Category Archives: Stocks

High Yield Spreads, Minsky Moment & Putin

I’m bracing for what could be a pretty severe market correction. There is a lot of leverage being used in the market with little appreciation of the risks, sometimes referred to as a Minsky Cycle. Once that cycle takes hold … Continue reading

Posted in Democracy, Diplomacy, Economics, Foreign Affairs, Politics, Ruminations, Stocks | 1 Comment

Is there a storm coming?

Anyone who has spent some time in a sailboat will have an appreciation for the ‘calm before the storm’.  It is a brief moment that is simultaneously peaceful and unsettling; there is no mistaking it. Everything slows down and the … Continue reading

Posted in Business, Economics, Finance, Global Interest Rates, Globalization, Macro, Monetary Policy, Ruminations, Stocks | 2 Comments

What happened to "The Buck Stops Here"!!!!!!!

President Truman must be rolling in his grave.  We have become a society enthralled with the notion that responsibility lies…… way over there.  Burn yourself on HOT coffee at McDonalds?  Easy, just sue them for serving you hot coffee.  Suffer … Continue reading

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Join the UAW and get paid $26 an hour to do crossword puzzles!

If you want to know why Ford and GM are having tough times right now, you can start by looking at their Jobs Bank program. The program was started back in the 80’s to ‘protect’ workers from layoffs. Now, there … Continue reading

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State of The Union Address – 2006

I was impressed with Bush’s presentation – well done; but I am not moved. He continues to polarize and aggitate. He continues to call anyone who disagrees with him a defeatist, isolationist (incorrectly), or a protectionist. America is a great … Continue reading

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Why I did NOT buy GM

I am a dividend yield lover. When I saw GM’s 10% yield earlier this month I was foaming at the mouth. BUT, when I did the math (hmm, $19 stock paying $2 a year in dividends) and considered the fact … Continue reading

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