Author

Frederick Sheehan 81 posts 0 comments

Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession. He is the co-author of Greenspan's Bubbles: The Age of Ignorance at the Federal Reserve. Mr. Sheehan was Director of Asset Allocation Services at John Hancock Financial Services in Boston. For more than a decade, Mr. Sheehan wrote the monthly "Market Outlook" and quarterly "Market Review" for clients. He is a frequent contributor to Marc Faber's "Gloom, Boom & Doom Report." He also has written articles for "Whiskey & Gunpowder" and the Prudent Bear website, among others. He currently serves as an advisor to an investment firm and a non-profit foundation. A Chartered Financial Analyst, Mr. Sheehan is a graduate of Columbia Business School.

Markets

Harrisburg Fails to Get the Word

Frederick Sheehan Oct 18, 2011

Municipal bondholders have something else to worry about. If Occupy Wall Street has legs, and, if labor unions handcuff the protestors' agenda ("Major Unions Join Occupy Wall Street Protest" - New York Times, October 5, 2011), will that…

Economy

The Golden Constant

Frederick Sheehan Oct 7, 2011

The following is a brief outline of "Gold and the 'Flations," published in the April 2005 Gloom, Boom & Doom Report. General talk has it that gold is a hedge against inflation. We might take this a step further and conclude that a…

Markets

It’s Over

Frederick Sheehan Aug 14, 2011

The classification of assets according to such dreary concoctions as "mid-cap growth," comparative asset benchmarks is now over.

Economy

Ben Bernanke and J.P. Morgan on Gold

Frederick Sheehan Aug 2, 2011

On July 13, 2011 Chairman Bernanke explained: "The reason people hold gold is protection against tail risk, really, really, bad outcomes. To the extent that the last few years have made people more worried about the potential of a major…

Political Economy

Central Falls Leads the Municipal Field

Frederick Sheehan Jul 18, 2011

Central Falls, Rhode Island faces a plight that should be studied for its application elsewhere. It is nearly out of money. This is common news today, whether in Greece or California. The various parties are assumed to possess a means to…

Economy

The Euro and You

Frederick Sheehan Jul 11, 2011

As Michael Lewitt says, "the interconnected nature of global financial markets render Europe's problems the world's problems. There is no longer any periphery."

Political Economy

What They Are Saying Now

Frederick Sheehan Jun 17, 2011

It was not difficult for an observer to understand Armageddon beckoned by 2006, as long as the observer listened to practitioners rather than theorists. The same is true today. Following are two groups of practitioner opinions: those from…

Economy

Playing Old Maid

Frederick Sheehan Jun 4, 2011

The BLS invented 206,000 jobs. The Bureau has constructed an equation called the "Net Birth/Death Model." Its purpose is to count "Business births." That is, new jobs in new businesses net the number of lost jobs in "Business deaths":…

Economy

Who’s Fool?

Frederick Sheehan May 31, 2011

Legislation to modify debit-card interchange fees cannot compete with celebrity gossip. It is not surprising that lobbying efforts have changed the minds of 19 senators who formerly aligned themselves with consumers and small banks (to…

Economy

In an Undercollateralized World

Frederick Sheehan May 16, 2011

Frederick Sheehan argues that we are overleveraged, undercollateralized, and accentuating these unsustainable imbalances through economic policy to smooth out volatility.