The Flinchum File
Thoughtful Economic Analysis and Existential Opinions

Looking in the TIPS Jar

04/26/2010

TIPS are Treasury Inflation Protected Securities. They are issued by the U.S. Treasury and have the “full faith and credit” of the United States government. Of all bonds issued by the Treasury for any given maturity, TIPS pay the lowest interest rate, because they are “inflation-protected”, which means they pay extra to keep the purchasing … Continue reading Looking in the TIPS Jar

Disco Diva on Financial Regulation

04/23/2010

Today, I watched the President when he visited Wall Street to discuss his pending re-regulation of financial services. Some pundits called it his “closing argument”. Maybe, it was. I don’t know. However, it was certainly not the scolding many of us expected. In his campaign, he said there is no Red America nor Blue America, … Continue reading Disco Diva on Financial Regulation

Enron Redux?

04/17/2010

Years ago, I was lucky not to have been one of the many investors who lost money in the Enron debacle. About a year before their fall, Enron got into trouble with the State of California about electricity rates. It quickly became apparent that the people at Enron enjoyed a very high opinion of their … Continue reading Enron Redux?

Beware: Danger

04/13/2010

The most dangerous words on Wall Street are “It’s different this time”. Take a look at this chart of the long-term unemployed, which is 27 weeks or more, as a percent of the total unemployed. Almost 45% of the unemployed have been out-of-work over six months, which is the highest percentage since the government began … Continue reading Beware: Danger

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