Unemployment, The Consumer, and the Faith of Ancients
The market has pulled back in recent days, retesting previous lows. The primary reason for the decline may likely include the worsening outlook for the US auto industry and the delay in the Treasury department's pr...read more
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Valuations at Extremes
I am a big believer in the view that valuations are rarely a useful tool for investors except in those cases when they reach extremes. I think we are in one of these cases today. As you may recall, many technology ...read more
Excerpts of this speech from FDR came across my desk this afternoon. Some of the points echo comments we made in yesterday's Economic Update and are in many ways exactly what the nation needs to hear from its futur...read more
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Quote of the Day, Franklin D Roosevelt, March 12th, 1933
"We have had a bad banking situation. Some of our bankers had shown themselves either incompetent or dishonest in their handling of the people’s funds. They had used the money entrusted to them in speculations and ...read more
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Quote of the Day, WSJ 9/25/08
Mr. Buffett received a call at 4:30 p.m. that Saturday from a private investment firm trying to assemble a group to buy the embattled financial giant. "I'm calling about Bear Stearns,'" the private investor began, ...read more
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In Memoriam of Sir John Marks Templeton
CFA Magazine reminded me today of Sir John Templeton's death in July at the ripe age of 95. As many may know, John was a legend and pioneer in the field of international investments. He was also knighted in part fo...read more
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Remembering 9/11
We published this entry about this time last year after hearing a speech from 9/11 survivor George Sleigh. We've decided to republish it today in memory of all those affected by the tragedy. May God bless you and c...read more
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Mr. Roger's Neighborhood
While I have generally been a life-long conservative, I do not and have not always voted strictly along party lines. This may come as a surprise to some readers of our blog and I am perfectly okay with that. Today,...read more
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Quote of the Day
Peggy Noonan, in her coverage of the Democratic Convention in the Wall Street Journal this morning, said that the best line so far came from our state's governor, Ted Strickland. Echoing the 1988 Democratic convent...read more
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Classic Ronald Reagan Quotes
"I've laid down the law, though, to everyone from now on about anything that happens: no matter what time it is, wake me, even if it's in the middle of a Cabinet meeting." "The most terrifying words in the English ...read more
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Finding Michael Phelps
We have posted a new Economic Update, Finding Michael Phelps, on our website. While it generally follows the through process of today's earlier posting, we made some additional comments as well. Interested blog rea...read more
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Quote of the Day
"We love that Obama is able to flip-flop...We think it’s one of his most redeeming qualities." Art Laffer & Associates Economic Update, 8/5/08.read more
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Oil, Smart Cars, and DaVinci Surgery Video
Oil continues to ease back slightly today, to about $118.50. While we didn't comment on it, yesterday was a very nice move for the markets. Monday's decline in oil left us a bit perplexed as to why consumer discret...read more
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Lawyers and Paper
According to a study done by Conservatree, Arnold & Palmer and Purdue University and as reported in yesterday's Cleveland Plain Dealer, an average lawyer can use up to 100,000 sheets of paper every year. That's eno...read more
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Strange Lions Filmed on Safarai
This video has nothing to do with the economy or the markets. But you have to admit, it's alot funnier than most blog entries. Love the deer that stands up in the middle and the three monkeys in the background.read more
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Connie Schultz vs Yours Truly
Over the past few days, the Cleveland Plain Dealer's Connie Schultz has spoken harshly of the restaurant industrys' apparent practice of deducting a portion of the credit card transaction processing fee for custome...read more
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Thoughts on Earnings Season
Earnings season is upon us. It is always one of the more stressful periods of time in the business. Not because we don't have a good feel for how our companies are likely to do, but because we don't know what the s...read more
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The Coincidence of sub $130 oil
I find it interesting to note that when regulators decided to abolish the naked short selling rules two days ago on financials these stocks started to tear upwards while at the same time the price of oil began to c...read more
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Making the Trade, Cooperstown and Broken Foots
The Indians lost their star pitcher, 2007 Cy Young winner CC Sabathia, trading him for four minor league ball players. While this move was widely anticipated over much of the past year, the drama has finally drawn ...read more
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Personal Reflections on Health Insurance
Since starting Broadleaf Partners three years ago, I have purchased a high-deductible health insurance plan that covers my family of five. My premiums have been running roughly $400 per month, but I also have to co...read more
