Don't buy BRK.A, it is too expensive right now. :)

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NEW YORK (Reuters) - Berkshire Hathaway Inc , the conglomerate built by billionaire investor Warren Buffett, could be overvalued, Barron's reported on Sunday.

Barron's estimates that Berkshire is worth about $130,000 a share, about 10 percent below the current level.

Berkshire stock closed on Friday at $143,000, up 38 percent from its 12-month low of $103,800 hit on February 27.

Buffett's Berkshire Hathaway overvalued: Barron's: Reuters Business News - MSN Money

WASHINGTON (Reuters) - The U.S. economy is showing early signs of stagflation as growth threatens to stall while food and energy prices soar, former U.S. Federal Reserve Chairman Alan Greenspan said on Sunday.

In an interview on ABC's "This Week with George Stephanopoulos," Greenspan said low inflation was a major contributor to economic growth and prices must be held in check.

"We are beginning to get not stagflation, but the early symptoms of it," Greenspan said.

Greenspan sees early signs of U.S. stagflation: Reuters Business News - MSN Money

Damn it, I have people skills!!!! :)

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Interpersonal skills are more important in the workplace than IT skills, according to the results of a survey commissioned by Microsoft.

In the survey of approximately 500 board-level executives, 61 percent said interpersonal and teamworking skills were more important than IT skills.

Survey: People skills valued over those for IT

Schultz says "the second biggest danger is owning U.S. dollars in any form, (it) has crashed and going much lower ... use dollar rallies to exit dollars or sell short ... This is not a time to seek profits, but to protect what U have ... Portfolio diversification is essential in troubled times."
Schultz's favored currencies: "In order of preference: Swiss Franc, Australian dollar, Euro, Canadian dollar."

Schultz is a trader and his specific market advice is nuanced. He writes: "Direction of global stock markets uncertain. Balance stock holdings between long and shorts to counterbalance draw-down risks, and/or hedge exposure via puts, futures, or bear funds ... Exposure to gold shares and bullion should be a minimum of 35-45% of your total portfolio, with at least 10% in physical gold bullion and coins, and/or very rare coins ... "

On gold, he writes: "The public is still not in the gold market. They will be in 2008 as the derivatives and credit crises bring down more financial institutions (amid recession) and eyes will be opened, via pain. While Rome burns, gold will smash through its old unadjusted-for-inflation $850 high on the way to $1,600, & who knows how far beyond ..."

Commentary: Veteran editor declares 'A financial tsunami is upon us'

Interesting thoughts on the Fed.

G Edward Griffin - Creature From Jekyll Island A Second Look at the Federal Reserve

Enjoy!

Money Bomb Day - Dec 16th

Wouldn't that be a hell of a drive!

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Koenigsegg claims that customer demand has led them to produce a limited edition version of its CCX and CCXR supercars. They'll be called - get this - the Koenigsegg Edition CCX and CCXR. Pretty creative, huh? Regardless, we all know Koeni cars have the goods to defend their funny names with peerless performance. What makes these Edition models truly special is, of course, more power thanks to a bump in displacement for Koenigsegg's V8 from 4.7L to 5.0L. When fitted with its pair of superchargers, the Edition CCX produces 888 horsepower (up from 806 HP) and the CCXR that can also run on E85 ethanol produces the same 1,018 horsepower as the standard model. Both the Edition CCX and CCXR actually have similar performance figures according to Koenigsegg, each running to 60 mph in 2.9 seconds. Keep the pedal to the floor, however, and the CCXR with its higher octane fuel will begin to pull away from the CCX, eventually topping out at 250+ mph.

Koenigsegg unveils limited Edition CCX and CCXR models

We've all heard the horror stories of life in middle management. In Japan, the ill appears to be especially acute. So many Japanese workers die from simply being overworked that there's a name for it: karoshi. Wikipedia says, "The major medical causes of karōshi deaths are heart attack and stroke due to stress." From March 2006 to March 2007, 303 people were claimed to have died of it with 147 of those cases acknowledged as accurate by the government.

Thirty-year-old Kenichi Uchino worked 60 hours a week for five months for Toyota in Japan, and then worked 70 hours a week for a month -- and then he died.

Japanese court rules Toyota employee died from too much work

Interesting read...

Maria Bartiromo Interviews Ron Paul

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