How’s that working for you?

Back in January, I posted a short article basically saying that it was way too early to call a bottom in financial stocks.  I had been reading an article on TheStreet.com by Doug Kass where he made the case that it was time to buy the financial sector, via XLF.   While I agreed with much of his analysis, […]

Taxes, Deficits, Inflation – Oh My!

Read this.  Please.  It’s the annual report from the Social Security and Medicare trustees, and it has bad news for anyone who doesn’t already have one foot in the grave. If you pay taxes, you will be paying more – a lot more – sometime soon.  The annual report contains all the numbers in black […]

What’s up with gold?

As regular readers know, I think that the price of “stuff” will go up long term as the dollar continues to fall – and the dollar will continue to fall long term, as our governemnt prints more pretty green pieces of paper.   So why have commodities (gold, silver, oil, wheat, etc.) dropped so much over the past 2 […]

The running of the bulls

From the 400 point rally today in the stock market, you’d think that the bulls are running rampant in Pamplona.  And you may be right, however…. Stocks are still down over 10% for the year.  The highly leveraged banks and Wall Street firms are still highly leveraged.  Massive amounts of mortgage backed securities – and their […]

What to do with your money

Given the posts I made earlier tonight, I’ve been thinking that instead of just outlining the problems of today (and how much worse it’s going to get) I should talk a bit about what to do with your money to allow you to keep more if it during this downturn – or worse – of […]

How Stupid Can They Be?

Ok, I don’t understand how such bright and well educated people can be so stupid.  I’m referring to the Federal Reserve which released their meeting minutes today.   In case you didn’t notice, here’s what happened in the markets today: Gold and oil hit record highs – http://www.foxbusiness.com/article/gold-prices-hit-28year-high_421594_1.html The stock market swoons:  http://money.cnn.com/2008/01/02/markets/markets_0405/index.htm?cnn=yes Here’s some background – […]