Saturday, September 25, 2010

DailyMarkets.com - 19 Facts About The Deindustrialization Of America That Will Blow Your Mind

DailyMarkets.com - 19 Facts About The Deindustrialization Of America That Will Blow Your Mind

19 Facts About The Deindustrialization Of America That Will Blow Your Mind

Posted: 25 Sep 2010 11:45 AM PDT

The United States is rapidly becoming the very first “post-industrial” nation on the globe.  All great economic empires eventually become fat and lazy and squander the great wealth that their forefathers have left them, but the pace at which America is accomplishing this is absolutely amazing.  It was America that was at the forefront of the industrial revolution.  It was America that showed the world how to mass produce everything from automobiles to televisions to airplanes.  It … [visit site to read more]

David Dreman (Basically) Announces His Retirement

Posted: 25 Sep 2010 08:59 AM PDT

David Dreman

David Dreman the original contrarian, and one of the best value investors ever, announced that he will be scaling back his role earlier this week.
According to Bloomberg News:
David Dreman, the fund manager best known for against-the-grain bets on stocks he deems cheap, will step down as co-chief investment officer of Dreman Value Management LLC.
E. Clifton Hoover, who joined the firm in 2006 as co-chief investment officer, co-director of research and managing director, will … [visit site to read more]

Bull Market Rally In Lumber Futures As Economic And Construction Growth May Increase Demand

Posted: 25 Sep 2010 07:23 AM PDT

Sept. 24 (Bloomberg) — “Lumber futures rose the most allowed by the Chicago Mercantile Exchange, capping the biggest weekly gain since July, as a rebound in demand for U.S. capital equipment bolstered prospects for industrial materials.

Lumber futures for November delivery rose the CME's $10 limit, or 4.3 percent, to settle at $240.50 per 1,000 board feet at 1:13 p.m. in Chicago. This week, the price jumped 10 percent, the most since the five days ended July 2. The commodity has surged 38 … [visit site to read more]

Jason Zweig Interview With Seth Klarman: Strongly Recommended

Posted: 25 Sep 2010 07:22 AM PDT

Patience is a virtue.
Wall Street is not a patient place nor a patient industry. Our nation is now paying a very steep price for the perpetual short term mentality that continues to dominate our financial system and permeates our nation.
I strongly believe we need to shirk those who make different recommendations every other day. We need to embrace those who have a more macro view of the world and our markets and the insights to navigate accordingly. While many may profess to have these skills … [visit site to read more]

Waiting For “Superman” Released Yesterday

Posted: 25 Sep 2010 06:23 AM PDT

“Guggenheim’s documentary Waiting for “Superman” (released yesterday) focuses on aspiring students and their parents, mostly minorities, together struggling against the odds to get admitted into urban charter schools. Lacking the money for private schools, or move to the suburbs where the schools are better — although not always good — having only neighborhood high schools that are “drop out factories,” these Americans have very few options. For many their only option is finding a … [visit site to read more]

Update On The NYC “Taxi Cartel”; Medallion Prices Reach Record Highs In Aug. Of $609k And $825k

Posted: 25 Sep 2010 05:30 AM PDT

The “priciest piece of aluminum in NYC” – a taxi medallion to operate a single cab in NYC – reached a new record-high of $609,000 in August for an individual medallion (see chart above, data here), more than double the average prices in 2004. The average price for a corporate-owned taxi medallion reached a new record high in July and August at $825,000. 

Membership in the “taxi cartel” certainly has its privileges: above-market returns of 17% per year for corporate medallions … [visit site to read more]
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