Monthly Archives: March 2014

Equity market more suicidal in 2014 than 2000 or 2007

For any of us that hoped people might have learned a little wisdom or self-preservation bias from the pain of the last two equity market implosions…we would be wrong. Emboldened by taxpayer bailouts, market participants heading into March were more … Continue reading

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60 Minutes: Tesla and SpaceX

Comparing the Tesla Model S to other cars is like comparing an iPhone to a desk phone. It is a technological marvel that scorches the pavement — zero to 60 in four seconds. Tesla is another revolutionary idea from the … Continue reading

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60 Minutes: “Flash Boys” and the rigged stock market

Steve Kroft reports on a new book from Michael Lewis, “Flash Boys,” that reveals how a group of unlikely characters discovered how some high speed traders work the stock market to their advantage.  Here is a direct video link.

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Canadian banks leading race to financial pain

The contest to entice every last warm body to reach for the most over-valued real estate in the world has reached a new fevered pitch in Canada. Here is a direct video link. A little appreciation of math goes a … Continue reading

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The painful boom and bust of the Fed’s financial repression

I was invited to a luncheon this week where the ‘Bernak’ is to be the keynote speaker. I declined on the grounds that seeing the master of disaster on his ‘250K a gig’ speaking tour would only upset my stomach. … Continue reading

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Bullard: QE done in 2014 and rates normal by 2016

Federal Reserve Bank of St. Louis President James Bullard has an ambitious plan about the expected timing of the Fed’s tapering and the trajectory of the U.S. recovery. Bullard sees rate hikes beginning in Q1 2015 and returning to normal … Continue reading

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