January 2009

Hi gang, I've been covering financial news for nearly eleven years so sure, I have my favorites. But David Swensen, Chief Investment Officer of Yale University is easily right there at the top.   Folks, his record is STUNNING and he's widely recognized as one of the best investors of our time.  His 10 year return average for the Yale Endowment Fund? 16.3%. He's invested through boom ... read more

Hi gang, It's Sunday night and the Fox Business crew including Jeff Flock and me just finished up our live special from the Detroit Auto Show.  Today is the first of three media days for the show, which, by the way, started waaaay bck in 1907 in a Detroit BEER GARDEN. (hello?) How far they've come.  Today it's 1 million square feet of show space at the Cobo Center in the heart of ... read more

...and GM's Volt may already be in their rear-view mirror.  I'm just back from the Detroit Auto Show and while EVERYONE was talking about plug-in electric cars, and while GM is rushing to get the Volt out to consumers by next year, one company---BYD out of China--- already has them on showroom floors in its home country. BYD (which stands for "Build Your Dreams") caught my eye awhile back ... read more

That's what Dan Veru of Palisade Capital Management said on "Countdown to the Closing Bell" yesterday when I asked him if he was comfortable with the U.S. taxpayer granting yet another $20 Billion dollars to Bank of America (BAC) to help it swallow its somewhat rancid purchase of Merrill Lynch. Dan's point is that we need a healthy banking system and no matter what the cost, there is no ... read more

Okay, so it's all tongue in cheek, but Adult Entertainment tycoon Larry Flynt is trying to make a point with his request for $5 billion dollars in TARP funds for his 'limp' industry.  Using the slowdown in porn DVD sales and rentals as a springboard, Flynt and his co-hort, "Girls Gone Wild" founder Joe Francis, have written a letter to Rep. Barney Frank and Treasury Secretary Hank Paulson asking ... read more

A couple of days ago I noticed gold behaving brightly. It was holding above certain levels *$850 an ounce specifically...) so I thought you guys might need to hear from Frank Holmes of U.S. Global Investors. He's one of the smartest people out there if you're talking about gold so, even though we were jam-packed with post-Inaugural craziness, we got in him in front of the Fox Business cameras to ... read more

That's how I feel about the stimulus package being voted upon today by members of Congress. The RUSH to spend $825 billion dollars of taxpayer dollars is turning out to be a sloppy one. I get that you can't please all the people all the time. I get that time is of the essence and that it's likely we won't hit the exact bullseye on spending. But what I *don't* get is that only $30 billion of the ... read more