Daily Archives: April 20, 2012

Good article this week on the sales pitch hogwash served by the long-always-stocks crowd urging equities are cheap and attractive today relative to bonds. (Actually they say this everyday at every price, since they are always in the business of … Continue reading →

This morning stocks are rallying again on the fumes of bailout funds expected out the IMF meetings this week. Nonsense aside, Spanish bond yields are back above the completely unpayable level of 6% this morning. At the same time, the … Continue reading →

Wall Street wants to free itself from the past decade’s regulatory reforms, and Eliot Spitzer says President Barack Obama is too willing to oblige. The former New York attorney general says, with the passing of the JOBS Act, banks are … Continue reading →