Everyone thinks they can ride a wave and leave before a tsunami ruins their day at the beach.
~ Bill Laggner, July 30, 2013
Showing posts with label people - Laggner; Bill. Show all posts
Showing posts with label people - Laggner; Bill. Show all posts
Jul 30, 2013
Jan 10, 2010
Bill Laggner and Kevin Duffy on the coming political backlash
Barron's: Speaking of a backlash, we now have Goldman managers toting guns to protect themselves from populist rage. At what point will society demand some sort of change from the government?
Laggner: A client sent me an e-mail the other day in which the tea-party demonstrators are getting a higher approval rating than the Democrats or Republicans. There is a backlash building, and that's a very good thing. But it's a process. As the arrogance level of central bankers or the money-center banks continues to grow, 2010 and the mid-term elections will be very exciting.
Duffy: Last year, 70% of the people were opposed to the bailout. And so far, through these massive interventions, government has been able to stabilize the financial system. But you have this divergence between the real economy and the political economy. People are still hurting. Consumer confidence has not rebounded like investor confidence has. If we are right, and we are heading for the next leg down, that's when I think all bets are off. If the political economy and some of those who got bailed out are back asking for another bailout, that's when the backlash really starts to heat up.
~ Bill Laggner and Kevin Duffy, "Shorting the Economic Recovery," Barron's, December 28, 2009, by Robin Blumenthal
Laggner: A client sent me an e-mail the other day in which the tea-party demonstrators are getting a higher approval rating than the Democrats or Republicans. There is a backlash building, and that's a very good thing. But it's a process. As the arrogance level of central bankers or the money-center banks continues to grow, 2010 and the mid-term elections will be very exciting.
Duffy: Last year, 70% of the people were opposed to the bailout. And so far, through these massive interventions, government has been able to stabilize the financial system. But you have this divergence between the real economy and the political economy. People are still hurting. Consumer confidence has not rebounded like investor confidence has. If we are right, and we are heading for the next leg down, that's when I think all bets are off. If the political economy and some of those who got bailed out are back asking for another bailout, that's when the backlash really starts to heat up.
~ Bill Laggner and Kevin Duffy, "Shorting the Economic Recovery," Barron's, December 28, 2009, by Robin Blumenthal
Sep 9, 2009
Bill Laggner on large financial institutions
Everyone sits at the bailout trough in American finance.
~ Bill Laggner, Bearing Asset Management, September 9, 2009
~ Bill Laggner, Bearing Asset Management, September 9, 2009
Oct 30, 2008
Bill Laggner on hedge funds, SEC disclosure fight
You are getting more and more layers of intervention in the most entrepreneurial piece of the investment world. There is a real sense of frustration about this because people want to keep their strategies under wraps. And as long as it is legal, why is the government looking?
~ Bill Laggner, "Hedge funds gird for SEC disclosure fight," Forbes.com, October 3, 2008
~ Bill Laggner, "Hedge funds gird for SEC disclosure fight," Forbes.com, October 3, 2008
Mar 26, 2008
Bill Laggner on fundamental analysis
The P&L is the past; the balance sheet is the future.
~ Bill Laggner, Bearing Asset Management, March 26, 2008
~ Bill Laggner, Bearing Asset Management, March 26, 2008
Subscribe to:
Posts (Atom)
