On November 18, 2008 I gave a presentation to the local chapter of the American Association of Individual Investors (AAII) at the Multnomah Athletic Club here in Portland, Oregon regarding the overall state of the financial markets. The talk focused on how we arrived where we are and what to look for going forward. Also … Continue reading Immediate 6 Step Program to Turn Around Economy Proposed
Month: November 2008
This week Bloomberg disclosed that Warren Buffett, the man who has called derivatives a weapon of mass destruction, has himself afterall leveraged his fund Berkshire Hathaway by making a $40 billion bet in derivatives. Little known to most investors is that Buffett's primary source of revenue is his 50 insurance companies, including General RE, his … Continue reading Warren Buffett’s Credibility Takes a Big Hit
On Friday President Elect Obama designated Tim Geithner to be the next Treasury Secretary and the stock market rose roughly 5 percent in minutes. Clearly, this was former Federal Reserve Chairman Paul Volcker's choice and once again demonstrates Volcker's influence as a beacon of integrity and competence. It also highlights Obama's good judgement by seeking … Continue reading Paul Volcker Makes Treasury Secretary Choice for Obama