Ok, so I blogged that credit was stuck on stupid and how our bank is stuck in that mode. I think I was a bit hasty. Today our bank talked to us and they told us that our mortgage was pre-approved, but that it was not a mortgage. Not a mortgage, huh? What is that? (more…)
I read an article that said credit is stuck on stupid. This article talks about how willing buyers and sellers just can’t get deals done. It is hitting particularly close to home because we are just now buying a house in Quebec and let me tell you things are stuck on stupid. Let’s say that (more…)
Oh boo hoo, now we have two people saying that high frequency trading is a problem for the market (1,2). When JP Morgan discusses high frequency trading, people listen. When the head of JP Morgan’s algorithmic product desk Carl Carries says that high frequency trading is merely a form of parastic market making, people should (more…)
It’s amazing when Cerberus outbid Magna to buy Chrysler I said it was a doomed deal. And what happened? Fiat bought a stake in Chrysler for zip, nada, zero! Cerberus f***d up this deal. But hey private equity is dumb as wood sometimes and lo and behold they are about to make another move that (more…)
So I just got message that Bob Lutz is going to run the marketing and communications of GM! Wonderful the exact WRONG person for the job. Want to know the real Bob Lutz? The fundamental problem with this guy can best be summed as follows: Lutz talked about something that we will term the 95 (more…)
At Zero Hedge there was this post on market manipulation. Is this an admission by Goldman Sachs that there is the possibility of manipulation in the market? Does anyone think that this is the only program in the world that can “manipulate” markets? With all the programmers in the world, we can only imagine how (more…)
Many complain about the mainstream media in how they miss points, and how they keep looking at the bright side of things without seeing the dark side. Well, Bloggers need to get a life. For the most part I have completely ignored blogs like Mish’s, and How I Made My First Million at 33, and (more…)
So I was reading this New York Times article, and it said the following: But even if nobody achieves album sales on a Jacksonian scale, couldn’t he or she be an artist every bit as popular, every bit as loved, every bit as listened to? Probably not. The pop-idol field — like every field that (more…)
Oddly enough I seem to be getting quite a few requests asking, “so Christian what are you investing in?” Since the beginning of this year I have been advising my mother on her investment portfolio. Though she does give me quite a few good tips as well. She started investing again this year and her (more…)
I was asked by Bill: How would “the USD being dropped as the global reserve currency” factor into your recovery predictions? and why? First of all lets talk about the elephant in the room. Will the US be dropped as the global reserve currency? Yes! Will it be tomorrow? No! The USD will always have (more…)
