Clarion Advisory — Right on Jim Rickards!
Posted on May 17, 2012By Brice Buckley (Editor-at-Large, Clarion Advisory) 5-17-12 As we assemble for drinks over at the venerable Tom Bergins in Los Angeles. (quick side story on Bergins, I was in a panic a few months back when I thought they tore down Bergins and replaced it with a parking garage, man was I upset … turns out I [...]
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ready set…vote

a new direction…

subterfuge…by marriage

naturally…

Sure…

Gobsmacked…again

spinning…forward

Twilight zone…socially speaking

JPM’s superlative performance
By Brice Buckley (Editor-at-Large, Clarion Advisory) 5-13-12
What a superlative performance into the sublime carried out by JP Morgan’s Jamie Dimon earlier in the week; I guess there was good reason Mr. Dimon had JPM’s General Counsel seated adjacent to him on Thursday’s hastily arranged emergency conference call… a call Clarion Advisory participated in along with some of the Street’s top rated analysts, except, being the non-conformists as we are, we relished leaving our phone Read more
peel and stick…
can’t convince them? confuse them
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By Bob Jentges (Editor Emeritus, Clarion Advisory) 5-10-12
When I do decide to try and get some news from network TV and turn on my flat screen, it seems only moments before a clip of President Obama appears… giving a campaign speech on a college campus, on our dime.
Why a college campus? As one well known radio personality puts it: that’s where lots of young people with ”skulls full of mush” hang-out. The last network clip I saw involved a blatant misrepresentation of the Supreme Court’s ruling in Citizens United v. FTC (2008), quickly followed by a reference to the straw man issue of interest on student loans.
With respect to Citizens, Mr. Obama shouts to the crowd of adoring students: “Corporations aren’t people; people are people.” That statement is half correct i.e. “people are people”. But at least he is half right — better than usual.
The issue of corporate personhood is not new. It dates back at least to Dartmouth College v. Woodward (1819) when the U.S. Supreme Court recognized corporations as having the same rights as natural persons to contract and enforce same — and again in Santa Clara College v. Southern Pacific Railroad (1886) when the Court recognized corporations as persons for purposes of the Fourteenth Amendment i.e. equal protection of the laws. Moreover, in Buckley v. Valo (1976) the Court ruled that spending money to influence elections is a form of constitutionally protected free speech.
The way I see it, President Obama is taking to heart what Harry S Truman said: “If you can’t convince them, confuse them” — because what Citizens really did was no more than clarify that certain groups (such as for-profit corporations, non-profits, and labor unions, i.e. groups of citizens i.e. people) acting together for a common cause, can retain their First Amendment rights — specifically, when experessing their views on political candidates.
With respect to the issue of interest on student loans, President Obama neglected to tell the young skulls full of mush that it was a Democrat controlled Congress that put a sunset on the interest reduction, and that Congress was already in agreement that the lower interest rate would be extended — if he would simply sign the legislation when it reached his desk.
If President Obama is genuinely interested in helping college/university students, he should give more than lip service to the problem of double digit annual increases in tuition costs.
Your Vote – Your Future
By Frank Hyland (Associate, Clarion Advisory) 5-10-12
After I graduated from High School, and even before college, I was more than ready to get out on my own. I very much looked forward to having my own place, setting my own hours, and setting my own rules. I have no doubt that the great majority of young folks today feel the same. The difference is that I could do it and did it. Today, more than eight in ten college graduates are forced to move back in with their parents, saddled with tens of thousands of dollars in debt in the form of student loans and/or credit cards.
I can’t imagine what I would have felt like if I had moved back into the home that I wanted very much to have “in the rearview mirror.” Today’s graduates needn’t imagine it because they’re living it daily. The great majority of my high school classmates had moved out on their own, had gotten jobs, and had even started families. It wasn’t at all uncommon. Today it is very uncommon.
If I had, for some reason, had to move back into my parents’ house, I would have taken every step to conceal that fact from my classmates who lived in their own apartments and houses. These days, with so many young folks back home, it may be a bit easier to admit the fact to one’s peers because at no time in the past, it is reported, have so many college graduates ever had to move back into their parents’ houses.
Leaving the issue of the cost of higher education aside for another column, the point to focus on here is the jobs market, especially for recent college graduates. In a word, it is “lousy.” Salaries and wages are low and are shrinking in terms of buying power, along with the number of jobs.
The added burden, though, of having Read more
joking around…


