Revolutionomics

Can someone tell me what the government’s definition of “Financial Institution” is? U.S. Seeks Expanded Power to Seize Firms Goal Is to Limit Risk to Broader Economy The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge ... read more

Seriously, this confiscation of wealth is bad enough. But then to have to suffer through watching these self-serving, self-dealing, power-mongering Republicans and Democrats pretending they have a) a clue about b) no culpability, much less FULL culpability for our economic nightmare of slippery socialism that they've wrought. I hate to say it, but I have been warning as loudly as I ... read more

As I've been so vocal and adamant against all the forms of corporate welfare (you can call it "bailouts" if you want), I've gotten one question over and over as these two real quotes from my blog comments asked: "What should we do about it?" "What are you, we, going to do about all this?" So many people write to me saying they feel that, now more than ever, they don't have a voice as ... read more

Some thoughts that are kicking off the playoffs in my own head this weekend: * I'll introduce this more formally in an upcoming post this weekend, but I want to let readers know now that after two years of blood, sweat and tears, we're proud to beta-launch SpokeUp.com - The social network for individuals who speak up. You can visit my profile page at http://spokeup.com/pg/profile/cody and ... read more

Just a quick reminder that if you sign up for the RevolutioNewsletter today, you get it for half price. Starting tomorrow, the price jumps from the introductory sale price of $10 a month or $100 a year to the actual price of $20 a month or $200 a year. I want to be clear that the whole point of the RevolutioNewsletter is to remember that it's always about the SLOW MONEY and that we're trying ... read more

Here's the intro to the latest bi-weekly RevolutioNewsletter that we published today. CLOCK IS TICKING ON THIS LIMITED TIME OFFER: Subscriptions to RevolutioNewsletter (including full access to RevolutionPicks.com) are $20/month or $200/year. But you can sign up before the end of the year and get your first year of the RevolutioNewsletter and access to ... read more

I ended my Revolutionomics class last night by giving the following final. I'll post my answers to each question tomorrow, but give it your best shot. You can email me your answers at cody@foxbusiness.com or post them in the comments below - 1. Name three standards not mentioned ever in this class. 2. What is the ... read more

Here's an email I just got from a long-time friend, colleague and reader of mine: Hey, Cody, Did you see this? Two central bank officials, speaking at the annual economic forum in Beijing said exports shrank in November.  This is compared to Bloomberg estimate of +14.8% and the October reading of +19.2%.  A decline in exports would be the first since June 2001. Not sure if it ... read more

Once I had a woman I could call my own Once I had a woman now my woman is gone Once there was a river now theres a stone You know its evil when you're living alone Water of love deep in the ground No water here to be found Some day baby when the river runs free It'll carry that water of love to me -- "Water of Love", Dire Straits Remember when everybody used to come on Happy Hour and ... read more

So many stocks look so cheap.  Last night during Revolutionomics class at Seton Hall, my students and I ran through cursory balance sheet and price to earnings ratio analysis for a bunch of different companies. Great companies like Caterpillar, now down 70% from their recent highs, are trading at single digit P/E ratios.  Cat's gonna earn about $6 per share this year and with the stock ... read more