Archive - Nov 18, 2010 - Blog entry

New York City may reduce the assumed return on its $100.5 billion of pension investments from the current 8%, Comptroller John Liu said. Welcome to the new normal...

The market absolutely flew today as if it were late to the only showing of Natalie Portman's first lesbian scene thanks to a European country needing to be rescued from the brink of bankruptcy, retail investors being able to buy stock again in...

My thoughts on Ben's words

It’s now two years later, Bloomberg has won at both the U.S. District Court and the Second Circuit Appeals Court and the information is still being withheld.

Progressives are disappointed that Obama is no FDR.

But FDR himself wasn't who we think of as FDR until he was forced by protests, strikes and other forms of civil disobedience. We've let Obama play footsie with the big banks without making those in power uncomfortable in any meaningful sense ...

Connecting yield curve dots.

“Uncertainty” is emigrating from the US to Europe, sending the dollar off to the races and the Euro in for rehab. Lindsay Lohan, eat your heart out. A reemergence of the “PIIGS” disease, concerns about the deteriorating quality of the lesser sovereign credits in Europe, is now unfolding as the triggering event.

QE explained in such a brilliantly simplistic manner that even asleep-at-the-wheel Americans whose lives revolve around the NFL team they call god can understand what it is.

In a flat forty-one with my strat on the door--
We was goin' to the country for what we came for.--
I'm sure you've smelled the trees in the air. --
The best of motor cruisin's just the joy to get there.--ZZ Top

Retail traders are notoriously wrong at picking market direction/tops and bottoms. Most retail traders very naturally seem to adopt a counter-trend stance and this offers very accurate signals for individuals looking to trade against this group. This daily report is designed to help traders focus their efforts on higher probability pairs.

But the real story is that this financial crisis in Europe could potentially cause the break up of the euro and of the European Union.

A Canadian policy think tank believes increasing retirement eligibility by two years may fix an impending demographic crunch.