“Those people have all the social utility of a bunch of rats admitted to a granary.” So says Warren Buffet’s sidekick Charlie Munger when discussing high frequency trading with a CNBC correspondent… He wants to see the art of high frequency trading eliminated entirely. He thinks investors should be in stocks for the long-term…  He’d [...]

Extending unemployment benefits may have seemed politically expedient at the time(s), but if a high unemployment rate is, as many think, an insurmountable hurdle for an incumbent president, it could backfire big time… The story behind the story of the 8.1% unemployment rate, is the 14.5% “true”  unemployment rate – when you factor in those [...]

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It’s Sunday evening, just looked at stock futures (not pretty) and caught up on the election results in Greece and France (very not pretty)…  A new crop of politicians seized the opportunity to make entirely unfulfillable promises… Shaming their predecessors who dared to renege on all their unfulfillable promises just because they didn’t have the [...]

“They” say; “It’s simply not fair that some prosper and some don’t in this here greatest nation on earth”… True that!! Yet another example was illustrated in last Tuesday’s Wall Street Journal article UAW Freezes Rival Out of Rebound… As you’ll read, an auto manufacturing plant in Moraine, Ohio, one of GMs most productive, was shut [...]