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Category Archives: Trading Quotes

Punk Rock Quote #5

03-May-09

“Compounding Greenspan’s errors, the trio of Bernanke, Geithner, and Obama, like the trio of Bernanke, Paulson, and Bush before them, all seem to think the results will be better this time if we just do it again with more force.

I have news for all of them. While we may not be able to predict for [...]

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Thoughts of another market day #3

01-May-09

Wealth: The false prosperity we have been experiencing for the last thirty years has come to an abrupt conclusion in the last 18 months. The amount of wealth destroyed is beyond comprehension. Household net worth has declined by $12 trillion in a matter of months. It will take years for average Americans to restore their wealth [...]

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Lesson from The Great Depression

30-Apr-09

And now we have to learn it the hard way.
pic from Tyler Durden (Zero Hedge)
No less an authority than FDR’s Treasury secretary and close friend, Henry Morganthau, said in 1939: “We have tried spending money. We are spending more than we have ever spent before and it does not work…..I say after eight years of [...]

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Punk Rock Quote #4

24-Apr-09

“GM shares have gone from being a claim on earnings from car sales to being a call option on whether the US government will extend another lifeline. Banks’ capital structures have gone from being the province of Boards of Directors and CFOs to the “expertise” of Congressional committees and appointed regulators. Used to be when [...]

More on this topic (What's this?)
General Motors (GM) bankruptcy trade (Dividend Growth Investor, 6/1/09)
GM’s Union Snowflakes (Investment U, 5/19/09)
Taking Bets on Hummer’s Buyer (Investment U, 6/2/09)
Read more on General Motors at Wikinvest
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Punk Rock Quote #3

19-Apr-09

..when you become a central banker, you are taken into a back room and they do a DNA change on you. You are henceforth and forever physically incapable of allowing deflation on your watch. It becomes the first and foremost thought on your mind: “Deflation, we can’t have it.”
John Mauldin
I’m sorry for all the central [...]

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