Category: "Financial Markets & Real Estate"

Market can't fight economic fascism

While I predicted (though not with high confidence) a potential temporary market rally over the next few weeks, the market simply can't fight through the continuing stream of economic fascism (and I do not mean that as hyperbole) coming from the White Ho… more »

Squeezing out a market-generated recovery

On Wednesday, the National Association of Realtors reported that existing home sales fell 5.3% in January, much worse than expectations, and the slowest sales rate in 11 years. There was an interesting comment from NAR's senior economist, Lawrence Yun… more »

A few early-morning headlines of note, and thoughts which might not be of note

Official: Budget projects $1.75 trillion deficit GM posts $9.6B 4Q loss, burns through $6.2B cash Royal Bank of Scotland reports $34 billion annual loss Ukraine's credit rating cut by S&P amid default fears We're surrounded by the worst e… more »

Obama's real estate socialism

A day after signing a bill that will likely cost American taxpayers more than $3 trillion over the next decade, Barack Obama announced today that his interest in interfering in private contracts and forcing all Americans to absorb the losses for bad deci… more »

My letter about Rosen and Madoff

The Rocky Mountain News was good enough to publish my letter to the editor about the theft of Mike Rosen's savings by Bernie Madoff. It's a much shorter version of a note I posted on the subject the other day, but I think it bears repetition in this for… more »

The stock market has little hope for Obama

For those of you who haven't been paying attention to financial markets (which is probably somewhere between 0% and 2% of my readers), I'd like to point out that the Dow Jones was not only down 9% in January, but it's down 17% since the election of The C… more »

Barack Obama, meet Mr. Dow and Mr. Jones

I'm not necessarily attributing causality when all we really know is correlation, but the stock market dropped 180 points, or about 2.25% in the 4 hours after The Chosen One became the 44th President of the United States. My mother asked me if there w… more »

Michael Lewis: "The End of the Financial World as We Know It "

Over at the NY Times, Michael Lewis has written (with David Einhorn) a typically fascinating article, particularly the discussion of the guy who tried multiple times to explain to the SEC how Bernie Madoff had to have been a fraud. You can read the ar… more »

Alex Epstein on the financial crisis: Free-marketers must speak up!

The Telegraph [London] December 10, 2008 What capitalists need to understand By Alex Epstein Iain Martin’s observation - “A culture war has been launched against free markets and so far the hostilities have been astonishingly one-sided” - unfortuna… more »

A highly-caffeinated resort

As I sit here on Matangi Island in the northern region of Fiji, the island next to me is apparently being developed into the world's second "seven star resort" by the people who founded Red Bull energy drink. I'm told the following: They bought the i… more »