I was at the Bloomberg Washington Summit on April 30th; I arrived late, despite leaving with a half hour to spare, and the Internet was down, so I puzzled over how to cover the event. What kicked me over the edge was that Bloomberg jams its programs together with no rest breaks except lunch. Thus I decided to cover the conference mostly via Twitter, and lob in questions to the Q&A. As it was, I...
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When I first read this study, I was immediately transported back to simpler times. Times when a Republican could right an article entitled “How to Drive Fast On Drugs While Getting Your Wing-Wang Squeezed And Not Spill Your Drink.” What happened to American’s inability to multitask? What happened to our ability to drive? I blame NASCAR.What happened to playgrounds where our children could get hurt, albeit while learning valuable lessons? And lastly, What happened to...
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Like my friend Cody Willard, I believe that one of the most important things that could happen politically would be to break the stranglehold that the Republican/Democrat duopoly has on the political process. This evening, I am here to offer a simple way that this could be achieved without creating a third party (Wait a minute: could we bring “restraint of trade” charges against the Republicans and Democrats for their suppression of third parties? ...
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Friday’s Bureau of Economic Analysis’ (BEA) advanced Gross Domestic Product (GDP) figures painted a picture of a dull economy, with the annualized Q/Q growth rate coming in at about 2%. When looking at the above chart, the dull economy is represented by the fact that year over year GDP growth rate has been hovering around 2% for around three years. This hovering of the GDP growth rate around 2% is something more akin to...
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It is every pundit’s favorite time of the year. The presidential election is coming up, and pundits (aka analysts) are predicting which stocks will do well if Barack Obama or Mitt Romney wins. This can be best categorized as Mitt Romney or Barack Obama stock picks. However, there are many problems with this type of investing (speculating is a better name). Value investors know this is obvious, but there is even more than meets...
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We can create a force that eliminates forest fires, but there will be a cost. A certain amount of forest fires are normal, and if we don’t have small forest fires, we will have big ones that happen infrequently, and cause a lot of damage. Central banking is similar. Good central banking allows for the extinguishing of a lot of bad debts. Bad debts should fail, and the Fed should not rescue them. Better that...
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Billionaire Warren Buffett hit back at mockery from high profile Republicans like Senate Minority Leader Mitch McConnell and New Jersey Governor Chris Christie over Buffett’s stance that the rich should pay more in taxes, in part to reduce the massive budget deficit/national debt. The Young Turks host Cenk Uygur breaks it down. 'Get ValueWalk's Daily Edition By Email and Never Miss Our Top Stories'
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