There are few stocks in this economy that I would recommend buying. Sure, some people say that the financial stocks represent good value opportunities, and time may prove them right. However, things are still too shaky on that front to state that they have a high probability of increasing in value. They are still very risky plays.
So for those that are looking for something to buy and hold, it is often best to look towards stocks that do well during recessions. One such company that falls into this category is …
Economics and Finance »
Last night Jim Cramer had his 1000th episode of mad money, and he was certainly in rare form. The entire show amounted to nothing more than a disgustingly self-aggrandizing 60 minutes of Jim Cramer footage, complete with montages and hip background music. In the wake of the whole Jon Stewart fiasco, this seems somewhat misplaced, but Cramer doesn’t seem to care. Really, does he ever? He must have the memory of a small fish, since this is the only possible explanation for his uncanny ability to repaint history time and …
Economics and Finance »
Glenn Beck is truly a piece of work. I rarely watch fox business news, but I have recently had the perverse pleasure of sitting through various videos of him and his frenetic antics.
In some ways, Glenn Beck isn’t all bad. I mean, he is fairly charismatic, speaks reasonably well, and is certainly memorable. On economic issues, I often find myself agreeing with him. He is a libertarian, and firmly advocates economic policy along those lines.
But lets get to the fun stuff. Notwithstanding his economic leanings, the remainder of his opinions …
Economics and Finance »
What do you do if you are an investment banker these days. Well, if you are young - say a couple years out of school - you may well decide to try a different career, or potentially go back to school to get your MBA. This is nothing new, and has been a fairly typical pattern that has existed for sometime, long before all of this financial turmoil.
But what if you have been a career investment banker - putting in 10 or 20 years - and are now faced with …
Economics and Finance »
It seems Geithner’s public-private partnership plan is just a little bit too exclusive, even for many substantial funds. For instance, in order to be eligible for inclusion, you need to have at least $10 billion under management. Now, really, for many funds this isn’t too much of a problem, since there are many currently operating that have well in excess of this amount of capital.
However, it isn’t strictly limited to having $10 billion AUM: in order to be considered, they must each have at least this amount of a very …
Economics and Finance »
Despite all of the debate over terminology, I think most people would now agree that we are in the midst of a recession, if not a depression.
In the recent weeks, though, we have seen somewhat of a recovery, with the markets rallying on the hope that we might have seen the worst of the recession - or this recession, at least. If you go to today’s online edition of Reuters, you will find an article speculating that the US may be in for another recession in 2010. Yes, you heard …
