The following article “The Great Recession of 2011-2012” was written by James Srodes. It was published in the February 2010 issue of “The American Spectator. Mr. Srodes is an author and broadcaster and was the former Washington bureau chief for Forbes and Financial World magazines. I believe that his article is worth reading.
Warren Buffet’s Berkshire Hathaway announced that it is acquiring the 77% of Burlington Northern (NYSE:BNI) shares that it currently does not own. The media pundits and Buffet have said that with the acquisition he and Berkshire are making a big bet on the U.S. economy. I disagree.
In making the acquisition I believe that Buffet is [...]
Global Investor Services, Inc., (OTCBB:GISV) a company whose shares are currently trading for pennies has scheduled a conference call for Wednesday October 14, 2009.
In my 32 years in the investment industry, I have never heard of a penny stock company holding a conference call for investors. Its hard to fathom that the news or [...]
Gross said the situation remains precarious. His investment has repeatedly called the “new normal” of much slower growth rate than what the normal has been over the last 20 years. With another drop possible and continued deflation, he said 30-year bonds with a yield of 4.13 to 4.15 percent would become attractive.
Gartman calls Warren Buffet an idiot and he is currently short Berkshire Hathaway shares.
Comment: I still can not understand on how Buffet invested in GE last fall when the shares were last above $20. With his GE investment he broke his own rules.
http://www.cnbc.com/id/31494704
40 Banks have been closed by the FDIC this year. That’s a [...]
My counter, “This Bear Still has claws” to Bruce McCain’s salvo, “This may be a secular bear market but stocks can still rally” is now available at Bruce McCain is the chief investment strategist for Key Private Bank in Cleveland Ohio.
The blog war or the debate on whether we are in a bull or bear market is now on. I am now competing in a blog debate against Bruce McCain. He is the chief investment strategist for Key Private Bank. Bruce fired the first salvo “This Bull Market has legs” and I countered with “The [...]
The 25 year bull market which began in 1982 and ended in 2007 greatly distorted the premiums that investors should be putting on those companies that have a high percentage of ownership by the insiders and the management of a public company. The theory is that the management of those companies are generally much more [...]
Interest rates hit their highest levels in six months yesterday and mortgage rates have gone from under 5% to over 5.5%. The yield curve (the spread between short term and long term bonds) went to its highest ever. This new development; rising interest rates before an economic recovery is keeping Bernanke up at night because [...]
Dow up 49 points yesterday, Leaders C and JPM up more than 4%, Laggard GM down more than 4%.
CPI down .07% YOY, largest 12 month drop since 1955. This says that deflation is alive and well and is one [...]
Written by Michael Markowski on
February 26, 2010 – 9:22 am
