Can The Recession Be Fixed?

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Attempts to fix the current economic recession have been on the front page for months as bailout plans and ideas abound to lend a helping hand to those entities that created debt of such gigantic proportions to be considered too large to fail. Are there any ways to fix the dilemma we’re in? Bill Fleckenstein had some thoughts on this …

Thoughts On The Obama Bailout Plan

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The upcoming Obama bailout plan has made headlines recently as the size of the future spending endeavor seems to increase in direct proportion to daily worsening economic news. 24/7 Wall Street featured a piece called “The Obama Bailout Plan: Spending Beyond The Imagination.” Let’s look at some highlights: It has occurred to the administration-in-waiting that every day that passes, every …

More On The Mortgage Shock

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Two days ago, on Sunday, I posted about “The Next Mortgage Shock.” Reader Professor Bornstein (Professor of Accounting & Taxation of Kean University, School of Business, Union, NJ) had an interesting point of view that had not been considered in the story or in the referenced video. In case you missed it, here’s what he said: I would like to …

The Dangers of Investing In Muni Funds

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For over a year I have warned against investing in municipal bond funds, because I believed that there would be some fallout from the credit crisis affecting this market segment as well, which turned out to be correct. The weekly table in section 7 of my StatSheet (see table above) clearly showed that most of the muni funds I track …

Sunday Musings: The Next Mortgage Shock

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Wall Street, along with many investors, seems to long have forgotten Subprime mortgages, which ignited the economic crisis we’re currently in. However, there are other dangers lurking which most people are not aware of. I am talking about the upcoming recasts of Alt-A (liar loans) and Pay-Option ARM mortgages (less than interest only loans). The more recent focus has been …

Looking At The Big Picture

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It’s easy to get caught up in the day-to-day news barrage and meaningless market fluctuations on Wall Street. Additionally, endless discussions as to whether we have hit a permanent bottom or not add to the confusion. My point has always been that it’s far more important to focus on the bigger picture, which is why I look at major trends …