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Imperial1964 (97.91)

Recs

8

Another reason Illinois is so screwed up

April 21, 2011 – Comments (4)

If I were a hiring manager in the St. Louis area. this is why I would prefer to hire employees from Missouri than Illinois.  [more]

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7

Watch the bond market, current events

November 12, 2010 – Comments (2) | RELATED TICKERS: PCK , NNP , SPY

Bond and credit markets don't tend to have many unsophisticated retail investors, momentum chasers, or algorithmic traders distorting the market.  Bond investors also have to be loss-adverse because there is little opportunity to recover from capital losses.  Ignore them at your peril!    [more]

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11

Off Topic: RIP Andrew Chapman

November 08, 2010 – Comments (6)

I have never blogged on CAPS about anything personal that was not relevant to investing until now.  One of my friends killed himself today and I have no other blog.  [more]

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10

2008 deja vu. Does anyone else feel it?

October 18, 2010 – Comments (6) | RELATED TICKERS: SPY , AAPL , GOOG

Is anyone else having the same feeling they did in 2008? I believe we have expectations set a little higher than reality is proving, the belief that everything will be OK if the Fed just trashes the dollar, and risk is rising. I hesitate to make an actual call here, other than the parabolic charts will correct, but financial risks are growing again and the market is mostly complacent.    [more]

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2

John Hussman: weekly comments, baliouts

May 09, 2010 – Comments (0) | RELATED TICKERS: SPY

"Notice also that the capital that is used to provide the bailout goes from the hands of savers into the hands of bondholders who made bad investments. We are not only allocating global savings to governments. We are further allocating global savings precisely to those who were the worst stewards of the world's capital. From a productivity standpoint, this is a nightmare. New investment capital, properly allocated, is almost invariably more productive than existing investment, and is undoubtedly more productive than past bad investment. By effectively re-capitalizing bad stewards of capital, at the expense of good investments that could otherwise occur, the policy of bailouts does violence to long-term prospects for growth. Looking out to a future population that will increasingly rely on the productivity of a smaller set of younger workers (and foreign labor) in order to provide for an aging demographic, this is not a luxury that our nation or the world can afford.   [more]

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