CrownThomas's blog
Jon Corzine Defines "Friends In High Places"
Submitted by CrownThomas on 03/03/2013 15:27 -0500As we all know, it helps to have friends in high places. To most of us, that means we know the bartender on Friday night so we can get served quicker than the next guy drowning his weekly sorrows. To others, however...
Instant Shareholder Value, Just add Debt
Submitted by CrownThomas on 02/25/2013 00:38 -0500How are companies taking advantage of these low rates? They certainly aren't borrowing in order to invest in the future.
Some Treasury Yield Context
Submitted by CrownThomas on 02/19/2013 23:30 -0500Before everyone gets too excited about the "great rotation" that still remains a ghost, keep in mind that the entire curve is still >1 standard deviation below its historical mean
The Market Is Not the Economy
Submitted by CrownThomas on 02/03/2013 16:01 -0500As everyone gets caught up in the euphoria of an ever rising S&P, remember that once upon a time, in a land far, far away, the economy was driven by goods produced and services provided instead of the amount of excess reserves banks can use to bid up market prices with.
U.S. 2s10s / 10s30s Breaking Out
Submitted by CrownThomas on 01/03/2013 21:51 -0500Maybe our man Kevin just got pissed off that he has to re-use his starbuck's cup & stopped working for the past few days.
Tom Lee Gets it Right For Once -- With a Little Help From His Friends
Submitted by CrownThomas on 12/21/2012 22:18 -0500So as you can see, if you're awful at your job, it helps to have friends to bail you out. And also friends in the "media" who will make sure to publish the results (if they're good)
What Happens When "Financial Journalists" Give Guidance?
Submitted by CrownThomas on 12/19/2012 23:03 -0500"Microsoft in 2000 was an unsustainable bubble, whereas Apple today looks much more solidly valued" - Felix Salmon 9/17/12
State Communism's Newest (public) Advocate: Jeff Immelt
Submitted by CrownThomas on 12/17/2012 20:50 -0500"the one thing that actually works, you know, state run communism may not be your cup of tea, but their government works. They have five-year plans"
Who Was Ludwig von Mises
Submitted by CrownThomas on 12/15/2012 18:59 -0500"it then dawned on me that all the improvements in the conditions of the working classes were the result of capitalism. social laws brought about the very opposite of what the legislation was intended to achieve"
You Have No Privacy, Conduct Yourself Accordingly
Submitted by CrownThomas on 12/02/2012 23:53 -0500"The problem is, if they think they're not doing anything that's wrong, they don't get to define that. The central government does."
What Confidence? Retail Investors Are Still Not in Equities
Submitted by CrownThomas on 11/28/2012 00:32 -0500As we hear more and more pundits talk about the soaring consumer confidence, the "recovery", and how the fundamentals are improving, keep in mind that retail investors are still not in equities
Do You Know What Inflation Means?
Submitted by CrownThomas on 11/14/2012 22:47 -0500It Can't Happen Here, Right?
Will Taxing the Rich Fix the Deficit?
Submitted by CrownThomas on 11/11/2012 20:47 -0500Good luck with that
The Fed is Subsidizing Corporate EPS
Submitted by CrownThomas on 10/30/2012 21:44 -0500In summary, things aren't always as they seem -- and the Fed is manipulating everything.
The Broken Window Fallacy
Submitted by CrownThomas on 10/29/2012 18:00 -0500As a reminder, destruction is not good for the economy
