Illegal Immigration Down

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The Wall Street Journal had an interesting article today about illegal immigration slowing.  The numbers are presented below.  The article highlights that the illegal population is estimated at 11 million today, which is 8% lower than it was in 2007. … Continued

VIX Breaks October Low

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Even though the S&P hasn’t quite yet surpassed its October highs, expectations for volatility have come in quite a bit.  The VIX broke through its October low this morning, which is a positive sign for bulls.

November 2011 Retail Sales

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Retail sales for November were reported this morning slightly worse than expectations up 0.2% m/m.  The margin for error on the survey is +/- 0.5% so there is a probability that retail sales were actually lower in November.  Monthly highlights … Continued

Ross Perot on Investing

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There are a lot of good lessons that can be pulled from the recently released Steve Jobs biography written by Walter Isaacson.  Among my favorite lessons is actually a quote from Ross Perot, who made an investment in Jobs’ first … Continued

US Population Growth Rate

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Even though it is the most important driver of GDP growth, population changes don’t get much love from financial analysts.  Below is a chart of the growth rate of the US population (y/y) for the last 60 years.  Population growth has … Continued

December 2011 Investment Letter

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Below is a letter that is written monthly for the benefit of Avondale Asset Management’s clients.  It is reproduced here for informational purposes for the readers of this blog.Dear Investors, If this letter had been written on November 25th, there … Continued

BAC Tangible Common Equity

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A good chart from BAC’s presentation this morning showing the difference in tangible common equity between 3Q08 and 3Q11.  Shows that US banks are highly capitalized if BAC is considered the worst capitalized of any.

Sector Performance YTD

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Less than a month left in 2011, thought it would be a good time to check in on which sectors have performed the best so far.  The list below is sorted by YTD performance. Click to Enlarge As we look … Continued

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