I kept saying that the market perceives that the worst quarter – for a short time at least was the Q ended Dec 2011. Why this quarter? The interest rate increase was felt fully, sales were down…and obviously profits were expected to be down. It is in such a time that the shares (which had […]
Almost every body whom I meet asks me this question: “Should I buy gold?”. My answer is never straight (everybody around me says that!!). So I ask “Why?” The answer always is : “Because it is going up.” To me this answer is scary and completely stupid. If every body is buying an item because […]
This is the headline that Jonathan Weil used in his article in Bloomberg. You must read the full article. Here is a summary: Freddie had accumulated $ 34.3 billion (yes Billion) of paper losses, but excluded them from calculation of regulatory capital. All Freddie had to do was say the losses were “temporary” and they […]