I hope I watched the last Larry Kudlow show during my life. I tended to watch it more out of killing time before the Big Bang Theory shows came on but after tonight I will never watch his show again. What ticked me off? The fact that the man and his guests literally wished death on Hugo Chavez. Now I will be blunt and say I am no fan of the Chavez. But I don't wish death on him. [more]
People will talk Italian elections of all things caused T to go down. You will hear tons of other reasons but in the end hopefully this is nothing more than the much needed correction this market needed. I kept calling for a 5-7% one so we shall see. In the long run we still have Uncle Ben.
Last year I wrote a blog about GMXR Preferred. See here: [more]
This stock has had a wild ride the last 6 years. It peaked in 2007 at $50 and prior to that was a great dividend payor. Then came the Great Recession and this stock crashed ultimately to 60 cents a share in 2009. I am sure plenty of people got hurt bad. There was even a successful class action where ACAS had to pay into. For NEW money, however, that was one of the greatest buying opportunities. [more]
In light of Bernanke's commitment to QEinfinity the question of concern is what will be the ultimate exit strategy. My thinking is if the Fed keeps buying Tbills and MBSs why not use the income off those to pay off the federal debt? What am I missing here? The debt has already been factored in and spent. Paying it off with QE income resolves a twofold issue. First, the money is removed from circulation, and second it pays off old debt. [more]