Most analysts on the Street have rarely met an S&P 500 stock they didn't like, or at least weren't willing to hang out with for a while.» Read More
I don’t have a whole lot in common with Fidel Castro.
Not a ton with Winston Churchill, Rush Limbaugh, Milton Berle, Mark Twain and Bill Cosby, either. Save, of course, a penchant for cigar smoke.
In my case, it’s recreational, nowhere near the occupational predilection of history’s most recognizable cigar-wielding rebels and icons.
“A woman is only a woman, but a good cigar is a smoke,” one of my favorite poets, Rudyard Kipling, penned in his short story “The Betrothed.”
Close, Mr. Kipling, but no cigar. Cigars, for better or worse, link us all, this woman included.
Certainly, I am not the only one. Cigar Aficionado Magazine featured me this month, as one of a long list of women who have gender-bent the pages before: Madonna, Sharon Stone, Demi Moore, Veronica Webb.
Lower profits at Ford: Shares drop 7 percent in premarket trading. [Reuters CNBC]
John Paulson banks $5 billion in profits —which may be the best single year gain in investing history. [WSJ]
Geithner says global inflation is still “not high on the list of concerns,” for the world's economy. [WSJ]
Sarah Lee is splitting in two. [Financial Times]
Welcome to weather hell: NYC is the new Buffalo. [New York Times]
This probably is not the sort of league table anyone hoped to top.
The FCIC today released its official report on the financial crisis, along with two dissenting reports. Together they run 633 pages, including the footnotes but not including the index.
Did NYC just buy an $115,000 marketing campaign?
If you follow the blogosphere, you’ve probably already heard some of the buzz about Rachel Sterne, the newly minted Chief Digital Officer (CDO) for the City of New York.
From the straight ahead article on WNYC.org “The Woman Upgrading Bloomberg’s Government: Rachel Sterne ” to the slightly more spicy article on The Observer, “Everybody Calm Down About Rachel Sterne, For Chrissakes ” \), people—or at least the press--seem duly interested in the first paid CDO for a major city.
Another important insight from Peter Wallison’s must-read dissent from the FCIC report released today is that government policies created an artificial demand for risky mortgages—leading to a severe underpricing of risk.
Here’s how it worked. Beginning in the early 1990s, government regulations made FHA, Fannie and Freddie, mortgage banks and commercial banks of all kinds into highly motivated buyers of risky mortgages. What happened next was disaster.
Peter Wallison more or less demolishes the conventional wisdom —and now the official Federal Crisis Inquiry Commission view—when it comes to the collapse of Fannie Mae and Freddie Mac.
Most analysts have rarely met a stock they didn't like, or at least weren't willing to hang out with for a while.
Some energy-linked stocks have sold off unfairly, presenting a good buying opportunity, according to a renewables pro.
The U.S. may not be as strong as investors think because it is growing overly dependent on the consumer for economic growth, Jim O'Neill tells CNBC.