Wednesday, November 30, 2011

Warren Buffett's Berkshire Hathaway Purchases Newspaper

As I said earlier this month in this blog, Content Publishers are very good investments long term especially those that are selling at deep discounts. Warren Buffett, who already owns The Washington Post,  announced today he is buying publishing company Omaha World-Herald and several other daily and weekly papers in Nebraska and Iowa.

click to read today's Wall Street Journal report

US Debt and Obligations

Gloom and Doom. Sad reality of the numbers.

US debt and obligations are staggering. Prepare for the next decade with these statistics in mind:

US Government Debt: $14 trillion + Freddie & Fannie Mac: $5 trillion.
In addition are mandatory payments for unfunded obligations:
Medicare $23 trillion
Medicaid $ 35 trillion
Social Security $ 8 trillion

click to read Minyanville Part I

click to read Minyanville Part II

Tuesday, November 29, 2011

29,000 Pages That Will Change America

The Bailout numbers are troubling, but the secrecy and lack of accountability of the central bank (Fed) has ruined all TRUST.

from today's Bloomberg News service: click to read :Secret Fed Loans Gave Banks $13 Billion

"Bloomberg LP, the parent of Bloomberg News, won a court case against the Fed and a group of the biggest U.S. banks called Clearing House Association LLC to force lending details into the open."

"The banks spent $146.3 billion on compensation in 2010..... "

"...the Fed had committed $7.77 trillion as of March 2009 to rescuing the financial system"

" On Nov. 26, 2008, then- Bank of America Corp. Chief Executive Officer Kenneth D. Lewis wrote to shareholders that he headed “one of the strongest and most stable major banks in the world.” He didn’t say that his Charlotte, North Carolina-based firm owed the central bank $86 billion that day."

Monday, November 28, 2011

Is Your Mortgage Insurance Company Bankrupt?

PMI Group has filed bankruptcy, will MGIC and Genworth Financial be next?

Real Estate prices continue to fall, foreclosures are rising, and consumers with weak credit can't get approved to buy no matter how attractive homes may be selling for these days.
Consumers who are fortunate enough to get approved for a mortgage will now have one less Mortgage Insurer to choose from after PMI Group's bankruptcy.

Clcik to read Huffington Post report

Friday, November 25, 2011

Does Housing Crisis have Hope?

  ..."of the 55 million mortgages in America, more than 10 million are reasonably likely to default", from NY Times, Nov 2011. click to read :To Fix Housing Crisis, Read the Data

 Real Estate is NOT an attractive investment , REAL ESTATE DATA

Tuesday, November 22, 2011

America Needs Economic Justice

“Income inequality in this country is just getting worse and worse and worse,” says James Chanos, president and founder of money managers Kynikos Associates. “And that is not a recipe for stable growth.

 The Dow Jones industrial average didn’t regain its September 1929 peak of 355.95 until 1954.

“If nothing is done about income inequality, there may be recurring crises,” says Michael Kumhof.

click for Bloomberg Businessweek report

Monday, November 21, 2011

Know the Market's Sentiment ......or else

“Being unprepared will leave you vulnerable to a major disruption in your life. Being prepared will allow you to make exceptional profits in the crash and the ensuing recovery. For now, you should focus on making sure you do not become a zombie-eyed victim of the depression" - Robert Prechter, the president of  Elliot Wave International and author of "Conquer the Crash"
The following clip from Bloomberg is a must for all investors.

click to Bloomberg interview

Friday, November 18, 2011

Newspaper and Website sells for $110 million

Uncertainty in the marketplace has left investors searching for good long term investments.  I continue to be bullish on Media (content) companies for the long term. A third deal in less than a week was announced this morning as San Diego paper (and it's website) were purchased for $110 million.

click here for LA TIMES report

Thursday, November 17, 2011

Suttmeier Says

Today we share the morning Newsletter from Richard Suttmeier

click here for today's Four in Four

Richard Suttmeier had been a professional in the US Capital Markets since 1972, transferring his engineering skills to the trading and investment world. Richard has an engineering degree from Georgia Tech and a master of science from Brooklyn Poly.

Richard began his career in the financial services industry in 1972 trading US Treasury securities in the primary dealer community. He became the first long bond trader for Bache in 1978, and formed the Government Bond Department at LF Rothschild in 1981, helping establish that firm as a primary dealer in 1986. This experience gives him the insights to be an expert on monetary policy, which he features in his newsletters, and market commentary seen on numerous web sites on the Internet.

Suttmeier correctly predicted the crash of the homebuilders in the summer of 2005, and in April 2006 predicted the real estate meltdown that’s plaguing the banking system and the US economy around the country today. He correctly predicted the stock market peak in 2007 and the bottom in March 2009.
Richard’s industry licenses include, Series 7, Registered Principal (Series 24), and Investment Advisor (Series 65). Richard has been the Chief Market Strategist for since 2008 and often appears on financial TV.

Richard can be reached at

Saturday, November 12, 2011

Friday, November 11, 2011


Happy Veteren's Day


Freedom to Love, Work, Worship


I am Bullish on America

Thursday, November 10, 2011

Sad Day in Jefferson County

Historically, Municpal Bonds have always been treated as the safest tax free investment in the market.
Aside from United State Treasuries, municipal bonds have been considered the most conservative of investments. 
Muni Bondholders will need to re-evaluate the risk of their portfolio holdings.