We’ve been frugal. Now we can get back to normal. We might even take a trip. – Charles Ojuri, whose small construction firm received a $780,000 contract to clear trees around I-215 John Husing, an economist who closely tracks the…
We relied too much on the U.S. market. …… China’s ability to consume has now reached a fairly high level. It’s at a turning point. – Tom Tseng, General Manager of bicycle manufacturer Tandem Industries, whose U.S. sales have fallen…
The Wall Street Journal ran a fascinating front page story last Thursday on the implosion of Taylor, Bean & Whitaker Mortgage Corp, the nation’s 12th largest mortgage lender: “With a Quick Rise, Hard Fall, Home Lender Marked an Era”, The…
Erin Burnett interviewed investment legend Julian Robertson on Street Signs yesterday. The second part of the video isn’t working so here is the first part. I’ve e-mailed CNBC because I’m dying to see part two as well. In this video,…
Steve Pearlstein is one of the best in the business. Today’s column is a gem: Yes, the financial crisis has passed and the economy is growing again, but there’s a good chance that growth will be temporary — the result…
Fascinating piece by Jim Jubak yesterday: “Will US Repeat Mistakes of 1937?” The argument here, and I believe he’s right, is that the current economic recovery depends on all the massive government stimulus. If the government thinks the recession is…
Great post by Robert Reich on what’s going on: So how can the Dow Jones Industrial Average be flirting with 10,000 when consumers, who make up 70 percent of the economy, have had to cut way back on buying because…
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
(Source: “Investors Get Back $18.31 Trillion”, BeSpoke Investment Group, September 21)
The Wall Street Journal wrote an editorial on the dangerous growth at Ginnie Mae on August 11th: “The Next Fannie Mae”. It makes the same points I made the other day in “Ginnie Mae Accounts for 20% of New Mortgages In…