Archive - Oct 2010 - Blog entry

Great idea ... Not!

Will a ton of anonymous corporate donations be enough to turn back an overwhelming demographic tide pushing the country to the left? We find out tomorrow.

All in favor, say "Aye"

At 8PM EST tonight the EUR/USD cross sold off 80pips in seconds only to rebound 60pips. Is this another mini flash crash causing ripples through the fx markets with HFT's going haywire? DXY spiked to 77.30. At what point are market regulators going to realize this gambling house is broken and there is no longer any creditability in capital markets?

An assortment of images from the set of Young Blankenfein brought to you by the Banzai7 Film Institute...to the music of The Edgar Winter Group.

The country’s largest ever IPO is a blowout success. Tapping into the Chinese steel industry’s insatiable demand for metallurgical coal. Global investors starved for new, unexploited emerging market plays are pouring in. Mongolia is poised to become the fifth leading gold producer. What are the world’s biggest unexploited coal reserves and the richest untapped copper deposit worth in this superheated market? Are these the early stages of a bubble?

Come listen to PSP Investments' Annual Public Meeting 2010...

The Commitment of Traders Report is created by the CFTC – The Commodity Futures Trading Commission and is published weekly every Friday. This body gathers and publishes the open futures positions on all publicly traded US futures contracts as well as the corresponding options. The data consists of 3 main categories.

Deal with it ...

Watch a couple hours of the political central planners, and you quickly conclude: (1) They are not geniuses, (2) They fundamentally do not understand the problem, and (3) We are DOOMED.

My take on the election and what it might mean.

The fact that robots are POMO juicing AAPL's shares and Google also has grand designs on the mobile/smart phone space, shouldn't detract from one simple fact, Apple designs and manufactures great products many of which happen to be game changers.

The Irish National Pensions Reserve Fund (NPRF) was up 1.9% in Q3, but has suffered a loss of €400m on the investments it was forced to make in Bank of Ireland and AIB.

Democrats--"sadly enough"--would get a shot at still retaining the majority, which would mean the monetary and fiscal policy will most likely stay on its current course. Meanwhile, the 0.25% interest rate hike effective Oct. 20 by the PBoC is "meaningless," because of skyrocketing property prices, and the cost of living inflation has gone up much more than the official figure.

And since I was with the Fed,--I could take off my head--To recite Keynesian quotations--No banksta nor PhD could babble like I could...