@DavidSchawel Shrink the balance sheets then for true profit; sell AFS assets, & use proceeds to buy back debt. Makes BalSht cleaner also $$ Jan 13, 2012
Could protectionism, tariffs, & a VAT lead 2 inflation? RT @historysquared: $$ : Latest in the Ongoing Global Trade War http://t.co/QuwgmmxO Jan 13, 2012
The value of free enterprise has nothing to do with money or wealth http://t.co/mPHesBRu right 2 “life, liberty, &the pursuit of happiness.” Jan 13, 2012
The lure to leave the euro may prove irresistible http://t.co/upM8V9Hd Better to be Argentina than Latvia. Still better to be the US! $$ Jan 13, 2012
Amid downturn, more older Americans employed than ever before http://t.co/BBCCUy0A Retirement will be considered abnormal in the future $$ Jan 13, 2012
Americans Clueless, Pay Wall Street $20 Billion for Bad Swaps http://t.co/hCIZwSeY Swaps weren’t problem, Auction rate preferreds were $$ Jan 13, 2012
Accounting Quirk Lurks as Wild Card in Banks’ Earnings http://t.co/yfiwHRVs Acctg is best when mkt-based or amortizd cost, not hybrid $$ Jan 13, 2012
Little Alarm Shown at Fed At Dawn of Housing Bust http://t.co/HU4b513h FOMC transcripts always highlight how clueless the FOMC is. $$ Jan 13, 2012
Fed’s Steps Toward Transparency May Hinder Effort http://t.co/14hSqGs6 With increased data mkts unpredictably wind tighter to Fed policy $$ Jan 13, 2012
Here’s something to consider: http://t.co/63fsJc2y The last time ICI updated the FAQ on fund flow… http://t.co/G5XJr24E Jan 13, 2012
About David Merkel
David J. Merkel, CFA, FSA, is a leading commentator at the excellent investment website RealMoney.com. Back in 2003, after several years of correspondence, James Cramer invited David to write for the site, and write he does — on equity and bond portfolio management, macroeconomics, derivatives, quantitative strategies, insurance issues, corporate governance, and more. His specialty is looking at the interlinkages in the markets in order to understand individual markets better.
David is also presently a senior investment analyst at Hovde Capital, responsible for analysis and valuation of investment opportunities for the FIP funds, particularly of companies in the insurance industry. He also manages the internal profit sharing and charitable endowment monies of the firm.
Prior to joining Hovde in 2003, Merkel managed corporate bonds for Dwight Asset Management. In 1998, he joined the Mount Washington Investment Group as the Mortgage Bond and Asset Liability manager after working with Provident Mutual, AIG and Pacific Standard Life.
His background as a life actuary has given David a different perspective on investing. How do you earn money without taking undue risk? How do you convey ideas about investing while showing a proper level of uncertainty on the likelihood of success? How do the various markets fit together, telling us us a broader story than any single piece? These are the themes that David will deal with in this blog.
Merkel holds bachelor’s and master’s degrees from Johns Hopkins University. In his spare time, he takes care of his eight children with his wonderful wife Ruth. View all posts by David Merkel →