Time to Bring Back the Ancient Shemittah Laws

Posted on September 29, 2008
Filed Under Uncategorized | 1 Comment

Modern Financial markets, despite their claim to sophistication, should take a cue from ancient biblical law and bring back the Shemittah laws.

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Banking Expert: Bailout Not Necessary, Industry Can Take Losses

Posted on September 25, 2008
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Here’s an interesting interview with banking industry expert, Bert Ely, who says that the banking industry can handle this mess internally and does not need subsidies.

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Hundreds of Economists Urge Congress Not to Rush on Rescue Plan

Posted on September 25, 2008
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Advocates for a rescue plan this week point to a seizing up of credit markets, reflected in elevated inter-bank lending rates, as reason for action. Some economists are unconvinced.

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Ignore the Bailout Drama

Posted on September 24, 2008
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On the subject of the continuing bailout saga, I offer the following quick thought: Ignore the Drama. It will soon pass, once the robbery of key financial assets, by connected billionaires, is complete. What’s happening now in th US, used to happen routinely in third-world countries, like Brazil. As such, the history of the financial markets during government induced panics in those countries, should provide a good framework for developing a profitable investment strategy during the current US panic.

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Solar Tax Credit Renewal Positive for Alternative Energy Holdings

Posted on September 24, 2008
Filed Under Members, Alternative Energy | Leave a Comment

Yesterday, the US Senate voted Tuesday to extend solar tax credits for the next eight years. The news is positive for the following alternative energy stocks, I have covered here: PWER, NX, and ATA.TO.

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US Government Set to Launch Gigantic Hedge Fund

Posted on September 21, 2008
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Apparently, Paulson misses his days at Goldman and Bernanke is jealous of other sovereign wealth funds, so together they have both created the largest US hedge fund, with potential assets of over $700 billion.

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KBW Regional Banking Index (KRE) Provides an Interesting Sideshow for the Financial Crisis

Posted on September 19, 2008
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If you need a prime example of the height of insanity that our financial markets have reached, look no further than the KBW Regional Banking Index (KRE).

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Fed Alchemy Keeps the Financial Game Going

Posted on September 19, 2008
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What a game! Today’s development in the continuing financial saga, proves again the ultimate fragility of our entire financial system, but alas it’s good news for those who enjoy playing the investment game

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Surprise? Short Selling Measures Taken and Stocks Skyrocket?

Posted on September 18, 2008
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The UK bans short selling, major pension funds refuse to lend shares to short, naked shorting rules in the US start taking effect… and stocks skyrocket? Coincidence?

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US Government Bailout is More Like Government Robbery ala Latin America

Posted on September 17, 2008
Filed Under Investment Reflections | 2 Comments

What the government is essentially doing in its current “bailout” schemes, in my opinion, is simply stealing money from US shareholders and citizens. This sort of thing used to happen in third-world countries, like Brazil, where for example during the reign of their President Fernando Collor de Mello, citizens bank accounts were essentially confiscated overnight and replaced with less money the next morning.

In the same vein, Paulson and the rest of the US Government, are simply taking advantage of short-term liquidity issues to confiscate US companies, and wipe out shareholders in the process overnight. Yes, they haven’t actually gone into citizens bank accounts yet, but is there really a difference? And could we expect anything different when we hired a Treasury Secretary, whose former job was running Goldman Sachs?

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