Category: Sense on Cents (Larry Doyle blog)
By Larry Doyle on Jun 3, 2010 in Current Affairs, Economy, Sense on Cents (Larry Doyle blog) | 28 Comments
Do you hear a grinding sound? Listen a little harder. That sound is the brakes being applied to the U.S. economy. The current price action in commodities markets (as highlighted in my commentary yesterday, “Commodities Growling Like a Bear”) is very much reflective of this braking process. How do we measure the slowing? Where can [...]
By Larry Doyle on May 27, 2010 in Current Affairs, Sense on Cents (Larry Doyle blog) | 22 Comments
The disaster unfolding in the Gulf of Mexico is enormous and will have an untold impact on our economy and environment. This tragedy could have been avoided. What a shame. There should be hell to pay by those charged with overseeing the oil industry. Where were the regulators? A statement released just yesterday by the [...]
By Larry Doyle on May 12, 2010 in Current Affairs, Economy, Global Finance, International Monetary Fund, Sense on Cents (Larry Doyle blog) | 21 Comments
Is the American taxpayer ultimately bailing out the European Union? Far fetched? Don’t be so sure. While the focus of the European bailout has been on the European Central Bank, the European Union, and the IMF, little attention is being given to swap lines which were reopened between the Federal Reserve and the European Central [...]
By Larry Doyle on May 11, 2010 in Current Affairs, Economy, Sense on Cents (Larry Doyle blog) | 36 Comments
They blinked. The European Union and European Central Bank stole a play from the wizards in Washington to avert an immediate currency crisis in the EU and the potential ripple effect around the world. Did they do the right thing? For me, the question of addressing the fiscal crisis within the EU is not one [...]
By Larry Doyle on May 8, 2010 in Economy, Sense on Cents (Larry Doyle blog) | 16 Comments
Has the price action over the last year been largely nothing more than one of Wall Street’s greatest scams? Which scam is that? The classic scam in the securities industry known as pump and dump. While this scam is typically relegated to penny stocks or thinly traded stocks, the fact is the basic principles have [...]
By Larry Doyle on May 8, 2010 in Economy, Housing & Housing Crisis, Mortgage Crisis, Mortgages, NoQuarter Radio, Sense on Cents (Larry Doyle blog) | 1 Comment
Editor’s Note: May 9th program concluded and promo bumped down. You can catch the podcast of the show via BlogTalkRadio or iTunes. Check the right column for instructions on how to listen via iTunes. The challenges on our economic landscape remain daunting. While employment and manufacturing may be stabilizing, the housing and mortgage markets remain [...]
By Larry Doyle on May 7, 2010 in Economy, Sense on Cents (Larry Doyle blog) | 60 Comments
While the market is working to digest the better than expected Unemployment Report this morning, put the pom-poms away please. No, I am not negative on the report, I am calling bulls%*# on a crony capitalist system that allows for so-called market exchanges to develop and function as they did yesterday. Fat finger (meaning a [...]
By Larry Doyle on May 1, 2010 in Current Affairs, Economy, NoQuarter Radio, Sense on Cents (Larry Doyle blog) | 0 Comments
Promo for May 2nd show bumped down . listen to the archived show. Tomorrow evening, Sunday May 2nd from 8-9pm ET, No Quarter Radio’s Sense on Cents with Larry Doyle Welcomes Back Rick Davis of Consumer Metrics Institute. If you have even a passing interest in the economy and the markets, take the hour and [...]
By Larry Doyle on Apr 30, 2010 in Current Affairs, Economy, Sense on Cents (Larry Doyle blog) | 9 Comments
The 1st quarter GDP figures were just released and registered a 3.2% gain. This statistic is slightly weaker than consensus expectations of 3.4%. What were the components? The Bureau of Economic Analysis provides insights: Real gross domestic product — the output of goods and services produced by labor and property located in the United States [...]
By Larry Doyle on Apr 27, 2010 in Current Affairs, Economy, Sense on Cents (Larry Doyle blog) | 50 Comments
I have become a huge fan of Rick Davis of the Consumer Metrics Institute, the Colorado-based effort that tracks real-time consumer purchases to project future economic growth. Recall that during my March 28th conversation with Rick on No Quarter Radio’s Sense on Cents with Larry Doyle, Rick projected that 2nd quarter 2010 GDP would register [...]
By Larry Doyle on Apr 21, 2010 in Current Affairs, Economy, Sense on Cents (Larry Doyle blog) | 26 Comments
Trust. Would you know it if you saw it? Would you be able to distinguish real trust from the appearance of trust? Whom can you trust? Wall Street is an industry in which trust is too often promoted, but too seldom practiced. When somebody would say to me “Trust me on this,” I would get [...]
By Larry Doyle on Apr 19, 2010 in Economy, Sense on Cents (Larry Doyle blog) | 53 Comments
Information is everything. Regular readers of Sense on Cents and No Quarter know how often I have raised that point as being perhaps the most important factor on Wall Street. Information, timely access to information, and the reliability of that information all move markets. Who gets the information, how it is processed and shared, and [...]
By Larry Doyle on Apr 18, 2010 in Current Affairs, NoQuarter Radio, Sense on Cents (Larry Doyle blog) | 0 Comments
A government that operates without transparency and integrity while continually mortgaging our children’s future is a recipe for disaster. A government that cozies up to large monied interests and looks to redistribute wealth leaves a large swath of America totally disenfranchised. This government, as described above, occupies space on both sides of our political aisle. [...]
By Larry Doyle on Apr 17, 2010 in Current Affairs, Sense on Cents (Larry Doyle blog) | 18 Comments
Will New York Attorney General Andrew Cuomo and SEC Chair Mary Schapiro have the balls to go after former White House car czar Steven Rattner for his role in a New York State Pension “pay to play” scandal? We will learn a lot about Cuomo and Schapiro in the process. Let’s not overlook what we’ll [...]
By Larry Doyle on Apr 16, 2010 in Banks, Economy, Sense on Cents (Larry Doyle blog) | 13 Comments
You get the reputation you deserve. Whether on Wall Street or Main Street, individuals, firms, or entire industries are known by the manner in which they carry themselves. While I am all for having a good time, that little virtue called class should never be compromised. To that end, the mortgage banking industry has always [...]