Archive - Aug 2010 - Blog entry
August 28th
CBO Clears Things Up
Submitted by Bruce Krasting on 08/28/2010 17:47 -0500Not to worry. Everything is fine.
My Run in With the Law
Submitted by madhedgefundtrader on 08/28/2010 11:59 -0500Who knew we financial types were so unpopular on Main Street?
Repositioning Austrian Theory Part Deux
Submitted by PragmaticIdealist on 08/28/2010 10:28 -0500I clarify my critique of Austrian/Libertarian theory and explain how monetary austerity is not necessarily the "right thing to do" going forward.
August 27th
Has the Fed Defused the Neutron Bomb?
Submitted by Leo Kolivakis on 08/27/2010 20:25 -0500Bubble Ben's policies have been vigorously criticized, but in the end, he'll do whatever it takes to defuse the neutron bomb of balance sheets...
Tech Sector Watch: Is Mega Merger the Inevitable Solution?
Submitted by asiablues on 08/27/2010 20:02 -0500While the fierce 3PAR bidding war is becoming even more exciting than a live Sotheby auction, the most active market sector in terms of consolidation is undeniably Technology, and there is a reason for this wave of M&As.
Krugman’s Solution – Nitro
Submitted by Bruce Krasting on 08/27/2010 16:27 -0500We're screwed either way.
U.S. Postal Service Starts Quoting SDR to Dollar Conversion Rates, and IMF Endorses Replacing Dollars with SDRs
Submitted by George Washington on 08/27/2010 12:11 -0500Anyone else find this interesting?
Even With Clawbacks, the House Always Wins in Private Equity Funds
Submitted by Reggie Middleton on 08/27/2010 09:04 -0500So, Mr. Private Equity Fund Man says, "Give me $10 in order for me to lose you $8, and I'll give you $2 dollars back for your inconvenience." Am I in the wrong business or what?
I Suggest Those That Dislike Hearing “I Told You So” Divest from Western and Southern European Debt, It’ll Get Worse Before It Get’s Better!
Submitted by Reggie Middleton on 08/27/2010 05:36 -0500So, S&P finally gets around to Cutting Ireland’s Rating on the Cost of Bank Support, and of course Irish officials balk... Let's drill down into the facts.
August 26th
BHP Billiton Develops an Appetite for Potash
Submitted by madhedgefundtrader on 08/26/2010 23:24 -0500POT is the world’s largest fertilizer producer, and with the global population expected to grow from 7 billion to 9 billion over the next 40 years, a takeover seems like a no brainer. Why not buy another product that the Chinese are voracious consumers for? It’s cheaper to take over someone than to hire people. The recent doubling of the price of wheat in a mere eight weeks has been a shot across the bow of investors everywhere that it is time to get on the train before it leaves the station. Suddenly the entire sector is in play. (POT), (MOS), (AGU), (MOO), (DBA).
Public Pensions and California's Fiscal Future
Submitted by Leo Kolivakis on 08/26/2010 20:44 -0500Governor 'Terminator' meet Governor 'Wrecking Ball'...
Why Are Home Sales Plummeting?
Submitted by George Washington on 08/26/2010 19:36 -0500An intro for newbies ...
My Ex Bonds and Ben Bernanke
Submitted by Bruce Krasting on 08/26/2010 16:12 -0500What ZIRP means to me. What it means to the economy.
This Is Bearish Price Action: XLF
Submitted by thetechnicaltake on 08/26/2010 16:08 -0500There is only 1 interpretation for this finding: bear market.
Welcome to Earth, Mr. Recovery
Submitted by Phoenix Capital Research on 08/26/2010 13:40 -0500Now, about that “double dip.”
By now, even the most bullish commentator has begun to acknowledge that the Stimulus high is ending and we are likely entering a “double dip” recession later this year.
It is not difficult to see why, every indicator worth anything is pointing to a massive drop in GDP coming shortly. The ECRI, which has a 100% accuracy rate for predicting recessions has just posted its fastest collapse in history and is already at levels indicating another recession is a “sure thing.”
