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Here is a clip from the Daily Show with Jon Stewart that highlights Lenny Dykstra, the former baseball player turned financial guru.  To my mind, it really puts the bubble years into perspective.

By the way, I am a Boston Red Sox fan. And, in 1986, when the hated New York Mets beat us in the [...]

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I love this guy. If you are looking for a guy who is super bearish on the U.S., then David Tice is your man.  He sees unemployment at 15%, stocks well down from present levels and a serious Depression with a Capital-D in the offing.  In short, he’s talking about a financial and economic catastrophe.  [...]

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Jim Cramer is not just calling a stock market bottom, but now he’s calling a housing bottom too.  In fact, he says go buy a house.  “Buy a house and buy Bank of America too?”  Cramer says: “This is patently obvious.”
Take a look and tell me what you think.  Personally, I know his stock picking [...]

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I found this story and video of Bill Black on Tech Ticker (hat tip Larry Doyle). Basically, Black thinks the stress tests were a joke, a common theme heard from those in the know. Listen to what he says about a really difficult stress test we gave Fannie Mac ten years ago.
Results of [...]

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Elizabeth Warren, the chair of the Congressional Oversight Panel to oversee TARP, goes ballistic in this interview with the guys from Tech Ticker. She gets right to the heart of what is wrong with the banking industry.  You can tell she is very passionate about this issue.
Take a look.  Below are the videos in two [...]

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On Monday, I mentioned that the Asian Development Bank Fund was a clear sign that Asia was cutting loose from the west and looking to take care of things domestically.  WIlliam Pesek of Bloomberg News put out a piece this morning echoing those sentiments, but also adding a lot more background regarding the events leading [...]

For a moment forget that Mark Mobius is talking his own book. He suggests in the video below that we are in the early stages of a new bull market for emerging markets. He does not suggest that it will be off to the races from the word go, however. Mobius thinks we are base-building right now.

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Berkshire Hathaway’s Annual Meeting is this coming Saturday 2 May 2009 in Omaha, NE at the Qwest Center (details in pdf here).  Given the financial turmoil and all of the hubaloo around Berkshire’s credit rating, it should be a very interesting affair.
In conjunction with the Annual meeting, Berkshire CEO Warren Buffett’s son Peter is hosting [...]

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Irrespective of whether one thinks the stress tests used to test the U.S. banking system is a sham (10% unemployment is not a worst-case scenario), the fact of the matter is these tests MUST show some differentiation in order to be credible.  Vincent Reinhart, a former Fed official now at the AEI, makes this case [...]

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Paul McCulley of PIMCO made a few comments back in March which caught my attention.  Given how well banks are doing this earnings season, I thought it relevant to quote him here.  The essence of his remarks was this:

Deleveraging is a self-reinforcing vicious cycle brought upon by the Paradox of Thrift.  In order to stop [...]