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From the category archives:
General
Buffett says U.S. Treasury bubble one for the ages
Feb. 28, 2009, NEW YORK (Reuters) — Warren Buffett, whose Berkshire Hathaway Inc. sits on $25.54 billion (17.8 billion pounds) of cash, said worried investors are making a costly mistake by buying up U.S. Treasuries that yield almost nothing.
In his widely read annual letter to Berkshire shareholders, the [...]
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This just in from a colleague of mine. I agree with him. See my comments below. — Larry
Banking financial services stocks have taken a beating in the last year. The diversified banks group within the S&P 500 Index have fallen 54% in the last 12 months alone. This presents a unique opportunity for investors who don’t [...]
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Good news is hard to come by these days. With announcements of new layoffs making headlines everyday and record losses tainting earnings reports all over the world, one can easily forget now may be the best time to invest in markets.
The Fed recently released numbers that showed the median net worth of the typical American family [...]
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No. I don’t think so.
To be sure, his speech was short on details. But in my opinion, Geithner’s got it right. Especially the expansion of the TALF program. For those of you not up on it, Geithner is essentially proposing to bring the securitization process back into the fold, allowing private hedge funds and [...]
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The Obama administration delayed the announcement of its bank rescue plan until tomorrow as Congress remained focused on the economic stimulus package.
Details of the bank bailout plan were expected today, but the Treasury Department said Timothy Geithner will make the announcement at 11am EST on Tuesday. Details of the plan have been scarce, but it [...]
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The U.S. Senate readied itself over the weekend to vote on a huge $780bn stimulus package aimed at giving the economy the short-term jolt it needs to get on the path to recovery. Senators worked over the weekend to trim the hefty package which included amendments that had inflated its size to nearly $1 Trillion.
Debate [...]
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Jan 6, 2009 (WALL STREET JOURNAL) — In an early sign that some steel prices may have bottomed out, steelmakers in the U.S., China and some other countries are attempting limited price increases and reopening a handful of mills that were closed because of weak demand a few months ago.
It isn’t clear whether the price [...]
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My “G-20’s Secret Debt Solution” article last week set off quite the buzz all over the investment community, including on this blog. I was flooded with comments from readers.
While some think I’ve lost my mind, I do have history on my side (not to mention some distinguished company in my camp, including George Soros.)
[...]
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This is cute and meaningful – Best, Larry
If you had purchased $1,000 of shares in Delta Airlines one year ago, you will have $49.00 today.
If you had purchased $1,000 of shares in AIG one year ago, you will have $33.00 today.
If you had purchased $1,000 of shares in Lehman Brothers one year ago, [...]
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