Sorted Weekly Tweets




  • Six ways big banks screwed Grandma Poorly argued. It’s as if LIBOR could be manipulated without reaction. $$ Jul 28, 2012
  • Fidelity Joins BlackRock in Weighing Libor Action Against Banks This isn’t as easy as it seems; much 2 prove $$ Jul 26, 2012




  • Draghi Said to Hold Talks With Weidmann on Bond Purchases If the Buba plays ball, the sky is the limit. $$ #inflation Jul 28, 2012
  • Draghi Says ECB Will Do What’s Needed to Preserve Euro Uncertain that the ECB will buy lots of Italian & Spanish debt Jul 26, 2012
  • Europe Is Cheap—So Why Can’t I Pull the Trigger? Wait until things stop getting worse $$ Jul 25, 2012
  • Spanish, Italian Notes Rise on Bets for ESM Enhancement “The idea of making the ESM a bank is a game changer,” $$ #no Jul 25, 2012
  • Spain to struggle to fund 2012 debt crunch How long until the next last minute rescue? 10-yr yields over 7.5% $$ Jul 25, 2012
  • Europe Stymies Private Equity as Corporate Buyouts Stall If the banks won’t lend, private equity deals don’t fly $$ Jul 24, 2012
  • Hollande Transaction Tax Drives Investor Quest for Loopholes New trans tax drives investors2use contracts4difference Jul 24, 2012
  • Euro-Zone Government Debts Hit Record Govt debt / GDP 4 whole E-Zone goes from 87.3% @ 12/11 -> 88.2% @ 3/12 $$ Jul 24, 2012
  • Greece Back at Center of Euro Crisis as Spain Yields Soar IMF/Core begins to doubt ability to hold it together $$ Jul 23, 2012
  • YIKES: Spanish Yields Are Surging To Record Highs Time 4 the Germans to buy summer homes in Spain $$ #evercloserunion Jul 23, 2012


US Politics


  • There. MMF reform that works, fit into a single tweet. $$ 🙂 Jul 27, 2012
  • Let MMFs keep a stable NAV, pass through losses thru unit reduction if real NAV<.995, reset real NAV @ 1.0025. Runs would strengthen NAV $$ Jul 27, 2012
  • Why Investors Are Dumping Money Market Funds For Short-Duration ETFs My point: treat MMFs like modified ETFs $$ Jul 27, 2012
  • Maryland Governor Defends ‘Millionaires’ Tax’, Denies Job Losses Can bend rules, since MD is next 2 DC, which slurps $$ Jul 27, 2012
  • Drilling Strains Rural Roads Simple solution: tell energy companies you will not repair roads. They will do it $$ Jul 27, 2012
  • Treasury Eyes Funds Hidden Overseas IRS goes after foreign trusts, seems 2ba piddling amount of money 2 go after $$ Jul 27, 2012
  • Wrong: How2Break NRA’s Grip on Politics: Michael R. Bloomberg The Ethanol lobby is a lot weaker than the gun lobby $$ Jul 27, 2012
  • Estate Tax: Ezra Klein is Wrong! Never trust anyone whose profession starts w/an “A.” 😉 Accts, Attys, Advisors &c $$ Jul 26, 2012
  • Making the Rich Poorer Doesn’t Enrich the Middle Class The govt exists to grow itself until we die. Sad but true $$ Jul 26, 2012
  • The gender wage gap is a myth Diana Furchtgott-Roth makes the same case that many economists have since the 70s $$ Jul 26, 2012
  • New Geithner disclosures further cloud his record Geithner was point man 4the Fed on derivatives. Dropped ball $$ Jul 26, 2012
  • Justice Scalia Disputes Accuracy Of ‘Leak’ Wide-ranging interview of Scalia, whose juridical impact may outlive him $$ Jul 25, 2012
  • Former Citigroup CEO Weill Says Banks Should Be Broken Up Good, he changed his view, my view changed on that also $$ Jul 25, 2012
  • 10 Everyday Items That Cost Way More Because of US Taxes Interesting list, mostly comprised of protectionist taxes $$ Jul 25, 2012
  • The hidden Mitt Romney Romney & Obama have one thing in common: the more you know about them, the less you like them $$ Jul 24, 2012
  • Romney to Attack Obama on Leaks, Defense Cuts “the greatest force for good the world has ever known” US naivete $$ Jul 24, 2012
  • Scalia Offers Up 57 Varieties for Interpreting Legal Texts His manifesto on originalism/textualism $$ Jul 23, 2012




  • Lies, Damned Lies, and China’s Economic Statistics I have some skepticism to US statistics, how much more China? $$ Jul 27, 2012
  • Xi Jinping Millionaire Relations Reveal Fortunes of Elite Communist Party members have access2loans & IPO allocations Jul 27, 2012
  • Capital Outflows Chime With China’s Bears “any currency exchange >$2,000 needs to have a prior reservation made.” $$ Jul 25, 2012




  • Alierta Abandons Dividend Penchant to Save Telefonica Now more interested in $TEF, good cashflow, div shld resume $$ Jul 26, 2012
  • Unilever Warns of Worsening Economy Global economy is weak, even for staple goods. $$ Jul 26, 2012
  • Zynga’s ‘Draw Something’ Isn’t a Pretty Picture Always be wary of fads that have no balance sheet $$ Jul 26, 2012
  • Sanofi Dengue Vaccine Is Promising Good news. Perhaps Dengue Fever may be conquered for the good of mankind $$ Jul 26, 2012
  • Industrias Bachoco Announces Second Quarter 2012 Results Tough read, Q looks good, US acq prob paying off FD:+ $IBA $$ Jul 25, 2012
  • Assurant Reports Second Quarter 2012 Financial Results FIring on all cylinders, & shrinking share count FD: + $AIZ $$ Jul 25, 2012
  • Warren Buffett: Great Investor, Lousy Insurance Salesman? Poor article; Buffett is very intelligent insurance exec $$ Jul 25, 2012
  • link 4 last tweet: You could short the 2.6% bonds and go long default protection for an almost risk-free profit. $$ Jul 25, 2012
  • Someone Is Getting Really Nervous About HP’s Debt If you look at bonds vs CDS, bonds aren’t panicking. FD: + $HPQ $$ Jul 25, 2012
  • Contra: Campbell Chases Millennials With Lentils Madras Curry @ $3/pouch I don’t c a mkt 4 gourmet instant soup $$ Jul 24, 2012
  • Google buys Sparrow for ‘new Gmail project’ Sell your company 2 $GOOG 4 $$ . Get new tasks while old technology dies Jul 24, 2012
  • Iraq blacklists Chevron for Kurdish oil deals Not as big as it seems $CVX has no biz in Arab Iraq $$ FD: +CVX Jul 24, 2012


Rest of the World


  • North Korean Mystery Woman Is Leader Kim Jong Un’s Wife I find it optimistic that he wants to live a normal life $$ Jul 26, 2012
  • Global economy’s cure is worse than the disease Indirectly suggests the best policy would be benign neglect $$ Jul 25, 2012
  • Cyber Attacks on Activists Traced to FinFisher Spyware of Gamma Practice safe computing; scan for rogue processes $$ Jul 25, 2012


Public Radio


  • Public Radio International acquired by Boston public broadcaster WGBH Interesting when a non-profit corp gets bought $$ Jul 26, 2012
  • If it is the same, could NPR or the Corporation 4 Public Broadcasting sell out also? Buffett could give them a good home. Or the Kochs 😉 $$ Jul 26, 2012
  • Grew up in the insurance world, so I’ve seen non-profit (mutuals) buy another mutual or stock company, but is it the same w/WBGH buying PRI? Jul 26, 2012
  • Renaming 2 Private Radio International 😉 RT @timjeby: Big Public Radio News: WGBH in Boston to acquire Public Radio International #pubmedia Jul 26, 2012


Municipal Bonds


  • For further reading consider: Some perspective on the recent California bankruptcies by @munilass aka Bond Girl $$ Jul 26, 2012
  • Muni Blues Worry Investors Municipalities aiming4 strategic default face challenges in courts; favor bondholders $$ Jul 26, 2012
  • Some perspective on the recent California bankruptcies @munilass on how unusual wud b4 muni bonds 2not pay principal $$ Jul 24, 2012


Federal Reserve


  • Bernanke the unready Fed is impotent, but can’t admit it. Bernanke is wrong on monetary policy near 0%. $$ Jul 26, 2012
  • Fed strives to replenish depleted toolkit Doing the same thing, over & over again, but expecting different results $$ Jul 25, 2012
  • Fed Sees Action if Growth Doesn’t Pick Up Soon Doing the same thing over&over again&expecting different results $$ Jul 24, 2012
  • Coming: The End of Fiat Money Nice try. Lot of good stuff 2 read here, but no clincher 4 the return of gold $$ Jul 23, 2012


US Housing


  • By October of 2005 the prices of residential real estate peaked, which led to most of the leverage unwind that was about to happen. $$ Jul 25, 2012
  • Office of Financial Research Annual Report Pp 8-9, first difficulty: by 2005 it was too late to stop the crisis $$ Jul 25, 2012
  • Is This What a Housing Bottom Looks Like? Lazy recovery, as people sell when they can avoid losses $$ Jul 27, 2012
  • Wrong: Reverse mortgages as popular as IRAs in 10 years Must have equity & creditworthy rev mtge lenders. Complex 2 $$ Jul 25, 2012
  • Home Values Post First Year-Over-Year Increase Since 2007 Prices rising on the low end; higher priced problematic $$ Jul 24, 2012
  • Subprime Rally Building as Dealers Sop Up Supply Combination of yield lust & rising housing prices drive up bonds $$ Jul 24, 2012




  • Pig Tissue Seen Fixing Injury That Sidelined Lin New tech uses pig tissue undoes painful damage from torn meniscus $$ Jul 27, 2012
  • Can a Food for Cows Make Healthier Snickerdoodles? Adding some DDG 2baked goods adds protein & fiber, good yes? $$ Jul 26, 2012
  • Closing In on a Cure for Vision Loss Testing “gene therapy, stem-cell therapy & a modified version of vitamin A” $$ Jul 24, 2012
  • Will the world’s greatest startup machine ever stall? Long interview w/President of Stanford re Silicon Valley ties $$ Jul 24, 2012
  • Breadbaskets of Last Resort See Once-in-a-Lifetime Prices Focuses on upper Midwest; great time to have good corn $$ Jul 24, 2012
  • MIT Researchers’ `Cool’ Idea Way cool, allowing 4 cheaper, better milk in rural areas where power is spotty. $$ Jul 24, 2012
  • Contra: The One Capitalism That Dare Not Speak Its Name State Capitalism more prone 2 bubbles than laissez-faire $$ Jul 24, 2012
  • America’s Energy Situation In 15 Maps Refining, production, prices, intl concerns, natgas, crude, coal, solar, wind $$ Jul 23, 2012
  • THE DEFINING DECADE: Why You Can’t Afford To Waste Your Twenties Early success compounds; so does early failure $$ Jul 23, 2012
  • Lobbying Works! Big Spenders Reap Big Stock Gains Says Trennert But what happens if the US Government has to shrink $$ Jul 23, 2012
  • Who Really Invented the Internet? Many did, & they were standing on the shoulders of giants. $$ #ittakesavillage 😉 Jul 23, 2012


Market Dynamics


  • Fidelity Targets Securities Lending The buyside is beginning to fight back against the trust & investment banks $$ Jul 27, 2012
  • Study: High-Speed Trading Hurts Long-term Investors This probably affects those w/higher turnover more $$ Jul 27, 2012
  • Currencies: from Nullifying to Negative What is the game? To make money, or avoid losing a lot? Neg int rates a pain $$ Jul 25, 2012
  • Bond Trading Loses Some Swagger Amid Upheaval Except 4 the most liquid corporates, need broker2find liquidity/bonds $$ Jul 25, 2012




  • Our Olympic Gold in Wit $$ RT @TheLondonWhale: RT take a bow @ReformedBroker: Switzerland tough to beat in gold vaulting Jul 28, 2012
  • “Cultural change cannot be achieved by outsiders, in 1 generation, no matter how much $$ gets spent.” — David_Merkel Jul 27, 2012
  • @brettsimonson Think the direction I would have headed was public policy, which involves a finer view of asset/liab mgmt, run avoidance etc Jul 27, 2012
  • @brettsimonson Hi Brett, no part 2 from what I can see. Very disorganized that week — no power for a week Jul 27, 2012
  • Ditto, well-deserved $$ RT @ReformedBroker: we love you, simone RT @SimoneFoxman: Yay, 5K! Thanks for following, everyone!! Jul 27, 2012
  • @munilass Also, if a kid was disconsolate for a while, before 2AM it was mine. After, it was hers. Jul 27, 2012
  • @munilass When the family was young, my wife & I had a deal. I took midnight feedings, she took the early morning feedings. Jul 27, 2012
  • @munilass My house works like this: I work late b/c it is quiet. My wife who homeschools the kids gets up early b/c it is quiet. Jul 27, 2012
  • @munilass I know many classes of bonds and other fixed income instruments. But I only know enough about munis to be dangerous. Thus I ask. Jul 27, 2012
  • @munilass Decided to review the book “Investing in the High Yield Municipal Market” by Triet Nguyen. If I have Qs, can I ask you? Jul 27, 2012
  • @e_d_sanders Both parties stand for different shades of nothing. They give rhetoric to their bases, do little, and cling to power. $$ Jul 27, 2012
  • RT @Convertbond: Sell the US equity rally hard when Spain’s 2s \ 10s curve starts to re-flatten #Government #Bonds 2 year & 10 year … Jul 26, 2012
  • “”Of course this food is organic. We used Organic Chemistry to create it.”” — David_Merkel $$ $DF Jul 26, 2012
  • Happy 2b your 1st subscriber $$ RT @SNLFinancial: Follow SNL Financial reporters so you’re always in the know: Jul 26, 2012
  • “Why we need to dismantle the Democrat & Republican parties: the national budget slaves for local interests” Merkel $$ Jul 26, 2012
  • A weather forecaster for either WBAL or WTOP said that Maryland gets a derecho once every 5-10 years. Two in one year? Hope not. $$ Jul 26, 2012
  • Just what we need, another derecho $$ RT @BloombergNews: Severe storms, possible derecho forecast for Northeast US Jul 26, 2012
  • RE: @bloombergview Not worthy to be read $$ Jul 26, 2012
  • RE: Loads of 12% coming out mean that only 88% of the money is going to work for the investor.  Doesn’t matter where … Jul 26, 2012
  • Commented on The Economist | Monetary policy: Bernanke the unready Jul 26, 2012
  • “Marriage civilizes, & gives us some hope that he will normalize N. Korea. He lived outside NK 4…” — David_Merkel $$ Jul 26, 2012
  • RT @ReformedBroker: RT @jamielissette: *MOODY’S CHANGES OUTLOOK ON 17 GERMAN BANKING GROUPS TO NEGATIVE Jul 25, 2012
  • “For what it is worth, that’s the way Canada does it. Income taxed @ FMV @ death. No estate tax.” — David_Merkel $$ Jul 25, 2012
  • RE: @CSMonitor The book “Hungry Ghosts” documents The Great Leap Forward very well. Worth a read. $$ Jul 25, 2012
  • “It would be cleaner to tax unrealized capital gains at death, and eliminate the estate tax.” — David_Merkel $$ Jul 25, 2012
  • “Rating agencies are supposed to be behind the curve. They rate over the full credit cycle…” — David_Merkel $$ Jul 25, 2012
  • @e_d_sanders He could have included 1 or 2 more words & it would have been crystal clear. I think the ambiguity was deliberate. I cud bwrong Jul 25, 2012
  • “Don’t open suspicious attachments. Use procexp to review processes. Disable processes you can’t…” — David_Merkel $$ Jul 25, 2012
  • “When computers screen applicants, a skills shortage emerges. Computers seek current perfection, not…” David_Merkel $$ Jul 25, 2012
  • “A case where so many things went wrong, it is amazing that they almost won. Really, they were…” — David_Merkel $$ Jul 25, 2012
  • @e_d_sanders I’m voting third party; I don’t like the GOP either; it’s obvious that no one man builds infrastructure; not a point 2 make Jul 25, 2012
  • @e_d_sanders It’s not a misquote. Read the two paragraphs in context; he is downplaying individual initiative. Jul 25, 2012
  • @havocp I copied the quote from the WH website. Given what O said in the above that, both interpretations are legitimate. Could b clearer. Jul 25, 2012
  • @havocp and I appreciate your comment. I like those that comment, and even those that disagree with me highly. Jul 25, 2012
  • @havocp Doesn’t matter to me. Concentrating effort is significant and deserves a reward, not condescension. $$ Jul 25, 2012
  • RT @pdacosta: Crisis contained, to inhabited areas. RT @SJosephBurns: “The Subprime Crisis will not affect the economy overall.” – Ben B … Jul 25, 2012
  • RT @ritholtz: WSJ reporting “Federal Reserve moving closer to action to spur growth” Bond buying, rate guidance, lower reserve rate amon … Jul 24, 2012
  • RE: @bloombergview You’re still going to need LIBOR, however calculated, for existing contracts. Replacement will be … Jul 24, 2012
  • “Ethics comes before competence. Doesn’t matter how good you are, if you are unethical. The…” — David_Merkel $$ Jul 23, 2012
  • RT @AmityShlaes: “The post office ought to be self supporting. At present business men are deluged with useless mail.” — Calvin Coolidg … Jul 22, 2012
  • @niubi No, b/c many babies do not sleep through the night @ 3 months Jul 21, 2012
  • If I could ship the rain in Maryland 2 the Midwest, I would. But Maryland farmers r having a good year. Corn looks normal & prices r high $$ Jul 21, 2012