Bill Tatro

Bill Tatro

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Making Book with Banks

By Bill Tatro (May 25, 2012)

When I visit my son in Lexington, Kentucky it is always a pleasure to spend a day at Keeneland Race Course.  Not only is it fun watching the horses run, but the whole... more

JP Morgan Lost

By Bill Tatro (May 24, 2012)

I recently read the headlines in the local newspaper about the J.P. Morgan debacle: “Few grasp J.P. Morgan’s strategies.”  I’ve also been listening intently to the... more

Follow the Guys Who Lend the Money

By Bill Tatro (May 22, 2012)

When my career in the financial industry first began I asked my grandfather, J.D., if he had any sage words of advice about the markets.  At that time, in the early... more

Protecting JP Morgan from Itself

By Bill Tatro (May 17, 2012)

President Obama recently appeared on The View in order to laud Jamie Dimon as the smartest banker on earth.  Masterfully, he also convinced the ladies that if the real... more

Credit Coincidence

By Bill Tatro (May 16, 2012)

Is it just pure coincidence the demise of the U.S. economic system started at the same time as the passage of the Gramm-Leach-Bliley Act of 1999 which effectively eliminated... more

Trading Places

By Bill Tatro (May 12, 2012)

Randolph and Mortimer, the Duke brothers, thought they had it all figured out.  They knew, or at least thought they knew, that the orange crop would be a failure and... more

Zero Interest Rates Mean Zero Interest In Middle Class

By Bill Tatro (May 09, 2012)

The financial markets have been a playground for a small select few.  Not because they’re smarter, more experienced, or even better at what they do but because a group... more

"Isms" on the Rise Again

By Bill Tatro (May 05, 2012)

“Nationalism in Europe is on the rise.”  It sounds like a headline from the 1930s, and it was.  After the First World War (1914-1918), Germany felt the... more

The Treasury as a Growth Investment

By Bill Tatro (May 03, 2012)

I’m continually reminded by my colleagues in the media, the financial world, and fellow economists that purchasing of any kind of government bond is insane.  One radio... more

Who has the Watch?

By Bill Tatro (May 01, 2012)

“Not on my watch.”  How many times does a politician campaign on what is the right and necessary thing to do?  We’ve heard it time and time again, once they’re... more

Apple (AAPL) is Different This Time

By Bill Tatro (Apr 27, 2012)

The furor over Apple stock brings to mind two statements that resonate through history in the investor’s graveyard. First, I have to have it!  Second, this time it’s... more

More Monetary Magic

By Bill Tatro (Apr 26, 2012)

After Nicolas Sarkozy is defeated, Christine Lagarde (IMF Managing Director) may be the most recognizable French person in the world.  Her background is exemplary and... more

Spring's Boys of Summer

By Bill Tatro (Apr 25, 2012)

The spring time will always bring back baseball’s “boys of summer.”  After a long winter layoff, last year’s errors, strikeouts, and failures are quickly forgotten as... more

Fantasy and Falsehood Masquerading as Success

By Bill Tatro (Apr 20, 2012)

So, let me understand this correctly.  All across America, from manufacturing to education and from white-collar careers to professional athletics, the trend is... more

Housing is a Lesson for Life

By Bill Tatro (Apr 18, 2012)

As a parent, I was very cognizant of teaching my children certain lessons of life.  Most especially was the concept of not making the same mistake over and over... more

Who is the Dumb Money Now?

By Bill Tatro (Apr 17, 2012)

As the financial markets came off their lows in 2009 and made a dramatic run higher, it was assumed the retail client would return with a vengeance.  Not right away... more

Survivor: Nation-State Edition

By Bill Tatro (Apr 14, 2012)

It’s a deserted island and the name of the game is “The Survivor.”  No, not the television show but something very similar. On the island was everything needed in... more

Help Wanted on Main Street Not Wall Street

By Bill Tatro (Apr 10, 2012)

The BLS (U.S. Bureau of Labor Statistics) recently announced the creation of 120,000 jobs for the month of March.  If you factor out the much maligned birth/death... more

Obama Still Has Thin Resume

By Bill Tatro (Apr 04, 2012)

It appears President Obama has opened a lead over Mitt Romney in a dozen of the top battleground states.  How did this happen?  How did the once vulnerable... more

Make that Champagne To Go

By Bill Tatro (Mar 30, 2012)

In order to remain a member of the eurozone, has Spain made a sufficient commitment toward fiscal responsibility?  That’s the $64,000, oops, I mean billion dollar... more

Housebreaking the Central Bankers

By Bill Tatro (Mar 29, 2012)

What do Ben Bernanke, Jon Corzine, Dominique Strauss-Kahn, and Hank Morganthaw all have in common?  You may respond they all have something to do with money. ... more

Ben's Batting .000

By Bill Tatro (Mar 27, 2012)

Its springtime and opening day of the 2012 Major League Baseball season is right around the corner.  Fans in every major league city in America have high hopes for a... more

It's not You; It's Me

By Bill Tatro (Mar 24, 2012)

When I first started public speaking some forty years ago, I was always amazed that some people in the audience understood what I was saying while others didn’t understand... more

If It Weren't for War, Bernanke Would Have No Argument

By Bill Tatro (Mar 22, 2012)

Oh, to be back as a freshman at George Washington University.  What I wouldn’t have given to be once again sitting in the economics classroom as Professor Ben Bernanke... more

An Investment is a Trade Gone Bad

By Bill Tatro (Mar 20, 2012)

Jesse Livermore, perhaps the greatest stock trader of all-time, once said an investment is simply a trade that had gone bad.  One of Livermore’s greatest attributes... more

Insane on Getting Rich Quickly

By Bill Tatro (Mar 17, 2012)

Stocks that are going straight up, $1.2 billion misplaced (MF Global), warships congregating in one spot, and the world, once again, is insane about getting rich quick. ... more

The Great Bust Ahead: Are We There Yet?

By Bill Tatro (Mar 14, 2012)

  Are we there yet? That question has lived in infamy for every generation that has seen parents taking children on a road trip.  It makes no difference if the... more

Bugs Bernanke: Eh…What’s Up, Doc?

By Bill Tatro (Mar 13, 2012)

“Eh…what’s up, Doc?” was perhaps one of the most famous cartoon lines in history.  In most instances while boldly munching his carrot, Bugs Bunny delivered those... more

Apple Misses Auctioneer Jobs

By Bill Tatro (Mar 09, 2012)

My auctioneer friend, Digby Sales (his stage name), was famous for saying “When they all want it, that’s a good thing.  When they all got it, that’s a bad thing and... more

Obama's Headwind Could be Your Tailwind

By Bill Tatro (Mar 07, 2012)

Not long after embarking on a very lengthy commercial flight this week, I heard the airline captain say it would take much longer than anticipated in order to reach our... more

He Called Me an Austrian

By Bill Tatro (Mar 03, 2012)

Sometimes, it’s very difficult for me to understand the concept of austerity as defined by our world leaders.  In my opinion, austerity seems to be very similar to the... more

Thanks for the Free Car, Barack

By Bill Tatro (Mar 02, 2012)

As Barack Obama wraps his re-election bid around a resurging automobile industry and hopeful Republican Presidential wannabes trudge in-and-out of Detroit, I thought it would... more

Warren's Worn Out Welcome

By Bill Tatro (Feb 28, 2012)

Legends usually go quietly into the sunset.  Just think about Johnny Carson giving his last performance after a brilliant career on the Tonight Show. For most... more

Obama's No Bob Hope

By Bill Tatro (Feb 25, 2012)

Please tell me I didn’t hear what I thought heard.  Please tell me the President of the United States didn’t say what I thought he said.  Correct me if I’m wrong,... more

Since When did Obama Care About the Rule of Law?

By Bill Tatro (Feb 24, 2012)

So, the ECB decides to exchange one type of Greek bond for another.  The exchange, in essence, puts the ECB on a different playing field from other bondholders. ... more

Do as Obama Says, Not as He Does

By Bill Tatro (Feb 18, 2012)

When my first child was born my wife convinced me, grudgingly I might add, to attend a few parenting classes for first timers.  Since my child came with no instruction... more

The Germany Occupation of the Drachma

By Bill Tatro (Feb 17, 2012)

Why has Germany fought so hard to keep Greece as a viable member of the European Union?  Once again, the answer is simple math.  Let’s set the stage with this... more

Back to the 1930s

By Bill Tatro (Feb 16, 2012)

I have been enamored with time travel for many years.  The first time I read The Time Machine by H.G. Wells, I was smitten.  Many authors and movie producers... more

Seasonally Adjusted Lies

By Bill Tatro (Feb 15, 2012)

It never ceases to amaze me how politicians believe that telling the truth is somehow a guarantor of a short career.  I remember quite distinctly when Presidential... more

Reality of Austerity TV

By Bill Tatro (Feb 14, 2012)

What do the following quotes all have in common?  “There’s a sucker born every minute” (P.T. Barnum), “Peace for our time” (Neville Chamberlain), and “If they want... more

Abundance of Debt

By Bill Tatro (Feb 10, 2012)

Corporations are stronger today than they’ve been in years, true or false?  Most of the pundits say the answer is true, with a slight caveat.  The pundits warn... more

The Welfare Badge of Honor

By Bill Tatro (Feb 08, 2012)

What if we buy into the most recent Bureau of Labor Statistics report?  It states that well over one million people dropped out of the labor force last month, thereby... more

It's Not a Job Loss if They Say You Retired

By Bill Tatro (Feb 04, 2012)

American Airlines apparently does not need to layoff 15,000 employees.  According to the Bureau of Labor Statistics, all 15,000 employees are retiring and dropping out... more

Florida has a Fresca with Smails

By Bill Tatro (Feb 02, 2012)

I completely understand why central Florida was awestruck by Mitt Romney.  It makes perfect sense to me.  However, it could be a bit of a drawback when we... more

Inflation or Delfation? But Wait...

By Bill Tatro (Jan 30, 2012)

The question continues: Will it be inflation or deflation?  Actually, the real question is: Will it be hyperinflation or deflation?  When such illustrious... more

More Bailouts After "No More Bailouts"

By Bill Tatro (Jan 29, 2012)

The President recently visited Arizona in order to take credit for Intel’s new plant.  Of course he couldn’t find time in his busy schedule to visit the border and... more

Obama's Ex Girlfriend

By Bill Tatro (Jan 24, 2012)

Let the games begin.  Gingrich’s ex-wife is paraded out for a tell-all about her marriage, creating doubts about Newt’s morality.  Rick... more

Cheats, Liars and Fraud

By Bill Tatro (Jan 22, 2012)

Some people might decide to use the typical warning about building your house on a foundation of sand.  I, however, choose to view our current situation as more of... more

Late Notice: Consumers Cancelled Christmas

By Bill Tatro (Jan 15, 2012)

Excuse me!  I thought the holiday season was the shining light that proved we had decoupled from the rest of the world.  The retailers opened for business not... more

Go Greece and Go Tebow!

By Bill Tatro (Jan 14, 2012)

Of course Greece must leave the European Union.  In fact, so should every other member country if it means returning to a country-by-country currency.  Imagine,... more

No Change in Treasury Markets

By Bill Tatro (Jan 12, 2012)

When my career in the financial industry first started, I asked my grandfather, a fifty-seven year veteran of Wall Street, why it was so difficult to acquire clients. ... more

Help! The Constitution is Protecting Me!

By Bill Tatro (Jan 11, 2012)

First, it’s the President of the United States.  Then, it’s the mayor of Newark, NJ, and I suspect next it will be the First Lady.  As America sleeps, yawns, or... more

In China, Confusion, not Confucius, Reigns

By Bill Tatro (Jan 10, 2012)

“Be careful what you wish for” is an old Chinese proverb which has never been truer than right now regarding the Chinese housing market. The Chinese people, according to... more

The Odd Decoupling

By Bill Tatro (Jan 08, 2012)

Decoupling is such a wonderful word.  When I hear it, I’m reminded of my younger days as I grew up while living near a train station.  I would look out my... more

Welcome Aboard the Titanic!

By Bill Tatro (Jan 07, 2012)

Do you remember the opening scene from James Cameron’s Titanic?  On the dock before the inaugural voyage of perhaps the most luxurious and spacious cruise ship in... more

A Little Bubbly for the Markets

By Bill Tatro (Jan 05, 2012)

Ringing in the New Year, many people celebrate with a glass, a bottle (or maybe even more), of champagne.  The effervescence gives a tingle to the nose and a kick to... more

The New Year Ravings of a Mad Man

By Bill Tatro (Jan 02, 2012)

Imagine yourself sitting in a movie theater.  The final twenty minutes of the movie are suddenly interrupted with an announcement “For all of you interested, there... more