Sorted Weekly Tweets

Monetary Policy


  • Fed stops short of the clarity global markets crave Fed has shown that it does not understand global debt markets $$ Jul 12, 2013
  • Unintended consequences made the PBOC’s strategy fail to work Highlights lack of liquidity in Chinese banking $$ Jul 12, 2013
  • Bernanke Supports Continuing Stimulus Amid Debate Over QE Bernanke really doesn’t know, but he is afraid 2 tell u $$ Jul 11, 2013
  • Bernanke reduces future policy accommodation &sez Fed is stimulating, then criticizes fiscal policy as tight for running smaller deficits $$ Jul 11, 2013
  • Fed Affirms Easy-Money Tilt Transparent communications requires many words & misunderstandings to get msg right $$ 🙁 Jul 11, 2013


Michael Pettis


  • Pettis: An analysis that points to an unsustainable trend is always right if the trend turned out indeed to be unsustainable. $$ Jul 11, 2013
  • Pettis: That it took many years before the limits were reached is not an indication the model was wrong. It’s how the economy works. $$ Jul 11, 2013
  • Pettis does not like those who criticize those who pointed to unsustainable debt trends as “Stopped clocks that are right twice a day.” $$ Jul 11, 2013
  • It’s impossible to precisely time leverage unwinds, merely seeing it in advance qualifies as a win, whether US Housing, Eurozone, China $$ Jul 11, 2013


PPACA [Obamacare]


  • Obamacare called ‘The fiasco for the ages’ Call it an unforced error; stupid policy that destroys better policy $$ Jul 09, 2013
  • Decision to Delay Employer Mandate Will Cause More Employers to Drop Coverage Obamacare the dumbest idea out there $$ Jul 09, 2013
  • Part-Time America There r more people “employed” but many have several part-time jobs, b/c of Obamacare [PPACA] $$ Jul 07, 2013


Rest of the World


  • Haredim Harassing Women Prompt Ultra-Orthodox Backlash Q: has wailing wall become an idol 2 some Jews? $$ Jul 11, 2013
  • After all, u can pray anywhere. God is everywhere, so he will hear u. Whether he will favor u is another matter. Jul 11, 2013
  • Greek outlook bleaker than lenders think, local think tank calculates Austerity should not increase from here $$ Jul 11, 2013
  • Value of the Syrian Pound Hits an All-Time Low Unsound currency is a common casualty of any war, especially civil $$ Jul 10, 2013
  • Pimco Shuns Korea to Turkey Covered Debt on Liquidity Liquidity is not free: requires quality, size & simplicity $$ Jul 10, 2013
  • The Muslim Brotherhood’s Legacy: Controls, Shortages and Inflation Brotherhood wanted power for Islamic reasons $$ Jul 09, 2013
  • Japan in a Bind on Planned Tax: Fears Are It Will Hurt Rebound Far better to cut government spending; much wasted $$ Jul 07, 2013


Market Impact


  • Hedge Funds Are for Suckers There are limits to leverage, arbitrage, good ideas, no limits 2 high costs, though $$ Jul 12, 2013
  • Property Crushes Hedge Funds in Alternative Markets Fell hard 2007-9, has come back hard since, but so have stocks $$ Jul 12, 2013
  • US Banks Seen Freezing Payouts Under Harsh Leverage Rule This will eventually be gamed, as capital is squishy $$ Jul 11, 2013
  • Corporate Insiders Shift From ‘Buy’ to ‘Sell’ as Bankruptcy Nears Now u tell us. Really? Potent Inside information $$ Jul 11, 2013
  • REITs Deepening Bond Losses as Leverage Forces Sales Is it possible we get another self-reinforcing selloff? $$ $NLY Jul 11, 2013
  • SEC Lifts Ban on Hedge Fund Ads Probably a mistake, but let the big guys take their lumps w/survivor bias $$ Jul 11, 2013
  • Senator Hatch says insurance firms can ease US pension crisis Cute idea, but life insurance industry is 2 small $$ Jul 11, 2013
  • U.S. Boosts Bank Capital Demands Above Global Standards Big banks will squeal, but their size poses systemic risks $$ Jul 10, 2013
  • Kevyn Orrs’ plan for paying bondholders could cost Michigan cities 2nd-order effects r neglected by the desperate $$ Jul 09, 2013
  • S&P Raises Puffery Defense Against US Ratings Case Reasonable. Wise investors know to ignore rating, read review $$ Jul 09, 2013
  • The New Breed of Income Fund Risks r higher on these funds b/c stocks r not as safe as bonds, they can fall more $$ Jul 07, 2013


Companies & Industries


  • Fracking Firms Face New Crop of Competitors High profit margins drive competition; benefit goes 2 E&P firms $$ Jul 10, 2013
  • Tanker Cars in Fatal Quebec Rail Crash Had Drawn Scrutiny Relative safety of pipelines becomes apparent post-fire $$ Jul 10, 2013
  • Deadly Train Derailment Fuels Crude-by-Rail Concerns This was a case of operator error; it does not generalize $$ Jul 09, 2013
  • Alcoa Facing ‘Hard Decisions’ on Aluminum Plants Plant shutdowns teach investors where good opportunities may be $$ Jul 09, 2013
  • At 88, Former AIG Boss Is Building a New Empire He did not deserve to be thrown out of AIG; now he builds anew $$ Jul 07, 2013




  • Oregon Tuition Plan Punishes Graduates’ Success Will attract the less successful, paying 3% of earnings 4 25 years $$ Jul 13, 2013
  • Math, Science Popular Until Students Realize They’re Hard Yes, math & science r hard & not squishy, but rewarding $$ Jul 12, 2013
  • Gangs Ruled Prison as For-Profit Model Put Blood on Floor Long article describing lousy control at some prisons $$ Jul 12, 2013
  • Father Cancels Tiramisu to Cable Under Pentagon Furloughs Watch 4 the impact of the next round of base closings $$ Jul 12, 2013
  • Can Spider Web Be Replicated? A Japanese Startup Thinks So. Something 2watch, many uses 4 light ultrastrong fabric $$ Jul 10, 2013
  • Non-Farm Payrolls Revisited – Strong Weaknesses Part-time work grew, full-time work fell. Does this look healthy? $$ Jul 09, 2013
  • Show Me the Jobs That Immigrants Steal Immigrants do things that the native-born won’t do. Who wants 2 pick fruit? $$ Jul 07, 2013


  • Dumb: Fed’s risky codependency with the markets Increased communication yields more losses than gains, duh $$ Jul 12, 2013
  • Wrong: ‘Middle-class revolution’ fuels Pentagon war plan – MarketWatch What a dope, Marketwatch should be ashamed $$ Jul 12, 2013
  • Dumb: 8 Things Really Successful People Do Points 6 & 7: Religion necessary for Spirituality & Ethics $$ Jul 11, 2013
  • Wrong: The Second Great Depression If u don’t c the problem as 2 much private debt creating a boom, u don’t get it $$ Jul 10, 2013
  • The Fed facilitated that boom, & when excess liquidity was gone, a scad of broken balance sheets resulted; leverage still 2 high now $$ Jul 10, 2013


Replies, Retweets, and Comments

  • @auaurelija Not sure I would have analyzed it that way. That piece only highlights increases, and many cos in the table still have low debt Jul 12, 2013
  • @felixsalmon Yes, & the dual mandate led to providing too much stimulus 1987-2007, leading to the mess we r in now. Single mandate better Jul 12, 2013
  • @auaurelija So where do you see the increase in leverage? Most companies seem not to be doing that, as far as I see. Jul 12, 2013
  • RT @pdacosta: The Fed’s message to the markets is clear: the path of rates will depend on stuff happening or not happening. Jul 12, 2013
  • A great time w/ @japhychron as we discussed math, computing, economics, security, secuities, equities, bonds, FX, banking, & work. Jul 11, 2013
  • “I disagree; there is emotionless investing. It depends on realizing that you have a long time…” — David_Merkel $$ Jul 11, 2013
  • RT @ggreenwald: Don’t worry: a court that meets in total secrecy, housed inside the DOJ, with only the Govt allowed to be present, is reall… Jul 08, 2013