“Lot of action, Mike…Lot. of. action.”

August 27th: That’s a quote from Rounders (before they get beat up by a bunch of cops at a card game), and whenever I think of it in terms of the markets for the past week, I can’t help but laugh. There has been light volume on the major indexes, and people are either waiting [...]

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“The declining value of your college degree”

There is an article in the Journal today, which at first glance didn’t seem so farfetched… “A four-year college degree, seen for generations as a ticket to a better life, is no longer enough to guarantee a steadily rising paycheck. Just ask Bea Dewing. After she earned a bachelor’s degree — her second — in computer science from [...]

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Paulson’s thoughts on the dollar

Barry Ritholtz from the bigpicture got this before me… Ron Paul brings up some very viable concerns about our dollar policy, particularly about the variance between Paulson’s remarks about our currency while he is in America, versus those he makes when he visits China. He also points out that increased regulation coupled with low interest [...]

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McCain’s thoughts on Fannie and Freddie

“They must not fail,” McCain said during a campaign stop in Belleville, Michigan, today. Fannie Mae and Freddie Mac “are vital to Americans’ ability to own their own homes,” – Bloomberg Thanks John, for that very thought provoking bit of information…I guess the fact that you’ve acknowledged the financial crisis is a quantum leap from [...]

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Good news on the commodity front

Finally some mercy in the hard/soft commodity market: BRENT CRUDE FUTR:     $141.50     -2.02% 11:10 AM NATURAL GAS FUTR:     $13.03       -4.05% 11:10 AM CORN FUTURE:               $747.00     -3.86% 11:25 AM SOY BEAN FUTURE:        $1561.00    -4.29% 11:29 AM WHEAT FUTRURE:           $836.00      -5.77% 11:30AM A couple of factors have spurred the pullback today, including some profit taking following speculation that [...]

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A democrat who runs a bigger deficit than Bush?

I try to stay as far out of political journalism as possible, because everything seems to boil down to subjective oppinions which have little substance. This article on Bloomberg is a prime example: Higher taxes for hedge-fund managers and oil companies will not cover anticipated Obama tax cuts for the poor and middle- class, universal health [...]

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A lot of doubt in the media…

This is some market, but as Warren Buffet says, “when everyone gets scared, I get greedy.” That is not to say that this downturn is over, but something tells me we will have a relief rally next week. Just a hunch, but it will be the end of a REALLY bad month (down 8.5%), it’s a short trading week before America’s holiday celebrating [...]

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Jim Kunstler

http://jameshowardkunstler.typepad.com/ He’s an utterly cynical bastard, and I’ve never seen him this angry in a post. Brace yourself if you’ve never read his material before…

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