as of 4:55 PM ET.  Notice a pattern? Wall St pulled lower by banks, S&P below 700 – 14 minutes agoStocks fell in volatile trading on Tuesday, with the S&P ending below 700 for the first time since October 1996 as persistent uncertainty about the amount […]

When will the recession end?

Good series of articles in the NY Times today titled When Will the Recession Be Over? It’s a good read with differing views, but the bottom line consensus is “not soon”. gk

Taxpayer beware – the bailout will hurt

Ransom note?  Robbery note?  Hold-up note?  I’ve heard it refrred to by all those terms, but according to a one page “research note” by Joseph LaVorgna of Deutsche Bank, the US taxpayer is hosed no matter what the government does. I heard about it on NPR – of all places – on Friday this week, […]

The meltdown wasn’t what you think

Good story on Marketwatch.com talking about the cause of the financial meltdown and credit crunch. Everyone knows the crash of 2008 was caused by financial deregulation except Thomas E. Woods, who blames financial regulation, in the shape of the Federal Reserve. Wood’s new book, “Meltdown: A Free Market Look At Why the Stock Market Collapsed, […]

Stimulus bill explained

This is hilarious – the sad part is that much of it is also true.  Check out Stimulus Package Explained” on The Daily Capitalist.  Here’s a snip: We need to keep that money here in America. You can keep the money in America by spending it at yard sales, going to a baseball game, or […]

Stock market volatility is back

I’m not the only one saying the S&P 500 needs to drop.  An article at My Budget 360 has some good information and analysis about P/E ratios and why they matter. Some are arguing that the fair value of the S&P 500 should be somewhere around 440 if we take a multiple of 15 which […]