Archive - Aug 2010 - Blog entry
August 14th
Norway's SWF Posts a 5.4% Loss in Q2
Submitted by Leo Kolivakis on 08/14/2010 21:03 -0500Norway's fund dropped $25 billion in the second quarter, pummeled by the European debt crisis and BP's downturn after the Gulf of Mexico spill.
Implications from the Treasury Yield Curve
Submitted by scriabinop23 on 08/14/2010 18:37 -0500Forward treasury rates, which are very close Fed Fund rate expectations, can be extracted from the treasury curve. If the treasury market is smart money, it's worth listening.
HP’s Hurd Crisis Creates A Value Play
Submitted by asiablues on 08/14/2010 15:44 -0500HP stock has taken a bath since Mark Hurd's resignation. The question that arises is whether HP is oversold in the short-term, and due for a bounce in line with the fundamentals of being one of the largest technology companies in the world in terms of revenues.
The Dodd-Frank Wall Street Reform and Consumer Protection Act: The Triumph of Crony Capitalism (Part 3)
Submitted by Econophile on 08/14/2010 14:02 -0500Until I began to examine the Dodd-Frank financial overhaul bill I had no idea that it would so significantly change the direction of the United States. It's scope is so vast and pervasive that it is difficult to grasp its totality. I wrote this article to try to explain this and why I believe it is so important for us to understand it. Because of its complexity it was not possible to do this briefly, so I wrote this major "white paper" and divided it into four parts to make it easier to digest. Please stick with me for the next few days; your eyes will be opened. This is Part 3 of 4.
Ackman Suckers Fannie and Freddie?
Submitted by Bruce Krasting on 08/14/2010 13:42 -0500This story reminds me of the good old days. Deals get done for funny reasons.
August 13th
BP Will Go Ahead with Relief Wells ... But Admiral Allen Warns That There is a "Weak Link"
Submitted by George Washington on 08/13/2010 23:51 -0500Good news ...
Can We Avoid Another Lost Decade?
Submitted by Leo Kolivakis on 08/13/2010 18:01 -0500We are at a crossroads and even experts are baffled as to what awaits us. Before you jump to any simple conclusions, read this comment very carefully.
Dead Fish Are Washing Up Everywhere . . . Is It Due to BP Oil Spill and Dispersants?
Submitted by George Washington on 08/13/2010 15:14 -0500No, its not global warming ...
"A Sustainable Level of Bank Profits Appears to be About 1% of GDP". Higher Bank Profits Lead to a Ponzi Economy and a Depression
Submitted by George Washington on 08/13/2010 11:45 -0500Steve Keen hits another one out of the ballpark ...
Pivotfarm Daily News Harvest 13th August 2010
Submitted by Pivotfarm on 08/13/2010 07:49 -0500Markets in a Flash
· The USD is starting to look stronger this morning. It is gaining as investors seek less risk.
· The EUR/JPY appears to be trading very close to its monthly lows.
· US equity futures are lower today suggesting the selloff will continue when the markets open.
Greek Recession Deeper Than Forecast, or Another Vindication of Independent Proprietary Analysis Over Government Propaganda?
Submitted by Reggie Middleton on 08/13/2010 05:40 -0500Second-quarter GDP in Greece estimated to have fallen by 3.5% year-on-year. I'd like to bring to your attention that this is a pace that is over 11.5x WORSE than the projections that Greece used to get the austerity package-based bailout!!! It is also much more in line with what we anticipated at the research group of BoomBustBlog. Anybody want dibs on whether we are also more accurate about the point of Greece's restructuring causing a contagion effect?
The Dodd-Frank Wall Street Reform and Consumer Protection Act: The Triumph of Crony Capitalism (Part 2)
Submitted by Econophile on 08/13/2010 00:19 -0500Until I began to examine the Dodd-Frank financial overhaul bill I had no idea that it would so significantly change the direction of the United States. It's scope is so vast and pervasive that it is difficult to grasp its totality. I wrote this article to try to explain this and why I believe it is so important for us to understand it. Because of its complexity it was not possible to do this briefly, so I wrote this major "white paper" and divided it into four parts to make it easier to digest. Please stick with me for the next few days; your eyes will be opened. This is Part 2.
August 12th
My Best Trade of the Year
Submitted by madhedgefundtrader on 08/12/2010 23:22 -0500Wheat prices have doubled in six weeks. Domestic grain traders, seeing nothing but rows of corn, wheat, and soybeans at home as far as they eye could see, were caught totally flat footed. This crop disaster was totally foreign in its origin. Trouble with the canola crop in Canada rippled from Australia, Western China, the Ukraine, and then to Russia, big time. Time to take profits. As any farmer will tell you, pigs get slaughtered.
The Only Things That Matter… And No One Talks About
Submitted by Phoenix Capital Research on 08/12/2010 22:53 -0500Today, most pundits are growing increasingly concerned that we are headed for a “double dip” recession. I think this view is idiotic as the US “recovery” was in fact nothing more than a small bounce in economy activity within the context of a DEPRESSION.
Let’s be honest here. The money printing and Stimulus DIDN’T work last time. All it did was buy time. Indeed, from an economic perspective, the only thing the Feds can claim with any certainty is that the Stimulus produced a bunch of economic data points that were questionable in authenticity (GDP, inflation, employment, etc) many of which have since been revised lower (GDP again).
CPPIB Hedging For Choppy Markets?
Submitted by Leo Kolivakis on 08/12/2010 19:45 -0500The Canada Pension Plan Investment Board (CPPIB) is hedging for choppy markets, snapping up Manhattan real estate and getting into the lending business.
