Monday, October 31, 2011

@AllAmerInvest Eulogy Steve Jobs, PIMCO Bill Gross, Maduff, MF Global Doink, Cain, Happy Hallowing

Mona Simpson is a novelist and a professor of English at the University of California, Los Angeles. She delivered this eulogy for her brother, Steve Jobs, on Oct. 16 at his memorial service at the Memorial Church of Stanford University.

Bill Gross, Pennies from Heaven

  • Once interest rates inch close to zero and discounted future cash flows are elevated in price, it’s difficult to generate much more return if economic growth doesn’t follow.
  • Equity markets should be dominated by dividend yields and the return of capital via share buybacks, as opposed to growth.
  • In fixed income assets, we suggest that portfolios should avoid longer dated issues where inflation premiums dominate performance.
Read More

New York Fed terminates MF Global’s status as a primary dealer
MF Global Holdings Ltd., the futures broker run by Jon Corzine, was suspended from conducting new business with the New York Federal Reserve today after posting a record loss.

60 Minutes, Crime, punishment, and the shame of being a Madoff
The following script is from "Madoff" which aired on Oct. 30, 2011

8:22 AM

All American Investor

CNBC Portfolio Challenge Bonus Bucks Answers for Monday, October 31, 2011

Subscribe to All American Investor
Enter Your Email Address

Bombs, Bridges and Jobs
A few years back Representative Barney Frank coined an apt phrase for many of his colleagues: weaponized Keynesians, defined as those who believe “that the government does not create jobs when it funds the building of bridges or important research or retrains workers, but when it builds airplanes that are never going to be used in combat, that is of course economic salvation.”

Cain denies report of sexual harassment
In a statement Sunday to The Associated Press, the Cain campaign disputed the Politico report that said Cain had been accused of sexually suggestive behavior toward at least two female employees.

Japan intervenes to tame soaring yen ahead of G20
Japan sold the yen for the second time in less than three months after it hit another record high against the dollar Monday, saying it intervened to counter excessive speculation that was hurting the world's No. 3 economy.

Happy Halloween

Original content Bob DeMarco, All American Investor