Monthly Archive:: October 2010
next week….
Bonds, Commodities, Currencies, Equities, Fed
Oct 31, 2010
Getting really bad feelings for the next week or so: QE believed to be inflationary money printing but doesn’t actually do anything Gridlock presumed good but is actually bad as it could mean taxes rise at year end Republican fiscal conservatives deemed ‘good’ but in fact bad with their spending cuts and
...Read More
Contest Ending Midnight on Sunday!
Contest
Oct 30, 2010
Warren has announced new prizes! First and Second Place: An all inclusive (hotel, food, airfare) to St. Croix, USVI Third – Tenth Place: Hotel room on the beach AND some meals included Not only do you get to spend time with Warren on a beautiful Caribbean island, you get to escape
...Read More
claims
Employment
Oct 28, 2010
Karim writes: Initial claims fell 21k to a 3mth low of 434k, but the Labor Dept attributed this to a missed seasonal adjustment factor due to the Columbus Day holiday Unadjusted claims rose by 3%, or 11k; the seasonal adjustment factor was looking for a 7.8% rise. Thus, the seasonally adjusted number
...Read More
Living with a deficit terrorist majority
Government Spending
Oct 28, 2010
> > (email exchange) > > On Wed, Oct 27, 2010 at 8:11 PM, wrote > > This kind of talk is not bullish. > > If they try to do things too quickly all bets are off. > Right. That’s what I see as our biggest risk, though 100 billion isn’t all that much, and
...Read More
Yen chart
Japan
Oct 26, 2010
And a chart this bad has to have all the trend followers max short as well? No one in their right mind would go short into this! (Apart from the MOF
...Read More
Japan looking to weaken yen with fiscal stimulus!!!???
Japan
Oct 26, 2010
The only place with ‘stimulus’ proposals??? And, they recognize that ‘stimulus’ fights the weak yen??? Maybe been reading my blog??? This could be a game changer for Japan? Stimulus the new ‘currency war’ weapon of choice? Cabinet OKs Extra Budget To Cover Y5tln Stimulus TOKYO (Kyodo)–The Cabinet approved Tuesday a draft supplementary
...Read More
Japan- Govt Seeking Y340bn For Extra Budget
Japan
Oct 25, 2010
The only nation going in this direction? Probably too early to short the yen, but keep an eye on it… Govt Seeking Y340bn For Extra Budget TOKYO (Nikkei)–The government is looking to secure 336.9 billion yen in a supplementary budget for fiscal 2010 to implement its new growth strategy, The Nikkei learned
...Read More
Pound Set for Pain as Cuts Push King to Print Money
UK
Oct 25, 2010
The UK is tightening fiscal policy while the CB is enacting QE. The market thinks that this will substantially weaken the pound, is that the correct logic no. but drives short term portfolio shifting and specs or is QE not real money printing and the tight fiscal is the real force to
...Read More
Old Greenspan Quote
Fed
Oct 22, 2010
The following is from an interview with Chairman Greenspan: RYAN: “Do you believe that personal retirement accounts can help us achieve solvency for the system and make those future retiree benefits more secure?” GREENSPAN: “Well, I wouldn’t say that the pay-as-you-go benefits are insecure, in the sense that there’s nothing to prevent
...Read More
Fed Financial Obligations Ratio
Fed
Oct 22, 2010
This includes home owners and renters, and includes rent as a financial obligation. And it’s gone down further since the June data point as the Federal budget deficit remains at around 9% of gdp. The general drift higher over time is probably due fewer ‘no debt’ people rather than people with debt
...Read More