Another hilarious video…Max Keiser clearly hates the house of Sachs… Send article as PDF
Monthly Archive: July 2009
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Jul 17
Financial Guru…Lenny Dykstra
This is both hilarious & tragic all at the same time… The Daily Show With Jon Stewart Mon – Thurs 11p / 10c Lenny Dykstra’s Financial Career http://www.thedailyshow.com/ Daily ShowFull Episodes Political Humor Joke of the Day and the link in case it doesn’t work is here Send article as PDF
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Jul 17
How many bank failures?
Just back from holidays with a week off…anyway…another couple of bank failures in the US…First Piedmont Bank, Winder, Georgia and BankFirst, Sioux Falls, South Dakota …theseare the 54th and 55th banks to collapse in the US since the start of this “Great Recession”. Other interesting US economic points of note… The state of Michigan (home …
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Jul 08
Mutual Fund Theorem – Ignored by most financial advisers
According to John Campbell, Professor of Finance at Harvard, “academic finance has had a remarkable impact on many financial services. Yet, financial planners offering portfolio advice to long-term investors have received curiously little guidance from academic financial economists”. A case in point is the Mutual Fund Theorem, which was developed by Nobel Laureate, James Tobin …
Jul 05
Hedge Funds vs Banks
Whlst hedge funds have their problems, thanks to lack of transparency, high fees, etc; lets never forget that hedge funds did not cause this global financial crisis…banks did Send article as PDF
Jul 01
Is there value in inflation linked bonds?
The RBA provides daily reporting on three Treasury Capital Indexed bonds. They each mature in the month of August in 2010, 2015, and 2020 and are currently yielding 2.40%, 3.11%, and 3.02% respectively as at 30th June 2009. If we compare these Capital Indexed yields to the Treasure Fixed Rate yields for similar maturing securities …
Jul 01
US House Prices
Source: www.calculatedrisk.com I last published this chart two months ago and the trend has not abated. US House prices continue to decline and are currently around February 2003 levels. Include inflation and the housing prices are even lower. I guess some of the lessons in this include: never take increasing house prices for granted like …