Economist and professor Veronique de Rugy has published an important article entitled "We didn't deregulate."There is a persistent trope that portrays the financial panic of 2007-2008 as the inevitable result of capitalism grown out of control, and argues that it was allowed to grow out of control in this particular instance because of "deregulation"...
Tuesday, April 27, 2010
Being short is not automatically evil
We have written before, in posts going back over a year and a half (see here and here), that while our investment philosophy does not involve short-term trading, we do not consider trading to be morally evil but in fact regard it as a necessary component of the markets which enable businesses to raise capital efficiently and allow investors to gain...
Thursday, April 22, 2010
"Too big to fail" and the FDIC are connected
The President today ended a national address calling for financial reform with a humorous counterattack against any potential criticism. He cited a quotation from Time magazine, saying:"I read a report recently that I think fairly illustrates this point. It's from Time Magazine. And I quote:Through the great banking houses of Manhattan last week ran...
Monday, April 19, 2010
It's a mad, mad, mad, mad world
We recently published "The Investment Climate: April 2010" in the commentary section of our website.In it, we summarize the current situation and provide some perspective on where we stand today.Subscribe (no cost) to receive new posts from the Taylor Frigon Advisor via email -- click her...
Wednesday, April 14, 2010
Greece and California
California and Greece have some interesting similarities. Both have beautiful coastlines dotted with rocky islands. Both enjoy a famously Mediterranean climate, where it rains more in the winter than in the summer (a very rare phenomenon found in only a few places in the world). Both produce excellent grapes and olives and wine and olive oil and cheeses.More...
Tuesday, April 06, 2010
Recovery-bashing will backfire
As champions of the free enterprise system, we are hard-pressed to find anything that current policymakers are doing that gives us comfort that they understand how the free enterprise system works.However, we have always said that "we get by in spite" -- meaning, that the economy "gets by" in spite of policymakers, not because of their actions or...
