Wednesday, September 8, 2010

Buffet says Fed did the right thing…

May 3, 2008

It’s probably because he benefits so much from the boom-bust cycles and bailouts that the Fed creates, but Warren Buffet is not bothered by the moral hazard, inflation, and debasement of the dollar

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Warren Buffett To Go Shopping For Bargains

May 2, 2008

Berkshire Hathaway Inc. Chairman Warren Buffett, who has used dozens of acquisitions to beat every major U.S. stock index, is poised to extend his lead with more than $40 billion to spend as the credit crunch sidetracks other bidders. With the U.S. on the brink of recession, investors expect Buffett to deploy Berkshire’s cash to [...]

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LTCM Redux: Phd’s fail yet again

April 30, 2008

Apparantly they did not learn the first time…. John Meriwether’s Long Term Capital Management hedge fund blew up in the late 1990′s and was bailed out. It looks like he is well on his way to another failure

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Has the commodity bubble burst?

April 30, 2008

Recently, broad based selling swept through the energy, grains, livestock and metals markets…. Has the commodity bubble burst, or is this just another short term correction in a continuing long term trend? The current situation is similar to what I described late last

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China Sets Oil Consumption Record

April 30, 2008

China’s oil consumption hits record high in first quarter Soaring oil prices have not slowed China’s consumption of oil as statistics show that China’s apparent consumption of crude oil and refined oil products both hit record highs in the first quarter of the year. According to statistics released Tuesday by the

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Europe Braces for Inflationary Shock

April 29, 2008

http://www.iht.com. FRANKFURT: Europe is facing a “very strong inflationary shock” as a result of rising energy and food costs, the top European Union official for economic affairs said Monday as the price of oil neared $120 a barrel. Joaquín Almunia, the EU commissioner for economic and monetary affairs, said that higher inflation was emerging as [...]

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Is this really 70′s style stagflation?

April 29, 2008

April 28 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke may have to start talking and acting more like Paul Volcker if he wants to avoid being remembered as another Arthur Burns. With oil and food prices surging, Volcker told the Economic Club of New York on April 9 that “there are some resemblances between [...]

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The Stock Market Crash Of October, 1987

April 26, 2008

For a few short days in October 1987 the U.S. financial system came perilously close to completely collapsing. Dramatic shifts in the flow of capital between interrelated markets occurred as a sudden swing in expectations from optimism to pessimism among market participants overwhelmed the worlds financial systems. Panic selling led to a complete loss of [...]

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Food tensions creep to surface in USA

April 23, 2008

WASHINGTON/NEW YORK (Reuters) – With global tensions over food supplies mounting, prices of world staples rice and corn surged on Tuesday amid strong demand and concerns over slow planting of the new U.S. corn crop. Meanwhile, the Asian Development Bank warned Asian countries against export controls, and the Inter-American Development Bank said the food-versus-fuel debate [...]

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Bargains for high-grade bonds drawing in hedge funds

April 22, 2008

LONDON (Reuters) – The credit market turmoil is presenting opportunities for funds to snap up investment grade bonds at bargain basement prices, particularly among financials, but the window of opportunity is unlikely to be open for long. With hedge funds and other nimble investors coming back to the market, and historically wide spreads — the [...]

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