Archive for June, 2009

The Chicago Cubs Blow 2009

Thursday, June 18th, 2009

With the news today that the Tribune Company has reopened negotiations to sell the team with a second bidder, I thought it time to opine on the Cubs chances this year. A couple of years ago I had a letter hand delivered to Andy MacPhail by a friend of the family who was in town […]

Here We Go Again – Dollar Devaluation

Wednesday, June 10th, 2009

In December the Fed announced that it would target Fed Funds at 0 to 1/4% and it also announced that it would be in the market for agency debt and treasuries, effectively monetizing the debt of the United States.  The dollar, which had been strengthening in the flight to quality as risk positions were eliminated […]