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Markets

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And the Banks that Need to Raise Capital Are...

May 05, 2009 at 00:00

I don't necessarily agree with the methodology and assumptions of the government's version of the stress test. For one, they don't risk weight earnings, only assets. Some of the investment…

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Agri-Food Thoughts

May 05, 2009 at 00:00

Sufficient time has passed since the joyful bursting of the hedge fund bubble to allow for us to begin to assess what is rising from the ashes, and what will…

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Weaker U.S. Dollar Drives Commodity Currencies Higher

May 05, 2009 at 00:00

The U.S. Dollar started the day stronger but early U.S. housing and construction spending reports came out better than expected and triggered a reversal in the Dollar. Gains were limited…

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How Much of Banks' Earnings Are Real?

May 05, 2009 at 00:00

With very limited transparency of bank earnings, there are several so-called earnings areas investors should question whether they are sustainable, and a few other areas investors should ask whether they…

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Broader Market Technical Analysis Update

May 05, 2009 at 00:00

The big picture hasn't changed much this past month. The most surprising news, at least for the ones in the dark, was that China is hoarding Gold. Their reserves have…

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The Financial Commentator on the Economy

May 05, 2009 at 00:00

The message from these facts is fairly clear. Debt levels are high, and any increase in interest rates will impose a bigger burden on the economy and quickly stunt growth.…

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Central Planning is Back in Vogue

May 05, 2009 at 00:00

At the root of central planning ideology is the belief that a group of well-meaning government officials and/or experts is more capable than the unrestrained free market of allocating resources…

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When Government Plays Doctor

May 05, 2009 at 00:00

When government gets involved in healthcare decisions, the cure is so often worse than the illness. And yet, this administration will likely consolidate the government's power over your health with…

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A Test Of Truth

May 05, 2009 at 00:00

So, as long as speculators / hedgers continue to act in a predictable manner, growing increasingly bearish on prospects for stocks as summer / fall approach, past short-term corrections and…

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Sorry Ben, You Don't Control Long Term Rates

May 05, 2009 at 00:00

It is disappointing to discover that the Harvard- and M.I.T.-educated Ben Bernanke did not learn while attending school that long-term interest rates must be set by the free market. Belatedly,…