Archive - Jan 2013 - Blog entry
January 25th
British Economy Is WORSE than During the Great Depression
Submitted by George Washington on 01/25/2013 20:08 -0500Royal Bank of Scotland Says We're In Deep DooDoo ... Worst Economy Since Before Queen Victoria Was Crowned
MeMoRieS oF TuRBo TiM GeiTHNeR...[167 Images of a WaLL STReeT DouCHe WeaSel]
Submitted by williambanzai7 on 01/25/2013 15:47 -0500Sit down, but first and remove all coffee and beverages...
California housing inventory disappears into the sunset.
Submitted by drhousingbubble on 01/25/2013 13:37 -0500Since 2009 all cash buyers have purchased roughly one third of all Southern California home sales. This is a significant number and unlike the early 2000s, many of these buyers are looking to hold onto properties as rentals. A good portion of buying has come from larger hedge funds and an increase of foreign money has caused competition on an already low selection of homes to become more pronounced. The latest inventory report for California is telling in many ways. Many of the larger metro areas in California are seeing annual inventory drops of 50 to 70 percent. Those looking to buy are facing added competition from a variety of unlikely sources. Last year in February we set a record with the number of homes sold to absentee buyers (29.9 percent). Where is all the inventory going in California?
DaVoS 2013: BaNZaI7 INSTiTuTe STaTe OF THe PoNZi PReSeNTaTioN
Submitted by williambanzai7 on 01/25/2013 06:44 -0500The ultimate Davos slide show...
Three Impulses Drive FX into the Weekend
Submitted by Marc To Market on 01/25/2013 06:32 -0500Three main forces are at work today: 1) The continued decline in the yen--driven by more evidence of deflation and more jawboning. 2) Poor UK data and weak underlying technicals extend sterling's losses. 3) Stronger German ZEW survey and the repayment fo 137.2 bln euros from 278 banks.
Is Fed Monetary Policy Really Marxist?
Submitted by rcwhalen on 01/25/2013 06:13 -0500
“Those are my principles,” Marx said. “And if you don't like them... well, I have others.”
How Can We Reconcile Freedom-Loving Libertarianism with Tough Prosecution of Fraud?
Submitted by George Washington on 01/25/2013 02:27 -0500Reconciling Opposites ...
January 24th
What the Japanese Trade Deficit Says About the Fraying Fabric In China And Europe
Submitted by testosteronepit on 01/24/2013 21:18 -0500Cannot be resolved by decapitating the yen
Yen, Apple, Netflix and VIX
Submitted by EconMatters on 01/24/2013 20:08 -0500All in all, the market took apple`s takedown rather well, which is probably bullish!
Dis & Dat
Submitted by Bruce Krasting on 01/24/2013 16:43 -0500
The market gets smoked for 1/4 Trillion in a single name, and we're trading at the highs. Go figure.
Will you pay $2,000 to have a kid read 12 books of your selection?
Submitted by hedgeless_horseman on 01/24/2013 14:16 -0500I do understand this is very co-dependent, sick, sad, and wrong on many levels, but I have decided that I don't really care.
In Re MaRY Jo WHiTe: WHiTe HouSE NoMiNee FoR SEC CHaiRWoMaN...
Submitted by williambanzai7 on 01/24/2013 11:39 -0500Mary Jo White: White House, white collar, white shoe, white out, white wash?
As I Said, iBubble! AAPL Drops 10.7%, Subtracting 32 pts From NASD Comp As Predicted Months Ago
Submitted by Reggie Middleton on 01/24/2013 11:31 -0500iBubble goes iPop bringing the iNaz down for the iFall. You know I just can't help myself...
Ten Things You Should Know about the LTRO
Submitted by Marc To Market on 01/24/2013 09:41 -0500Starting tomorrow and every Friday for the next few years, the ECB will report the number of banks and the amount of funds they will repay of the 3-year repo operations conducted in late 2011 and early 2012. For those who do not have the luxury of following these developments closely, I have put together a 10 point cheat sheet.
