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Weekly Sorted Tweeets

Federal Reserve


  • Long Term U.S. Credit Boom Chart By bailing out short-term credit cycles, the Fed created a big asset bubble $$ Apr 28, 2012
  • Quantitative Deleting: The Fed’s $400 Billion ‘Gift’ Fed’s actions lower cost of funding the US Treasury’s deficit 4now Apr 26, 2012
  • Bernanke Takes On Krugman’s Criticism Ignoring Own Advice Blind & Blinder $$ Apr 26, 2012
  • I think Ben needs one too. Barkeep, make that a double for the the Fed Chairman! $$ RT @soooouuuuurrrrr: @AlephBlog I need a drink. Apr 25, 2012
  • That’s all folks — the FOMC show is over!! $$ Apr 25, 2012
  • Stocks loving Bernanke, who says he doesn’t act to please markets, but I think that he does, b/c he aims to reduces rates & spreads $$ Apr 25, 2012
  • Good Qs on Labor force participation rate and the “bond bubble.” Bernanke obfuscates. Apr 25, 2012
  • But the real canard here with the enhanced guidance is that the Fed is poor at forecasting & consistently drags toward current conditions $$ Apr 25, 2012
  • When will Fed “transparency” finally be understood to not mean “increased reliability?” Apr 25, 2012
  • Interesting that long Treasuries r rallying off of the FOMC second stmt after falling on the first. Not much difference between the 2. $$ Apr 25, 2012
  • So, short-term inflation up, LT unch. ST Unemp down, LT unch. ST GDP up, 2013-4 down, LT unch. Tightening 6 mos closer than Jan, FF path up Apr 25, 2012
  • Central tendencies and ranges of economic projections, PCE average change 2012-14 +0.22%, +.10%, +.09%, longer run 0% (natch) $$ Apr 25, 2012
  • Central tendencies and ranges of economic projections, unemployment average change 2012-14 -0.40%, -.21%, -.08%, longer run -.01% $$ Apr 25, 2012
  • Central tendencies and ranges of economic projections, GDP average change 2012-14 0.16%, -.08%, -.24%, longer run 0% $$ Apr 25, 2012
  • The enhanced guidance of the FOMC is causing more confusion than enhancing understanding $$ Apr 25, 2012
  • Overview of FOMC participants’ assessments of appropriate monetary policy; Appropriate Timing of Policy Firming 6 months sooner than Jan12 Apr 25, 2012
  • Target Federal Funds Rate at Year-End average change 2012-2014, +.015%, +.044%, +.206%, long-run -.015% $$ Apr 25, 2012
  • PDF isn’t as friendly as HTML… but that’s probably intentional on the part of the Fed. $$ Apr 25, 2012
  • here they are, Economic Projections of Federal Reserve Board Members and Federal Reserve Bank Presidents $$ Apr 25, 2012
  • Clocks must be slow at the Fed’s website… Apr 25, 2012
  • Bond/stock trading bots set loose within the next minute! Apr 25, 2012
  • @bondscoop When the FOMC said they would do this, I said “Do they really get what they are setting themselves up for?” Tight coupling. Apr 25, 2012
  • @bondscoop Thanks. I’ve got the ancillary data loaded into a spreadsheet to make a quick comparison Apr 25, 2012
  • @bondscoop That’s not out yet, right? Apr 25, 2012
  • Redacted Version of the April 2012 FOMC Statement Shaded up views on housing, inflation & global financial risk. $$ Apr 25, 2012
  • Of course, that can only last so long as inflation stays low. Brian Wesbury thinks inflation might be rising $$ Apr 24, 2012
  • Gundlach Says Fed Won’t Preemptively Raise Rates W/debt building up 1 thing saving us: interest rate collapsing $$ Apr 24, 2012
  • There r historical accidents. The worst that we r dealing w/is Ben Bernanke as Fed Chairman with his mistaken views on the Great Depression! Apr 24, 2012
  • Awash in money and piles of debt Up next: More QE, financial repression, inflation, deficit spending -> stagflation $$ Apr 23, 2012
  • $$ Coming soon +1 RT @ReformedBroker: Hilsenrath: After-Hours Sell-Off in Netflix Pushes Fed Governors Toward to Further Easing… $NFLX Apr 23, 2012




  • Are these companies feeling the Chinese slowdown? Machinery companies: Volvo, ABB, $CAT seeing China orders fall $$ Apr 26, 2012
  • China Internet Crackdown Silences Another More closure of accts found 2b spreading “malicious political rumors.” $$ Apr 26, 2012
  • Why Wukan Will Remain a One-off Optimistic piece shows when there is enough pressure in China, change can happen $$ Apr 26, 2012
  • China Tire Demand Slows as Economy Decelerates, Bridgestone Says Q is how much things slow for the Chinese economy $$ Apr 26, 2012
  • China Escalates Crackdown On Internet Amid Scandal China wants the internet 4 its economy, but not its politics $$ Apr 26, 2012
  • China and Social Media Today vs. Japan bubble in 80s Vitaliy Katzenelson shares his reasoning on bubbles $$ Apr 26, 2012
  • Why China’s Economic Policies Are a Failure: Andy Xie Building redundant capacity, cronyism, recipe for disaster $$ Apr 25, 2012
  • China Hidden Liabilities for Central Government Seen @ CNY10.94Trl Opaque governments w/lots of debt can b trouble 2 $$ Apr 25, 2012
  • Shide Group Mired in Financing Crisis, Massive Debt Beware complex companies w/lots of debt. Default probs higher $$ Apr 25, 2012
  • The Startling Plight of China’s Leftover Ladies Leftover Chinese men r not good enuf 4 them, even w/sex ratio tilted $$ Apr 24, 2012
  • Behind a Chinese City’s Growth, Heavy Debt Bo Xilai leaves behind a legacy of debt 4 taxpayers to fund $$ #surprise Apr 23, 2012
  • Cities get a sinking feeling: report If China’s cities aren’t careful about their water tables, they’re sunk ;) $$ Apr 23, 2012
  • Can China Reflate the Housing Market? Maybe one more time, but eventually you can’t resuscitate a corpse $$ Apr 23, 2012
  • US barnyards help China super-size food production China builds protein industry by purchasing live animals from US $$ Apr 23, 2012
  • Beijing’s Cracked Consensus Don’t assume the fall of Bo Xilai 2b 2big; the CC Party still fights 4 the CC Party $$ Apr 23, 2012
  • Farmers Retool to Feed China Dairy processors make longer-lasting milk powder 2sell2 China. They like almonds 2 $$ Apr 23, 2012
  • China May Finally Let Its People Move More Freely Of hukou: how China uses household registration 4 control purposes Apr 23, 2012
  • The End of China’s One-Child Policy? China is getting old before it gets rich. Toxic combo. Watch wages rise. $$ Apr 23, 2012
  • The China Rising Leaders Project Very long piece giving very detailed info on next generation of China’s leaders $$ Apr 23, 2012
  • China’s Biggest Banks Are Squeezed for Capital Too much and overaggressive lending strains their balance sheets $$ Apr 24, 2012




  • Spain’s current unemployment rate exceeds the US rate during the Great Depression Ugly chart: $$ Apr 28, 2012
  • Why Spain Won’t Reform Cultural argument that Madrid historically does not act on problems outside of Madrid $$ Apr 28, 2012
  • Rising Italy-to-Spain Yields Keep Banks on Life Support Many banks simply cannot refinance their maturing debt $$ Apr 25, 2012
  • Continuing flow of capital out of Greece E.g. Greek refineries r unable to obtain credit & rely on Iran for crude $$ Apr 25, 2012
  • Spanish property crisis will require Ireland-style banking system recapitalization But who has the money 2do it? $$ Apr 23, 2012
  • Bundesbank’s Weidmann Says What No EU Politician Wants to Hear EZone monetary policy loose; fiscal union negligible Apr 23, 2012
  • Holland, Not Hollande, Is Europe’s Latest Worry If Dutch don’t care 4 austerity, little hope 4 rest of the EZone $$ Apr 23, 2012




  • How Retirement Benefits May Sink the States Companies emigrate 2 states where future tax pressures r lower $$ #bye Apr 28, 2012
  • Point Man on Pensions PBGC director has experience in restructuring; serves him well negotiating w/dud companies Apr 23, 2012
  • Tidbit in last article: FV of DB pension liabs for $SWY > market cap. Actuarial profession goofed on DB plans valuations; ests r liberal $$ Apr 23, 2012
  • The Multiheaded Pension Monster Multiemployer DB plans- not enough coverage: moral hazard, low PBGC guarantees $$ Apr 23, 2012




  • Chevron sticks with oil. And it pays off. FD: + $CVX | That said, buy & hold conventional NG could b good idea now $$ Apr 28, 2012
  • Tough Talks Loom at Chesapeake Having a CEO who has differing interests from common shareholders is a risk $CHK $$ Apr 28, 2012
  • Saudi oil puzzle, continued Prices r high, but the Saudis keep stockpiling oil. Why? $$ #idunno #gouging #painfreak Apr 25, 2012


Information Issues


  • Saudi Clerics Out-Tweet Liberals Forcing King to Balance Don’t underestimate the influence of Wahhabi Islam. $$ Apr 26, 2012
  • Google Stores, Syncs, Edits in the Cloud Walter Mossberg likes $GOOG Drive, thinks $MSFT Skydrive worth a try $$ Apr 25, 2012
  • PGP Creator Phil Zimmermann Has a New Venture Called Silent Circle There’s also a promise of no backdoors 4 anyone $$ Apr 24, 2012
  • A New Email Encryption App Your Network Admin Might Not Like Enlocked can encrypt email w/a click, could go viral $$ Apr 24, 2012
  • Surveillance State evils Don’t say anything that you don’t want the government 2 know. Repeal the Patriot Act! $$ Apr 23, 2012
  • Astounding. Reprogram it $$ RT @AnnieLowrey: This essay awarded a perfect score by a robo-grader is just delightful. Apr 23, 2012


Company Issues


  • Heat Turned Up on Falcone The deal w/the devil comes due for payment; Falcone faces checkmate or LS bankruptcy $$ Apr 28, 2012
  • Woes at Law Firm Deepen Dewey & LeBoeuf’s troubles w/debt & revenue shrinkage. Law does not work well 4 big biz $$ Apr 28, 2012
  • Health Insurers to Give Back $1.2 Billion, Goldman Says health overhaul limits <20% premium for expenses & profit $$ Apr 26, 2012
  • US Airways Said to Approach AMR Bondholders on Merger The unsec bondholders r the economic equity of $AAMRQ now $LCC Apr 25, 2012
  • Genworth Credibility Eroded as Australia Plan Shelved I’ve almost always ben a sceptic on $GNW. Toxic lines of biz $$ Apr 24, 2012
  • Google Unveils Drive Storage Service I use Microsoft Skydrive as a real time backup of my files. $$’ Apr 24, 2012
  • MGIC Posts $19.6 Million Loss as Borrowers Struggle on Loans Regulators should halt $MTG’s ability 2 write new biz $$ Apr 23, 2012


Rest of the World


  • Bubble Down Under? “Name a credit bubble built on a commodity bull market built on a bigger Chinese credit bubble?” Apr 26, 2012
  • North Korea Poised to Rattle Region With Nuclear Blast Will believe when it happens; NK always seems 2 get tech wrong Apr 26, 2012
  • Swiss housing market inching towards bubble Makes me wonder when the Swiss Central Bank will break its Euro peg $$ Apr 24, 2012


Financial Markets


  • Conference Notes On 4/13, Chicago Booth held its 7th Annual Distressed Investing & Restructuring Conference. $$ Apr 26, 2012
  • No surprise when they only put 3.5% down $$ RT @pdacosta: Falling home prices drag new buyers under water Apr 26, 2012
  • TARP Profit A Myth, Claims TARP Inspector General Christy Romero Q is related to foreclosure prevention aid & GSEs $$ Apr 26, 2012
  • My Sister’s Pension Assets and Agency Problems by Jeremy Grantham On the value of a non-constrained mandate $$ Apr 25, 2012
  • Force Fed by Ben Inker of GMO, last 3 pgs of Goes through the problems of Asset Allocation with yields so low $$ Apr 25, 2012
  • Wall Street Promotes Junk Bonds as Europe Erupts grabbing for yield — it’s the national pastime! $$ Apr 25, 2012
  • US 10 Year Bond Yielding 0.5% Japan scenario for the US? The 10Y at 0.5% seems farfetched, but everyone hates bonds $$ Apr 25, 2012
  • REITs Spring an Unnerving Surprise I’ve warned b4 on Private REITs More bad surprises coming $$ Apr 25, 2012
  • So, if Egan-Jones did do ABS & governments, that would have been news to me. Surprising to see the SEC going after them $$ Apr 25, 2012
  • Credit Rater Egan-Jones Lied, SEC Charges Firm was known 4 its corporate bond ratings by a contingent claims model $$ Apr 25, 2012
  • Misleading ETFs Buyer beware, read your prospectuses and semi/annual reports; go to the sponsor websites 4 more data $$ Apr 24, 2012
  • Who Gets the Equity Risk Premium? LT holders, brokers, taxes, firms that issue & retire shares at inopportune times $$ Apr 24, 2012
  • Commodities don’t provide “diversification” in a crisis Commodities provided diversification when few did it; no more Apr 23, 2012


Catastrophe Bonds


  • @merrillmatter If I ran a life insurance portfolio, a closed end fund, an open end HY fund, I would buy cat bonds, u need a balance sheet $$ Apr 24, 2012
  • @merrillmatter With all the goofy ETFs issued, surely someone could create $CATB, the Cat bond ETF. Would b very tough 2 source bonds 4 $$ Apr 23, 2012
  • @merrillmatter That’s why many high yield funds buy them w/both hands. Also special hedge funds that tear Cat bonds apart 2 get the best $$ Apr 23, 2012


The Perils of Sitting

  • On the sitting kills you piece, would like to get a copy. Est’d increase in death rate from 0.76% to 1.06%/yr. Big %, not so big absolute $$ Apr 23, 2012
  • Confirmed: He Who Sits the Most Dies the Soonest I found this article worrisome. I sit > half of my waking hours. $$ Apr 23, 2012


US Economy


  • New Mad-Cow Discovery Stirs Fears This story will have legs, 4 2b exact. ;) Beef will b down until scope clears $$ Apr 25, 2012
  • On the Social Security 2012 Report to Congress Age <53 today can expect to get 75% of the value a baby boomer got $$ Apr 24, 2012
  • Rosenberg: U.S. Clients View Canada as ’51st State’ Careful, w/rates so low, housing is looking bubbly & banks?? $$ Apr 24, 2012
  • Fees and Anger Rise in California Water War Bad geography to get water to, unless you want to try desalinization. $$ Apr 24, 2012
  • @moorehn Heidi, I was 1 of the 8 bloggers @ the 1st blogger summit at the Treasury, & not 1 of the noisier ones. I spoke twice in the 90mins Apr 24, 2012
  • @moorehn So here is my Q4 Geithner: How do we get out of the entitlements crisis? We have promises equal to 4-5x GDP!? [Amid the deficit] $$ Apr 24, 2012
  • Housing market no longer yours for a steal Low end res RE is not accepting lowball offers to buy as it used to $$ Apr 23, 2012
  • You Won’t BELIEVE How Bearish Investors Are On Treasuries 2% bullish, 81% bearish in Barron’s poll. FD: + $TLT $$ Apr 23, 2012




  • US College Education Bubble, Planning for the Wrong Future But many smaller job fields req college & pay well. $$ Apr 28, 2012
  • Hong Kong Glued to ‘Bride Wannabes’ Reality TV aids lovelorn 30-something women, ending w/a mass marriage 4 some $$ Apr 26, 2012
  • But really, with Agriculture doing so well in the US, isn’t it time to finally cut farm subsidies? And beef up (oops) USDA food safety? $$ Apr 25, 2012
  • Government Keeps Picking Winners, Losers on the Farm Farmer complains healthy food gets less subsidy than unhealthy Apr 25, 2012

Bonds, Fed Policy, Macroeconomics, Pensions, Portfolio Management, public policy, Stocks, Tweets | RSS 2.0 |

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