Monthly Archives: October 2011

It’s the Duration, Dummy

While discussing our portfolio with my wife, curiosity lead me to the following graph comparing some Vanguard Bond Funds. It is how $10,000 invested in Vanguard’s Long-term Treasury (VUSTX), GNMA (VFIIX), High-yield corporate (VWEHX), and Short-term Investment Grade (VFSTX) bond … Continue reading

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Fed becoming less accommodative?

In a post on his blog, Barry Ritholz quoted Bill King, Market Strategist at M. Ramsey King Securites, about Bernanke’s Warning That He Would Hike Rates To Bust A Bubble. The gist is that Ben Bernanke, Chairman of the Federal … Continue reading

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Culture Shifts

Moving from a Northern California university town to a small town in the northeast Pennsylvania rustbelt was a culture shift.  Moving from there to Austin, Texas was another culture shift.  I’ve spent months in Japan, West Berlin, West Germany, and … Continue reading

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Time to Switch to a Credit Union?

The big banks are starting to raise fees for a variety of reasons, some plain greed, others due to the Durbin amendment to Dodd-Frank act that limits debit card fees banks can change merchants so they are trying to get … Continue reading

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Bond Spreads (Seeking Alpha)

In Do Bond Spreads Mean Anything Any More?, the author argues that comparing the current corporate or municipal or any other investment’s yields to Treasuries is misleading because Treasury yields are being held artificially low by the Fed (the US … Continue reading

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2 Million Jobs Were Likely Created In September

As 2 Million Jobs Were Likely Created In September says, the headline job creation figures are the net, jobs created minus jobs destroyed.  Sections of the economy are healthy and hiring.  Other sections are declining (e.g., home construction) and others … Continue reading

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