What We’re Reading 10-7-11

  

The Fed’s ‘Twist’ Turns into a Problem for Pensions, Insurers and Households​, PIMCO

Policy Uncertainty Is Choking Recovery, Scott Baker, Nicholas Bloom and Steven Davis, Bloomberg

More Parents Finance Their Kids’ Mortgages, Sandra Block, USA Today

Stimulus Has Been a Washington Job Killer, John F. Cogan and John B. Taylor, The Wall Street Journal

Nearly Half of U.S. Lives in Household Receiving Government Benefit, Sara Murray, The Wall Street Journal

goldman squid

Kill the Squid.

In a 400-page report prepared for a Senate hearing on commodities market rigging, Goldman Sachs (aka the Vampire Squid of Wall Street) was again being accused of questionable business practices. … [Read More...]

miss geico

Year-End Market Update

I was on the phone with a client Wednesday morning when another line lit up indicating someone was being buzzed into my office from the locked foyer area. I was surprised not only to have a visitor … [Read More...]

are stocks overbought

A Furious Rally

The S&P 500 has rallied furiously from its October 15th low. Over the last 24 trading days, the index has gained 10.1%--the largest such gain in over three years. Are stocks overbought at these … [Read More...]

greenspan

Yes. Gold is a Currency

Is gold a currency? “Yes. Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it,” responds former … [Read More...]