One Lesson of the Financial Crisis: It Pays to Lose Money

Posted on October 27, 2009
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One of the main lessons of the financial crisis is simply that the best way to make a lot of money is to lose piles of it.

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Why Banks Are Unlikely to Jump Start Lending (and Smart Not To)

Posted on October 25, 2009
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The current plea by government officials for banks to increase lending, will likely fall on deaf ears, since it is diametrically opposed to the government’s other policy of subsidizing these banks with enormous gifts of risk-free profits.

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The Failure of the Bailout

Posted on October 22, 2009
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As the political apparatus in this country continues to extol the virtues of the financial bailout, I think it’s important for thinking investors to remind themselves that the bailout orchestrated by the Fed and the Treasury has in reality been a dismal failure. Therefore, extreme caution is still warranted when venturing into the US financial market, which remains a vast ponzi scheme now supported by taxpayer dollars.

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Weimer Republic: A Paradigm for the current US Stock Market?

Posted on October 14, 2009
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As the US stock market continues to race higher, and the value of the dollar continues to plumb lower, it pays to remember that during the Weimer printing press in 1919-1922, the Weimer stock market rose over 89X, from 100 to 8900.

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