Archive - 2013 - Blog entry

All hell broke loose on 8/16. The stock droped a mind numbing 75% in a single day - (the widows and orphans got taken to the cleaners)

Israel hasn`t attacked Iran, huge builds in gasoline products, no jump in demand, yet oil price moved up regardless...

The Law Office of Marshall Watson seems to be shutting down in name only because it has all the appearances of easing right into its new name, Choice Legal Group, with the same staff, attorneys, foreclosure cases, and clients...

WARNING HEDGE FUND MANAGERS: THIS IS NOT SHORT OR LONG INVESTMENT ADVICE

Holding a PhD does not automatically walk you into even a decent paying job any more.

The fiscal cliff situation has made it clear that when it comes to issues such as cutting the deficit and debt, US politicians are totally clueless. Remember, Congress hasn't passed a budget in four years, which incidentally goes a long ways towards explaining why we're about to breach the debt ceiling again.

Shooting arrows at kids who are five years old today is nothing to celebrate, even if the arrows won't hit for another decade or two.

Can you live without FaceBook & your smartphone for an entire week? Take our challenge and maybe you will discover that all technology does not always improve the quality of your life.

A zero sum game. That's where the central planning has taken us. Rate decisions tomorrow at the BOE and ECB could rattle the markets as traders look for direction in a directionless world.

Bailing out the corrupt Greek elite or stockholders, bondholders, and counterparties of putrid banks, or privileged speculators is one thing, but....

...so take your ranting back to zero hedge, where you might find some other chicken little types

We’ve now have just a little over 30 days until US breaches its debt ceiling. We would have already done so, except Treasury Secretary Tim Geithner borrowed some $200 billion from emergency funds to buy a few weeks’ time (announcing that he’d be leaving his post before the actual ceiling was breached).

May the farce contnue...

AIG shareholders aren't just paying interest on its own bailout, they are paying (paid) hefty interest charges on the bailout of the most connected entity in the history of finance, the VAMPIRE SQUID, Goldman Sachs!

European officials have impressed upon investors that the tail risks of a EMU break up have receded markedly. Some officials talk even that the crisis is over. The premium Italy, and to a less extent, Spain, pay over Germany have narrowed to levels that had previously thought possible only if the ECB were to make good on its promise of unlimited (ex ante) purchases. There have been some signs that foreign investors are participating in the primary and secondary sovereign European bond market. Ireland is returning to the capital markets.

To be sure, challenges remain. Greece's will and ability to impose more austerity is questioned. Spain has relied on cuts in public investment over the last several years while other spending has actually risen. With high issuance this year than last, apparently without the help of another LTRO (with some borrowing, perhaps around 100 bln euros expected to be paid back early--beginning as soon as the end of Jan), Spain's funding challenges are likely to resurface. Italy's elections next month could still result in a hung parliament, with Monti's centrist movement seemingly contributing to the fragmentation. However, it is Cyprus that may be the most pressing issue. Yes it is small and few international investors have any exposure. Its significance extends beyond its size.