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  1. Pockets of Strength in a Weak Market • January 30, 2009

    “When everyone thinks alike, everyone is likely to be wrong.” – Humphrey Neill, The Art of Contrary Thinking UPDATES: GGG Dear Capital & Crisis Reader, The Financial Times led off one headline column this week thundering: “The world economy will this year suffer its worst performance for more than 60 years with a serious risk that 50 million people will [...]

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  2. APL Pays Up! • January 28, 2009

    UPDATES: APL Dear Capital & Crisis Reader, Our patience with Atlas Pipeline Partners (APL:nyse) is starting to bear fruit. Today, Atlas declared a quarterly distribution of 38 cents. While that is down from the 96 cents it declared last quarter, I think it lays to rest the market’s excessive worries about APL’s cash flows. The stock is up [...]

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  3. Potash Reports and Other Updates • January 23, 2009

    “If I was being paid $30,000 a year, the very least I could do was hit .400.” – Ted Williams, Hall of Famer and the last man to hit .400 (.406 in 1941). UPDATES: POT, GGG, DEL, PICO Dear Capital & Crisis Reader, While more bad news trickles out of Wall Street every day, we have some good news [...]

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  4. The Stock Market Was Not Amused • January 21, 2009

    “A steamboat man always has two worries: One is, will I get all the freight I can handle this trip? The other is, will I get more freight than I can handle this trip?” – Attributed to a steamboat captain in 1929 Dear Capital & Crisis Reader, It was all warm feelings and celebration around the Washington area [...]

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  5. Invest in China's Geeks With Guts • January 16, 2009

    “I walk a lonely road, the only one that I have ever known.” – Green Day, “Boulevard of Broken Dreams” UPDATES: ABB Dear Capital & Crisis Reader, Trying to make any headway in this market is like trying to move around in a barrel of molasses. It’s a test of your patience. Meanwhile, there is a steady drumbeat of [...]

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  6. History's Geographical Pivot • January 9, 2009

    UPDATES: APL, GPOR Dear Capital & Crisis Reader, Ukraine and Russia are at it again. This time, it’s turned especially nasty, as Russia cut off natural gas supplies to a host of European countries. Tired of relying on Russia, the EU will again look for alternatives. Its eyes will wander to Turkmenistan. On a Monday back in October, while [...]

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  7. Investing's Iron Man • January 2, 2009

    Hank Greenberg [former CEO of AIG, when asked by Charlie Rose how much his AIG stock was worth]: $2.5 billion. Charlie Rose: And now? Hank Greenberg: (Pause.) It’s virtually worthless. About $100 million. Dear Capital & Crisis Reader, The Christmas tree is out on the curb, the ornaments carefully packed away for next year. We recover from the New [...]

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  8. America's "New" New Deal… And China's, Too • January 1, 2009

    Download PDF He won a decisive victory in the presidential elections and his party picked up a bunch of seats in Congress. The American economy is in the dumps and the mood is glum. The new president puts in motion sweeping new legislation and spending plans in an attempt to fix things… I’m talking about Franklin Delano [...]

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