Archive - Feb 2010 - Blog entry

If you respect Austrian economics, you might find this interesting ...

Taubman's Q4 results were as to be expected, despite the rather upbeat spin that was attached to the announcement. This is essentially a barometer for the CRE industry...

Brazil's BOVESPA and the Merc entered into a Memorandum of Understanding as Global Preferred Strategic Partners to jointly develop a new multi-asset class electronic trading platform, with capacity to process transactions in less than one millisecond for equities, derivatives, fixed income securities and other exchange-traded or OTC-traded assets. Based on technology derived from the CME Globex® trading system, this new platform will house all BVMF segments under the same infrastructure. [1] Cliffs Notes highlight of the press release in toto ~ [2] Daily & Weekly CME charts

Ready to invest in a country whose leaders have stolen $400 billion in the last decade and have seen 300 foreign workers kidnapped? Another country lost four wars in the last 40 years. Still interested? How about a country that suffers one of the world’s highest AIDs rates, endures regular insurrections where all of the westerners get massacred, and racked up 5 million dead in a continuous civil war? Then Africa is the place for you! (AFK), (GAF)

The fates of many European countries are now inextricably tied by what appears to be a poorly conceived methodology of handling diverse political and economic entities under a single currency without a truly authoritarian governing body. Basically, it's the old American saying, "Too many Chiefs and not enough Indians". When I first started this series, a few pundits accused me of being sensationalist. It's funny how a few days can bring so many to your side of the table. Now it is becoming much clearer that this is more of a pan-European issue than a pan-Hellenic one.

The final part (III) of Econophile's analysis of the economy in 2010. Today, "The Consequences" -- deleveraging, inflation/deflation, recovery, and what to expect in 2010.

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I did three segment interviews
with TechTicker on Yahoo Finance: 

href="http://finance.yahoo.com/tech-ticker/vitaliy-katsenelson-reveals-%22the-...">Segment
1 – The Case for Pfizer and
Vodafone

href="http://finance.yahoo.com/tech-ticker/china-won%27t-crash-but-it%27s-time...">Segment
2 – China (My China
comments need slight clarification.  The Chinese slowdown will
have a significant impact on the Chinese economy and commodity-centered
economies, e.g., Russia; but I don’t believe it will tank the
world economy.)

href="http://finance.yahoo.com/tech-ticker/get-used-to-dow-10000-value-maven-p...">Segment
3 – href="http://finance.yahoo.com/tech-ticker/get-used-to-dow-10000-value-maven-p...">Get
Used to Dow 10,000

Bush, Cheney, Paulson, Geithner and others who ordered that these debts be incurred must be held personally liable for them. We the American people are not responsible to creditors - such as China, Saudi Arabia - who have knowingly financed these illegal and oppressive activities which have not benefited the American people, but solely the handful of corrupt politicians who authorized them ...

Come, let me walk you through the Canada Pension Plan Investment Board's latest quarterly results and show you why they caught the tail end of the monster beta wave. I warn you, I'm in a feisty mood, and don't mince my words...

Perhaps if the Bank of England, the US Treasury and the US Federal Reserve had not been surreptitiously suppressing the price of gold futures through their puppet bullion banks on Wall Street for decades, I would agree with George Soros that gold was the ultimate asset bubble. Had this been the case, gold’s price would be multiples of its current price given the low interest rate environment that exists worldwide. But since this is not the case, there currently is no greater asset bubble than the US dollar and US Treasury bonds.

While the topic du jour remains: "Just How Ugly Is The Sovereign Default Truth? How Self Delusions Prevent Recognition Of Reality" ... thought we'd mix it up a bit and take a daily & weekly look (8 charts) at everyone's favorite dead PIGS walking ~ Portugal, Italy, Greece & Spain

For good reason the G-7 held their meeting last week in one of the remotest places on the planet. No protesters, no hordes of nasty press, just good fun doing useless things with their fellow co-conspirators.

South Korea (EWY) is the “K” that should be in “BRICK.” The country where the classic “V” shaped recovery is real. The international nuclear industry was blown away by Korea Electric Power’s $20.4 billion UAE deal. Speaking volumes about the direction of the global economy. South Korea takes a quantum leap ahead in the race for competitiveness, while the US falls further to the back in the dust. One small problem: the megalomaniac who lives next door with the starving million man army. Time for a visit to the Hermit Kingdom. (EWY)

Part II of three on Econophile's take on the economy for 2010: Debt, deleveraging, and residential and commercial real estate.

Millions of “pre-retirees” aged between 55 and 64 are being unrealistic about the size of their private pensions and living in a state of denial about their finances, experts say.