Robber barons

Congress is currently considering legislation that will change the way executives in the United States are compensated. Even in these formative stages of the legislation there is tremendous hue and cry from executives of BIG corporations. The gist of their message is:...

Beware the adjectives

Another Friday, another retail sales report, and another exaggeration from the Wall Street Journal. Beware the adjectives. Here are the facts about retail sales for the month of November… The Commerce Department reported that U.S. retail sales were up 1.3% in...

Quant out, qual in

Good morning folks! J.P. Morgan Asset Management has just published results of its annual European Equity Survey. This survey covered the 128 largest institutional investors in Europe. Of those 128, 102, managing over $3 trillion, said that they were more inclined...

Let the whining begin

As I predicted whining has begun about reduced pay packages at financial firms bailed out by the U.S. taxpayer. Specifically, AIG’s CEO Robert Benmosche is threatening to step down at a critical juncture in AIG’s restructuring. Primarily he is upset by...