This is a huge move for GM as it greatly reduces the biggest risk hanging over the company, which is their pension shortfall.  The stock is probably the cheapest manufacturing company in the United States from a valuation perspective.  I’m not sure if there will be resistance to this move, but if they are able...Read More

It is time that we realize that the Federal Reserve has done everything that they could do for the economy.  They obviously must continue to create liquidity but the problems are fiscal in nature.  Politicians in Europe and the United States must understand that it is time to declare an all out offensive on promoting...Read More

This article discusses how long-term treasury yields are at 220 year lows.  It is amazing to see the level of fear and hysteria that these low interest rate implies.  I believe the U.S. government should be issuing 100 year bonds to take advantage of these fears.  I don’t think these rates could happen if it...Read More

Chesapeake Energy (CHK) finally get’s some good news as the company has hit a home run in the Andarko Basin, with a well in the Hogshooter formation which produced 5,400 barrels of crude a day during the first eight days of operation.  Anything that takes the focus off of the company’s lack of corporate governance...Read More

News has broken today that BP is pursuing the potential sale of its 50% stake in its Russian joint venture TNK-BP.  While this entity is one of the best cash flow producers for BP, problems have plagued the venture as the two sides cannot agree on strategy or governance.  Doing business in Russia is a...Read More

Alexis Tspiras, head of Greece’s biggest anti-bailout party Syriza, continues to beat the drum of cancelling the agreed upon terms of their bailout.  This is an amazingly dangerous and manipulative campaign that distorts facts, and preys on those who are consumed by the deep recession and the accompanying unemployment.  If Greece were to abandon their...Read More

Former Premier Silvio Berlusconi is jumping on the bandwagon for more help from the ECB.  Peripheral Europe can’t survive with the Europe unless the ECB becomes more accommodative to the economic pressures that they are facing.  Unless this happens the future of the Euro would be quite short.  Germany really needs to wake up and...Read More

These notes are great and I thought both Prem Watsa and Francis Chou’s comments on RIMM were extremely interesting.  Also if the U.S. banks weren’t so cheap Bank or Ireland would be among the first European banks that I’d be taking a look at. http://www.gurufocus.com/news/178463/the-latest-comment-on-rimm-by-prem-watsa INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT...Read More