Sorted Weekly Tweets




  • Indebted Valencia asks Spain government for help, markets jolted Better to let a region fail, than bail them out $$ Jul 21, 2012
  • Favoring the French, a lesson in perception from bonds France’s advantage: big, which is weak 4 creditworthiness $$ Jul 21, 2012
  • Estonia is admirable for their courage, though I can’t imagine why you would want to be part of the Eurozone NOW $$ Jul 20, 2012
  • Krugmenistan vs. Estonia Post private debt bubble, Estonia froze pensions, lowered govt wages ~10% & + VAT by 2% $$ Jul 20, 2012
  • Demand for Spanish Debt Continues to Evaporate Piecemeal solutions continue to fail as 10-year rises over 7% $$ Jul 19, 2012
  • Merkel Says Bailout Liability Undecided “We always get the majority we need,” Ms. Merkel said. $$ Jul 16, 2012


US Economic Policy


  • FSOC Supports Overhaul to Trim Risk of Money-Market Runs Federal Govt owned by the banks, who want to axe a rival $$ Jul 21, 2012
  • Let States Do the Tax-Collecting Dirty Work States could decide how to tax & remit to the Feds. +1 $$ Jul 21, 2012
  • How the Elites Built America’s Economic Wall Interesting take on how some “blue state” policies promote inequality $$ Jul 20, 2012
  • Treasury Auctions 10-Year TIPS at Record Low Negative Yield Lock in a loss against CPI to avoid a poss bigger loss $$ Jul 20, 2012
  • The Coming Defense Crack-Up If it forced us to reprioritize Defense & other Federal spending, could b good thing $$ Jul 19, 2012
  • D&R parties are rival teams @ same country club $$ RT @ampressman: @AlephBlog Yeah, who else would do such a thing? Jul 19, 2012
  • The GOP’s Solyndra Wing Republicans who love corporate welfare; this is not merely a problem of the Democrats $$ Jul 19, 2012
  • Post Office Might Miss Retirees’ Payment Draining pension funds is a stopgap, not a real solution. Raise prices. $$ Jul 19, 2012
  • QE, negative yields and the paradox of thrift QE not only raises asset prices, but liability values as well $$ #fail Jul 18, 2012
  • At a Wharton conf 22 years ago, I said neg rates were possible b/c of deflation combined w/need to pay to store cash. Instructor laughed. $$ Jul 18, 2012
  • U.S. Public-Pension Shortfall $4.6 Trillion, Budget Group Says Probably a little high; Tsy discount rates severe $$ Jul 18, 2012
  • How Much Could States Benefit From Online Sales Tax? Would bail out a decent amount of many states’ deficits $$ Jul 18, 2012
  • Wrong: Industrial Production in U.S. Rises in Sign of Resilience Data revisions > current period estimates beat $$ Jul 17, 2012
  • Ponzi Scheme? Cities r going BK b/c they didn’t adequately project their funding needs—will community ass’ns b next? $$ Jul 17, 2012
  • Calpers Misses Big on Investment Target Assets < Liabs; A: +1% L: +7.5, plus val adj from 7.75%. Assets <<< Liabs $$ Jul 17, 2012
  • Romneyconomics – Good but incomplete Generally agree, but shoddy logic in the middle about GDP & debts $$ Jul 16, 2012
  • Treasuries Doomsday Is Four Years Away for Vanguard Vanguard is largest private owner of US debt @ $148 billion $$ Jul 16, 2012




  • I get amused when people misspell Warren Buffett’s name as Buffet. But a high profile organization: @Bloomberg? $$ Jul 20, 2012
  • New Sleeping Pill Thwarts Brain’s Up-All-Night Neurons $MRK Blocks a tiny group of receptors that keep body alert $$ Jul 20, 2012
  • Fore Sale On the plunging prices for houses where you also have to pay annual membership dues for the golf club $$ Jul 20, 2012
  • Task named editor in chief of Yahoo Finance Congratulations 2 @atask ! Great job @ important financial web resource $$ Jul 19, 2012
  • New Yahoo CEO Mayer is pregnant Happy for the couple; risk to put off kids into late 30s; hope her delivery is easy $$ Jul 17, 2012
  • Contra: The Secret Behind Romney’s Magical IRA Misses preferred shares & valuation issues; better work elsewhere $$ Jul 16, 2012


Rest of the World


  • Japanese Consumers Reconsidering Rice Loyalty Food grown in Japan is suspect since Fukushima; foreign rice limited $$ Jul 20, 2012
  • Fast slowdown $$ RT @Thevalueteam: China’s steel and concrete sectors are indicative of something potentially wrong ^KM Jul 17, 2012
  • China’s Version of ‘Too Big to Fail’ Never knew China had a CDO mkt; also suggests a private equity bubble in China $$ Jul 16, 2012


Market Dynamics


  • Here’s Another Indicator Pointing Toward Recession Sharp cuts in earnings estimates indicate a recession coming $$ Jul 21, 2012
  • Mortgage Bonds Yield Hopeful Signs on Housing Recovery A lot of disagreement over proper credit loss assumptions $$ Jul 20, 2012
  • Plotting a Securitization Sequel Don’t think securitizing rental payments will work. no property behind cashflow $$ Jul 20, 2012
  • Economic Fears Hurting Obama, Poll Indicates No surprise, there are few policies that work against debt deflation $$ Jul 20, 2012
  • Everyone Hates Treasurys Now That’s what makes it such a great trade @carney, w/many needing2invest 4 long liabs $$ Jul 20, 2012
  • Passel of articles on LIBOR-like scandals & & Damages hard2prove $$ Jul 19, 2012
  • Failing to Connect the Boom to the Bust Surges in debt r associated w/booms in asset prices, vice-versa 4 busts $$ Jul 19, 2012
  • CMBS Leverage Most Since ’07 as Standards Loosen 4a long time I was a realtive fan of CMBS, but now I say: AVOID $$ Jul 18, 2012
  • They got hit by the shalestorm $$ RT @PlanMaestro: Wilbur Ross Says U.S. Coal Is Facing Years Of Headwinds Jul 17, 2012
  • Contra: Libor Flaws Allowed Banks to Rig Rates Without Conspiracy Does not proves its case; just hypotheticals $$ Jul 16, 2012
  • Negative Real Interest Rates: The Conundrum for Investment and Spending Policies Policies should follow nomnl yields $$ Jul 16, 2012




  • Marissa Mayer: Google’s Chic Geek Good background piece on new CEO of $YHOO. Q: Can a technologist make a good CEO? $$ Jul 16, 2012
  • Buffett Empowers Deputies by Raising Funds to $8 Billion Note: buying smaller companies than WB does but still big $$ Jul 16, 2012




  • @jake_f My original tweet stems from CMBS-like structures that did not fare well, b/c underlying property economics was too volatile $$ Jul 20, 2012
  • @jake_f That’s a good point; if they use that structure, could work, but will they have high enough “interest rates” to absorb losses? $$ Jul 20, 2012
  • @jake_f @DavidSchawel It’s probably a little of both; housing prices improving on low end, but there is a huge demand for yield now $$ Jul 20, 2012
  • @historysquared US paid down much of their debts post-WWII, inflated away more Jul 20, 2012
  • RT @AmyResnick: RT @SimonCYWong: Entertaining cartoon primer on #Basel 3: What it is & why it is needed via @fo … Jul 20, 2012
  • “We home school. We replace the teacher. Superior to the public schools because one-on-one…” — David_Merkel $$ Jul 19, 2012
  • “Good for you, KD. Glad you are safe, and powered. I grew up in Wisconsin, so I was used to the…” — David_Merkel $$ Jul 19, 2012
  • @jdstein I’m not saying those things aren’t in the LDS; those exist in other religions 2. It’s not what makes the LDS distinctive. Jul 19, 2012
  • @jdstein I am referring to the eighth and ninth paragraphs of the original article. Jul 19, 2012
  • RE: @bloombergview The virtues of Mormonism that the author thinks exist are not core to Mormonism. Romney knows well… Jul 19, 2012
  • @kyles09 I’m in the Austrian School w/slight modification from the Santa Fe Institute Jul 19, 2012
  • @Jesse_Livermore @PragCapitalist Total share to wages down, profits up, well known since 1990. Profit margins will mean-revert someday $$ Jul 19, 2012
  • @Jesse_Livermore @PragCapitalist Ok, I get it, though my wage figure is a little higher. Real GDP rising @ 2.5%/yr vs real avg wages @ 1%/y Jul 19, 2012
  • @Jesse_Livermore @PragCapitalist You might need to spill the calculation for me, I don’t see that. Jul 19, 2012
  • @PragCapitalist At least for the average, no not stagnant, maybe not as good as post WWII, & it might be worth looking at median vs mean. $$ Jul 19, 2012
  • @PragCapitalist and the CPI-U average is 2.51%, looks like about 1% real average wage growth, which doesn’t seem unreasonable. Jul 19, 2012
  • @PragCapitalist looking at the AWI tables, it has almost doubled over that period – 3.47%/yr compounded $$ Jul 19, 2012
  • RE: @marketfolly They are all ruling out a depression scenario. Long Treasuries continue to rally; very contrarian. Jul 18, 2012
  • RE: @bloombergview Thanks for the old news; trouble is, kids need downtime, and our schools aren’t very good — your … Jul 18, 2012
  • @stockspot2000 Interesting, have not seen evernote before. Thanks. Jul 18, 2012
  • @footnoted Pension and healthcare systems will not be able to fund the obligations; lesser benefits will be paid. $$ Jul 18, 2012
  • Could we audit the gold at Fort Knox, also? Amazing secrecy there. Jul 17, 2012
  • @mattyglesias Heard you on NPR this evening, please review because it explains Romney’s IRA strategies. $$ Jul 18, 2012
  • RE: @bloombergview Fail: you did not mention the preferred stock. You did not do your homework. This is a perfect e… Jul 16, 2012
  • @BarbarianCap I’m glad you like it; it works out to a minute per every 4 tweets — making it 1 of my shorter writing efforts for my blog $$ Jul 15, 2012
  • @BarbarianCap So far I have turned down a few book deals, mainly 4 time use reasons: asset management biz doesn’t support the family yet $$ Jul 15, 2012