CNBC Million Dollar Portfolio Contest Bonus Bucks for Friday, November 18

Bonus Bucks for Friday, November 18 (the ones posted Thursday night). 1. On Wednesday, the Bank of England predicted that inflation would fall to what level in two year’s time? D. 1.3 percent 2. Despite the U.S. consumer confidence at recession levels, Smead Capital Management believes its time to buy shares of consumer discretionary stocks.Continue reading “CNBC Million Dollar Portfolio Contest Bonus Bucks for Friday, November 18”

EU Vassals.

One, politics in Europe are local, not “European.” Two, monetary, fiscal, and labor policy are at the core of the problems in the GIIPS. Third, The EU had better identify itself and make its presence known- finally. It is her “fight or flight” moment. The Entire EU hangs in the balance, and coupled with thatContinue reading “EU Vassals.”

Record Month For Bond Holders

Bond managers have recovered record profits in the past month. See attached charts, courtesy of Jpm:

Weakest Performing Financials (domestic & foreign)

No. Ticker % Change Industry 1 MKTG -20.71 FINANCIAL 2 ING -11.96 FINANCIAL 3 HMPR -10.18 FINANCIAL 4 AEG -8.82 FINANCIAL 5 DB -8.78 FINANCIAL 6 BCS -8.55 FINANCIAL 7 DGIT -8.53 FINANCIAL 8 RDN -8.53 FINANCIAL 9 OCN -8.25 FINANCIAL 10 HBC -8.04 FINANCIAL 11 CS -8.03 FINANCIAL 12 PNSN -7.76 FINANCIAL 13 LMLPContinue reading “Weakest Performing Financials (domestic & foreign)”

Read this Article America, 11m borrowers “under water”

30m mortgage holders out of 55m are paying above market interest rates… 1% over the average for a new 30 year… This is quoted from the article: “I answered an ad in 1995 that I thought was for a job related to “security” (as in security guard) but was in fact related to “securities.” That’sContinue reading “Read this Article America, 11m borrowers “under water””

Anglo American Plc Buyout

Anglo American Plc has bought out the Oppenheimer family’s 40% ownership of De Beers for approx. $5.1bn in cash. Anglo, will now control just over 85% of De Beers has forecasted a rise in demand for diamonds in emerging countries… “We’re seeing in the first half of this year a tremendous increase in demand comingContinue reading “Anglo American Plc Buyout”

Managing Economic Crises, Don’t Forget the Impact of Natural Disaster

The human cost to natural disasters like the one in Turkey weeks ago include injuries and temporary and permanent disabilities, temporary and permanent displacement of people, increased poverty and disease, and psychological scars. In addition Economic costs, based largely on direct infrastructure or losses of fixed capital and inventory, are also underestimated. Many indirect effectsContinue reading “Managing Economic Crises, Don’t Forget the Impact of Natural Disaster”

Crisis of Confidence

At this point it really doesn’t matter which way the crisis in Greece goes. The worlds confidence has fallen as bond markets have shown more alarm and the GIIPS have been forced a bailout. Government debt situations and the banking industry and heavily linked GLOBALLY, and more is likely to come (MF GLOBAL). The fallContinue reading “Crisis of Confidence”

“This is a question of whether we remain in the euro zone. This is very clear. It’s clear to everyone” – Papandreou

Ok, here is the itinerary: The ECB is meeting on November 3rd. The G20 is meeting on November 3-4, The Papandreou is attending on the 2nd day. A Eurogroup meeting will follow on November 7th, followed by an EU Ecofin meeting on November 8. The Troika was meant to disburse the sixth tranche of theContinue reading ““This is a question of whether we remain in the euro zone. This is very clear. It’s clear to everyone” – Papandreou”