Tuesday, October 06, 2009

Hay Man

"You cannot send your way out of recession or borrow your way out of debt."
Daniel Hannan
Hay Man

Sunday, September 27, 2009

Fund My Mutual Fund: Ron Paul with Dylan Ratigan

Fund My Mutual Fund: Ron Paul with Dylan Ratigan: "Nice short interview by Dylan Ratigan (who escaped the vortex of CNBC) of Ron Paul. Looks like the Fed audit bill is really gaining steam - if you are for transparency you should be behind this bill. Obviously Tim Geithner is against transparency [Aug 26, 2009: Geithner - Auditing the Fed 'is a Line We Don't Want to Cross'] And the Federal Reserve doesn't want transparency - as expected they filed an appeal to disclosing what exactly it is doing, and whom it is doing it with after a successful Freedom of Information Act suit. [Aug 25, 2009: Court Orders Federal Reserve to Disclose Emergency Loan Details]"

Inflation a Risk Without Foreign Debt Buyers: Robertson - Economy * US * News * Story - CNBC.com

Inflation a Risk Without Foreign Debt Buyers: Robertson - Economy * US * News * Story - CNBC.com:
"The US is too dependent on Japan and China buying up the country's debt and could face severe economic problems if that stops, Tiger Management founder and chairman Julian Robertson told CNBC.

'It's almost Armageddon if the Japanese and Chinese don't buy our debt,” Robertson said in an interview. 'I don't know where we could get the money. I think we've let ourselves get in a terrible situation and I think we ought to try and get out of it.'"

City Critic - GoMobo Makes Ordering Fast Food a Little Faster - NYTimes.com

City Critic - GoMobo Makes Ordering Fast Food a Little Faster - NYTimes.com: "GoMobo’s motto is “Skip the line.” But in the current economic climate, fewer and fewer restaurants have lines. (Except for the infuriating Starbucks, which isn’t on GoMobo’s system.) And where lines do appear, as often as not they seem to be an attraction: the more people who want to go to Shake Shack, the more people who want to go to Shake Shack."

Thursday, September 24, 2009

BioTime KeyNote Presentation China Beijing Summit

Wednesday, September 23, 2009

H.P.’s Bet in Buying E.D.S. Seems a Winner - NYTimes.com

H.P.’s Bet in Buying E.D.S. Seems a Winner - NYTimes.com: "In the services business, if cost-cutting and price are the only levers you have to compete, it’s not sustainable,” said Dave Liederbach, the general manager of I.B.M.’s outsourcing business. “The chaos that results in a client situation will be severe."

Monday, September 21, 2009

BTIM is up 25% today on Significantly higher volume... something is definitely cooking...
5.65
+1.15 (25.56%)
Delayed: 2:13PM EDT


here are some of the points from the report

1. The average and median age of company founders when they started their current companies was 40.

2. 95.1 percent of respondents themselves had earned bachelor’s degrees, and 47 percent had more advanced degrees.

3. Less than 1 percent came from extremely rich or extremely poor backgrounds

4. 15.2% of founders had a sibling that previously started a business.

5. 69.9 percent of respondents indicated they were married when they launched their first business. An additional 5.2 percent were divorced, separated, or widowed.

6. 59.7 percent of respondents indicated they had at least one child when they launched their first business, and 43.5 percent had two or more children.

7. The majority of the entrepreneurs in the sample were serial entrepreneurs. The average number of businesses launched by respondents was approximately 2.3.

8. 74.8 percent indicated desire to build wealth as an important motivation in becoming an entrepreneur.

9. Only 4.5 percent said the inability to find traditional employment was an important factor in starting a business.

10. Entrepreneurs are usually better educated than their parents.

11. Entrepreneurship doesn’t always run in the family. More than half (51.9 percent) of respondents were the first in their families to launch a business.

12. The majority of respondents (75.4 percent) had worked as employees at other companies for more than six years before launching their own companies.

Which of the above surprises you the most and alters your mental model of what entrepreneurs are like?

Patent Auctions Offer Protections to Inventors - NYTimes.com

Patent Auctions Offer Protections to Inventors - NYTimes.com: "Wrangling over patents is beginning to move out of the courtroom and into the marketplace. A flurry of new companies and investment groups has sprung up to buy, sell, broker, license and auction patents."

Sunday, September 20, 2009

Porvoo Group

Porvoo Group: "The Porvoo Group is an international cooperative network whose primary goal is to promote a trans-national, interoperable electronic identity based on PKI technology (Public Key Infrastructure) and smart cards and chip ID cards, in order to help ensure secure public and private sector e-transactions in Europe. The Group also promotes the introduction of interoperable certificates and technical specifications, the mutual, cross-border acceptance of identification and authentication mechanisms, as well as cross-border, online access to administrative services.�"
It appears that something may be cooking in the area of Regenerative Medecine....

this stock has run up significantly over the last few days... BTIM (its a "penny stock" - OTC, but its current value ain't anywhere near a penny) ... http://www.google.com/finance?q=OTC:BTIM plus it seems that their CEO is presenting in China - turning down a slot at the premier Stem Cell Summit in Maryland that conflicts with that date, is very qualified in the field, look at his bio to see his track record at other similar companies that are publicly listed. Some very advanced research coming up in China (see the video on http://www.worldstemcellsummit.com/ ) ... they have not suffered from the stemcell research ban, which is now being repealed by Obama ...If you dig around a bit you'll also find stories on stem cell therapies that are already being successfully undertaken in China.

Have not studied their financials as yet ... if his last presentation is true, then this stock would be classified as a rule breaker....

This Company’s Failure Clears Your Path to Real Stem Cell Fortunes

This Company’s Failure Clears Your Path to Real Stem Cell Fortunes: "The company has already announced the discovery and successful creation of various cell types, including cartilage cells. Recently, as you know, the platform won the biggest grant in the history of the California Institute for Regenerative Medicine"
The company is BIOTIME : BTIM

Preoccupations - Jim Remsik - For Writing Software, a Buddy System - NYTimes.com

Preoccupations - Jim Remsik - For Writing Software, a Buddy System - NYTimes.com: "Our style of working is called pair programming, which has been popular for years in some software design companies. Two of us sit side by side at a computer workstation to develop a program that is the backbone of an interactive Web site."

Saturday, September 19, 2009

How funny money will keep this rally going, and why M2 tells us how it will end | The Precision Report

How funny money will keep this rally going, and why M2 tells us how it will end | The Precision Report

The Sowers of the Thunder | Uncommon Wisdom

The Sowers of the Thunder | Uncommon Wisdom
CRACK-UP BOOM
Austrian Economist, Von Mises:

This first stage of the inflationary process may last for many years. While it lasts, the prices of many goods and services are not yet adjusted to the altered money relation. There are still people in the country who have not yet become aware of the fact that they are confronted with a price revolution which will finally result in a considerable rise of all prices, although the extent of this rise will not be the same in the various commodities and services. These people still believe that prices one day will drop. Waiting for this day, they restrict their purchases and concomitantly increase their cash holdings. As long as such ideas are still held by public opinion, it is not yet too late for the government to abandon its inflationary policy.

But then, finally, the masses wake up. They become suddenly aware of the fact that inflation is a deliberate policy and will go on endlessly. A breakdown occurs. The crack-up boom appears. Everybody is anxious to swap his money against 'real' goods, no matter whether he needs them or not, no matter how much money he has to pay for them. Within a very short time, within a few weeks or even days, the things which were used as money are no longer used as media of exchange. They become scrap paper. Nobody wants to give away anything against them.

It was this that happened with the Continental currency in America in 1781, with the French mandats territoriaux in 1796, and with the German mark in 1923. It will happen again whenever the same conditions appear. If a thing has to be used as a medium of exchange, public opinion must not believe that the quantity of this thing will increase beyond all bounds. Inflation is a policy that cannot last.

Tuesday, September 15, 2009

Sunday, September 13, 2009

Ten Bubbles in the Making: Tech Ticker, Yahoo! Finance

Ten Bubbles in the Making: Tech Ticker, Yahoo! Finance

1. China Bubble
2. Green Bubble
3. Gold Bubble
4. Federal Reserve Bubble
5. Trash Stock Bubble
6. Education Bubble
7. Subprime Bubble
8. Life insurance Securitization Bubble
9. Commercial Real Estate Bubble
10. Emerging Market Bubble

Unboxed - Creating Quant Models That Are Closer to Reality - NYTimes.com

Unboxed - Creating Quant Models That Are Closer to Reality - NYTimes.com

Wall Street’s Math Wizards Forgot a Few Variables


Saturday, September 12, 2009

Thursday, September 10, 2009

Google Plans Tools to Help News Media Charge for Content - Bits Blog - NYTimes.com

Google Plans Tools to Help News Media Charge for Content - Bits Blog - NYTimes.com
Google is planning to roll out a system of micropayments within the next year (ED 2009 to 2010) and hopes that newspapers will use it as they look for new ways to charge users for their content.