I Hate to Lose

No question the start of the season has been a struggle for the Mavs and all of our fans. I guess the good news is that hopefully we are getting the bad part of the season out of the way at the beginning rather than during the end of the year, as we have the…

The Hedge Fund Disconnect

As I watch and read about the Hedge Fund testimony currently going on, its obvious that the right question has not been asked. 1. Those who give money to hedge funds rarely if ever have a 1 year investment term. In fact, the contracts for investment do everything possible to lock up your money for…

Underwater Car Loan BailOut ?

Got your attention didn’t I ? You all do realize that anyone who buys a new car is UNDERWATER the minute you sign the papers and drive off the lot ? That you get further and further underwater every single day ? Maybe thats why so few are buying new cars ? We havent instituted…

Homes vs Stocks

So whats the difference between being underwater on a mortgage and underwater on a stock ? Is it that “experts” will tell you to hold the stock in hopes of it going up in value and then explain that those with homes worth less than their mortgages shouldn’t feel bad about breaking their mortgages and…

PE Obama’s 1st Big Mistake

Its great to see President Elect Obama aggressively taking on the economy prior to his taking office. Unfortunately, the economic advisory team that he has put together looks more like a semester’s worth of great guest speakers for an MBA class than an economic advisory team that can truly help him. There are a lot…

Proud To Be an American

I voted for President Elect Obama. The rest of my votes went almost exclusively to Republicans , Libertarians and Independents. In looking at the Democratic platform, there are a few things I agree with, but on the economic side, other than being ok with him raising my effective tax rate to 40pct, there isn’t a…

A Classic Post on Public Hedge Funds

I wish I would have listened to myself more closely. This is from more than a year ago. Hedge Fund IPOs – Individual Investors should be careful Jun 21st 2007 9:55AM Today’s boom stocks are hedge funds that are going public. Fortress could be the netscape of the boom with Blackstone and many others to follow….

The Stock Market: The New Normal ?

“Past Performance is No Indication of Future Results”. Its a statement attached to every financial salespitch ever offered. So why is it no one believes it ? Turn on CNBC, Fox Business, Bloomberg, and every other comment from the “experts” mouths are “historically when the Dow ….fill in the blank….” or “for the last X…

The Fed Should Buy Down Consumer Credit Card Rates – Fast

Lets say I owe the bank behind my credit card 1k dollars and Im paying 10pct interest because the best I can do is a little bit more than the minimum payment. You come to me and tell me you are going to take out a loan for at least 25k dollars, get me to…

The Cure To Our Economic Problems

I would hate to be the winning Presidential candidate. Both candidates are delusional in thinking their economic policies will drag us out of a recession or even improve the economy. The reality is that the solutions offered by both are the equivalent of shuffling the deck chairs on the Titanic. They are meaningless. You can…