I hate always running Josh Brown's posts over here, but I cannot help it if the guy is spot on all the time. I read a post over at TRB today that made me feel sort of guilty for not ripping into things like I used to. A sample:
First, I hope the Fed does not embark on QE3. After 40 years of pain avoidance, can we just rip off the f**kin' band-aid already? Enough with the asset price protection, it is the root cause of everything bad about the economy right now. Had we saved the banking system and said f**k the banks themselves, we'd be two thirds of the way out of this by now. Had we gone Swedish instead of Japanese and said the banks are now "Wards of the State" until cleaned up, then yes, we probably would have seen Dow 5000...but so what? Was stopping at Dow 6500 so much better? We would have had an unencumbered financial system at this point, one healthy enough to cope with a new leg down in housing, rather than the debt-ridden George Romero zombie film we find ourselves re-watching every quarter.Much more and it's required reading for anyone so here is the link:
Jackson Hole Preview: The Difference is Why
My buddy Jonathan Lundberg just started blogging but he writes like he has been doing it a long time. While this post is sort of political, I think it has real value when thinking about the total lack of leadership right now from both the President and CONgress:
For The First Time In History The U.S. Has No President
I have bought a ticket to The Big Picture Conference to be held October 11th at the New York Athletic club. Speakers include Barry Ritholtz, Josh Brown, James Altucher, James Bianco, Joe Weisenthal and more. One problem, I have never been to NYC! Anyone that can help me with hotel ideas and any helpful hints? I am not 100% sure I am going, but I got a ticket anyway. I would like to go.
Added: I promised my friend David I would post some blade pictures, so here a few of mine:
Have a good night.