Yesterday on CNBC, Mark Spitznagel, chief investment officer for fund manager Universa Investments L.P., made a scary prediction. He warned that the S&P 500 could lose 40% of its value in the next couple of years. He went on to point out several facts and figures that led to this prediction. He specifically said, "there […]
Gasoline Futures — Flash Crash du Jour
The "flash crash" phenomenon seems to be going around. Last week marked the anniversary of the first flash crash — May 6, 2010. That was the day some high frequency trading (HFT) algorithms went haywire, sending a slew of large-cap stocks like Procter & Gamble (PG:NYSE) down 30% in the space of minutes. This […]
The Gulf Oil Spill: Ways to Help
It’s been over 40 days since the BP/Deepwater Horizon Gulf of Mexico oil spill began. In that time, we’ve watched the situation escalate from a simple collapsed oil rig to the worst environmental disaster in American history, with an estimated up to 20 to 50 million (160 million by the worst case scenario guess) total […]
Go Green and the Global Greeners
It has been interesting to watch and listen to the "new" political party, global socialists, (who spread on both sides of the American political aisle in the form of Dems or Republicans) and their rhetoric with respect to global warming, and the emphasis now on "Going Green," in the new Obama Admnistration. At this point, […]
Video of President Obama Speaks at Healthcare Summit
Video of President Obama Speaks at Healthcare Summit. BARNES: Good afternoon. I’m pleased to welcome you to the White House Forum on Health Care Reform. Many months ago, President Obama promised the country that once in the White House, he would take the steps necessary to reform our health care system, not just […]
What the Obama housing plan will and won’t do
President Barack Obama introduced a $75 billion homeowner relief program this week. Who will it help? Two sets of homeowners will be eligible to get help under the Obama administration’s foreclosure-prevention plan: People who got plain-vanilla conforming mortgages and who have never fallen seriously behind on the monthly payments might qualify to refinance at lower […]