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Bloomberg
The biggest U.S. banks have now reported 3rd quarter earnings and they have all exceeded expectations.  2016 started so horribly for the big banks.  Poor economic data globally diminished the prospects of rate hikes, oil’s plunge created worries about the need for increased reserve provisioning, and Brexit had investors worried of a systemic collapse.  I...
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This morning I was reading an interesting Bloomberg article on the lack of savings being accumulated by a large percentage of the population, including those earning between $100-$150K per year. Astonishingly in the survey, close to 50% of those have less than $1,000 in savings, and about 18% have absolutely nothing. Even those who earn...
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  I’ve written and talked a lot about the overall stock market being slightly overvalued and bonds being in a massive bubble. With that said, many stocks and industries have sold off dramatically over the last year and a half and are in their own bear markets. It is somewhat surprising that the index itself...
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There is no doubt that BP blundered tremendously with the Deep Horizon spill in the Gulf of Mexico but the fraudulent claims following this are truly disgraceful.  This type of gaming of our legal system serves to enrich lawyers while hurting just about everyone else in society, particularly business.  I just can’t imagine a self-respecting...
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I believe that an AT&T (T) merger or investment in Telefonica (TEF) would be extremely intelligent at this stage in the game.  Right now the U.S. mobile market is performing wonderfully and Europe is incredibly depressed.  There is no reason to believe that conditions won’t improve in Europe and this would be an excellent opportunity...
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I came across a prescient article discussing the dangers of mortgage REIT’s, particularly as interest rates begin climbing.  These companies’ use huge amounts of leverage to buy mortgage backed securities, and because they pay out the vast majority of net income as a dividend to shareholders’, the companies’ benefit from better tax treatment on the...
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This was a wonderful article on Jeffrey Gundlach, who is one of the most famous bond investors in the world right now.  I believe he makes a lot of excellent points in the article, and the fact that he helped solve his own robbery case (he had millions of dollars in paintings stolen from his...
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