Sorted Weekly Tweets

Politics & Policy


  • Was the Budget Deficit Worth the Fight? Budget deficits are an assault on the quality of our money & savings $$ @carney Nov 24, 2012
  • None Dare Call It Default A nicer term for what’s about to sock the middle class is ‘entitlement reform.’ $$ Nov 24, 2012
  • Judge Pens New Bankruptcy Chapter US BK Court Judge Thomas Bennett takes on the Jefferson County, AL Ch 9 filing $$ Nov 24, 2012
  • Banks reportedly lining up against Elizabeth Warren committee spot & I say give her a chance $$ Nov 21, 2012
  • Globalism goes backward As global growth slows, so does its handmaiden, globalization. $$ Nov 21, 2012
  • 2013 Looks a Lot Like 1937 in 4 Fearsome Ways Pre-election spree, post-reduce deficit, class war, prior laws bite $$ Nov 20, 2012
  • FHA running out of money “We take the findings of the independent actuary very seriously…” loss reserves too low $$ Nov 20, 2012
  • Pension cuts could boost state’s Social Security costs If benefits drop below certain level, have 2 pay SS/Med taxes $$ Nov 19, 2012
  • Special Dividends Surge Fourfold as US Tax Increase Looms Last chance 2 reward shareholders w/low div tax rates $$ Nov 19, 2012
  • San Bernardino: How California law, police/firemen, CALPERS, dysfunctional politics, & bad pension acctg rules killed Nov 19, 2012


Monetary Policy


  • Soros Buying Gold as Record Prices Seen on Stimulus Gold prices react2cost of carry; neg in real terms now $$ #zoom Nov 24, 2012
  • Paula Broadwell’s Radar Tracks Generals, Not Fed Bernanke’s/Yellen’s ideas will crumble from stagflation $$ @cabaum Nov 24, 2012
  • Abe threatens to turn BOJ into an unlimited piggy bank for the government Eventually the real economy will rebel $$ Nov 21, 2012
  • It’s a Good Bet the Fed Doesn’t Know What It’s Doing Couldn’t pick a worse Fed 4 crisis: imagines it knows what 2 do $$ Nov 19, 2012




  • Hurdling H-P: Oracle Shows Way in M&A Point is $ORCL ‘s older deals have been productive, $HPQ ‘s not. $$ FD:+$ORCL Nov 23, 2012
  • H-P’s Deal Process Bypassed CFO Pre-Whitman Note that Cathie Lesjak opposed the Autonomy purchase. Smart lady $$ Nov 21, 2012
  • Goodwill Hunting @epicureandealmaker takes down a generally cruddy Bloomberg article on $HPQ & Goodwill accounting $$ Nov 21, 2012
  • Note to all writing about Hewlett Packard: the ticker is $HPQ, not $HP, which is Helmerich & Payne, which drills oil and gas wells $$ Nov 20, 2012
  • Ironic in many ways. HP should have been happy with their engineer-driven pre-Fiorina culture. It did a lot… Nov 20, 2012


Loose Monetary Policy Harms Fringe Nations


  • Debt Burden Adds to Won Gains in Crimping Korea Rebound Loose monetary policy creates debt bubble in S. Korea $$ Nov 24, 2012
  • S&P: Australia is Spain in waiting Heavily indebted financial systems can be like the snowpack prior 2 an avalanche $$ Nov 21, 2012
  • Prison of Debt Paralyzes West Government debt after a point does not stimulate, but perpetuates unproductive policy $$ Nov 20, 2012
  • Purple Palace Abandoned Shows China Shadow-Banking Risk China is like Japan 23 years ago: fearsome & malinvested $$ Nov 20, 2012


Rest of the World


  • Egypt Presidential Decree Sparks Protests Anyone surprised that the Muslim Brotherhood came out on top? State Dept Nov 23, 2012
  • Can Xi Jinping bring about the change China needs? Long article on the new Chinese leader; very tough road to travel $$ Nov 21, 2012
  • Pipeline Would Loosen Russian Stranglehold On European Natural Gas Supply Where there is a will there is a way $$ Nov 20, 2012
  • Misconstruing Germany Will Prove to Be Death of the Euro Germany won’t want a banking union; their banks have issues Nov 20, 2012
  • China unlikely to make shift to consumption, b/c it means granting freedom to the people & reducing party cronyism $$ Nov 20, 2012


Personal Finance


  • After Sandy damage, insurance adjusters may bring more bad news If odds of getting flooded > 1% get flood insurance $$ Nov 24, 2012
  • Tax Moves to Make Now Balanced piece; worth a read. Assumes we don’t go over the fiscal cliff: a deal is struck $$ Nov 24, 2012
  • Lenders Rev Their Engines Surge in Demand for Auto Loans Spurs Push Into Sector; Subprime Is a Big Draw $$ Nov 23, 2012
  • For ‘Credit Invisibles,’ A Market Takes Shape A blast from the past; using payment histories 2 establish credit $$ Nov 20, 2012
  • apparent mojo @researchpuzzler does homework, comes to correct conclusion on a tiny junk fund featured in the WSJ $$ Nov 20, 2012
  • Draining Away! Universal life policies suffer from low interest rates. B sure 2 check the gteed minimum rate $$ Nov 19, 2012




  • The Great Thanksgiving Hoax Strangers were the lazy ones; like the Hutterites the Saints could have made socialism work Nov 21, 2012
  • Archbishop Says Church Lost Credibility on Women Bishops The “laity” understands the Bible better than the priests $$ Nov 21, 2012
  • Why One Poll Says 45% Would Rather Skip Christmas Costs a lot; nativity means much to Christians, Christmas is made-up Nov 20, 2012
  • Windows 8 killed my PC No operating system should expect 2b equally good touch vs keyboard, tablet vs laptop, etc $$ Nov 20, 2012
  • Kill the Password: Y a String of Characters Can’t Protect Us Anymore Long but worth it; multifactor ID is the future $$ Nov 20, 2012


Market Dynamics


  • Kyle Bass gives it to us with both barrels Very long. Worth it if you want to see what he is up to in investing. $$ Nov 21, 2012
  • Mismeasurement of Pensions Before and After Retirement The full paper, & you don’t have to pay NBER a cent $$ Nov 19, 2012
  • In a Slow Market, Wait for Compelling Values Says Johnson Expects 5%-ish returns 2013; unusual 2 get small returns $$ Nov 19, 2012
  • Tech Sets Correction Course Largest sector of the market is feeling soggy, which does not bode well 4 the rest $$ Nov 19, 2012
  • Why Mutual Fund Guardians Are Failing Old/good article on the flaws of mutual fund governance; skewed incentives $$ Nov 19, 2012
  • Investment Falls Off a Cliff US Companies Cut Spending Plans Amid Fiscal and Economic Uncertainty; unstable policy Nov 19, 2012
  • Buy on the rumor, sell on the news $$ RT @BloombergNews: S&P 500 rises most in two months amid budget deal optimism | Nov 19, 2012


Other Companies


  • I know the basics on a lot of companies but is the first time I have heard of Schiff Nutrition International $SHF $$ Nov 21, 2012
  • Hostess Judge Sees Return to ‘Liquidation Scenario’ Twinkies will survive, but many who produce them will not $$ Nov 21, 2012
  • Hostess Seen Attracting Bids for Assets From Flowers The brands will get bought; the value is there, not in plants $$ Nov 19, 2012
  • Drillers Begin Reusing ‘Frack Water’ Energy Firms Explore Recycling Options 4 Industry That Uses Water Like Chicago Nov 19, 2012




  • Bad Headline: Wall St Kept Winning on Mortgages Upending Homeowners Most tricky mtges not originated by Wall St $$ Nov 19, 2012
  • Wrong: S&P 500 in Cheapest Bull Market Since Ronald Reagan When will they learn *not* 2 use P/E 4 mkt valiuation? $$ Nov 19, 2012




  • @PlanMaestro Thanks — missed that. Nov 23, 2012
  • @PlanMaestro I just can’t believe the 1.5 Billion figure for the Earth’s carrying capacity; even the Club of Rome is more optimistic, no? Nov 23, 2012
  • “How many lines can be drawn in a 2D plane such that they are equidistant from 3 non-collinear points?” 3… Nov 23, 2012
  • Grantham is outside of his skill set here, and should be ignored. Also, global population will top out at… Nov 23, 2012
  • Nothing against Bill McBride. He deserves praise from all of us. There are three missing pieces though, and… Nov 21, 2012
  • . @Dvolatility H-P CDS Curve Flattens on Write-Down Early buyers of $HPQ protection made decent money, late less $$ Nov 21, 2012
  • @Dvolatility $HPQ CDS spreads did forecast the spread widening, but not the magnitude. It also forecast the stock price move also $$ Nov 21, 2012
  • @japhychron @TFMkts @dvandeventer @Dvolatility Or, does the negative tangible book have an impact on modeling? $HPQ $$ Nov 21, 2012
  • “You can count beans and trace them back to their sources, good. But can you adequately question the…” $$ David_Merkel Nov 21, 2012
  • @dvandeventer @Dvolatility Any read on the level 5Y CDS is trading at? Used to have a BBG terminal, but don’t now… Nov 21, 2012
  • @Dvolatility Where does the $HPQ CDS trade now? Nov 21, 2012
  • @qusmablog Much of the world has to go through a “failure cycle” before “normal growth” can reboot. Many entrenched interests don’t want it. Nov 21, 2012
  • @Nonrelatedsense @researchpuzzler Also not good for the WSJ 2 write about a small fund w/short track record… bigger problem $$ Nov 20, 2012
  • @Nonrelatedsense @researchpuzzler Apologies, Chou Income did beat the Barclays Agg since inception Carry does it $$ Nov 20, 2012
  • @CEOofmyFUTURE longer term measures like the Q-ratio, CAPE10, Price to resources, & Hussman has a measure also Nov 19, 2012
  • @BloombergNews Who’s in charge of this page: They changed it last week and made it less useful $$ Nov 19, 2012




  • Notable & Honorable $$ RT @Nati2de: Larry Hagman was married to the same woman since 1954. Impressive, especially for a Hollywood actor. Nov 24, 2012
  • Growth comes when capital, labor & resources have fair prices RT @BloombergView: Greece needs growth, not austerity | Nov 21, 2012
  • RT @retheauditors: #1 cause of accounting fraud is revenue recognition issues and #1 industry for accounting fraud is technology/softwar … Nov 20, 2012
  • Gracias, no se habla $$ RT @besanson: #FunAndFinance Interest Rate Swaps and LIBOR in 5 minutes // Thanks or RT Nov 20, 2012
  • Torture data until it confesses something $$ RT @Alea_: Does “Statistical Significance” Imply “Actually Significant”? Nov 20, 2012
  • RT @finemrespice: The Federal Housing Administration stands against all prior biological evidence that primates are capable of forming m … Nov 19, 2012
  • Buy on the rumor, sell on the news $$ RT @BloombergNews: S&P 500 rises most in two months amid budget deal optimism | Nov 19, 2012


Blog News


  • My week on twitter: 75 retweets received, 4 new listings, 50 new followers, 92 mentions. Via: Nov 22, 2012