End of “Dumb Money” Era for Private Equity
Dan Gross: “Nine of the 10 biggest leveraged buyouts were done between 2006-2007. They bought into cyclical industries right at the...
Stress Test — or Reality Check?
Are US banks marking their SIVs at a 33% discount? Is this metric part of the ‘stress test’? Consider: “Whistlejacket Capital...
Video-o-rama: Investors “look past the valley”
Video-o-rama: Investors “look past the valley” As the financial markets await the bank stress test results in the US, a potpourri of...
The History of Chrysler
One of America’s most storied automakers has filed for bankruptcy, 85 years after the first Chrysler car hit the road. Here’s...
US vs Europe: Who is the Welfare State?
Today is May Day, and while International Workers’ Day (Labour Day in the UK), means little in the USA, its a big holiday in...
Jim Welsh Investment Letter – April 2009
Jim Welsh of Welsh Money Management has been publishing his monthly investment letter, “The Financial Commentator”, since 1985. His...
Bonuses Still Big on Wall Street
There was outrage from Wall Street to Washington over bonuses paid to AIG and Merrill Lynch executives but a new survey reveals that 94...