September 2008

Here’s what was weighing on my mind’s market today: 1. China’s Crashed: So Buy 2. ChinAmericanomics 3. More Horrible News: So Buy? 1. Coke buys a Chinese juice company for billions. Perhaps a stronger dollar will result in more U.S. companies getting aggressive overseas rather than vice versa? China’s stock markets are at multiyear lows and showing nary a bounce, btw. Then ... read more

Heres what was crashing the stocks in my head today: 1. BRIC Sucks Too 2. I Was Wrong: Losing to Win 3. Buy Their Checking Account 1. Terex was one of those global infrastructure plays that were supposed to decouple from the U.S. downturn and grow right through it from demand in China, India and so on. Stay away from the cyclicals…the cycle is OVER! 2. I’d been calling for DJIA ... read more

Here’s what I was looking back at in the back of my own mind today: 1. Capital Destruction 2. Jedi Master Trade 3. Let Peyton Pay for It 1. People keep asking where the money from stocks, gold, oil, and what not keeps going. I think people are missing the point – when virtuous cycles of capital creation turn to vicious cycles of capital destruction…the market value of ... read more

For what avail the plough or sail, or land or life, if freedom fail? ~Ralph Waldo Emerson Well, that didn't take long, did it? But I thought Hank and his Illuminati friends in the banking syndicate and at Fannie (FNM) and Freddie (FRE) all assured us that they'd never actually use that power to socialize our entire mortgage system for themselves that they just granted themselves. Right. ... read more

1. Remember This Paulson Lie? 2. Political Home “Ownership” 3. Apple Trade Time Again 1. Here’s a quote from Hank Paulson: “"I come here as an individual who believes passionately in the strength of our free market system -- a system that generates growth, creates jobs, rewards initiative and fosters innovation like no other in history…. And so, I see this as an opportunity ... read more

I'm watching Monday Night Football as I wind down my day here and that's got me thinking about perspective on how the Colts, its owners and the people like Peyton Manning who they pay millions of dollars to are ripping off the taxpayers in Indianapolis.  I mentioned this in my Big 3 on Friday and we covered this again on Happy Hour today. The Colts and their stadium are being paid for with ... read more

I'm terrified by what Paulson and Bush and the Democratic/Republican congress have just done to our country. So many guys whom I used to consider freedom-loving individuals have embraced this heartbreaking loss of personal property rights in this country caused by this nationalization of the two largest investors in mortgages in this country that I want to address their supposed logic. The ... read more

You guys see me freak out about the nationalization of our mortgage industry on Happy Hour last night? I'm not okay with the nationalization of Freddie and Fannie and I'm serious that I'm scared about the US economy's vitality for the first time ever in my life. Lots of people tell us that the government had to step in and save these homeowners and their creditors because the "crisis in ... read more

1. $2 Billion Humpty 2. Republican/Democrat Commies? 3. 9/11 Desiderata 1. But I thought everyone promised me that if we’d just give Bear Steans’ shareholders $2 billion in taxpayer money, that it’d stop the crisis. Try, try as they might, nothing but time and price will stop this still ongoing crisis. 2. Read headline today: “Medvedev Says Russia Must Pump More Money ... read more

I've long warned against chasing the supposed capitalistic boom in China, as I don't think the American companies who have put so many hundreds of billions of buildings and factories and distribution centers and so on in China are thinking about how badly they might end up screwed if the Chinese are to start doing what we're doing here in the US right now with Fannie, Freddie, et al -- changing ... read more