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Damien Hoffman

Entries by Damien Hoffman

Corporate Capitalism is Still Incredibly Broken

(1) Comments | Posted October 6, 2011 | 12:00 PM

Capitalism is predicated on rewarding people and businesses for adding value to society. Unfortunately, corporate America continues to set a horrible example for our economy.

Former CEO of Hewlett-Packard Leo Apotheker was awarded -- yes, awarded -- at least $13 million in cash and stock for doing a shitty...

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Should ODesk, Elance, and Solvate Have Won the Nobel Prize in Economics?

(0) Comments | Posted October 11, 2010 | 11:35 AM

The Royal Swedish Academy of Sciences has awarded the 2010 Noblel Prize in Economic Sciences to Peter A. Diamond (MIT), Dale T. Mortensen (Northwestern), and Christopher A. Pissarides (London School of Economics) "for their analysis of markets with search frictions." But I wonder: should the Academy have given...

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Stop! The Old Economic Story Is Not Over

(0) Comments | Posted October 6, 2010 | 1:09 PM

Bond king Bill Gross recently said, "Prosperity and overconsumption was driven by asset inflation that in turn was leverage and interest rate correlated." Although Bill says "was driven by," current US Federal Reserve and Bank of Japan policy continues to create asset inflation (e.g.,...

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AOL Continues Driving Wrong Way with New, Bigger Ads

(0) Comments | Posted September 16, 2010 | 3:01 PM

AOL has a packed mausoleum of successful products that dropped dead. In the beginning, they had a monopoly on internet access. Then they had the absolute hottest social app, Instant Messenger (IM). Now, the company is driving up a WRONG WAY and heading for a head-on collision with their online content.


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Is China Building the New-and-Improved Global Empire?

(1) Comments | Posted September 8, 2010 | 2:40 PM

First the the Egyptians gave it a run. Then the Greeks and Romans took a try. Later the Iberian Peninsula and Great Britain sat atop the throne for a round. And, of course, there is no shortage of historical dynasties in Asia.

However, since the end of WWII, the United...

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12 Steps to a U.S. Recovery -- Step #1: Buy Local

(15) Comments | Posted August 25, 2010 | 6:06 PM

The US is in deep shit. However, if we're willing to take the necessary steps, we can recover from the mess we made.

The mainstream media is filled with emotionally-driven, over-simplified proposals for fixing a very complicated problem. We are inundated with single-brain-cell solutions such as deporting illegal...

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Is the US Underclass Busting at the Seams?

(2) Comments | Posted August 19, 2010 | 3:07 PM

The Great Recession continues to take a tragic toll on the US middle class. Although credit markets are unfrozen and economic activity has drastically improved since the SP 500 hit 666 in March of 2009, the tsunami after the quake is still in full force.

Non-Business Bankruptcies are Up...

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Tale of Two Economies Continues as Jaguar and Land Rover Sales Jump 81%

(0) Comments | Posted August 12, 2010 | 12:46 PM

Are you depressed about all the headlines focusing on unemployment and the jobless recovery? To some people that story may as well be unfolding on another planet.

Indian super power car manufacturer Tata Motors Ltd. (TTM) just announced "sales at Jaguar and Land Rover jumped 81%...

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He Said, She Said: Should We Believe Economic Data or Corporations?

(3) Comments | Posted August 4, 2010 | 2:15 PM

Despite the temptation to oversimplify a complicated world by being a bull or bear, we are sticking with the mixed bag theme we laid out for our subs many months ago. In an economy full of both positive and negative events, there is no other logical conclusion.

One of...

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OMG! These 5 CEOs Are So Hot Right Now

(2) Comments | Posted July 28, 2010 | 3:15 PM

Wall Street and Silicon Valley always need something hot. Although unemployment is high and optimism resembles the scenes at the start of an anti-depressant commercial, we have found five CEOs who are building companies which haven't stopped to notice the recession...

1) Dennis Crowley --...

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Goldman Sachs Fumbles! Can Competitors Recover the Ball?

(0) Comments | Posted July 21, 2010 | 2:30 PM

Over the past decade, Goldman Sachs (NYSE: GS) ran up field like Alabama football's Heisman Trophy winner Mark Ingram. However, yesterday the SEC spearheaded Goldman like NFL superstar Ray Lewis. Fumble!!!

If I were the VP of Sales at Morgan Stanley (NYSE: MS) overlooking Times Square at 1585 Broadway, this morning...

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Trade Deficit Shockingly Widens Because America's Got Talent... to Consume!

(1) Comments | Posted July 14, 2010 | 4:55 PM

Yesterday, the US Department of Commerce announced the US trade deficit -- the difference between exports and imports -- jumped a "surprising" 4.8% to $42.3 billion in May. Fittingly on this Bastille...

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Two Main Reasons the Economy Will Survive

(4) Comments | Posted July 8, 2010 | 10:32 AM

The main stream media is overflowing with hyperventilating bears preaching about a Depression. All fear-mongering aside, we see two very positive developments in the US economy: retail and corporate spending.

1. Retail Spending

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Foursquare Founder Dennis Crowley's Best Advice for Aspiring Entrepreneurs

(1) Comments | Posted June 28, 2010 | 1:41 PM

Last week at the Newhouse conference for Monetizing Online Business, I caught up with Foursquare Co-founder and CEO Dennis Crowley to ask him what every entrepreneur wants to know from the hottest guy...

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Under the Hood: Why I Wouldn't Buy the Tesla IPO with Your Money

(8) Comments | Posted June 16, 2010 | 2:24 PM

Tesla was a genius. Buying shares of the new IPO for the car company named after the innovator ... not so genius.

Of course, owning shares of TSLA will be a status symbol in certain social...

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6 Ways to Avoid Black Swans

(0) Comments | Posted June 10, 2010 | 2:35 PM

Can we avoid black swans? Ken Posner -- veteran Morgan Stanley (NYSE: MS) securities analyst and author of the book Stalking the Black Swan: Research and Decision-Making in a World of Extreme Volatility

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The Biggest Loser: Sovereign Debt Edition

(0) Comments | Posted May 26, 2010 | 6:42 PM

Last night, Micheal Ventrella was declared the winner of the 2010 season of The Biggest Loser. In celebration of such a respectable accomplishment, I propose we solve the global sovereign debt crisis...

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Five Pieces of Evidence the US is Developing a Strong Underclass

(26) Comments | Posted May 12, 2010 | 1:38 PM

Based on the evidence below, the US currently has an underclass reaching about 10% of the population. Although these sorts of phenomena occur during recessions, keep your eye out as there are other signs the US is turning into a two-class society:

5) Dollar Tree Stores is...

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MUST HEAR: Panic And Loathing From The Stock Market Pits During the Crash

(0) Comments | Posted May 8, 2010 | 4:24 PM

"Guys, this is probably the craziest I have seen it down here ever." Here it is, memorialized for the generations and away from the now openly ridiculous disinformation propaganda of the mainstream media, just what a full market meltdown panic sounds like: straight from the epicenter, the S&P 500 pits....

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4 Top Reasons Illegal Immigration Grew Out of Control and How We Can Fix It

(14) Comments | Posted May 5, 2010 | 2:11 PM

Preventing illegal immigration is not as simple as throwing up some fences. Evidently, humans can figure out how to circumvent obstacle courses.

In order to determine an effective solution to illegal immigration, we must first understand the major reasons why it has grown out of control:

1. Demand for...

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