Sorted Weekly Tweets

Bond Markets


  • TIPS 20-Year 3.375 04/15/2032 166-21¾ / 0.00 -0-02+ / 0.002 15:09; They are trading flat to CPI 4 next 20 years $$s Jul 13, 2012
  • Buffett Says Muni Bankruptcies Set to Climb as Stigma Lifts Buffett’s claim is modest, but current trend is down $$ Jul 13, 2012
  • Indeed excellent RT @munilass: Excellent discussion of CA bankruptcies from @randalljensen Jul 13, 2012
  • Big Dealers Sweat as Swaps Face Reckoning Interest rate swaps should be vanilla enough to clear on exchanges $$ Jul 10, 2012




  • Financial Advice for Presidential Candidates Tips from Brett Arends for politicians on how to handle money. $$ Jul 14, 2012
  • Too clever $$ RT @hblodget Here’s One Of The Clever Financial Tricks That Mitt Romney Used To Become Dynastically Rich Jul 13, 2012
  • Condi for VP? Mitt’s Done It Before Article makes a good case that MR could pick someone unexpected, as before $$ Jul 13, 2012
  • Chavez Hits Campaign Trail in Bid to Prove He’s Cancer-Free Dream, Hugo; ur dying as your goals on Earth r dying $$ Jul 13, 2012
  • In Kansas, Stronger Mix of Ethanol Economically and environmentally, corn-based ethanol is one big boondoggle $$ Jul 12, 2012
  • Peugeot to Close Plant If u make it difficult 4 employers 2 terminate workers, they will hesitate 2 create jobs $$ Jul 12, 2012
  • Social Security Hole Overwhelms Taxes, Cuts Analysis right, prescription wrong. Dumb comments by innumerate readers Jul 12, 2012
  • Company to acquire part of Marcus Hook refinery Spending $75,000/job saved is dumb, even if you lock Braskem in. $$ Jul 12, 2012
  • A New, Improved Draft? No Thanks Conscripted labor of youths would be a false economy; work would b poorly done $$ Jul 11, 2012
  • And that leaves aside the constitutional & legal aspects of conscription in peacetime; I do not favor reviving the draft. $$ Jul 11, 2012
  • FBI warned Labor Department data might be leaked Until DC pays up 4 some good quants, lots of games won’t b caught $$ Jul 11, 2012
  • Helpless President, Hopeless Congress Becomes difficult as the # of factions expands. t-party fractures consensus $$ Jul 11, 2012
  • No Sign of Voter Polarization Waning Good smile from Obama; dee red, dey get redder, dee bloo, dey get blooer $$ Jul 10, 2012
  • Obama Intensifies Tax Fight Looks like a recipe 4 gridlock. BTW, Obama needs2work on his smile, very pouty pics $$ Jul 10, 2012
  • “It is the regulators who require ratings, largely for purposes of measuring risk at financial institutions.” $$ Jul 10, 2012
  • America Already Is Europe similarities: growing government & equalizing incomes, cronyism, Uninformed electorate $$ Jul 10, 2012
  • LBJ’s Lessons for Obama Politics is the art of avoiding making permanent enemies & Obama is aloof 2 his enemies $$ Jul 09, 2012
  • States Interpret Ruling to Cut Medicaid Now File this under “unintended consequences;” some poor lose some care $$ Jul 09, 2012




  • NY Fed does not deserve much credit here. They only began investigating after leverage began collapsing… Jul 13, 2012
  • They only began investigating after leverage began collapsing with bank off-balance sheet vehicles. $$ Jul 13, 2012
  • They were more concerned w/LIBOR being viewed as2high as primarily a systemic risk issue, & secondarily as a “is LIBOR accurate” issue. $$ Jul 13, 2012
  • In Libor Scandal, a Push For Criminal Charges Outside the mainstream here; I don’t think criminal charges will work $$ Jul 13, 2012
  • Fed knew of Libor issue in 2007-08, proposed reforms The Fed moves slowly on regulatory issues. Very slowly. $$ Jul 11, 2012
  • Exactly & few say that $$ RT @carney: Running the numbers on March 13, 2006 Libor. I don’t see how Barclays could have manipulated it. Jul 11, 2012
  • So I Need To “Be An Adult” About Fraud Eh? Yes Karl, being adult means waiting until fraud is proven b4 rash speech $$ Jul 10, 2012





  • Spanish Bank Borrowing from ECB Surges Feel sorry for the ECB; politicians do little so they try2do it alone $$ Jul 13, 2012
  • Euro-Zone Banks Still Hoarding The ECB can solve it all; just ask them they’ll tell you $$ Jul 13, 2012
  • Euro-Split Case Drives Danish Krone Appeal in Binary Bet People r willing to lock in losses 2 avoid bigger losses $$ Jul 11, 2012
  • Euro zone fragmenting faster than EU can act “Deposit flight from Spanish banks has been gaining pace” $$ Jul 09, 2012
  • German anti-euro backlash gathers pace The compromises hammered together r starting to come apart at the seams $$ Jul 09, 2012
  • Hollande Urged to Deliver Competitive Shock By Executives Strange brew. Socialist pushes labor productivity rise $$ Jul 09, 2012
  • Spain Braces for Renewed Austerity as Tax Take Hemorrhages I don’t suppose reducing govt size is an option here? $$ Jul 09, 2012
  • Spanish Yield Hits 7%, Stocks Slip Okay, what new “baby step” toward mutualizing debts will the EZone try now? $$ Jul 09, 2012


Residential Housing


  • Blackstone, Hovnanian in Land Banking Deal Too much $$ on the sidelines waiting to play in residential real estate Jul 13, 2012
  • Americans Living Larger As New-Home Sizes Defy Economy 1st ping I’ve seen on improvement for high-end home demand $$ Jul 13, 2012
  • Shadow inventory should also include those inverted on their mortgages, and will sell when prices are high enough. $$ Jul 13, 2012
  • Housing Passes a Milestone Lows seen in some areas, in low-end housing, look4those who waited4better prices2sell $$ Jul 12, 2012



Market Impact


  • Hedge Funds Trail Vanguard as Elliott Returns Atypical Hedge funds seek yield & shun volatility, need fair weather $$ Jul 13, 2012
  • Watch income producing investments w/care RT @stockspot2000: $$ A Big Captain Hook in DividendLand $DVY $FED $PCEF Jul 12, 2012
  • Contra: Financial conditions are actually quite normal W/long Tsys yielding little, conditions r anything but normal $$ Jul 11, 2012
  • Not surprising in a time of debt deflation $$ RT @sm_sears: Finding a reliable counter party on Wall Street is becoming a rare commodity. Jul 11, 2012
  • Wall Streeters Lose $2 Billion in 401(k) Bet on Own Firms They should know better $$ Suffering from proximity bias… Jul 09, 2012




  • Common when low funded RT @BobBrinker: “San Bernardino has seen its workers’ pension costs more than double since 2006” Jul 13, 2012
  • The new retirement age: 70 That is, if it isn’t 70+. Too few years to accrue savings vs many to spend over $$ Jul 11, 2012




  • Activist Investor Sets Sights on P&G $PG too big; Ackman bites off more than he can chew, IMO. $$ Jul 13, 2012
  • What went wrong at Supervalu (plenty) and who could buy it? (um…) Wonder what $SVU bulls @ Seeking Alpha r saying? $$ Jul 12, 2012
  • Apple Quitting Green Registry Leads to Purchasing Fallout Interesting article, but the comments section is rabid $$ Jul 12, 2012
  • Silicon Valley’s Biggest Secret Technology Company — 7 Clues One more clue: Its name starts with a “V.” $$ $V Jul 11, 2012
  • Billionaire Forrest Leads BlackRock Buying Iron Ore Only invest what u can afford2lose 4 an industry in oversupply $$ Jul 11, 2012
  • Patriot Bankruptcy May Leave Peabody Liable for Expense W/low natural gas prices, many coal companies suffer $$ Jul 11, 2012
  • Chesapeake retreat ends American energy land grab Fracking creates new energy ecology, lower prices, less coal use $$ Jul 10, 2012


Central Banking


  • That’s what I thought also $$ RT @Alea_: so employee of Markets Group of the New York Fed doesn’t know how to use bloomberg #brilliant Jul 13, 2012
  • John B. Taylor: Monetary Policy and the Next Crisis Argues Fed kept rates2low in 2000s, leading2current crisis $$ Jul 11, 2012
  • What’s Wrong With the Federal Reserve? ALLAN H. MELTZER explains y activist monetary & fiscal policies r failing $$ Jul 10, 2012
  • What if the Fed Throws a QE3 and Nobody Comes? Hussman:”The way out is2restructure bad debt instead of rescuing it.” $$ Jul 09, 2012
  • Dealers Declining Bernanke Twist Invitation Fed eats large % of long Tsys, dealers get into act front-running them $$ Jul 09, 2012
  • Fed Weighs Revamped Monetary Report as Guide to Policy No, @federalreserve, ur not unclear 2 us; just bad $$ policy Jul 09, 2012




  • Anne-Marie Slaughter on having it all No one can have it all; life is a series of choices 4 men & women $$ Jul 13, 2012
  • The death of cash Few technologies die totally; we have phonographs, tube mikes, AM radio. $$ will continue smaller Jul 12, 2012
  • Agreed, cash is a form of freedom RT @DavidBCollum: @AlephBlog Cashless society should be feared. Jul 12, 2012
  • Cocoa Grader: Hard Job, Sweet Perks Becoming a cocoa beans grader is ~4x harder than passing the NY State Bar exam Jul 12, 2012
  • A Cut Above: In These Knife Fights, Only Pride Gets Wounded Very American & weird. Very, very weird. $$ #enjoy Jul 12, 2012
  • Wall Street’s Secret Weapon for Getting an Edge Testosterone injections to feel great & b dumb as a teenage boy $$ Jul 11, 2012
  • Climate was HOTTER in Roman, medieval times than now “cooling effect of orbital shifting on the climate” $$ Jul 11, 2012
  • Congratulations to one of the best financial bloggers still active $$ RT @EddyElfenbein: Crossing Wall Street turns seven years old today. Jul 11, 2012
  • Does This Smell Clean to You? There r many new scents giving sense of clean: ginger, hibiscus, greens, jasmine.. $$ Jul 11, 2012
  • Air Conditioning, Blessed Invention A most significant invention; no server farms w/o air conditioning $$ Jul 11, 2012
  • Interesting posts at Pepsico blogs in how $PEP is trying to sell snacks in China & $$ Jul 11, 2012
  • Last Amateur Bannister Is No LeBron Chasing Olympic Ideal Last of the true amateurs, he breaks the 4-minute mile $$ Jul 11, 2012
  • Living Cells Show How to Fix the Financial System Healthy biological systems inspire economics systems $$ Jul 11, 2012
  • How the Mormons Make Money Really about how the Mormon “church” has significant businesses that make lots of money $$ Jul 11, 2012
  • Game Written by a 14-Year-Old Passes Angry Birds as Top Free iPhone App Bubble Ball popular & Mom helps out $$ Jul 09, 2012


Rest of the World


  • Banks play cat-and-mouse with Beijing to comply with rules Banks are the weak link of the Chinese economy $$ Jul 12, 2012
  • Hit at home, China’s ghost fleet sails high seas Are there any more ways to increase oversupply of shipping? $$ Jul 11, 2012
  • Canadian Banks Seen Superior by Regulator Surviving Global Shock When housing prices fall in Canada will b tested $$ Jul 11, 2012
  • Eric Schmidt: The Great Firewall of China will fall You can’t build a sophisticated economy… w/active censorship $$ Jul 10, 2012
  • Norway Banks Under Pressure as Asset-Bubble Risks Swell Norwegians have never had such a high % of debt/net income $$ Jul 09, 2012
  • Tokyo Considers Buying Islands China Claims Another potentialflashpoint in Asia, though war is impossible 😉 $$ Jul 09, 2012




  • Contra: The problem with ‘structural’ explanations for U.S. unemployment Foreign competition limits job creation $$ Jul 11, 2012
  • Low-Paid Grads On Tight Budgets Switching to Discounters B4 going to college, ask what future employers might like $$ Jul 10, 2012
  • Murdoch, Moguls Head to Sun Valley as Mobile Shapes Media Content is King, can u squeeze dat onto my dinky device? $$ Jul 10, 2012
  • Fracking claims an unusual victim $PCX $$ RT @BloombergNews: BREAKING: Patriot Coal Bankruptcy Filing Said To Come as Soon as Today Jul 09, 2012
  • Patent ‘Troll’ Tactics Spread Tour through grand diversity of games companies play w/patents 4 offense & defense $$ Jul 09, 2012


Finance Companies


  • SAC’s Cohen Joins Loeb Starting Reinsurer for Capital Adv: Captive $$. Disadv: Can lose $$ if underwriting is poor 🙁 Jul 10, 2012
  • JPMorgan Silence on Risk Model Spurs Calls for Disclosure Banks should share their risk modelsw/regulators yearly $$ Jul 10, 2012
  • Indentured Students Rise as Loans Corrode College Ticket Students tricked into debt-slavery “pursuing their bliss” $$ Jul 09, 2012
  • Price of Plastic Going Up? Merchants May Get Surcharge Rights Will make4interesting competition & ppl hold more $$ Jul 09, 2012




  • Commented on Banks Defend Against Libor Lawsuits By Asking “Libor? Who Uses Libor, Anyway?” / Dealbreaker Jul 13, 2012
  • Fun fact: Take the current $VIX, divide it by the square root of 52. That’s the market’s one standard deviation forecast for the next week Jul 12, 2012
  • RT @EddyElfenbein: Fun fact: Take the current $VIX, divide it by the square root of 12. That’s the market’s one standard deviation forec … Jul 12, 2012
  • “Very low value analysis. Did a computer write this?” — David_Merkel $$ Jul 12, 2012
  • “Banks feel more confident to foreclose when they can sell the property for a small loss at worst.” — David_Merkel $$ Jul 12, 2012
  • ““Everyone needs to lighten up.” No, everyone needs to *tighten* up, and respect the rights of the…” — David_Merkel $$ Jul 12, 2012
  • “On the new highs list, look at all the bond CEFs, ETFs, preferreds, etc. Everyone is grabbing income!” — David_Merkel Jul 11, 2012
  • @Royal_Arse @LDrogen definitely think it doesn’t make sense LT, but long Tsy yields could go lower b4 a rather nasty whippy reversal $$ Jul 11, 2012
  • low quality $$ RT @jsphctrl: It’s unconventional, certainly. (Bloomberg:) *Urpilainen: One Collateral Option Is Shares From Spanish Banks Jul 11, 2012
  • @LDrogen with interest, even $JNK made $$, I’m not saying it is the only signal, but $TLT shows a demand4long certain cash flow FD: +TLT Jul 11, 2012
  • @LDrogen 1 yr price return only $JNK -2%, $LQD +7%, $TLT +32%. I would argue that indicates economic weakness FD: +LQD, +TLT 4 me&clients $$ Jul 11, 2012
  • “I think they are dreaming. China overbuilt its steel industry & they are losing $$ now.” — David_Merkel Jul 11, 2012
  • @izakaminska @TheStalwart Problem happening w/Danish bonds also Ppl willing 2 lock in a loss 2 prevent larger loss $$ Jul 11, 2012
  • “Because those that are politically powerful in Europe have their own Swiss Bank accounts. Can’t…” — David_Merkel $$ Jul 11, 2012
  • +1, we r starved 4 news $$ RT @Fullcarry: FED minutes today probably not that important since BB had a presser after the meeting. Jul 11, 2012
  • Cat bond sales double in H1 More alternative reinsurance capacity. Diversifies junk portfolios; invites catastrophes $$ Jul 10, 2012
  • @historysquared trouble is, few cat bonds have ever triggered, looks like free $$ to many HY bond mgrs, terms will tighten 2deliver losses Jul 10, 2012
  • When I look at the data for 3/13/06, Barclays actions had no effect on 3M LIBOR. It was excluded from the… Jul 10, 2012
  • “Life actuaries reveal their models annually to the regulators, though not to the public. The same…” — David_Merkel $$ Jul 10, 2012
  • @randomroger Congratulations on the AdvisorShares Global Alpha & Beta, Roger! $RRGR $$ Jul 09, 2012
  • ‘ @Nonrelatedsense 4 mkt val measures: Q-ratio, CAPE10, Price-Resources (Michael Alexander), & @eddyelfenbein ‘s stocks as a bond measure $$ Jul 09, 2012
  • “P/E has been an unreliable measure of value for the market as a whole. Why rely on it?” — David_Merkel $$ Jul 09, 2012
  • Commented on The Economist | The LIBOR scandal: The rotten heart of finance Jul 08, 2012
  • Commented on The Economist | The LIBOR scandal: The rotten heart of finance Jul 08, 2012