Sorted Weekly Tweets



  • Germany Signals Shift on Europe Aid “a common fiscal policy would be irreversible and well coordinated.” $$ Jun 29, 2012
  • Bermuda on track to comply with EU insurer rules If not, cos reinsured could not take full reserve credit;wud lose biz Jun 26, 2012
  • How Germany’s euro fight has turned Orwellian “foreigners shouldn’t overestimate Germany’s financial capacity.” $$ Jun 26, 2012
  • Hollande Reality Makes French Debt Less Attractive Bondholders care about getting repaid. Hollande = higher risk $$ Jun 26, 2012
  • Germany to Confront United Euro Bloc at Summit Time to bring back the D-mark, or, centralize the E-zone into a nation Jun 25, 2012
  • All the bail-out systems under the sun cannot make the eurozone work The loans, at whatever rate, cannot b repaid $$ Jun 25, 2012
  • Merkel Parries Push for Euro Debt Plan as Growth Outline Agreed Merkel repeated “liabilities & controls go together” Jun 24, 2012
  • Bundesbank Swipes at Draghi as European Fault Lines Deepen Do you want your currency 2b a stable unit of account $$ Jun 24, 2012
  • Spanish Government in Denial: Banks Need 100B EUR to Recapitalize Eurozone is under stress & estimates capital low $$ Jun 24, 2012




  • TEXAS SHIFT MAY SHOW WAY OUT OF IMMIGRATION STALEMATE Favoring guest-worker programs may break national stalemate $$ Jun 29, 2012
  • A defense of the tax exemption for municipal bonds (part one) @munilass explains the reasonable nature of the exemption Jun 29, 2012
  • Congress Would Hate to Lose Its Tax-Code Toys @cabaum points out that our current policies aren’t working $$ Jun 29, 2012
  • All municipalities that raise employee benefits without respect for costs deserve bankruptcy: thus Stockon, CA $$ Jun 29, 2012
  • Pt 2 — individual does not survive, and the fragmentation of the decision makes the interpretation messy; Obama implements asmuch he can $$ Jun 26, 2012
  • Going to toss out a wild idea on #scotus & PPACA/Obamacare; several concurring opinions get issued overturning aspects of the law, but… $$ Jun 26, 2012
  • Yield spreads widening, Industrial commodity prices falling. I think those are the main factors. Jun 26, 2012
  • No such thing as animal spirits, businessmen r cautious w/debt $$ RT @EconTalker: Spending is the consequence of prosperity, not its cause. Jun 26, 2012
  • Biggest U.S. Banks Curb Loans as Regional Firms Fill Gap Lending reduction from bigs is > increase from regionals $$ Jun 26, 2012
  • Flood Cleanup Continues in Duluth “surge of run-off from the hill made the flood so dramatic.” Duluth flooded? $$ Jun 25, 2012
  • Stockton, CA Nears Bankruptcy Will reduce employee benefit costs; muni bondholders likely be paid $$ 14x Vallejo Jun 25, 2012
  • States Face Pressure on Pension Shortfalls GASB finally gets spine & tells states their pension acctg is liberal $$ Jun 24, 2012




  • @RMGSelection They get clones of portfolios that I personally own Jun 29, 2012
  • @RMGSelection I manage separately managed accounts of stocks and bonds for upper middle class individuals and small institutions Jun 29, 2012
  • @RMGSelection You’re welcome, but I don’t do Facebook :( Jun 28, 2012
  • @BubblesandBusts 40% banks; top 10 75%, too much downside risk in a real washout, would rather consider $TEF, $REP, or maybe a CEF… $$ Jun 27, 2012
  • You’re sounding good, keep it up $$ RT @ReformedBroker: @AlephBlog bob auer from auer growth fund Jun 26, 2012
  • @ReformedBroker Who was the GARP mgr that you were interviewing late in the 1st hour, and early 2nd hour? Jun 26, 2012
  • @CLHinkle I don’t know enough about Gina Rainmondo; don’t live there, etc. What little I have seen of her I have mostly liked $$ Jun 26, 2012
  • “Hard to see how Telefonica $TEF goes bust. 5.4% is a lot of spread… $$” — David_Merkel Jun 26, 2012
  • EJ made its name w/quantitative models of corporate risk; govts aren’t the same $$ RT @fundmyfund: Egan Jones has jumped the shark Jun 26, 2012
  • RT @TheOneDave: Chemicals ought to come with a U.S. economic warning label. See this Chart of the Day: via @Bloombe … Jun 26, 2012
  • What a chart, but price was lower in April 2000 $$ RT @BarbarianCap: Arch Coal $ACI lifetime low, I think. Jun 26, 2012
  • RT @historysquared: sustained negative real yields in advanced economies (preceded double digit inflation in the 70s) Jun 26, 2012
  • Well done! $$ RT @AmyResnick: Well beyond bonds: Digging into reports from muni borrowers : Reynolds Center Jun 26, 2012
  • Switched back 2 old RT @asymmetricinfo: New Tweetdeck app has broken the ability to follow conversations. Curse you, Tweetdeck developers! Jun 26, 2012
  • ‘ @grossdm Skills that can be used by multiple employers r typically paid for by the employee; company-specific skills by the employer $$ Jun 25, 2012
  • @moneyscience I didn’t find this compelling; my practical experience in holding multiple auctions says differently $$ Jun 25, 2012
  • @manualofideas I agree, it is hard. But when I was a kid, my friends would say to me, “There r accidents, but Dave, that error took skill.” Jun 25, 2012
  • @manualofideas there is the risk of continuing to lose money, and no deal emerges… $$ Jun 25, 2012
  • @saraeisenFX Dissolving the Euro would be the smartest idea, but ideologues insisting on “closer & deeper union” will say otherwise $$ Jun 25, 2012
  • Diversification: A substitute for knowledge & a poor one $$ RT @EddyElfenbein: The most over-rated investing concept = diversification. Jun 25, 2012
  • Can also pull into XL RT @TheStalwart: Wow, you can download all the data on FRED in one big file. Jun 24, 2012
  • @manualofideas What I sent to the SEC: Only 2 pgs long, but offers a simple solution. Let me know what u think Jun 24, 2012
  • @manualofideas Two pages: Let me know what you think. I think this is the best proposal so far. Jun 24, 2012




  • New bank theft software hits three continents “sophisticated enough to defeat… two-factor authentication” b aware $$ Jun 26, 2012
  • Greed is an attitude, and it is not good. It is present with people who are addicted to making more. More, more, more… Jun 26, 2012
  • 1 Year of Your Life and $100,000: Growing Cost of Medical ID Theft Important 2b aware of this new form of ID theft $$ Jun 26, 2012

Market Currents


  • Do Good Investment Managers Give Away Great Ideas? It’s Entirely Rational According to New Study @sumzero & Value IC $$ Jun 26, 2012
  • Tropical Storm The same could be said of pricing/trading in the bond market, and few complain about that. $$ Jun 26, 2012
  • Chesapeake Slumps On Report Of Scheme To Suppress Land Prices Another cockroach. Y I saw 1 of those yesterday… $$ Jun 25, 2012
  • Kepos’ quiet touch wins favor among quant funds Remains 2b tested. As a quant, how do u avoid crowded trades? $$ Jun 25, 2012




  • In a Shift, Chinese Exporters Cling to Dollars As I have sometimes said, it may be that the Yuan is overvalued $$ Jun 29, 2012
  • Central Banks Commit to Ease as Threat of Lost Decades Rises “It’s going 2b very hard for them 2 stimulate demand” $$ Jun 25, 2012
  • Should Tenure for College Professors Be Abolished? Tenure rewards the past, 2 the possible neglect of the future $$ Jun 25, 2012
  • Borg Bashes Banks in Sweden Shielding Housing Bubble Can a housing bubble be deflated w/o significant fallout? $$ Jun 25, 2012

1 Comment

  • Greg says:

    Warren Buffett’s favorite pharmaceutical (Glaxo-Smith-Kline) just got slapped with a $3 billion fine

    A lot like the Salomon Bros Treasury rigging scandal in the 1980s

    A lot like Coca Cola’s accounting issues (Buffett was on the accounting committee of Coke’s board)

    A lot like FNMA’s massive earnings mistatements and lack of risk controls

    A lot like Buffett buying GenRe, which was later charged with helping to conceal losses at AIG.

    A lot like his preferred buys into Govt Electric and Goldman Sachs just as they were shown to have ethical issues in their business practices and political influence issues

    While hedge funds are being ordered to register and to report trades and positions to the CFTC / SEC, Warren Buffet gets endless extensions and delays in reporting his trades

    And let us not forget that little insider trading episode at Berkshire Hathaway itself a little over a year ago

    Anyone can beat the stock market if they are allowed to play by a different set of laws than everyone else.