Financial Armageddon

Little Cause for Optimism

July 29, 2010
By Michael Panzner
Little Cause for Optimism

It's that time of year again, when the executives who spend the bulk of their time putting analyzing "the numbers" -- the cash flowing into and out of company coffers -- offer up their best guess about what the future...
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A Matter of Time

July 28, 2010
By Michael Panzner
A Matter of Time

Attention spans have fallen sharply in the digital age. People are used to pushing buttons and getting answers, or seeing things happen at an accelerated pace. Patience is no longer a virtue, but a throwback to a bygone era. History...
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Good for Something

July 27, 2010
By Michael Panzner
Good for Something

In his latest Global Strategy Weekly, Albert Edwards, a senior member (along with Dylan Grice) of Society Generale's well regarded Global Strategy Team, notes that one of his favorite (and most over-looked) leading indicators is signalling trouble ahead. This gauge,...
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Logical Thinking Is in Short Supply

July 26, 2010
By Michael Panzner
Logical Thinking Is in Short Supply

Maybe it's always been that way, but logical thinking seems to be in severely short supply nowadays. Take, for example, those investors who've been piling into municipal bonds. Even though it's clear that the finances of state and local governments...
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A Spot-On List

July 25, 2010
By Michael Panzner
A Spot-On List

Generally speaking, just as not all of the songs included on an album (showing my age there -- I guess I should say CD or digital collection, right?) are hit-worthy, not all of the items featured on "top," "best of,"...
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No Surprise at All

July 23, 2010
By Michael Panzner
No Surprise at All

Policymaker like U.S. Treasury Secretary Timothy Geithner must find it awfully frustrating that no matter how upbeat they are about economic prospects, the man in the street just isn't buying it. "Don't they know how attuned we are to what...
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Spinning Us Around

June 23, 2010
By Michael Panzner
Spinning Us Around

(Image: Source) In "80 Percent of Americans Think We're Still in Recession," The Atlantic highlights what I believe is a classic example of the spin that many mainstream media outlets keep feeding us on a regular basis: CNN's headline is...
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Adjusting, Adjusting, and Adjusting

June 22, 2010
By Michael Panzner
Adjusting, Adjusting, and Adjusting

Even though the recession is allegedly "over," Americans continue to adjust their spending habits: "Consumers to Continue Food, Beverage Thriftiness" (Food Product Design) After two years of cutting corners, consumers have learned to get by with less and say they...
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A Quick Lesson on Forecasting the Future

June 21, 2010
By Michael Panzner
A Quick Lesson on Forecasting the Future

Here's a quick lesson on how to do a better job of forecasting the future than many of the worthless highly-paid clowns strategists on Wall Street. It's the same formula I used when I wrote Financial Armageddon: Look around Gather...
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Sign of a Troubled Economy

June 20, 2010
By Michael Panzner
Sign of a Troubled Economy

After the events of recent years, many people probably feel we'd be much better off if we shut down most, if not all, of the banks and forced their employees to seek a more productive line of work. But the...
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