Category: No Quarter Blog
By Larry Doyle on Nov 6, 2009 in Economy, Sense on Cents (Larry Doyle blog), Unemployment/Jobs | 26 Comments
The widely anticipated November Unemployment Report covering the month of October was just released. Let’s dive right in and take a look at the numbers . . .
I. UNEMPLOYMENT RATE
July: 9.5%
August: 9.4%
September: 9.7%
October: 9.8%
- November Consensus Expectation: 9.9%
- November Actual:10.2% !!!!
>> LD’s comments: this is the shocker and will get all [...]
By Larry Doyle on Nov 4, 2009 in Current Affairs, Economic Stimulus, Economy, Sense on Cents (Larry Doyle blog) | 8 Comments
What are the biggest stories in the market today? Consider the following . . .
1. Warren Buffett makes his single largest acquisition ever with the $34 billion purchase of Burlington Northern
2. Ford posts surprisingly strong auto sales
3. Royal Bank of Scotland becomes the biggest banking bailout yet with another injection of capital
4. Johnson & Johnson [...]
By Larry Doyle on Nov 1, 2009 in Bernie Madoff, Current Affairs, Economy, FINRA, SEC, Sense on Cents (Larry Doyle blog) | 5 Comments
Did FINRA invest its own funds from its internal investment portfolio with Bernie Madoff? Would FINRA’s head Mary Schapiro invest with her “dear friend” Bernie? Stick with me on this and let’s navigate the newest development in this ongoing scam. My concluding remarks provide insights you won’t find in many mainstream media outlets.
High five to [...]
By Larry Doyle on Oct 31, 2009 in Economy, Sense on Cents (Larry Doyle blog) | 4 Comments
HAPPY HALLOWEEN!! Is the clock getting ready to strike twelve? Is it time to get home? Is the magical ball that has enchanted many market participants about to end? How so? As quantitative easing programs around the world end and global governments start to increase interest rates, will we experience a double dip in the [...]
By Larry Doyle on Oct 30, 2009 in American Consumers, Economic Stimulus, Economy, Sense on Cents (Larry Doyle blog) | 25 Comments
What is the real economy doing? While yesterday’s GDP printed a surprisingly strong 3.5%, are we to take that on face value? If we care to most effectively navigate the economic landscape, we should dig a little deeper.
A full 2.2% of the 3.5% rise was directly correlated to Uncle Sam’s support of the auto and [...]
By Larry Doyle on Oct 28, 2009 in Auto Industry, Bailouts, Economy, Sense on Cents (Larry Doyle blog) | 14 Comments
Turning the corner? No more bailouts? You didn’t actually believe the wizards in Washington, did you? Why?
GMAC is back in line for another injection of YOUR money. Recall that GMAC was bailed out initially during the government takeover of GM. GMAC was then spun off in order for Uncle Sam to effectively provide taxpayer [...]
By Larry Doyle on Oct 25, 2009 in Economy, Sense on Cents (Larry Doyle blog) | 14 Comments
Is there a hotter topic currently on Wall Street than compensation? I have to admit, I have a range of emotions on this issue. I pride myself on being a proponent of free market capitalism. As such, while the government needs to be actively involved in regulating the marketplace, beyond that I would just as [...]
By Larry Doyle on Oct 22, 2009 in Economy, NoQuarter Radio, Sense on Cents (Larry Doyle blog) | 0 Comments
PROMO BUMPED DOWN: Sunday night’s NQR’s Sense on Cents with Larry Doyle has concluded. You can listen to a recording of the episode at BlogTalkRadio or via iTunes. (See iTunes directions in the right column.)
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Follow the money. Despite what analysts and pundits may say, if you want to get to the root of an [...]
By Larry Doyle on Oct 20, 2009 in Economy, FINRA, SEC, Sense on Cents (Larry Doyle blog), Wall Street | 14 Comments
Is Mary Schapiro a liar? Are other FINRA executives also liars?
Fully appreciating that merely asking these questions is aggressive by its very nature, I do not ask them in a derisive fashion. The fact is, the answer to those questions in the eyes of Richard Greenfield is an unequivocal, “Yes!”
Who is Richard Greenfield? I had [...]
By Larry Doyle on Oct 19, 2009 in Economy, Sense on Cents (Larry Doyle blog) | 11 Comments
Twenty-two years ago today the equity markets crashed. The Dow Jones Industrial average cratered by a whopping 22%!!
Have our markets, economy, and financial regulatory oversight progressed, regressed, or is it merely “deja vu all over again?” Well, with the markets up 1% on the day and 50% off the lows in March of [...]
By Larry Doyle on Oct 17, 2009 in Economy, SEC, Sense on Cents (Larry Doyle blog) | 34 Comments
You must be kidding me.
Our financial regulators, both the SEC and FINRA, certainly failed American investors. The structural failures of these regulators have been highlighted by their own internal reviews authored by David Kotz for the SEC and Charles Bowsher for FINRA.
Over and above the structural failures of these regulators, both the SEC and FINRA [...]
By Larry Doyle on Oct 16, 2009 in American Consumers, Bailouts, Bank Bailouts, Banks, Economy, Inflation, Sense on Cents (Larry Doyle blog) | 18 Comments
The American public is becoming increasingly wise to the ways of Wall Street and Washington.
Many Americans were duped by financial practices and products emanating from Wall Street. Where was Washington? I would assess Washington’s involvement and responses in the following fashion:
1. At worst, Washington was complicit given a wide array of failed public policy [...]
By Rabble Rouser Reverend Amy on Oct 13, 2009 in Abuse, Afghanistan, Bamboozling, Bush administration, Campaign promises, Current Affairs, Flip Flopping, Foreign Affairs, George Bush, Hillary Clinton, Hoodwinking, Human Rights, Obama's Broken Promises, Pakistan, Pandering, President Barack Obama, Sara in Italy, UN Human Rights Council, Women and Children | 23 Comments
Dr. Sima Samar. Now, some of you may know who she is already. For those who do not, or for those who are want to learn more, this is for you. (H/t to my aunt for sending me a mini biography on her, and to American Girl in Italy for mentioning her [...]
By Larry Doyle on Oct 12, 2009 in Current Affairs, Economy, Sense on Cents (Larry Doyle blog) | 10 Comments
We are reaching a point in our new “Uncle Sam” economy where rhetoric from Wall Street, Washington, and global financial centers seems to be having greater impact than true market and economic fundamentals. Why? Our financial and political ‘wizards’ are working overtime to reconnect the great ‘disconnect’ between Wall Street and Main Street. While we [...]
By American Girl in Italy on Oct 11, 2009 in Current Affairs, Media, President Barack Obama, Sara in Italy, World | 130 Comments
A lot of people on the Left are mad at the Right for their criticisms of the Nobel Peace Prize committee awarding the Peace Prize to Obama, even accusing them as “siding with the terrorists“.
The only thing is the criticism is not only coming from the Right. There appears to be an universal sense [...]
By American Girl in Italy on Oct 6, 2009 in Current Affairs, Health Care, Obama Administration, Sara in Italy | 76 Comments
“We are held hostage at any given moment by health insurance companies that deny coverage or drop coverage or charge fees that people can’t afford,” Obama said in August.
And on whitehouse.gov, the Administration promises more stability and security with health care reform, and points out that 20,000 people were denied treatment, to save money:
By Larry Doyle on Oct 5, 2009 in Economy, Sense on Cents (Larry Doyle blog) | 6 Comments
A $3.4 trillion loss may be perceived as good news when it was previously projected to be $4 trillion. That said, when losses of this magnitude are buried in a mix of financial chicanery and accounting charades, the impact is not lessened but only extended.
The loss to which I refer is the projected global writedowns [...]
By Larry Doyle on Oct 4, 2009 in Bernie Madoff, Economy, FINRA, SEC, Sense on Cents (Larry Doyle blog) | 8 Comments
The core of that question resides within the regulatory oversight of our financial industry. The American public is beginning to learn a lot about this financial regulatory oversight. How so? A month ago, SEC Inspector General David Kotz released a report, Investigation of Failure of the SEC to Uncover Bernard Madoff’s Ponzi Scheme (embedded [...]
By Larry Doyle on Oct 4, 2009 in Bernie Madoff, Economy, FINRA, NoQuarter Radio, SEC, Sense on Cents (Larry Doyle blog) | 1 Comment
UPDATE: This episode of No Quarter Radio’s Sense on Cents with Larry Doyle has concluded, but you can listen to an audio playback here.
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Please join me this evening for NQR’s Sense on Cents with Larry Doyle as we dig deeper and work harder in navigating the economic landscape. My special guest will be Genevievette Walker-Lightfoot.
Ms. [...]
By Larry Doyle on Oct 2, 2009 in Current Affairs, Economy, Sense on Cents (Larry Doyle blog), Unemployment, Unemployment/Jobs | 11 Comments
The widely anticipated October Unemployment Report covering the month of September was just released. Let’s dive right in and take a look at the numbers . . .
I. UNEMPLOYMENT RATE
July: 9.5%
August: 9.4%
September: 9.7%
- October Consensus Expectation: 9.8%
- October Actual: 9.8%
>> LD’s comments: as expected and only getting worse. The underemployment [...]
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By Sarah Palin (Release date: November 17. 2009)
