Posts Tagged “Warren Buffett”

The Congressional Balancing Act

2 | By Shah Gilani

There’s a ton of “insight” to be meted out about what’s going on in the market. You’ve heard most of it from me, and everybody else. But today and tomorrow will be all about being an insider at the meetings going on over in Europe.

Oh, to be a fly on the wall at those meetings…

What we couldn’t do with a little “inside information!”

But we can’t be there, and besides, that would be insider trading, wouldn’t it?

So, we’ll all just have to stay glued to CNBC and Bloomberg to see what the future holds for us all.

Speaking of trading on inside information…

Have you heard about the hearings up on Capitol Hill?

Oh yeah, there’s been serious discussions in Congress – by Congressmen and women -about reports of insider trading being conducted by privilege insiders, namely, some of their own.

It seems our always honest, always on-top-of-it, always looking-out-for-themselves Congressional leaders and their rank (and I do mean rank) and file are at it again, proving that although their net worth to the public may be zero, their access to non-public information is priceless.

Here’s why…

Too Little, Too Late (and a Jab at the Oracle)

1 | By Shah Gilani

Dear Reader,

In yet another sign that markets are broken, yesterday’s huge market advance came on the heels of two presumably separate (yeah, right) central bank moves.

Both were designed to add liquidity and support to shaky and dangerously deteriorating markets.

(That was good news?)

First, China lowered the reserve ratio its banks have to hold against loans they make. They didn’t do that because things over there are rosy. They did it because the property market is teetering and financing has been drying up.

Full story here…