Monthly Archives: November 2011

It’s 1931

Posted on November 9, 2011 by Ray Galkowski, CFA

I channel Dow Jones Market Talk, which channels Brad DeLong, who channels Rogoff, Reinhart, and Krugman. MARKET TALK: It’s 1931 DOW JONES NEWSWIRES 5:20 (Dow Jones) “I have been complaining for some time now that Reinhart and Rogoff think that … Continue reading →

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Michael Lewis on Daniel Kahneman in Vanity Fair

Posted on November 8, 2011 by Ray Galkowski, CFA

I am reading Kahneman’s new book now and find it fascinating even though I was aware of many of the concepts in it. Those who study human behavioral flaws know that mere awareness of them is not always sufficient to fix our … Continue reading →

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It is Unfortunate that Professional Sports Franchises are not Shortable

Posted on November 5, 2011 by Ray Galkowski, CFA

I suspect these stories are an omen for the Wilpons’ continued ownership of the Mets: Mets will pay 3 percent interest to investors http://www.nypost.com/p/news/business/mets_next_pitch_WTbeypwaj93Lp1Mb58gOQN#ixzz1cr5G1BU4 Mets lay off 10 percent of staff http://www.nypost.com/p/news/local/queens/front_office_met_ax_uFsH3565WnN4JOaARQlTvJ If Reyes waits, he’ll get big bucks — but … Continue reading →

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Mr. Market Yawns at G-20 Failure to Fix Europe’s Problems

Posted on November 4, 2011 by Ray Galkowski, CFA

In the last 45 minutes of trading on October 4, the US stock market shot up almost 4% on a rumor that France and Germany would talk about a plan for the Euro debt crisis. Since then European leaders have met several … Continue reading →

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To Use the Final Words of Steve Jobs: “Oh Wow.” (Video)

Posted on November 3, 2011 by Ray Galkowski, CFA

I think Jobs would have been impressed…and probably would have spent hours trying to figure out how to build a robot that could kick this one’s ass. H/T Marginal Revolution Mona Simpson’s Jobs Eulogy Here: http://www.nytimes.com/2011/10/30/opinion/mona-simpsons-eulogy-for-steve-jobs.html?_r=2&pagewanted=all H/T: Cafe Hayek… Continue reading

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The GD Words were used at the CFA Institute’s European Investment Conference

Posted on November 2, 2011 by Ray Galkowski, CFA

Uh oh. …MIT Sloan School of Management professor Simon Johnson didn’t equivocate on the perils of the current global economic environment. “We have built a dangerous financial system in the United States and Europe,” said the former chief economist at … Continue reading →

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Immigration as One Part of a Solution to US Economic Problems

Posted on November 2, 2011 by Ray Galkowski, CFA

Two days ago I wrote about the baby tourism industry on which a Rock Center segment focused: http://amarginofsafety.com/2011/10/31/baby-toursim-us-problem-or-opportunity/ Today a Wall Street Journal story highlights that allowing wealthy foreigners to immigrate to the US may be more of an opportunity than many know–under the proper … Continue reading →

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Capital Economics on the Bailout’s Fanciful Notion

Posted on November 2, 2011 by Ray Galkowski, CFA

Interesting DJ Newsire Market Talk story: DOW JONES NEWSWIRES 1:04 (Dow Jones) “Even if the Greek referendum problem is ironed out, hopes within the euro-zone that governments from outside the region will contribute to an increase in the ‘firepower’ of the … Continue reading →

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