Archive - Nov 2010 - Blog entry

Marginal macro news, the upcoming G20 meetings, rising commodity margins, and enough uncertainty to make even Heisenberg jealous had the market once again bobbing up and down like Shyla Stylez trying to make her rent.

The central banking PhD rash that just keeps coming back...Ladies and Gentleman....Maestro!!!!!!!

Did CPPIB just overtake the Caisse as Canada's largest pension fund?

Things are lining up for a hard landing in a few years.

Countries used to destroy their neighbors by sending in invading armies of screaming warriors swinging great long swords. Today, you simply buy their currency. Foreign banks are using their balance sheets to speculate in the currency markets and boost profits. Adding fuel to the fire has been efforts by the People’s Bank of China to diversify out of the dollar as a reserve asset by pouring new cash flows into the yen. This explains why the central bank’s intervention efforts to slow the yen’s appreciation have been an abject failure. How this kabuki play will end. (FXY), (YCS).

We may be forced to start taking real fundamentals into consideration, battling the Fed and QE. Shadow inventory will push heavily in the favor of fundamentals - or to put it more plainly, beware the return of reality!

But not yet as bad as the great 1349 crash in Florence.

The third annual ranking of the chief executive/applied finance group wealth creators—and destroyers—sees new contenders surface and several that sustained performance through tough times.
Now in its third year, the wealth creation index developed by Chief Executive, Applied Finance Group and Great Numbers! attempts to identify those business leaders who have performed best in creating true economic value—as opposed to mere accounting value—as measured by GAAP metrics.

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.

This is an article I did for a local newspaper for which I write a regular column on economics. It was meant for a general audience. Size limitations required the article to be very concise, thus a "deep" philosophical treatise on theory, epistemology, and intellectual trends was not possible. But I think it came out well. What do you think?

LA TIMES--[T]he curiosity over what exactly was spotted some 35 miles off the coast was met Tuesday only by a puzzling lack of answers from federal officials.

While QE2 stirs up passions, the truth is nobody really knows how this is going to end. It might turn out to be a disaster, or it might turn out to be a stroke of genius...

It was another lackluster day in the market as investors are still trying to regain their bearings from last week's quadruple news high of elections, QE2, the jobs report, and Kat Dennings nude photos being released. With all of the excitement...

Ouch ...

In these crazy times, all one could ask for is sanity. Yes, sanity – a clear mind, free of noise, with which to face the insanity that the volatile, noisy stock market thrusts upon us. We find ourselves glued to our computer screens or CNBC, waiting to find out what the Dow’s next tick is going to be. What do we get out of it? Only a headache and wasted time.

Here is my advice: read.