He finally decided to do it. He’s going to buy back stock. Don’t get me wrong. I am not a critic here, nor an admirer; I am just an observer. Buffett is a rational guy. Hyper-rational. More rational than I am. He thinks that...
Read MoreI read an article by Zacks on RGA. I thought it was poorly reasoned. Here’s what I wrote as a comment: “However, the primary factors to our Neutral recommendation are Reinsurance Group’s reliance on availability for affordable...
Read MoreIn general, the higher quality the debt, the lower the yield. Also, the same applies to maturity for non-callable or prepayable debt. The longer the maturity, the higher the yield. This is normal because longer debts are less...
Read MoreA friend of mine asked me the following: I read an article or a comment from a blog that inked to your sight. the statement was akin to this. ” The market is dead. The lack of growth over ten years shows the deadness of the...
Read MoreAugust 2011 September 2011 Comments Information received since the Federal Open Market Committee met in June indicates that economic growth so far this year has been considerably slower than the Committee had expected....
Read MoreThis will be a short post. I am not worried about China selling its US Treasury bonds for several reasons: As they sell, the Yuan will rise versus the Dollar, which the Chinese Government does not want. Eventually their exports...
Read MoreThe insurance industry is badly regulated, but it is much better regulated than the banking industry. Consumers have better protections under state regulation. The states are closer to consumers, and further away from insurers....
Read MoreThis should be a short post. There are many reasons proffered for the increase in global equity market correlations — I would like to offer one more: competitive devaluation of currencies, a.k.a., the race to the bottom. Almost...
Read MoreI have some sympathy for Bill Gross, who erred by selling, and even going net short Treasuries when they were about to go on one of their biggest runs ever. He also went long credit risk at the wrong time. But what to do as a...
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