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Author: David Merkel

Concentrated Interest

I used to think that Barack Obama was one of the more intelligent Presidents of the United States, but I no longer do. Consider his recent statements, which show his socialistic attitude: There are a lot of wealthy, successful...

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Book Review: Prisoner of the State

Before I start this evening, a note to readers: if you like my reviews, vote them up at Amazon.com.This book is very different than most I review. First, it should not have existed. While the author was under house arrest, he...

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Packages! Packages!

When I started doing stock investing, I began sending off information requests to 70-120 companies at a time via mail. In those days, I would print off the letters at my computer, and mailing labels as well. I would generate the...

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Three Notes on the Present Deflation

Today I received in my e-mail missives from:Hoisington Investment ManagementMichael Pettisand John MauldinI have come to value each of their opinions. Hoisington has been one of the leading deflationists for the last 20 years,...

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What to do on Bonds?

I’ve had good returns on bonds over the last year, largely because I invested in long deflation investment grade bonds. I took on a lot of duration risk by investing long, and it paid off. I’ve reduced the size of my...

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On Floating Rates

I have to admit I don’t have much sympathy for those who lent or borrowed at floating rates like LIBOR. Personally, I have always preferred fixed-rate deals where everything is locked in from the beginning. It means the...

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