Sorted Weekly Tweets

Before I give you the Tweets, I just want to tell you that I will be blogging  this fine accounting conference on IFRS/ US GAAP.  Those that want to attend at a discount can use this code Aleph10 to save 10%.  CFAs get a code that saves 20%.  I think the conference will be valuable, so I will be heading up to NYC on January 10th.  See you at NYSSA’s conference center near Times Square.

Now for the Tweets:

THE FISCAL CLIFF!!! AUGH!!!

 

  • The Fiscal Cliff Could Last Forever http://t.co/ay6gKOrc The upward curve in entitlement expenditures could make “fiscal cliff” normal $$ Dec 28, 2012
  • Fed Helps US Dance on Ceiling http://t.co/g2X0UijU Seiniorage revenue (stealth tax on savers) keeps the deficit lower than otherwise $$ Dec 27, 2012
  • Grand Bargain Shrinks as Congress Nears US Budget Deadline http://t.co/Dr2GCk6l No incentive 4 either side 2 do a deal $$ #shiftblame Dec 26, 2012
  • No Fiscal Cliff Deal Could Cause Jails To Release Inmates http://t.co/07gm3Drm We need less costly alternatives 2 incarceration $$ Dec 25, 2012
  • Campaign on US Debt Gains Steam http://t.co/CwdnN21X “4 the longest time, nobody cared, nobody listened-it was 15 years of irrelevancy.” $$ Dec 24, 2012
  • Cliff Would Strike Low Incomes Hard http://t.co/aEENGola Difficult 2 say who would b most affected if we went over the fiscal cliff $$ Dec 24, 2012

 

China

 

  • China Tightens Rules for Internet Users http://t.co/HRACEhue Problem: very difficult to enforce when u have so many users $$ Dec 28, 2012
  • Chinese Scholars Demand Communist Leaders Relax Their Grip http://t.co/1bdCHHDL They think another Cultural Revolution can’t happen?… $$ Dec 28, 2012
  • Billionaire Princelings Ruin a Chinese Vision http://t.co/mTHFPt8R Crony capitalism w/Chinese “Communist” characteristics ->princelings $$ Dec 28, 2012
  • 3rd&last long article on Chinese political succession: Xi Jinping Relations Reveal Fortunes of Some Elite in China http://t.co/iFz7e6dg $$ Dec 27, 2012
  • Heirs of Mao’s Comrades Rise as New Capitalist Nobility http://t.co/ALYa5e7V It’s becoming an aristocracy in China & will that last? $$ Dec 27, 2012
  • Defying Mao, Rich Chinese Crash the Communist Party http://t.co/UTcNO2oj Looong article on wealthy in China gaining political power $$ Dec 27, 2012
  • Too big to fail? China’s wealth management products stir debate http://t.co/UM5Z5vxr China gets its turn to decide: bailout or failure? $$ Dec 26, 2012
  • Bell tolls for Beijing’s Drum Tower homes http://t.co/SJrkVhXO Forced evictions from old homes to enhance a touristy area in Beijing $$ Dec 24, 2012

 

Michael Pettis

 

  • Pettis: …illicit money out of China totaled US$420 billion in 2010… 94% of the illicit $$ flows occur through mis-invoiced trade Dec 22, 2012
  • Wow. Pettis: Trade misinvoicing is the preferred method of transferring illicit capital from all regions except the MENA region Dec 22, 2012
  • Pettis: problem is the inexorable tendency of the current development model 2generate debt faster than it generates debt-servicing capacity. Dec 22, 2012

 

Rest of the World

 

  • Euro Zone Set to Continue Contraction http://t.co/rFOZlSjy Successful austerity eliminates much debt for small GDP losses; but this? $$ Dec 28, 2012
  • Cinnabon Finds Sweet Success in Russia, Mideast http://t.co/IFewJw5p Interesting print&video interview; they customize 2 local tastes $$ Dec 28, 2012
  • Putin Set to Sign Russian Adoption Ban http://t.co/ODMcwtTP The kindness of the wicked is cruel, Pr 12:10b $$ Dec 27, 2012
  • Betting on Yen to Fall Further in 2013? Think Again http://t.co/38zvTYmk Depends on how much expectations change in the race 2 the bottom $$ Dec 27, 2012
  • Iran Says ‘Irresponsible’ GCC Raises Regional Tensions http://t.co/Xqut7V9z Iran cries “foul” when the Sunnis take them seriously $$ Dec 26, 2012
  • GCC to Form Unified Military Command Amid Iran ‘Threats’ http://t.co/EBO0aaaW Great, not. The Sunnis join forces to fight the Shia $$ Dec 25, 2012
  • Norway Looks to Spread Wealth to US http://t.co/qsDYlE3o Norway’s SWF likes 2 buy irreplaceable real estate; lotsa kronor 2put 2work $$ Dec 25, 2012
  • Deciphering the Decline in Spanish Mobile Accounts http://t.co/ckXo2TT7 Mobile subscriptions usually 1 of last things to go when $$ tight Dec 24, 2012
  • Yen Weakens to 20-Month Low on Abe’s BOJ Pledge; Euro Up http://t.co/aEENGola The race to the bottom continues, w/Japan running hard $$ Dec 24, 2012
  • Looting Tests Leader in Argentina http://t.co/mhwSo7AG Yes, cry 4 Argentina. What should b a wealthy place suffers from bad leaders $$ Dec 24, 2012

 

Fixed Income & Real Estate

 

  • Housing Wealth and Wage Bargaining http://t.co/etoJ7w7A When people think they r going to lose their houses they get desparate $$ Dec 28, 2012
  • Gross Doubles New York Bet as California Loses Lead http://t.co/l0w0wBJr NY is less of a dirty shirt than CA $$ Keeps adding to Munis Dec 27, 2012
  • Mortgage-Bond Sales Soar on Fed’s Refinance Push http://t.co/xX7Do3TY “Sales of U.S.-

backed mortgage bonds soared to a three-year high” $$ Dec 27, 2012

  • A Banner Year for Riskiest Debt http://t.co/zdb83zAa End of Affair With Corporate Bonds http://t.co/rkb2jdtZ 2013 should b ok $$ Dec 27, 2012
  • Home Prices Hit a Milestone http://t.co/cwpVuhfn Nice Graphic: http://t.co/sQggRNj8 Portrait of a dead cat bounce $$ Dec 27, 2012
  • Home-Price Gains Pick Up as US Real Estate Market Rebounds http://t.co/8ZHWeMkU Too early to say much about this dead cat bounce $$ #mew Dec 26, 2012
  • ‘Hope Note’ Strategy Is @ Times Hopeless http://t.co/5TDgdL6z 0% certificate that if everything works perfectly, might get a recovery $$ Dec 24, 2012

 

Stocks, Industries, and Market Dynamics

 

  • Refiners Beating Exxon Join Pipeline Boom for Lost Margin http://t.co/VdzNxkn4 Oil Boom Spurs New Investment http://t.co/4pGXup4P $$ Dec 28, 2012
  • Look at this graph of Barrick Gold Corporation $ABX http://t.co/T4DD2JYU Is the main reason 4 underperforming $GLD rising mining costs? $$ Dec 27, 2012
  • ICE Chief Challenges Stock Views of Trading http://t.co/9OvrtlSF Now watch $CME buy out $NDAQ & we can transform mkts, but2 what end? $$ Dec 27, 2012
  • Garbage Time http://t.co/deDDfsmp @reformedbroker on the lack of liquidity/activity @ year-end. Every real player is looking forward $$ Dec 27, 2012
  • Gus Sauter is at the Vanguard of Roping In Trading Costs http://t.co/OtLi9XBk Sauter likes HFT, uses algorithms 2 lower Vanguard’s costs $$ Dec 27, 2012
  • SEC going high-tech with real-time trade data http://t.co/AWpNNDjd The SEC can get some really fancy tools, but can they use them well? $$ Dec 27, 2012
  • It’s Time for Cramer 2 Short His Show http://t.co/QZ4UUqFF Cramer invests differently than his show; show on how he invests would b dull $$ Dec 26, 2012
  • How to Tell When a Stock Buyback Is Good for Investors http://t.co/SnnQeDoV If price rises on the announcement, it is usually LT good $$ Dec 24, 2012
  • Retiring Vanguard CIO Gus Sauter Looks Back http://t.co/q9rUbE0L A true titan of mutual funds as Vanguard served clients, not Vanguard $$ Dec 22, 2012

 

Macroeconomics And the Fed

 

  • The Mythology of Chained CPI http://t.co/UbtRkVAF Better to cut benefits directly, & not b sneaky by making a technical adjustment $$ Dec 27, 2012
  • Puzzle of weak investment jeopardizes growth rebound http://t.co/7ya8nkks People & firms will not invest 4 the future if present is weak $$ Dec 27, 2012
  • Push for Cheaper Credit Hits Wall http://t.co/48PKxWSf Watch the Fed push on a string; my aren’t they diligent? $$ #untestedtheories Dec 24, 2012
  • Evans Won New Fed Consensus Linking Rates to Unemployment http://t.co/NOelrxXm One day we will call bad economic ideas “Evans.” $$ Dec 24, 2012
  • Usage: “Where did you ever come up with an Evans like that?” “I was so embarrassed for him. At the meeting, he uncorked a real Evans.” $$ Dec 24, 2012

 

Other

 

  • Curbs on Smokers Continue to Grow http://t.co/8APeHuzz I’m allergic 2 cigarette smoke, but we r disadvantaging smokers 2 much $$ Dec 28, 2012
  • Perfect 10? Never Mind That. Ask Her for Her Credit Score. http://t.co/LWb4B7lE Even true love can be thwarted by a lousy credit score $$ Dec 27, 2012
  • 2013 Threats Predictions from McAfee, 16 pages PDF http://t.co/atec8Hpm Introduction article here: http://t.co/LTcjeTxR Surf carefully $$ Dec 27, 2012
  • Anatomy of an Air Attack Gone Wrong http://t.co/EBt24vfj A botched attack on a terror suspect kills 12 civilians & destroys a community $$ Dec 26, 2012
  • Do Unmarried Poor Have Bad Values or Bad Jobs? http://t.co/ukj2Mg99 Only 57% of couples in the program were still together after 3 yrs $$ Dec 26, 2012
  • The Great Chicago Christmas Credit Card Fiasco of 1966 http://t.co/zKR9oFjr Figures it would happen in Chicago, a sandbox 4 corruption $$ Dec 25, 2012
  • NY, Unlike Most States, Treats Education Achievements & Even Talents as Property to Be Divided Between Spouses http://t.co/totejhuX $$ Dec 25, 2012

 

Comments & Replies & Retweets

 

  • Just had a great time w/ @japhychron & @Daily_Pinch $$ RT @japhychron: Getting ready to meet @AlephBlog @ Starbucks http://t.co/f7k3gCTY Dec 28, 2012
  • Gas. Large family only buys 7 gals milk/wk max $$ RT @fundmyfund: what would cause more distress for american households? $6 gas or $6 milk. Dec 28, 2012
  • @mattrixDOTinfo @fundmyfund We had eight (5 adopted) — we briefly maxed out @ 8 gals/week, only 5 @ home now but bigger, so 7 gals/wk 4 us Dec 28, 2012
  • Fiscal Cliff: Boo! Dec 28, 2012
  • RT @randomroger: Fiscal Cliff: Boo! Dec 28, 2012
  • @DavidSchawel Mostly a fair observation, the only exception is that if u think the economy will shift & u r right, the returns can b big $$ Dec 28, 2012
  • @tarhinitrade @ReformedBroker Sound money allows businessmen to be more rational & enterprising. Also, macroeconomists r pretend 2 know $$ Dec 28, 2012
  • @XacAngXiangYin You’re welcome. China is fascinating to me. Dec 28, 2012
  • Just bought: ‘Financial Fine Print: Uncovering a Company’s True Value’ by Michelle Leder via @amazon cc: @footnoted $$ http://t.co/VKc1jdRp Dec 28, 2012
  • ‘ @TheStalwart Yeah, watching $LLL run higher over the last few months. Glad I didn’t sell. FD: + $LLL $$ Dec 27, 2012
  • So far people don’t seem 2b panicking. $$ RT @Alea_: We’ve Already Gone Over the Fiscal Cliff http://t.co/LyzU2bqo from: @cabaum1 Dec 27, 2012
  • @jucojames Thanks, that helps. Dec 27, 2012

·  @dpinsen @footnoted The price of helium is ballooning ;) Dec 26, 2012

  • @TheStalwart Not much, man. Stocks are likely to sell of a little on the open. Bonds will rally a little. Dec 26, 2012
  • @BUDDIEE18 You have clever phrasing but you don’t have proof. Dec 26, 2012
  • ‘ @Jesse_Livermore @scott_matagrano I know one or two guys that do it professionally; I just don’t know how they get the borrow Dec 26, 2012
  • ‘ @BUDDIEE18 You may find this difficult to believe, but $TSM has a really strict policy against market manipulation for its writers Dec 26, 2012
  • ‘ @scott_matagrano Promoted penny stocks are better: -93%/yr if you can get a borrow. http://t.co/jJ79L4Ac Dec 26, 2012
  • “Given the predominance of S-T $$ in professional $$ mgmt, I think most smart $$ is slow $$. But if…” — David_Merkel http://t.co/04qie15E Dec 26, 2012
  • Excitement @ the Merkel house today: a water main breaks, brings 5 trucks & 10 men paid triple 2 avoid annoying relatives & icky food $$ Dec 25, 2012
  • Make that 6 trucks. De bossman jus showed up, so the fine art of sitting around ceases, & swing around in2 what is loosely called action $$ Dec 25, 2012
  • @rudibest Reminds my of an article I wrote in 2009 called, “Voted for Change, Got Bush-Plus” & it has only been more so since then $$ Dec 24, 2012
  • Well said. The law was against them from the start $$ RT @munilass: Congratulations @CalPERS on your new status as Just Another Creditor Dec 22, 2012

 

 

Wrong

 

  • Wrong: High-Frequency Trading Prospers at Expense of Everyone http://t.co/jG4mgsRt This just looks like intelligent arbs doing business $$ Dec 27, 2012
  • Wrong: People Hate Losses & That Affects US Budget Talks http://t.co/uDNqcQeE Not good logic. More like envy 2 deny other side a win $$ Dec 25, 2012
  • Americans Miss $200 Billion Abandoning Stocks http://t.co/vO4s2t4S Better H/L: Open end Mutual Fundholders Miss $200B Abandoning Stocks $$ Dec 24, 2012
  • Wrong: India’s Unfinished Journey to Economic Success http://t.co/CnJ7I69y Gary Schilling’s musings on India in need of cultural reform $$ Dec 22, 2012

 

FWIW

 

  • My week on twitter: 53 retweets received, 57 new followers, 33 mentions. Via: http://t.co/SPrAWil0 Dec 27, 2012