Sorted Weekly Tweets

Market Dynamics


  • The Scary Risks of Safety Bubble Up Never forget that dividend stocks r stocks & that assets r risky if overpriced $$ Apr 11, 2013
  • Cheap Mortgages Are Hiding the Truth About Home Prices If Mtge rates r artificially low then housing prices r high $$ Apr 11, 2013
  • Suckers! Tech Execs Selling Stock as Nasdaq Hits High Fed is the tide; who will b found swimming naked when it ebbs $$ Apr 11, 2013
  • Banking Business: Complexity Cubed If you want to simplify corporate structure, start simplifying the tax code $$ Apr 11, 2013
  • The 14% Rate of Corporate Profits Will Eventually Revert 2 Mean, Spoiling the Party Don’t use P/E 2 measure cheap $$ Apr 10, 2013
  • Most big companies, unless they r simple start to underperform at mkt cap > $100B. Managing the complexity is virtually impossible. $$ Apr 10, 2013
  • How The Equity Q Ratio Anticipates Stock Market Crashes & The Q Ratio and Market Valuation $$ Apr 10, 2013
  • Check Here to Tip Taxi Drivers or Save for 401(k) Stupid efforts at manipulating behavior eventually fail $$ #quitit Apr 10, 2013
  • Questions to Ask Your Adviser About Fees Main things what do you pay & find out who else is paying him Apr 09, 2013




  • Merkel’s No-Nuke Stumble May Erode Re-Election Support An unforced error; far better 2 invest in Nuke plant safety $$ Apr 11, 2013
  • Swedish Banks Make Money Ditching Cash as Krona Goes Virtual It is a mistake to make $$ disappear. Ask Cyprus why $$ Apr 11, 2013
  • Economic Crisis Hits the Netherlands Imagine a nation where 120% LTV loans & trading homes every 3 yrs is common $$ Apr 10, 2013
  • ECB Survey Challenges Image of Poor Southern Europe I suspect this study is wrong or measuring the wrong thing $$ Apr 10, 2013
  • Why Thatcher Wouldn’t Succeed in Our ‘Lean In’ Culture U have to + in the concept of killing sacred cows w/courage $$ Apr 10, 2013
  • Portugal austerity plan frays Top court struck down wage cuts and lower pensions for state workers; what now, Troika? Apr 09, 2013
  • Soros: Europe faces ‘slow death’ Japan is trying to escape Seems 2 argue for massive QE, but no sign that QE works Apr 08, 2013
  • Why Rescue Fragile Banks? Outsource Them Instead Exile TBTF banks to the E-Zone; let them pay 4 the bailouts Apr 08, 2013
  • Europe Builds Own Chapter 11 Moves closer to the US, but still is not as flexible in rehabilitating corporations Apr 07, 2013


Credit Markets


  • Foreclosures Jump in New York as US Sees Decline: Mortgages Judicial f/c states catch up w/the rest of the US $$ Apr 11, 2013
  • Pimco’s Gross Turns Positive on 10-Year Treasurys Guessing what central banks will want 2 buy, mug’s game Apr 10, 2013
  • Bank Investors Press Breakups to Add Value, Burnell Says Biggest banks r worth more broken up; can’t manage well $$ Apr 10, 2013
  • Banks rethink the branch, but will it work? This article is just another way 2say there r2 many banks & branches $$ Apr 10, 2013
  • The leverage story banks want to hide To avoid bank insolvency focus on liquidity of assets/liabs in stressed times Apr 09, 2013
  • Contagion Starts Small Small->large requires domino debt failures, needing liquidity for illiquid, or safety mismatch Apr 09, 2013
  • Time bomb to the next crash is ticking as debt sales surge Investors requiring safety mismatch buying unsafe debt Apr 09, 2013
  • Where Bank Regulators Go to Get Rich An astounding array of former regulators aiding “end arounds” on regulation Apr 08, 2013



Rest of the World


  • Ghost of Suharto Seen in Boomtowns Leading Indonesia Growth Indonesia often booms near end of global econ cycle $$ Apr 11, 2013
  • Low bond yields luring global central banks into equities: survey This is so unorthodox & cronyist it beggars belief Apr 09, 2013
  • Why Capitalism Won’t Change North Korea’s Regime Current leaders will lose out if people learn how badly they live $$ Apr 10, 2013
  • Clashes Highlight Egyptian Divide Hippocratic Oath applies to diplomacy w/”regime change:” “First do no harm!” Apr 08, 2013
  • Is the Global Economy Slowly Falling Apart? Good list of some of the major problems; overstated title/weak conclusion Apr 08, 2013




  • A Day in the Life of a Beijing ‘Black Guard’ Secretive groups stop Chinese citizens complaining about local govts $$ Apr 11, 2013
  • China Exports Miss Forecasts as ‘Absurd’ Data Probed Will b interesting 2c how people revise views on Chinese data $$ Apr 10, 2013
  • In China, off-balance-sheet lending risks lurk in the shadows Tough Q: how do the shadow banks & municipalities fund? Apr 09, 2013
  • New Bird Flu Seen Having Some Markers of Airborne Killer No sign of mammal-to-mammal transmission, would not worry Apr 07, 2013
  • China Says It Can Manage H7N9 Virus as Infections Rise No human-to-human transmission yet, SARS-like most likely Apr 08, 2013





US Politics & Policy


  • Options Few as US Leaders Told Saturday Mail Can’t End Raise all postage prices, & double 4 junk mail $$ Apr 11, 2013
  • Boomers Push Doctor-Assisted Dying in End-of-Life Revolt It’s almost like the Boomers want to corrupt everything $$ Apr 11, 2013
  • Medical School at $278,000 Means Even Bernanke Son Has Debt Bad idea 2 invest where rules can b changed against u $$ Apr 11, 2013
  • Obama seeks to reduce US subsidy of crop insurance It is time 2 end ALL Ag subsidies; just goes 2 Big Agriculture $$ Apr 10, 2013
  • FOMC Minutes Show Several Members Saw QE Over by Year-End Don’t think so, but if true, lighten up on risk assets $$ Apr 10, 2013
  • Andy Kessler: The Pension Rate-of-Return Fantasy Excellent piece: bad pension assumptions; will lead2 benefit cuts $$ Apr 10, 2013
  • Interview with Harvard Economist Carmen Reinhart on Financial Repression Sane words amid macroeconomic snake oil $$ Apr 10, 2013
  • USDA asks White House to approve sugar-for-ethanol program Utter corruption, $$ in the pockets of the US Sugar lobby Apr 09, 2013
  • A Primer for Understanding Obama’s Budget This is y Federal Debt always goes up by more than the planned deficit Apr 09, 2013
  • Evangelicals Push Immigration Path Governments limit immigration 4 selfish reasons; migrants come b/c desperation Apr 09, 2013
  • U.S. Plans New Laser Weapon for Persian Gulf Don’t get too excited; it only works at short range #studyphysics Apr 09, 2013
  • O’Malley Wins on Guns, Taxes Seen as 2016 Resume-Packing Raided liability funds 2 finance current spending #phony Apr 09, 2013
  • How Obamacare Will Distort the Health-Care Market This was easy2c in advance; ability to adjust premiums very limited Apr 08, 2013
  • Rhode Island’s Scary State Treasurer Raimondo fires back after Forbes contributor attacks her Apr 08, 2013
  • Workers Stuck in Disability Stunt Economic Recovery Many of these people should be called unemployed, not disabled Apr 08, 2013
  • Chicago Mayor’s Pension Conundrum Tip of the iceberg; this is going on in different ways in all US states Apr 08, 2013





  • Wrong: This Underused Metric Points To Big-Name Bargains 4 of 8 “bargains” r insurers; no way 2calc free cash flow $$ Apr 10, 2013
  • Wrong: Kill the 30-Yr Mortgage You don’t finance long-term assets like homes w/short-term debt. Badly thought-out $$ Apr 10, 2013
  • A better long-term solution to make the residential RE mkts more stable would be to ban mortgage insurance & second lien mortgages (HEL) $$ Apr 10, 2013
  • Wrong: Stalking the Silent Financial Killer in Our Midst Please kill this while little: LTC not underwritable $$ Apr 10, 2013




  • Mmm, the Flavors of Fermentation Interesting article that points out the many ways we use fermentation 4 flavoring $$ Apr 11, 2013
  • Gates Helps Australia’s Richest Man in Bid to End Slavery Noble goal 2 free those who r essentially kidnapped $$ Apr 11, 2013
  • How Thatcher Saved Britain She did not give in 2 the Unions, nor Argentina, nor USSR, nor the media; she stood alone Apr 10, 2013
  • Wood: the fuel of the future Having lived in a town where wood was the most common winter heat source, air was dirty Apr 09, 2013
  • Tour Data Suggest Tiger Woods Owes His Comeback to One Basic Skill—Sinking Putts Drive 4 show; Putt 4 dough. Apr 09, 2013
  • Label Decoder | Protein Additives I think we are creating more health problems by eating processed foods Apr 09, 2013
  • 10 Insanely Overpaid Nonprofit Execs Caught btw managing a large enterprise & charitable mission; fight each other Apr 08, 2013
  • The Golf Shot Heard Round the Academic World Multiculturalism that cannot tolerate the ideas of conservatives Apr 07, 2013




  • As an aside, SCOR’s balance sheet is more levered than it seems. Reminds me a little of Scottish Re (spit, spit) RGA’s looks solid FD:+ $RGA Apr 11, 2013
  • RGA, Scor in final race for Generali US unit-sources SCOR aggressive, will likely overpay | FD: + $RGA $$ Apr 11, 2013
  • Ace’s Greenberg Says Takeover Spree Beats Share Buybacks Seems like Evan is trying 2 create a mini- $AIG $$ $ACE Apr 11, 2013
  • Record levels for global reinsurer capital Listen 2 1Q conf calls, listen 4 pricing, divs, buybacks. EZ $$ been made Apr 10, 2013
  • Metlife on Offensive Against Systemic Tag Life Ins cos shouldn’t b SIFIs unless they have short-dated funding $$ $MET Apr 10, 2013
  • Insurers see promise in pay-for-performance health plans Skeptical: does not remove incentives 4 overuse by doctors Apr 09, 2013




  • Banks Are Not as Bad as You Think: Pettis Afraid I have to disagree, bad banks set back growth in 1870s & 1930s $$ Apr 11, 2013
  • Crapo Says He Opposes Setting Capital Standards With Legislation Far better2focus on liquidity analyses under stress Apr 09, 2013




  • Regulators Feeling ‘Social’ Pressure In Age of Twitter, Old Rules That Don’t Address New Media Pose Challenges $$ Apr 11, 2013
  • Drug Conjugates: ‘Guided Missiles’ to Treat Cancer Drug conjugates attack tumor cells, rather than just any cells $$ Apr 10, 2013
  • The Future Of Mobile [SLIDE DECK] Long, but data-packed & a breezy read. cc @hblodget thanks, I learned some stuff Apr 09, 2013
  • Sponsors Now Pay for Online Articles, Not Just Ads I get ~10/week of these at my blog. Have never taken any of them. Apr 09, 2013
  • We Just Took A Big Step Toward Having Super High-Definition Desktop Displays So fine u won’t notice the pixels Apr 09, 2013
  • This Simple App Could Put E-Books On Millions Of Phones In The Third World Software & Cheap phones promote literacy Apr 09, 2013
  • Hypothermia Cure: Cooling Infants to Battle Brain Damage Interesting & Odd technology may benefit 0.1%+ of births Apr 09, 2013


US Economy


  • Murdoch-Diller Showdown Threatens to Make Fox Cable-Only Endgame for the separation of content & transmission $$ Apr 11, 2013
  • North Dakota Undergoes Refining Renaissance U know things r hot when a new crude refinery is built from scratch $$ Apr 11, 2013
  • You Got In; Now, Please Come Speaks 2 the overcapacity problem in colleges; high fixed costs r driving pleading $$ Apr 10, 2013
  • “Everyone believes that, given where we are with interest rates, the only eventual direction is up” I c this said daily maybe more $$ Apr 10, 2013
  • US Transports Economic Pulse : Trucks — Boats – Planes – Trains Two up, two down — all in all, we muddle along Apr 09, 2013
  • I am become Ron Johnson, Destroyer of Worlds @reformedbroker sets up future biz school case study. I + my $0.02 $JCP Apr 09, 2013


Replies, Comments & Retweets

  • Commented on StockTwits: Not really. At present I own the following for clients & me: $NWLI $RGA $AIZ $SFG $AFL &… Apr 11, 2013
  • Ouch RT @ReformedBroker: Gundlach: Forget Fed Minutes, QE is not stopping anytime soon, talk is just talk. Yellen’s down to do this til 2025 Apr 11, 2013
  • RT @ReformedBroker: “Japan is important to watch, it’s a pace car for stock market peaks, weird policy responses and currency debasement … Apr 11, 2013
  • I think so too $$ RT @ReformedBroker: Gundlach: “Emerging market corporate debt is THE best area of investment grade fixed income right now” Apr 11, 2013
  • @fundmyfund If “Everyone Ought to be Rich” then who will deliver the pizzas? 😉 Apr 11, 2013
  • @LaurenLaCapra Another idea: DB available 4 pay: League Tables cost $6 Apr 11, 2013
  • @LaurenLaCapra Thy this and if that’s not enough try this Google query: Take care Apr 11, 2013
  • ‘@PensionDialog 2003 vs now, interest rates were higher & valuations 4 risk assets lower. Pension returns will b lower over next 10 years $$ Apr 10, 2013
  • @ritwik_priya Saw that, though housing values have fallen across much of Europe, particularly where mortgage debt is high Apr 10, 2013
  • @PensionDialog That’s backward looking, while interest rates are forward looking. In 2003, 10Y Tsy yields were more than 2% higher than now Apr 10, 2013
  • ‘@EMostaque To some degree, others will let funding levels stay low (& hope), some will pay more $$ , some will cut benefits where possible Apr 10, 2013
  • @IraApfel Sadly, proposal will reduce assets in MMFs, which r usually more stable than banks in a crisis. Better: $$ Apr 10, 2013
  • Yes RT @asymptotix: So, if anyone must leave, it should be Germany (and Finland), not Italy, Greece, Ireland, Portugal or Spain.. Apr 09, 2013
  • @jarrodwilcox A free trade zone in Europe is a good thing & might prevent war; a common currency, the way it is going could start one Apr 09, 2013
  • @jarrodwilcox But I think WW 3 is a boogeyman. Sandwiched between Russia/USSR & the US, that big of a war wouldn’t be likely 2 happen. Apr 09, 2013
  • Probably the latest peak blossom since I’ve been here RT @EddyElfenbein: Cherry blossoms in DC Apr 09, 2013
  • RT @jarrodwilcox: @AlephBlog Euro looks like a disaster until you remember WWII. Political will to overcome divisions may still be will … Apr 09, 2013
  • Those are succinct insights in why the Euro would fail. There were other saying similar things at the time… Apr 09, 2013
  • RT @AndreCimini: @AlephBlog Yes, absolutely. Here’s a couple of very interesting articles on Canada: 1) 2) htt … Apr 09, 2013
  • @AndreCimini Cam Hui is a good guy; I usually agree w/him. Second article makes some very good points; I learned from it, tho I knew some Apr 09, 2013
  • @AndreCimini It was an interesting article. Interesting to contrast US/States v Canada/Provinces. Provinces do more; linked tighter2Canada Apr 09, 2013
  • RT @AndreCimini: @AlephBlog Here’s why CDN gov’t debt deceiving; add in provincial debt and total debt is around 86% of GDP. http://t.c … Apr 09, 2013
  • @AndreCimini Thanks, I had forgotten that. Apr 09, 2013
  • 1 straw blowing in the wind, some go other ways RT @ReformedBroker: Forward Earnings Estimates Set a New Record High Apr 08, 2013
  • @groditi Also factor in the drag from pension liabilities, reductions from spending rules from lower interest rates; I think it washes Apr 08, 2013



  • My week on twitter: 34 retweets received, 2 new listings, 61 new followers, 34 mentions. Via: Apr 11, 2013