iOS app Android app

Vince Farrell

Entries by Vince Farrell

Bretton Woods II

(14) Comments | Posted November 10, 2008 | 8:53 AM

The Mount Washington Hotel is in Carroll, New Hampshire. It is not the hotel featured in the Jack Nicholson movie "The Shining." That was the Timberline Lodge near Mount Hood, Oregon. So it's ok to stay in rooms 215 and 217 (or is it 415 and 417 ?) The hotel's...

Read Post

The Pharaohs Did It. Jefferson Did It. Both Roosevelts and Even Ike Did It.

(10) Comments | Posted November 4, 2008 | 4:49 PM

Spent on infrastructure that is. The Pharaohs maybe don't count with the pyramids, but Thomas Jefferson built canals. Teddy R. was into power generation, and FDR rebuilt all of America. Even Herbert Hoover saw the benefits of government-backed public works projects and oversaw the construction of some 360 public buildings....

Read Post

Why The Rate Cut Was Important To Main Street

(6) Comments | Posted October 30, 2008 | 9:14 AM

The Federal Reserve lowered the Fed Funds rate on Wednesday to 1%. The move was widely expected but it's still important for a few reasons. First, Main Street was expecting it and now is not the time to disappoint people after they have had the shock of opening their 401-K...

Read Post

They Should've Passed The First Proposal

(8) Comments | Posted October 1, 2008 | 6:25 PM

They should have passed the first two and a half page proposal! Our elected representatives said they needed more time to consider such sweeping and important legislation. What they wanted was time to dress the bill up with bells and whistles that make McCain's tirade against earmarks sensible. Two Oregon...

Read Post

Hank Paulson Needs A Sales Lesson

(8) Comments | Posted September 30, 2008 | 9:04 AM

Hank Paulson needs to go to a Dale Carnegie Sales course. Half of you probably never heard of that but he needs to go to some sort of sales seminar to learn how to sell a program and not try to ram it down people's throats. It clearly wasn't enough...

Read Post

Buffett's Investment Isn't Just For The Good Of The Country

(15) Comments | Posted September 24, 2008 | 4:16 PM

I wouldn't go overboard with the thought that Warren Buffet's purchase of Goldman preferred stock is a vote of confidence in the financial system of the United States. I think it's a great example of an astute financier making a good businessman's investment.

He bought a preferred...

Read Post

Bernanke Threw the Dollar Under the Bus

(10) Comments | Posted July 16, 2008 | 2:18 PM

Federal Reserve Chairman Bernanke threw the dollar under the bus yesterday. In trying to achieve market stability, he, and Secretary Paulson, only rattled the cage. I believe the market sold off on the belief that if we aren't going to defend our currency, why would anyone bother to buy financial...

Read Post

Fannie Mae and Freddie Mac in Layman's Terms

(15) Comments | Posted July 14, 2008 | 9:50 AM

Everyone else is writing about Fannie Mae and Freddie Mac so I figured I would as well. The two companies play a central, indeed, the central role in the mortgage marketplace. They don't make mortgages. They buy mortgages from originating banks and repackage them as bonds or keep them on...

Read Post

The Time For Fed Action Is Now

(10) Comments | Posted June 27, 2008 | 3:00 PM

There was some heat being generated on Larry Kudlow's show last night as all of us, Kudlow, Farrell, Michael Pento, and Jack Gage of Forbes all read the markets horrendous action the same way. The downturn was a complete in your face repudiation of the Fed's decision to not raise...

Read Post

Notes From An Investor: Is The Worst Over?

(0) Comments | Posted April 17, 2008 | 2:26 PM

More big names are adding their voices to the growing chorus of opinion that the worst of the credit crisis is behind us. In addition to the heads of Morgan Stanley and Goldman Sachs, add Jamie Dimon of J.P.Morgan, Mark Mobius of Templeton Asset Management, and Richard Fuld, the...

Read Post

Bear Stearns As Sacrifical Lamb

(4) Comments | Posted March 18, 2008 | 10:29 AM

Stanley Kubrick directed the 1957 classic "Paths of Glory" starring Kirk Douglas and Adolphe Menjou. It is the story, patterned on actual events of 1917, of four sacrificial lambs executed after a failed French advance against the entrenched German army. The enraged French Generals picked four soldiers, tried them, and...

Read Post

Today's Market Crisis: "This Too Will Pass"

(8) Comments | Posted March 3, 2008 | 12:17 PM

There will be a lot of economic news this week. There is every week but we seem so much more fixated on the announcements now. The most important comes this Friday with the monthly jobs report. Consensus calls for a small gain of 30,000, but there was a very good...

Read Post

Does A Yahoo Takeover Make Sense For Microsoft?

(10) Comments | Posted February 1, 2008 | 6:57 AM

Microsoft offers a knockout blow to acquire Yahoo for $44 billion or about $31 a share vs. $19 where it closed yesterday. It's a hostile bid (why wouldn't Jerry Yang embrace this?) so the price reflects a Murdoch type strategy to crush any theoretical opposition with an offer that can't...

Read Post

Diary From A Week In Panic (Or, Why I Cut My Costa Rica Trip Short)

(16) Comments | Posted January 25, 2008 | 5:24 PM

Vince Farrell is a principal of Scotsman Capital, a New York money management firm, and a CNBC contributor. He chronicled his thoughts over one of the must turbulent weeks Wall Street has seen in years, and he shares them with us below.

10:00 PM

Read Post