After some prolonged legal proceedings following Advanta’s collapse, there’s a new settlement whereby investors in their high yield notes will get 38% of the money owed. This follows months of warnings (April 2009, May 2009, Jun 2009 and then…boom!) from me highlighting that as the company continued to blow more and more money on ads [...]
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CBSMoneyWatch published a piece of screed this week on the Inflation Conspiracy pretty much mocking and patronizing people who question the value or validity of the government’s official measure of inflation. The author somewhat misrepresents the intent of mainstream inflation critics by saying they “believe that somehow there’s an inflation conspiracy going on, and the [...]
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Lazy Portfolios – I’m Laughing At You Again
It’s been a few years running now (2011, 2010) where I pointed out the the contrived beauty and simplicity of the “Lazy Portfolios” regurgitated by MarketWatch’s Paul Farrel ad nauseam is nonsense. See, these nifty portfolios were set up with the benefit of hindsight and spewed out a few years ago when virtually every asset [...]