Articles

Merck and Schering Plough seem to be doing everything they can to protect their popular drugs from the results of a trial they designed and ran.

Google's motto is Do No Evil but lately it seems to be acting much more like another technology titan - Microsoft. Google has been squashing competition and running smaller players out of business. If you're a webmaster then you know just how powerful Google has gotten.

We probably haven't seen the end of Citibank's fall.

This economy and these markets are in trouble. And, the trouble is not nearly over. Anyone who thinks that we have weathered a storm is fooling himself. There was no surprise when we dipped below 14,000 a month ago. There should be real concern now that we have fallen below 13,000. It looks now as though the subprime muck will really take this economy down big time and that we are only a small way along the way down.

I view myself as a risk-taker. I have always been a risk-taker in my career and in relationships. Yet, last Monday, I was abruptly confronted with a risk that I couldn't possibly take.

Fortune.com posted an interesting article about some account changes that Fannie has made that helps to hide an increase in non-performing loans. The disclosures sent the stock down almost 5% on Friday. Clearly, financial institutions are under tremendous strain from defaulting home loans.

Turn up any stone and you will find reason to be down on the prospects for economic and market recovery. Housing is in major crisis; the subprime mess is only now beginning to unfold; inflation – even core inflation – is not a pretty sight; oil will be at $100+ in ten days or so; and the dollar is worthless even in Canada. And these are just some of the indicators of real trouble as we roll into the holiday season. But all these are minor compared to what is just now coming down the road – and I am not talking about international crises and the real probability of terrorist attacks.

Estate tax is really not a worry when you have billions, and almost as many lawyers to help shelter your money. Buffett loves to go before Congress to urge them to reinstate without any changes the death taxes the Republicans have been trying for years to eliminate. He has done this a number of times and the democrats love him for it. But the truth is that he does have little to worry about (because you can be sure his lawyers have protected his wealth), and neither do other very very rich people (who also have plenty of lawyers). But there are a whole lot of us without lawyers on staff and without tons of millions who do not want to be double-taxed at death. It is time to get rid of this tax and, if needed, to tax the daylight out of the very wealth who are cheating the system while they are alive.

News that Apple, Inc. is in discussions with China Mobile will give the stock a massive move up, recovering some of its lost ground. Traders and even long-term investors should consider using this as an opportunity to take profits.

Over the last couple of weeks it's become clear that we are entering a new period of staglation, that horrible condition of low growth and rising inflation that characterized much of the 70s.

Americans are ooing and ahhing over Nicolas Sarkozy and his visit to the US yesterday, but they should be looking at the transcript of what he said and responding.