Eggheads, Bankers and Gershwin

The dog days of summer are upon us. Here in Central Florida we are at the point where the dog gives me that “You are a special kind of stupid aren’t you?” look when I try to interest her is a midday walk and the late afternoon weather is not so much rain as a mini apocalypse. Up north the hedgies, bankers and brokers have all taken off for the Hamptons or the mountains to escape the joy that is Manhattan is August. Best of all In DC Congress is out of session and therefor incapable of doing anything stupid until they return in early September.

Not to say that keep the government from doing stupid things. There are several branches of government and the executive branch has stepped up to fill the void this week. The White House Council of Economic advisors released a report this week that concluded that “"community banks have recovered strongly from the financial crisis and have remained healthy in recent years as Dodd-Frank financial reforms have been implemented.” The report also says “this issue brief shows that community banks have remained strong as Dodd-Frank reforms have been implemented. ”I found the report fascinating as every banker I have talked to has told me that Dodd Frank is an issue and it has raised their costs. Some deal with it better than others but it’s a he expense for all of them. The study by the White House egg heads says Dodd Frank is not a problem while this running the businesses say it is. I am going to favor the feet on the ground over the eggheads on this one.

The American Bankers Association President Rob Nichols was quick to issue a statement. He said “There is a serious disconnect between this ...

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Low and Slow, Prudent Buyers and Barefootin

We continue to see a mixed bag in the US economy. For every good number or comment we see a negative development or commentary. For instance Jamie Dimon was pretty upbeat about the US economy recently saying “"What we see ...

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Low and Slow, Prudent Buyers and Barefootin

We continue to see a mixed bag in the US economy. For every good number or comment we see a negative development or commentary. For instance Jamie Dimon was pretty upbeat about the US economy recently saying “"What we see ...

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Comments

Bank CEOs: M&A is on the way

Imagine going out to coach the Super Bowl with the other teams playbook in your possession. You will have a huge edge over the other team and your odds of victory will skyrocket because you know exactly what the other ...

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Bank CEOs: M&A is on the way

Imagine going out to coach the Super Bowl with the other teams playbook in your possession. You will have a huge edge over the other team and your odds of victory will skyrocket because you know exactly what the other ...

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Private Equity, Banks, Political Parties and Steamed Crabs

There was no Thursday note last week as after several weeks of contractors and noise the wife and I decided we had had enough. The youngest was in Ireland seeing her fathers family so we left my son with the ...

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Talking Markets and banks with Joel Elconin on Benzinga premarket this morning

https://soundcloud.com/bztv/premarket-prep-for-july-20th-earnings-season-rolling-on?in=bztv/sets/daily-broadcasts#t=1:14:57

starts at 1:14 mark

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Talking Markets and banks with Joel Elconin on Benzinga premarket this morning

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Talking markets and banks with Chris Swatta on the Value Investing Show

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Talking markets and banks with Chris Swatta on the Value Investing Show

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Old Age, Best friend and Confusion

It is just not a good time to be aggressively buying stocks. We can talk about low interest rates and buybacks until the cows come home but somethings are just obvious. You don’t spit into the wind, you don ...

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Brexit, Kindness and Banking Done Right

I am spending as much of today in Brexit denial as I possibly can. Wall Street and the bookies seem confident that the UK will stay in the EU but we won’t know for sure until much later or ...

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