stlplace

What a week. Stock market indices dropped significantly in last 3 trading days of the week, following many events in the week.
1. Scott Brown won MA senate race
No one see this coming until recently. Looking back this is actually easy to understand. A few days before the Tuesday election, I was thinking, if Democrats want […]

the link to publisher here. author: Nomi Prins, formerly Managing Director of Goldman
Also author interview by Vermont senator Bernie Sanders (I) at After Words (C-Span). There is a video link at the right. This book reminds something I read from Ruth’s Chris (Nasdaq:RUTH) 2008 annual report, Risk factors, bullet 5 (quoted below):
Turmoil in the financial […]

Some thoughts after reading Wang Jiansuo’s Craziness of Real Estate Market.
1) Fundamental: demand, new household forming, and demand to live better (more space). In the US (according to Buffett) 1.3 million household forms every year, while in the booming years they are building 2 millions houses per year. I don’t have China’s number. Note in […]

Healthcare (excuse me, Health Insurance) reform debate has heated up lately, esp. in those contentious townhall meetings. One hot issue in debate is the Public Option (not the stock option, but rather a public choice for general public to buy). It seems to me this is losing steam recently, because of a mistake made by […]

My wife asked me why there are so many outraged people on those congressmen/senators townhalls (she reads that from WSJ). I used an analogy. Imagine the metro (or buses) during rush hours in Shanghai (I used to take a bus almost every Monday morning in early 1990s, from my brother’s place to my working place, […]

imbalance. Article here. This reminds me Wang Jianshuo’s latest article “I am a rich person?”

I think the following video “Rebalance the economy: American” is also very good.

I started Financial Times subscription this week. Last week, I took advantage an offer (or a bait) of $49 for 6 months subscription. I have subscribed and read FT in the past (a few years ago when I did not know much about finance). The main reason is my WSJ and Barrons subscription are expiring, […]

When I first came to the US in fall 1997, I bought the university healthcare insurance plan, which is pretty basic, and pretty cheap. I don’t have a primary physician, and I never went to the university clinic (part of the reason was I don’t know how to say those medical terms in English, part […]

This topic is heating up in recent days. I think there are a lot of mis-understandings and mis-conception on this. One is a lot people think medicare is inefficient, I have not used medicare but it seems quite efficient in reality.

(Source: economist)
The bottom line is healthcare boils down to two issue:
1) Get more […]

By the time of this writing, CIT Group (NYSE: CIT) fate is still unknown. A while ago (Apr 24 2009) I wrote about CIT Group because I traded it on that day. I felt the situation looked more an more like WaMu as that afternoon the rating agency downgraded the rating of CIT bond to […]