The Blog of Burgher Jon

Had to share this though:

This CNN Piece covers the remarkable story of Porsche’s thriving business in this economic turmoil. I know it’s not at all Pittsburgh related, but I thought some of you that read my blog for some of the economic discussion might find it interesting.

I missed the whole, bottom falling out of the metals market prediction. Though I think a recovery will be in order before too long. In fact I’m inches from buying more US Steel.

The good news is, I did foresee the falling of the market as a whole and we had a VERY small portfolio so all this bad news hasn’t hit us too hard. Tomorrow we may have to buy some of our positions back. I’ll keep you posted.

By the way, I’m looking in to other stocks we might purchase since I’m kind of bored with the same 6 stocks.

Investing Pittsburgh is a regular part of this blog. It details the ins and outs of a mock portfolio of Pittsburgh Stocks invested and managed by me. For a list of all of the previous “Investing Pittsburgh” posts, click here.

Well there’s some interesting stuff going on in the Burgh:

• Patrick Dowd may run for mayor. I bet there are a bunch of people wishing they had more firmly backed Barack Obama right now. A little endorsement or even the right to say “I was for change nationally, and I’m for change locally” would go a long way right now.
• Mayor Ravenstahl and Dan Onorato Embrace Limits on Campaign Financing. I was as shocked as you guys, they both have more then a little lead in HUGE campaign donations. I am anxious to see what Bram and others who follow these things closer have to say about this. It sounds like a good law to me, limiting campaign contributions to roughly federal levels and prohibiting encumbants from using funds leftover from before the law. The individual limits seem high at $4,600, but it’s still a great step I think.
• Fiscal Responsibility in Mt. Lebanon. AWESOME. I thought for sure they were going to end up with a school they didn’t need at a price the community could not afford. FYI, my mother is a Mt. Lebanon tax payer and home owner.
• Onorato to Host Cyber Town Hall. Got to give the guy props for trying to bring the oldest county outside of Florida in to the 21st century. Though things like this are kind of unfair, since it uses county resources and doesn’t offer a rebuttal.