News, Research & Insights for American Homeowners, Patriots & Constitutional Conservatives
Dislike.
Not only is this not surprising, it’s arguably warranted, given what has been revealed in the days after the world’s largest IPO turned into the largest IPO faceplant in recent memory. Three investors have filed lawsuits against Morgan Stanley and Goldman Sachs after revelations that it revised its revenue forecasts on Facebook just before taking [...]
"Unexpectedly"!
Looks like Goldman Sachs has the right perspective on first-quarter growth, although perhaps not the right amplitude. Earlier this week, GS warned investors that the Q1 GDP estimate would drop to 1.9% based on limited warehouse inventory expansion, but that the trade numbers for March might push it down even further. Today, the Commerce Department [...]
Changes
In the unlikely event that you somehow didn’t win half a billion dollars last night, you may have to get back to thinking about your retirement plan this morning. The eggheads at Business Insider continue to track the economic trends across the nation, both current and historical. (If you don’t remember where you’ve been, it’s [...]
Related?
Investors have fled Carbonite like Carbonite fled Rush Limbaugh, but, as they say, correlation is not causation, so it’s impossible to know for sure whether Carbonite’s stock has plummeted because the back-up company withdrew its support for the top talker — or just because. Nevertheless, the facts are what they are: Since the market opened on [...]
Economics makes my brain hurt, but here we go...
Let’s provide some fair warning before we dive into the subject. This column deals with economics. Now, to be clear, I have no inherent hatred of economists. I just don’t understand them. Generally, when an economist starts talking, my eyes quickly glaze over and roll back in my head. I’m sure the information is important, [...]
He'll always have Corzine.
No surprise to you and me, but apparently this comes as quite a shock to the Huffington Post. Paul Blumenthal reports that Democrats sputter that Wall Street never had it so good, but perhaps the investors in the world of finance might know a bad stock when they see it. Obama has been outraised in [...]
"Not even a good junk bond."
We already know that the Obama administration’s stimulus-funded subsidies of green-energy firms have been rather poor investments. Solyndra, after all, collapsed while taking over half a billion dollars in taxpayer money with it, after the Department of Energy illegally subordinated taxpayer risk for later investors — mainly an Obama bundler from 2008, George Kaiser. CBS [...]
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