Buffett on the Debt Ceiling
Warren has some pretty harsh words for Congress over the impending debt ceiling issue. He also offers a plan to fix the deficit in five minutes. :)
ConocoPhillips Analysis
The Dividend Pig is back from a posting break, and offers a significant ConocoPhillips analysis.
Realty Income Stock Analysis
DGI analyzed Realty Income, the monthly dividend company.
Philip Morris Analysis
Dividend Mantra analyzed the international tobacco company, Philip Morris.
How to Build a Dividend Retirement Portfolio
How to Build a Sustainable Dividend Portfolio
Portfolio construction is a popular topic this week, with articles on Dividend Guy blog and Intelligent Speculator.
Sustainable Personal Finance
Get finance tips and green tips from Sustainable Personal Finance. Great resource.
Defensiven Portfolio
Check out the dividend portfolio of fellow blogger, Defensiven.
Nike Stock Analysis
Sigma Swan analyzed Nike.
Purpose of Company Financial Statements
A post on the various financial statements is something I’ve been meaning to present for a while, but haven’t gotten around to it. Looks like Arbor Investment is building a set of articles for new investors, including a preliminary overview of the three main financial statements to look into when doing investment research.
Many thanks for the link, have a great weekend!
I love Buffett’s solution to the deficit. How do we get this done?
Thanks a bunch for the link DM! Always a plesant surprise to know you still read our site!
Thanks for the mention! Enjoy your weekend.
Thank you for the mention. Have a nice week!
Buffett’s solution for the deficit is so obvious that its comical that we don’t use it. In all seriousness, if we held our representatives responsible like that, what would be the negative?
Some would argue that such a rule is a problem in economic downturns. In 2008 taxes were probably down alot and at the same time public spending increased because of increased unemployment. It would certainly be hard to stimulate the economy “back to normal” under such a rule (which is desirable if ure a keynesian).
But something needs to be done thats for sure.. The longer this continues the harder the needed adjustment will be.
The problem as I see it is that many politicans are shortsighted. They do act rational because they get increased votes by increasing debt (and putting the cost on future generations).
In Sweden we learned of our financial crise in the early 1990s and created rules of maximum deficit and maximum debt.
Hi Defensiven,
I agree that Buffett’s rule would be a problem in downturns. I think his response was sort of a half-joke-but-containing-some-truth sort of reply. With the debt and deficit at such high levels, declaring that it can’t go above such a tiny percentage of GDP would make it impossible for anyone to get re-elected for years. Such a rule would have to be put in with phases, and there would have to be some flexibility to allow drastic action in cases of economic catastrophe, but that are bound in scope.
There’s a useful concept there, and it’s not a brand new idea. Putting certain hard limits that result in legal inability to re-run for office may be a good idea, as long as those hard limits are reasonable.