Entries from February 2009

Friday, February 27th, 2009

$JPM Cuts Fed Revenue by 1 Billion

For three days I’ve been waiting for someone, ANYONE to publish the real reason that $JPM cut it’s dividend (.38 to .05). JP feeds a line of malarkie to the press about wanting to pay back TARP asap. How patriotic (yeah, that was sarcasm). 
Fact is, JP is kicking Uncle Sam where the sun doesn’t shine for the fiscal year of 2009 by cutting 4 billion [...]

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Tuesday, February 24th, 2009

Bernanke Speech “Franchise Value”

Bernanke gave a speech about the rosey prospects of domestic banks and the verbatim phrase was “significant franchise value.”  Here is a look at what he was referring to along with its proper translation:

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Tuesday, February 24th, 2009

Santelli Slays Politicians

JUSTIN

   …and the fact the the new administration seems hell bent on putting an artificial floor on housing prices and lowering mortgage/interest payments even more does not give me much hope that they’re diagnosing the problems correctly. As Rick Santelli recently said, “I know Mr. Summers is a great economist, but boy, I’d love the [...]

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Saturday, February 21st, 2009

I Don’t Believe in Buffet

Backdrop: Oct. 15, 2008
Warren Buffet: “If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities.”
Tick Talk: 5 Reasons to Ignore Warren Buffet  (old fart is doing that ”verbal intervention trick” hoping more buyers will hop in and he/brk.a/brk.b can cash out).
SeekingAlpha readers:
Agreed: 5
Disagreed: 23        …and I quote: ”Who the hell are you?” “You’re a nobody.” “Any [...]

More on this topic (What's this?)
Warren Buffett ~ Market Folly Quote of the Week (market folly, 7/7/10)
A Simple Method for Buffett Like Returns (Fusion Investing and Analysis, 7/26/10)
Forbes on Warren Buffett: A Multi-Decade Look At His Career (market folly, 6/21/10)
Read more on Warren Buffett at Wikinvest

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Tuesday, February 17th, 2009

Unfit for the Time

The constitution is hanging by a thread. There. I said it. And perfectly sincerely too. Congress has finally and formally approved funding for the solution of all solutions, the TSE (tax-payer sponsored entities). It looks like this: IF you have a job, be grateful. All of your earnings will pay for your taxes and your company’s taxes; and the [...]

More on this topic (What's this?)
Niall Ferguson: U.S. Treasuries are the Pearl Harbor of Safe Havens (Expected Returns, 7/8/10)
Your Tax Dollars at Work (Red Hot Energy and Gold - Global..., 7/28/10)
Tax Time Do’s and Don’ts (Fusion Investing and Analysis, 6/16/10)
Read more on Taxes at Wikinvest

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