Substance vs. form

by | 22 04 2010 | Blog

Since the Obama administration has finally turned its attention away from healthcare reform and to financial industry overhaul legislation expect me to comment quite a bit about it. First, as I have said since my very first blog posting back in October 2008, the...

Earnings season tepid so far

by | 19 04 2010 | Blog

A quick missive: I have neither seen nor heard any amazing news this earnings season.  That is, nothing that would cause me to change my view that the economy is only escaping from the recession gradually.  Nothing that would cause me to be a stock market bull the way...

Now revenues need to grow

by | 19 04 2010 | Blog

Good morning everyone!  I hope that this posting finds all of you in good spirits. The Wall Street Journal this morning has an article talking about something I have been talking about for almost 9 months on the blog.  Namely, that corporate revenues need to start...

Economic stabilization affirmed

by | 14 04 2010 | Blog

Good morning everyone! Today saw the publishing of the March retail sales data.  The Commerce Department reported this morning that consumers increased their spending on retail goods and services by 1.6%.  This is the largest gain since the Christmas season and the...

Downgrading of Greek debt puts strain on EU

by | 09 04 2010 | Blog

Debt issued by Greece has been downgraded by credit ratings agency, Fitch.  This means that debt issued by the country is more risky.  In response to the credit downgrade many holders of Greek debt sold their interests, meaning that yields increased.  This also means...