Here’s an interview with Steve Wynn from May of 2010. He talks about how badly Washington is damaging the economy by overspending and by making bad decisions that create uncertainty. Most of what he says is very accurate, and his comments about moving his company’s headquarter to Asia because “that’s where the opportunity is” strikes [...]
Any moron can pick stocks when the market is rallying. Here are some that I’ve held over the past month, as the market went down, and that I think have much more room on the upside as the market recovers: SSW, HUN, BAC, C, MGM, AAPL, RIMM, GE Start with Seaspan: This is 7 days [...]
Here’s a guy I have a lot of respect for – Paul Volcker. I even give Obama points for choosing him as an advisor. Why doesn’t Volcker (or anyone else but Larry Kudlow) mention the obvious: This recession was caused by a giant energy shock! When $150 oil met an overleveraged economy, that was it. [...]
GM, Chrysler, Ford. They all suck, right? Unless you want a pickup truck or a giant SUV. Why bail them out? I read an article the other day talking about how there was much applause for the government’s bailout of Chrysler a couple decades ago. What they didn’t know then is that if they hadn’t [...]
Within 48 hours of this post, you are going to read about the “legislative victory” Obama scored by getting the stimulus passed. What a joke. I’m not an Obama fan. Don’t really like him. Voted against him. However, I wish him well, because he has the hardest job of any human since Jesus. Honestly, I’m [...]