Sorted Weekly Tweets

Basel III


  • Betrayed by Basel Additional Liquidity & Capital will always lower the bank’s ROE; banks always protest over safety $$ Jan 12, 2013
  • International rules & regs r also easier to co-opt, b/c the normal political opponents r easier to shut out of the process $$ Jan 10, 2013
  • BaSell Illiquid Liquidity Rules (Under Basel 3) International acctg rules & regulations r easier 4 companies 2ignore $$ Jan 10, 2013
  • Banks Win an Easing of Rules on Assets If u want stronger banks, their costs go up b/c liquidity reduces profits $$ Jan 08, 2013
  • Rules for Lenders Relaxed Basel III Regulators Cave 2 Banks;Ease Requirements for Meeting Guideline on Liquidity $$ Jan 07, 2013


Rest of the World


  • Morocco Stalled Tourist Drive Traps Lenders Is there anyplace in the world that hasn’t overlent on real estate? $$ Jan 12, 2013
  • A Protest Unites Far-Flung Activists China does not tolerate protests that seem to be coordinated $$ Jan 12, 2013
  • Google Chief Urges North Korea to Embrace Web Wait till they learn how poor they r compared 2 the rest of the world $$ Jan 10, 2013
  • Gold Lures Japan’s Pension Funds as Abe Targets Inflation Didn’t think Gold, Japan & inflation allowed in 1 sentence Jan 09, 2013
  • Japan to Buy European Debt With Currency Reserves to Weaken Yen Make a bunch of bad investments w/your monetary base $$ Jan 09, 2013
  • The Oslo Housing Bubble Syndrome Keep interest rates low to protect your exporters, and so inflate a housing bubble $$ Jan 08, 2013
  • Pakistan Loving Fatburger as Fast Food Boom Ignores US Drones Something endearing about Pakistanis eating burgers $$ Jan 08, 2013
  • Inconvenient Truths About Al Jazeera Perhaps it should be renamed “The Wahhabi Islam Ministry of Propaganda” $$ Jan 07, 2013
  • Record India Deficit May Limit Rate Cuts as Rupee Drops India badly-run compared2 other EM Countries; feeling stress Jan 05, 2013
  • Chávez’s Appointed Heir Prepares 4 Battle Maduro Faces Factional Infighting Amid Campaign 2Win Venezuelan’s Hearts Jan 05, 2013

Fixed Income


  • Fitch Places Illinois GO Bonds on Negative Watch, Says Large Unfunded Pension Liabilities Unsustainable No Surprise $$ Jan 12, 2013
  • Is High Yield Overvalued? The high-yield category has increased risks and low absolute yields $$ High yield nulla est Jan 10, 2013
  • Fed Governor Tarullo pressing 4 banks 2fund themselves w/more long-term debt. Good idea, I may have misjudged him $$ Jan 10, 2013
  • Banks to Boost Liquidity With Illiquid Assets Chart of the Day BBB bonds illiquid in crises $$ Jan 08, 2013
  • Junk Bonds’ Fire Is Poised to Fade Avg yields dropped below 6% 4the 1st time ever; Avg prices highest since 2004 $$ Jan 07, 2013


Jack Lew

·  10 Things You Need 2 Know About Jack Lew, Obama’s Next Treasury Secretary Interesting summary of an influential guy $$ Jan 10, 2013

  • Is Jack Lew A Friend to Wall Street? Like Tim Geithner, the new Treasury nominee may owe his views to Robert Rubin. $$ Jan 10, 2013
  • Trading 1 type of cronyism 4another & Lose Fed crony [Geithner], get political crony [Lew] $$ Jan 10, 2013
  • Obama to Nominate Lew as Treasury Secretary Strategy: nominate a lot of controverial ppl & wear down the Senate $$ Jan 09, 2013


Debt Ceilings, Platinum Coins, Etc.


  • This impresses me as 6 of one, a half dozen of the other. Both try to make something out of nothing. Jan 10, 2013
  • Platinum-Coin Punditry Poses Threat to Dollar Takes my view that it will decrease demand in the Treasury market $$ Jan 10, 2013
  • Only Thing Wrong With the Debt Ceiling Is the Lag First Congress decides on how much 2 borrow, then sets budget $$ Jan 09, 2013
  • Why we won’t mint a platinum coin The reaction of foreign $$ obligation holders would be swift & negative #rsvcurrency Jan 08, 2013
  • Rebranding the “trillion-dollar coin” You can’t get something for nothing; this will makes foreigners distrust the $$ Jan 05, 2013


Economic Policy


  • Fed’s Plosser Says Stimulus May Backfire, Fuel Inflation “‘stimulus’ may not help speed up the process…may prolong” Jan 12, 2013
  • James Buchanan, a Star Economist Who Understood Obamacare Bureaucrats have a natural interest in seeing gov’t grow $$ Jan 10, 2013
  • Economist Who Argued Public Officials R Ruled by Self-Interest Dies James Buchanan founder of Public Choice Theory Jan 10, 2013
  • Button-Down Central Bank Bets It All What does it mean when central banks downgrade asset quality? Very trendy $$ Jan 09, 2013
  • US Consumers Obligation to spend America’s Cars and Appliances Are Getting Old, may presage demand 4 durable goods $$ Jan 08, 2013
  • Why Austerity Works and Fiscal Stimulus Doesn’t Austerity exalts free actions of humans; stimulus exalts bureaucrats Jan 08, 2013
  • The Education of John Boehner Leverage 4the next clash: GOP willingness 2let the spending sequester take effect $$ Jan 07, 2013
  • Ending the Era of Ponzi Finance 24 pgs PDF | John Mauldin has Daniel Stelter describe what’s unsustainable in policy $$ Jan 05, 2013




  • Mohawk Chief Lorberbaum Emerges as Billionaire With Tiles $MHK CEO owns 14% of the company; he’s a clever acquirer $$ Jan 12, 2013
  • What’s at the Center of the Debate Over Herbalife Ackman is hoping the FTC will declare $HLF 2b a pyramid scheme $$ Jan 10, 2013
  • News Corp. Tabloid Swaps Sex for Cats Among Brands Buffing Image No one is immune from aiming 4 irrelevance $$ Jan 10, 2013
  • Buffett Railroad Sees Crude Cargo Climbing 40% Makes up for a loss of revenue in hauling coal $$ FD: + $BRK.B Jan 08, 2013
  • Secret Goldman Team Sidesteps Volcker After Blankfein Vow Wagers ~$1B $GS own funds on unaffiliated stocks/bonds $$ Jan 08, 2013
  • Bill Ackman Says Just Getting Started Exposing Herbalife Most of my summary acctg test #s look okay on $HLF. ?? $$ Jan 07, 2013


Housing  Finance


  • The latest foreclosure horror: the zombie title Long article about people stuck w/homes b/c banks won’t foreclose $$ Jan 12, 2013
  • Rules Set for Home Lenders Rules seem overly lenient; has the CFPB been co-opted already? That was fast $$ Jan 10, 2013


Market Impact


  • Hedge Funds Squeezed With Shorts Beating S&P 500 Positive momentum has led many shorts to cover, performance drags $$ Jan 08, 2013
  • Finra to Shine Light on Dark Pool Trading Does FINRA have the talent to analyze this? That would surprise me. $$ Jan 08, 2013
  • In Search of Family Ties Families w/control can b valuable if they r interested in growth & not milking da biz $$ Jan 08, 2013
  • What’s Hot…And What’s Not (in mutual funds) Hot: Low Vol, Local $$ EM bonds, Active Bond ETFs Not: Vol ETPs, 130/30 Jan 07, 2013
  • Above the Market’s Leading Investment Indicators Long-term val’n measures like Q-ratio, CAPE10, Total Cap/GDP, etc $$ Jan 07, 2013




  • Well done, Henry. I write this as one who enjoys BI, though I was won over bit-by-bit. Keep up the good work. Jan 10, 2013
  • Check These Out at the Library: Blacksmithing, Bowling, Butchering Who knew Libraries would try 2b so relevant? $$ Jan 08, 2013
  • Excellent Police What the Baltimore P.D. can teach your office about multitasking and incentives. $$ #whoknew Jan 07, 2013
  • East St. Louis Cops Outgunned as Cuts Let Killers Thrive Cut the Federal budget; don’t cut the local budget $$ Jan 06, 2013
  • Keystone Pipeline Clears a Big Hurdle in Nebraska Local review says small impact on the environment at most $$ Jan 05, 2013




  • Wrong: Buffett Says Banks Cleared of Excess Risk Pose No Threat to US Excessive reliance on Fed funding $$ Jan 10, 2013
  • Wrong: Why we need a currency war with China (and Denmark and Singapore … ) You may as well say “Smoot-Hawley” $$ Jan 07, 2013


Replies & Retweets

  • RT @cate_long: While savers forgo ~$200B in interest payments “@nytimesbusiness: Fed transferred $88.9 billion to Treasury in 2012 http: … Jan 10, 2013
  • @NickTimiraos Steep yield curve helps too, though it isn’t *that* steep thanks 2 QE-infinity Jan 10, 2013
  • @Kathleen_Hays Not necessarily. My friend Caroline Baum shared this article w/me: Is Jack Lew A Friend to Wall Street? Jan 10, 2013
  • RT @ajkurki: @AlephBlog Absolute yields below 1st percentile of all observed observations since mid-90s (BofAML data). What could go wrong?! Jan 10, 2013
  • @cabaum1 Dear Caroline, thank you for replacing my bias w/a good article. Rubin’s influence is significant; didn’t know Lew was part of it Jan 10, 2013
  • @CharlesSizemore That it did. Jan 10, 2013
  • @CharlesSizemore I’m sorry, Charles. In my busyness, I didn’t catch that, and I should have. Apologies. Jan 10, 2013
  • Not a chance $$ RT @CharlesSizemore: Is Sears the Next Berkshire Hathaway? $SHLD $BRK-A $BRK-B $WMT $HD #WarrenBuffett Jan 10, 2013
  • @EddyElfenbein Just a general mindset, but the penny stock promoters irritate me to the max. Jan 10, 2013
  • Investment banks r bull market babies $$ RT @ReformedBroker: Morgan Stanley still searching for a reason to exist $MS Jan 10, 2013
  • @howardlindzon @researchpuzzler Happy new year to both of you as well. May you have joys and constructive challenges. Jan 10, 2013
  • @howardlindzon @researchpuzzler Have fun reading tonight’s Aleph Blog piece then 😉 $$ (Not published yet) Jan 10, 2013
  • Eisenstadt discovers momo RT @researchpuzzler: “Go to it then.” Arnold Bernhard, in 1959, sounding like @howardlindzon Jan 10, 2013
  • @Kelly_Evans It’s okay… given all that you do, an occasional blip is fine. I make lots of mistakes…. Jan 09, 2013
  • @Fullcarry I *don’t* think it will be an equilibrium. Besides, equilibria are rare in economies, they are ultracommon in journals though Jan 09, 2013
  • @Kelly_Evans Perhaps you mean inversely? Jan 09, 2013
  • @Fullcarry My problem is that most of the major central banks r doing this, not just Japan. What happens when all CBs have corrupt $$ bases? Jan 09, 2013
  • @moorehn @katierogers There were more revenues behind the Bowie bonds than the worth of the platinum in a coin. $$ Jan 09, 2013
  • @macrotourist Thanks, did not have time to listen to the webcast, but the slides are interesting. Jan 08, 2013
  • @LaurenLaCapra you’re right, wasn’t thinking — tweet deleted Jan 08, 2013
  • You can say that again. $$ RT @profithuntergrp: @AlephBlog agreed Iceland proved it early on – do the hard thing! Jan 08, 2013
  • Something looks wrong w/slide 3 — the bar lengths don’t compare with the numbers next to them. $$ Jan 08, 2013
  • Shouldn’t black holes be stable? They exist because all mas in a given area collapses under its gravity… Jan 08, 2013
  • @JacobWolinsky It is more accurate, so I made the change… Jan 07, 2013
  • @munilass Do you have any opinion on BAM? I’m a little skeptical because credit risks r more correlated than life, P&C, etc. Jan 07, 2013
  • I just left a comment in “Lou Simpson’s top stock picks – MarketWatch” Jan 07, 2013
  • @JacobWolinsky That’s a fair point. I’ll delete the last tweet, & send out a better one. Jan 07, 2013
  • I just left a comment in “Lou Simpson’s top stock picks – MarketWatch” Jan 07, 2013
  • RT @ModeledBehavior: A trillion dollar coin really feels like the U.S. jumping the shark. We’ve been on for too many seasons, the plots … Jan 05, 2013



  • My week on twitter: 63 retweets received, 2 new listings, 50 new followers, 56 mentions. Via: Jan 10, 2013