Archive for November, 2009

Credit Market Overview
November 13, 2009
Let me start this morning by wishing all those “Jason” fans a very happy Friday the 13th!  Interestingly there a number of analogies that can be drawn from that “horror franchise” as Wikipedia calls it and the current economic environment and yes, after all is said and done, Jason lives.
The tension… »

Credit Market Overview
November 12, 2009
Toll Brothers Inc. (TOL) was the Belle of the Ball yesterday with news of orders surging 42%, cancellations slowing and revenue beating analysts’ estimates.  “The improvement in consumer confidence over the past year, the increasing stabilization of home prices, the decline in unsold home inventories and the reduction in buyer cancellation… »

Credit Market Overview
November 11, 2009
With all of the hot air we’ve seen expended over the last 2+ years, mostly in that non-state wedged between Virginia and Maryland, I for one have wondered if there was a way to harness that energy and possibly end this whole “dependence on foreign” oil problem.
Warren Buffett, a man who… »

Credit Market Overview
November 10, 2009
Back in the heady days when junk bond were the “new kid in town” there was a euphemistic descriptor known as “yield to sales commission” which really just meant that all of the bond salesmen would focus on the bonds they could earn the most on if they were able to… »

Credit Market Overview
November 9, 2009
If you had committed to spend $787BN of your constituents hard earned tax dollars under the premise of getting the economy back on it’s feet and had woven tales of fancy to justify your actions it would seem a pretty good time to skip town when the official number of unemployed… »

Credit Market Overview
November 6, 2009
In a little while we will get the data it appears the market has been waiting for all week concerning just how many people are working and how many aren’t.
With the fudge factors like the birth/death rate and number of people on Uncle Sam’s payrolls, the number will most likely be… »

Credit Market Overview
November 5, 2009
This “is not a bet on next month or next year.  We’re going to own it forever.”
Now we all know forever is a long time but then given that it seems as if Warren Buffet has been around for that long he’s probably qualified to make that statement.
The other reasons stated… »

Credit Market Overview
November 4, 2009
Heading off the farm this morning but still staying out where you can count the number of traffic lights in town on one hand; driving along in ‘ol MacDonald’s  brand spanking new John Deere (DE) and with climate control, GPS and an eight speaker sound system there is nothing that “runs… »

Credit Market Overview
November 3, 2009
Although it appears the prospects for the producers of porcine products have prettied; yes, lipstick included.  That cannot be said for all of the ‘ol MacDonald’s in the country.
The U.S. Department of Agriculture reported recently that due a late planting season and a cooler and wetter fall than normal only 20%… »

Credit Market Overview
November 2, 2009
In Economics 101 we all learned that people vote with their dollars.  If they like something they buy it and if they don’t, they don’t.  In Politics 101 they teach you that people vote with votes and if they like you, you get elected and then re-elected.  Politicians therefore are always… »