2 June 2011 AdvisorShares and Cambria Investment Management ring the NYSE Opening Bell
On Thursday, June 2, executives and guests of the AdvisorShares Cambria Global Tactical (NYSE: GTAA) and AdvisorShares will visit the New York Stock Exchange to ring the Opening Bell.SM With 0 million under management, GTAA has been one of the most successful actively managed Exchange Traded Funds (ETFs) since its launch in October 2010. GTAA's quantitative strategy is based on a White Paper, "A Quantitative Approach to Tactical Asset Allocation," that describes a model for delivering equity-like returns with low bond-market type volatility. According to ETF DataBase, a guide to ETF investing, GTAA is the largest of the ten diversified portfolio ETFs in its category, which includes both active and index ETFs. About AdvisorShares Cambria Global Tactical ETF (NYSE: GTAA): GTAA invests in underlying ETFs spanning all the major world asset classes including equities, bonds, real estate, commodities, and currencies. The Fund uses a quantitative approach with strict risk management controls to actively manage the Fund's portfolio in an attempt to control downside losses and protect capital. The wide diversification coupled with prudent portfolio management may allow for the Fund to perform in any economic environment. Additional information about GTAA can be found atgtaa.advisorshares.com. About Cambria Investment Management Cambria Investment Management (CIMI) seeks to preserve and grow capital by producing above-average absolute returns with reduced volatility and …
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On CNBC's Squawk Box today, Rep. Carolyn B. Maloney (D., NY) echoed President Obama's call for more stimulus-style "investments." House Budget Committee Chairman Paul Ryan responded, "When a politician in Washington says 'investment,' that means more government spending. That is a problem." Ryan continued: "Investment in our world is entrepreneurs, small businesses, and risk-takers investing their own capital… Let's let the private economy grow so that we can give them the kinds of incentives to do that: Low, stable tax rates, sound money, and not all of this new spending in Washington, where 40 cents of every dollar is borrowed money."
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Everyone in Washington knows that Paul Ryan has been told he has a million dollar a year lobbying job for the health industry if he gets his health care law passed.
Here's how it works-he lies through his teeth to get it passed-the healthcare insurance industry makes billions more from vouchers while still denying it's customers health care.
Meanwhile this nigger gets a cushy one million dollar a year job as a lobbyist. Way to sell out your own people Ryan!
The ONLY way to bring jobs back to America is to lower the minimum wage to $2/hr.
This is the only way we can compete with China. Paul Ryan and my fellow republicans need to act on this now. Employers also should not have to carry the burdern of paying for health care either. Go get em Paul!
Maloney makes a create puppet… she is tugged by the strings so wonderfully…
and if u pause the video at 32 seconds, like i did to post, you'll catch paul and the broad dope nodding. Lmmfao
the republicans is some sum smug motha fuckas. i cant believe they keep attackin obama about borrowin when the tax cuts they endorsed are the reason we have to borrow money. bush granted tax cuts to the rich with payin for them, and doubled defense spending, thats why we have to borrow money. or did paul ryan faggot ass forget that these problems all started under the bush administration
Sounds like most people here are stuck in the blame game, including Rep. Maloney.
That game can be played forever, the point was to the discuss the future, remember "hope"?
Rep. Maloney should be an actress, rather than play leadership, she memorizes and repeats the lines written for here very well.
@jofisher
I thought she was blind at first.
@UBSCARED i think the point paul ryan is trying to make is that all this new "investment" is with money the US doesn't have. How can you spend (i.e."invest") when you're trillions in debt and borrowing money from a communist nation?
Govt spending equals investment in *every* economics department of *every* University in the world. Govt spending consists of consumption, investment and transfer payments. The problem is that investment is treated as an expense in public accounting. That is what is unique in Washington. Ryan is a moron.
Private sector investment is not going to get the economy to full employment. There is a huge inventory of commercial and residential real estate. It will take several years for that to clear. That leaves investment in equipment and software which grew 15% last year but we still have 9% unemployment. Pursing policies to increase investment are fine but don't expect that to be the sole solution as Ryan seems to believe.
"Defense spending is an investment in winning and ending the cold war." – Ronald Reagan
@cmunkine The numbers speak for themselves. I suggest you have a look at them rather than support policies that are going to lead to another melt down and bail out. Regulations didn't increase, they decreased and they lead to a meltdown just as they did in the 80s with the S&L crisis. There is also a commercial real estate bubble. You going to claim banks were forced to sell shopping malls and office buildings to poor people? You lack common sense and you're financially illiterate.
@cmunkine There were 10 people on the FCIC board. 9 of them disagreed with Wallison's assessment Read bank regulator Bill Black's analysis of Wallison's conclusions."Wallison Reinvents History – and His Own Positions on the Causes of the Crisis." Google that article. CRE enforcement declined substantially after 2001. Regulations did not cause the meltdown. The meltdown was caused by lax regulation and deregulation.
Read the Community Reinvestment Act, observe the steroids the Clinton Admin injected into the policies, then read "Dissent from the Majority Report of the Financial Crisis Inquiry Commission" by Peter Wallison. There is no denying that the fed govt forced toxic assets into the market. You apparently bought into the Statists/Frank-Dodd PR that cornered the market in blame shifting. It is the regulations that caused the melt down. When government screws us, more government is not the answer.
Congresman Paul Ryan was exposed today during Bernanke's testimony. He showed that he doesn't understand what it means to monetize the debt. He showed that he doesn't understand the difference between inflation and the cost of living. This is the clown who is going to "point the economy in the right direction."
@Crystallas You can't figure out how to invest in education privately? Here is how you do it. You enroll in a private college and you pay your tuition. It's that simple.
@cmunkine Nobody said the meltdown was caused by the war. Fannie and Freddie don't force toxic assets on anyone. They were forced to buy risky mortgages to compete with Wall Street. Read the FCIC report that came out last week. Govt didn't screw the economy. Govt rescued the economy. Ryan voted for the TARP bailout. You've apparently bought into Wall Street PR which tries to shift the blame elsewhere to avoid the regulations that will prevent another melt down.
@cmunkine I agree…also personal irresponsibilty of people buying a house they cannot afford did it too…Instant Gratification is a cancer
"The best way to grow the economy is to invest in education, innovation, infrastructure." So if this is the best way to grow the economy, where can I invest in these things privately without the government? I sure as heck can't do it through the government if my personal finances are hurting. Its simple math. If income is limited, so are the taxes, therefore none of us are growing the economy in the views of Rep. Carolyn B. Maloney.
The meltdown had nothing to do with the war and everything to do with HUD/Fannie/Freddie forcing toxic assets down the throat of the market. When government screws the economy, the solution isn't more government. Obama's deficit spending failed and we are worse off for it.
@cmunkine He created the largest deficits because the inherited the worst recession since 1929. The recession reduced tax revenue from 18.5% of GDP to 14.5% of GDP. Unemployment benefits, food stamps and medicaid increased toital spending from 20.5% of GDP to 24.7% of GDP. Programs passed by Obama only count for 15% of the deficit. The rest is due to programs already in place (wars) and the recession which was caused by the policies Ryan continues to endorse.
Excuse me—Obama inherited the deficits he created as a back-bencher Senator. And if deficits are so bad for a President to have on his plate, why did he create the largest deficit in US history when his first term wasn't even half-way over? Seriously, you need better talking points. We aren't 5th graders here.
@joeythelemur2 BTW, Ryan made the medicare problem worse by voting for Medicare Part D and not raising taxes or cutting other spending to pay for it. It was a totally unfunded increase in entitlement spending.
@joeythelemur2 The current rates are not the rates we have had for 7-9 years. For 7-9 years the 2011 tax rates were the rates under Clinton. The tax cut in 2010 changed the 2011 rates from the Clinton rates to the Bush rates. In addition, it lowered the FICA tax and a few other things for a total of 900 billion added to the deficit over two years. Cutting taxes without reducing spending increases the deficit. Ryan voted for the tax cut and voted to add 900 billion to the deficit.
@joeythelemur2 Too tough to read the social security trustee's report? Social security isn't a problem now and it wont' be in the future. Social security spending increases by 2038 to the same extent defense spending increased under Bush. From 4% of GDP to 6% of GDP. You've been tricked into believing it's "bankrupt" so people like Ryan can retroactively turn your FICA tax into an income tax. Health care costs are the problem but his solution is to turn it into a voucher program. Won't work.