Archive - Jun 2010 - Blog entry
June 30th
Calpers and Risk: Together Forever?
Submitted by Leo Kolivakis on 06/30/2010 22:35 -0500After maintaining a low-risk real estate strategy for decades, studies commissioned by Calpers show that it switched gears in 2002, embracing higher levels of risk even as the real estate market began to top out in 2005. By mid-2009, Calpers had a one-year loss of 48.8% in its real estate portfolio and was reporting among the lowest returns of any large pension fund in the country.
Did the Fed Economist Slam Bloggers for the Same Reason that Fundamentalist Priests Slammed the Printing Press?
Submitted by George Washington on 06/30/2010 14:46 -0500Heretic!
What's Next? The Obvious Take
Submitted by thetechnicaltake on 06/30/2010 12:06 -0500The "fat pitch" that was looking good has fizzled into a stinky, foul ball. In all likelihood, we are looking at a bear market.
Fed begs you to ignore non-economists that predicted revised Q1 GDP in Nov 2009
Submitted by EB on 06/30/2010 08:59 -0500Despite the pleas of Dr. Athreya to the contrary, Rick Davis of the Consumer Metrics Institute boldly goes where no BLS statistician or Fed economist dares...that is into the upstream consumption data (gathered in real time, no less) that leads the taxpayer-subsidized bean counters' work by up to seven months. While it's no surprise that all is not well on the H2 2010 horizon, CMI tells us specifically what to watch out for.
Australian Dollar Owners Make a Killing.
Submitted by madhedgefundtrader on 06/30/2010 08:50 -0500Hedge funds poured into the currency down under, making it one of the world’s best performing assets this month. The bottom line is that interest rates there are high and rising, while ours are low and stagnant. A procession of central banks have been pulling the ripcord on the troubled euro and landing into currencies with vastly better fundamentals. A proposed 40% mining tax triggers a stunning change in government. Singing “Waltzing Matilda” in the shower. (FXA), (EWA).
Flagstar Bank: The Good, The Bad & The Ugly
Submitted by bmoreland on 06/30/2010 07:27 -0500Flagstar is the nation's 65th largest bank and without yet another recent capital raise would probably be gone. In truth, there is little Good and a whole lot of Ugly.
Ferguson, Roubini vs. Krugman: Slowdown or Depression for The U.S.?
Submitted by asiablues on 06/30/2010 04:31 -0500Paul Krugman, obviously in total distress over the G20 deficit cut pact, sees a 3rd depression coming to America. Meanwhile, Dr. Doom--Nouriel Roubini--sees a slowdown rather than a double-dip recession in the U.S., and Harvard University professor Niall Ferguson agrees.
June 29th
Department of Energy: Oil Well Drill Pipe Was Violently Ejected Upwards Into the Blowout Preventer
Submitted by George Washington on 06/29/2010 23:42 -0500Is this partly responsible for the failure of the blowout preventer?
Will We Have Inflation, Deflation, or Hyperinflation? Part 4 (Final)
Submitted by Econophile on 06/29/2010 23:11 -0500This is the fourth and final part of my major four part series dealing with what I feel is the primary question investors must now answer: is our future to be inflation or deflation? The answer has vast implications to our investment planning and decisions for the near term, and possibly for our long term. It is a very complex question with a lot of moving parts involving economics and politics. For those of you who have stuck with me for this series, thanks!
End of the Bull: Primary Trend Shifts as Markets Shatter
Submitted by Fibozachi on 06/29/2010 22:46 -0500Tuesday's relentless sell-off across US equity markets marked an undeniable end to the continuous series of higher lows that had been intact since July 2009; closing below 1,044.50 on the S&P 500 Cash, bulltards can no longer claim that the primary trend of equities remains bullish. With ZMH the only S&P 500 issue closing higher, could GETCO be anticipating a large order from Mr. Market for a new hip? Joking aside, what can we expect after such an all-encompassing technical rout?
Preparing for Next Big One?
Submitted by Leo Kolivakis on 06/29/2010 22:45 -0500“We will have a financial crisis again — it’s just a question of the frequency,” said the economist Kenneth Rogoff, who, with Carmen M. Reinhart, wrote a terrific book titled “This Time Is Different: Eight Centuries of Financial Folly.” The title says it all. We’ve been through this before and will go through it again.
Methane Release From the Gulf Oil Spill: What Does It Mean? How Bad Could It Get?
Submitted by George Washington on 06/29/2010 11:46 -0500Will the methane kill marine life in the Gulf? Cause global warming? Bring on tidal waves and firestorms? Here's everything you ever wanted to know about methane - INCLUDING woolly mammoth farts ...
A Look at the Case-Schiller - No Good News
Submitted by Bruce Krasting on 06/29/2010 10:40 -0500Larry Kudlow is selling this report as good news. I think it stinks
The Only Certainty in Life: Taxes are Rising
Submitted by madhedgefundtrader on 06/29/2010 09:31 -0500$2,000 in tax increases will be needed per household to cover increased government social service spending by 2015. This figure then soars to a mind blowing $12,636 by 2050. We are now paying the piper for 30 years of tax cuts and spending increases. Sure, we won the Cold War, but we did it all on an American Express card, and have been rolling over the balance ever since. The winner of elections from now on is basically irrelevant, as our problems have grown to the point of insolvability.
In the News This 29th Day of June, 2010: A Whole Bunch of “This Ain’t No Surprises” from Europe
Submitted by Reggie Middleton on 06/29/2010 06:10 -0500There's a whole lot of economic and financial surprises coming out of Europe today (wink, wink)!












