Blog Archives

The Future of the US Economy

The other day I read an article bemoaning the state of the US economy. I read pieces like this every day, but one comment stuck in my mind. The author pointed out that the American consumer might be in a … Continue reading

Playing “Chicken” in Greece

The Great Bond Swap is underway for holders of Greek debt. In this exercise, Greek bondholders “volunteer” to let Greece default on the bonds they own now in exchange for fewer new bonds structured with lower interest rates and longer … Continue reading

The Great Compression

A stock’s price/earnings ratio describes how much an investor pays for that company’s earnings. The math is simple: it’s the price of the stock divided by recent earnings per share. If the stock price is $20 and the earnings are … Continue reading

Heavyweights Opine on Stocks

In the last two days, two headline investors have opined on the stock market, and their bias is positive. Larry Fink, who runs BlackRock, one of the largest investment companies in the world, is on Bloomberg news indicating that investors … Continue reading

A Public Service Message

As I was reading The Girl with the Dragon Tattoo, a Kuwaiti billionaire was turning livid. Bassam Alghanim discovered that brother Kutayba had paid to have his computer hacked and all the details of his private life – emails, financial … Continue reading