Prieur’s readings (November 5, 2009)
Source: http://www.investmentpostcards.com/2009/11/05/prieur%e2%80%99s-readings-november-5-2009/Posted on Thursday, November 5th, 2009 | In Investing Lessons, Market Commentary
This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy.
• Randall Forsyth (Barron’s): Synchronicity and stock prices, November 3, 2009.
In a post-bubble world, equities move in sync with the cycle – worrying given the loss of momentum. As albert Edwards concludes, “the trend is your friend until it hits a bend. Beware, we may have just hit one.”
• Judy Chen (Bloomberg): Stiglitz says US is paying for failure to nationalize banks, November 2, 2009.
Nobel Prize-winning economist Joseph Stiglitz said the world’s biggest economy is suffering because of the US government’s failure to nationalize banks during the financial crisis. “If we had done the right thing, we would be able to have more influence over the banks,” Stiglitz told reporters. “They would be lending and the economy would be stronger.”
• Eric Sprott and David Franklin (Market Folly): Dead government walking, November 3, 2009.
Hedge fund Sprott Asset Management’s October market commentary.
• Robert Reich (Robert Reich’s Blog): How Obama can convince Congress to enact a larger stimulus, and why he must, November 3, 2009.
The Administration’s biggest economic mistake so far was to badly underestimate last January how bad the employment situation would become by Fall. As a result, it low-balled the stimulus — settling for a plan that, while avoiding even worse job losses, didn’t go nearly far enough. Obama has to return to Congress, seeking a larger stimulus.
• Yves Smith (Naked Capitalism): Curious meeting at Treasury department, November 3, 2009.
The Treasury invited a small group of bloggers for a “discussion” with senior officials on Monday. We are a pretty unimportant audience (yes, they did bother making time for us, but let us not kid ourselves on how far down the food chain bloggers are) and we cannot argue from a position of advantaged information, so it was inevitable that we would not get beyond standard responses.
• Michael Panzner (The Huffington Post): Treasury officials meet with financial bloggers, November 3, 2009.
Taking its cue, perhaps, from the Obama Administration’s reported efforts to reach out to the political blogging community in the hopes of cultivating broad support for its ambitious agenda, the Treasury yesterday organized a meeting between various Department officials and a group of economics and finance bloggers.
Last 5 posts by Prieur du Plessis
- Picture du Jour: Will emerging-market outperformance last? - November 24th, 2009
- WealthTrack: Robert Kleinschmidt – reveling in contrarian investment philosophy - November 24th, 2009
- Prieur’s readings (November 24, 2009) - November 24th, 2009
- Alan Greenspan wins “Dead Battery Award” - November 24th, 2009
- Average Joe still waiting for recovery - November 24th, 2009
Congress, David Franklin;, Dead government, Department of the Treasury, Eric Sprott, finance bloggers, food chain bloggers, Investing Lessons, investment postcards, Joseph Stiglitz;, Judy Chen;, Market Commentary, Michael Panzner, Nobel Prize winning economist, Obama administration, Randall Forsyth;, Robert Reich, the Huffington Post, United States, Us Government, Yves Smith
 About Prieur du Plessis (http://www.investmentpostcards.com)
Prieur du Plessis has 25 years’ experience in professional investment research and portfolio management. More than 1,000 of his articles on investment-related topics have been published in various regular newspaper, journal and Internet columns. He has also published a book, Financial Basics: Investment. Prieur is chief executive and principal shareholder of South African-based Plexus Asset Management, which he founded in 1995. The group conducts investment management, investment consulting, private equity and real estate activities in South Africa and other African countries. Plexus is the South African partner of John Mauldin, author of the Thoughts from the Frontline e-letter, and also has an exclusive licensing agreement with California-based Research Affiliates for managing and distributing its enhanced Fundamental IndexTM methodology in the Pan-African area. Prieur is 52 years old and lives with his wife, television producer and presenter Isabel Verwey, and two children in Cape Town, South Africa. His recreational activities include long-distance running, motor cycling, traveling and reading. |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.