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Archive for June, 2008

Black Gold

Sunday, June 29th, 2008

With the price of oil hovering around $140 per barrel, the commodity boom can no longer be ignored. The price of oil is one area where I have been consistently mistaken and dumbfounded over the years. When it first peaked to $60 back in 2005, I openly told friends that I thought it would fall [...]

The Turmoil Continues

Sunday, June 8th, 2008

As if a surprise, The WSJ reported yesterday that those who were worried about CDO ratings at Moody’s (and likely the other agencies) turned out to be correct, and if those with decision making authority had listened to their warnings some of the ongoing market turmoil could have been averted. This is surely correct in [...]

Transient

Thursday, June 5th, 2008

As I stood in line this afternoon, waiting to pick up a prescription at Walgreens, the person in front of me joked: “which address, I have so many” as the pharmacist sought to verify the nurse’s identity. When it was my turn, I scanned the memory to guess which of my various “addresses” Walgreens would [...]

Observations on the markets and the world with realistic optimism