Sorted Weekly Tweets



  • Chinese Cities Hooked on Land Revenue Fuel Housing Costs Ppl invest in what they think they ctrl; no alternatives $$ Sep 28, 2013
  • Amway Bankrolls Harvard Course For Chinese Cadres May not b pyramid, but successful sellers mostly recruit sellers $$ Sep 26, 2013
  • Chanos Undeterred by China Growth as O’Neill Bullish China will become the biggest windshield bugsplat ever seen $$ Sep 25, 2013
  • Party Will Pay the Price for China’s Rebalancing The Day has arrived: Michael Pettis is on Bloomberg. Go Michael! $$ Sep 25, 2013
  • China’s Generation Winnebago Avoids Traffic in RVs New Chinese status symbol: RVs. Rest while your driver works $$ Sep 24, 2013
  • China + Gold = 9 Million iPhones Sold Gold may do nothing, but it is beautiful, & beauty drives much marketing $$ Sep 24, 2013
  • Michael Pettis, in his current newsletter, reminds us that loan growth outstrips ability to repay in China, recent “growth” is a fake-out $$ Sep 24, 2013


Companies & Industries


  • Meet Hummingbird: Google Just Revamped Search To Answer Your Long Questions Better Improved Search Engine $$ $GOOG Sep 28, 2013
  • JC Penney Is on the Brink Now $JCP has liquidity, @ a cost, but can they transform their business model? $$ #unlikely Sep 28, 2013
  • Penney’s Share Offering Prices at a Discount $JCP Danger Will Robinson! Stock price does not hold secondary level $$ Sep 27, 2013
  • Kat Cole, Former Hooters Waitress, Runs Cinnabon’s $1B Empire Ppl go gaga 4 Classic Roll. 60% more cals vs Big Mac $$ Sep 27, 2013
  • Oaktree group to sell US foreclosed homes Too many investors chasing residential RE vs owner occupiers $$ #badsign Sep 24, 2013
  • Meet Prem Watsa: The Man Riding to BlackBerry’s Rescue A case of regret, throwing good $$ after bad $BBRY Sep 24, 2013
  • Banks Prove Safer Than Industrials in Bond Rally I would b willing 2 overweight industrials now; they r safer $$ Sep 24, 2013
  • Do Amazon’s Lockers Help Retailers? Depends on What They Sell Works if $AMZN doesn’t sell what u sell, &vice-versa $$ Sep 23, 2013
  • FireEye Takes Off as Shares Rise 80% in IPO Debut Score processes on weirdness, share info globally 2 stop malware $$ Sep 23, 2013



Rest of the World


  • Irish Billionaire Has ‘Boatload’ of Customers for Spanish Get your own Spanish Villa while supplies last! $$ Sep 27, 2013
  • Debt Disaster Seen Unless VAT Rises to 20% by 2020 Japan is a bug in search of a windshield; 20% would kill econ $$ Sep 26, 2013
  • Merkel’s Cold Embrace Leaves SPD Wary of Coalition Talks If SPD doesn’t compromise, cud a minority government form $$ Sep 24, 2013
  • Believing Data Not Required W/GDP Warrants Do u think Argentina is fudging GDP #s up? Buy Argentine GDP Warrants $$ Sep 23, 2013
  • For Migrants, New Land of Opportunity Is Mexico Immigrants r moving to Mexico as the economy deregulates a little $$ Sep 23, 2013
  • Czechs Yearning for Growth Set to Abandon Merkel Path No natural political coalition 4 austerity, even when right $$ Sep 23, 2013
  • Greece Plans Foreclosures to Meet Bailout Demands Inability 2 foreclose gums up Greece’s financial system $$ Sep 23, 2013


Central Banking


  • Richard Koo says ‘vicious cycle’ taking hold as Fed faces ‘QE trap’ Similar to my arguments in Easy in, Hard out $$ Sep 27, 2013
  • Constitutional Money by Richard Timberlake “Treaties may become inapplicable because of changes in circumstances” $$ Sep 25, 2013
  • US Fed Shouldn’t Give Forward Guidance, Former Bank of Israel Head Fischer Says Correct. Fischer 4 Fed Chair $$ Sep 24, 2013
  • Why we listen to former FOMC members who r partisans of the Fed, rather than skeptics of central banking, like James Grant, amazes me $$ Sep 24, 2013
  • Yellen Would Bring Tougher Tone to Fed Academic economists, like Yellen, do not understand how the economy works $$ Sep 24, 2013




  • Mortgage Bonds Without Government Backing Face Tough Time Tough 2 mkt private label RMBS, not enough excess spread $$ Sep 28, 2013
  • Subprime bond bounces back, leaving behind a subprime borrower Long article about a deadbeat & his subprime loan $$ Sep 27, 2013
  • There have been a scad of articles like this, but the guy did not do “due diligence” on the loan, and did not have to buy the house $$ Sep 27, 2013
  • Home gold rush is over Too many investors vs owner occupiers creates an imbalance as smarter players start 2 sell $$ Sep 26, 2013
  • FHA, Facing Losses, Likely to Tap Treasury Shortfall for Fiscal Year Could b at Least $1B, Early Projection Shows $$ Sep 26, 2013


Financial Sector


  • BATS Prepares to Take On Big Bell Ringers NYSE + Arca > BATS + Direct Edge > NASDAQ $$ Graph: Sep 28, 2013
  • Shine a Light on Repo Did u know that repos r 96 years old? Learn about obscure corner of the fixed income market $$ Sep 27, 2013
  • The bank that rejects the most mortgages $JPM highest rejection rate, $STI lowest, $WFC biggest lender, avg 20.6% $$ Sep 27, 2013
  • Covenant-Lite Loans Need Uniform Definition It would help, but there is always nonstandard data in securitizations $$ Sep 26, 2013
  • Wells Fargo: New CLO Regulations May Lead to Issuance Slump Forcing securitizers 2 take first losses ruins profits $$ Sep 24, 2013
  • The VC Secret: 3 Out of 4 Start-Ups Fail Ratio sounds high, but when VC-backed firm wins, it pays 4a lot of losers $$ Sep 24, 2013
  • That’s the way 2 manage pension assets if u r big enough. In-source, build up expertise, & keep adding smart people 2 addl asset classes $$ Sep 23, 2013
  • In-Sourced, Fully Funded, Public, and American! South Dakota Retirement System manages 65%-70% of assets in-house $$ Sep 23, 2013
  • America’s latest financial crisis? It’s incredibly personal. People do NOT understand how to save or handle cash $$ Sep 23, 2013
  • Value Investor Charles de Vaulx On China, Gold, Apple And Berkshire Hathaway Longish good interview. $$ $STUDY $BRK.B Sep 23, 2013
  • Fidelity sued by employees over its own 401(k) plan Biting hand that feeds them, they object 2 high fees 4 funds $$ Sep 23, 2013
  • Inside Nasdaq’s succession planning process $NDAQ trades at a discount 2 peers; it needs a merger or better mgmt $$ Sep 22, 2013




  • Billionaires Battle as Bezos-Musk Companies Vie for Launch Pad Fight over a launchpad @ Kennedy Space Center $$ Sep 28, 2013
  • Supersonic Drones Can Outmaneuver Humans. So Why Do We Still Need Pilots? Pilots fly better in complex situations $$ Sep 28, 2013
  • Postal rate hike proposal faces Senate scrutiny First Class would go to 49 cents, as internet slowly eats USPS $$ Sep 26, 2013
  • This Year’s SAT Scores Are Out, and They’re Grim <50% of 2013 graduating seniors got “college-ready” SAT scores $$ Sep 26, 2013
  • Little GAAP Could Drive Accounting Simplification If the acctg is 2 complex, biz is probably 2 complex as well $$ Sep 26, 2013
  • Work is not waiting for a job. If you don’t have a job, start your own business. Sep 25, 2013
  • Investors Are Buying High, Yet Again Opportunities are fewer now, listen to Buffett & Klarman & trim back risk $$ Sep 25, 2013
  • Tweet tips: Most effective calls to action on Twitter! U could also ask them to favorite your tweet $$ $TWTR Sep 24, 2013
  • Death Dinners at Baby Boomers’ Tables Take on Dying Taboo Good 2 talk about death, but r u ready 4 the afterlife? $$ Sep 24, 2013
  • Here Are The Best Fundamental Investors To Follow On StockTwits A good list of resources & teachers; I’m listed #5 $$ Sep 23, 2013
  • A Backdoor Roth IRA for a High-Income Couple Invest in regular IRA, convert 2 Roth, repeat process annually $$ Sep 23, 2013


PPACA / Obamacare


  • Will Obamacare hurt job creation and marriage? Belief in Obamacare is akin 2 belief in magic; resources r free $$ Sep 27, 2013
  • Prices Set for New Health-Care Exchanges Younger Buyers May Face Higher Insurance Premiums $$ Obamacare #FTL Sep 26, 2013
  • Best of the Web Today: The Young and the Clueless ObamaCare may work, provided no one responds to its incentives. $$ Sep 26, 2013
  • Young Invincibles Caught in Crossfire Over Obamacare Cost Note how Obama packs the gallery w/young people $$ Sep 24, 2013


Municipal Debt / Detroit


  • Stockton to Unveil Plan Including Cuts for Creditors Trying to preserve pensions may draw lawsuit from bondholders $$ Sep 28, 2013
  • Detroit spent billions extra from pensions That’s what u get 4 having 1-party rule, w/no 1 to look over shoulder $$ Sep 27, 2013
  • Orr proposes freeze for Detroit pension funds Unions don’t get that they destroyed the finances of Detroit $$ Sep 27, 2013
  • Judge Rules Retiree Health Protected Like Pension! Loopy ruling sets Los Angeles on a course 2 bankruptcy $$ Sep 25, 2013
  • Hands off DIA, pensions, Detroiters say in poll! Detroit is an example of a complex system self-destructing $$ #dying Sep 23, 2013




  • Pipeline Billionaire Ready for Next Round of Deal Making $ETP CEO thinks there is room to consolidate pipelines $$ Sep 28, 2013
  • Six Myths About Renewable Energy Balanced article. 3 myths pro, 3 myths con. It will b a minority of total energy $$ Sep 23, 2013


The Economic views of Ray Dalio


  • One more note, this slideshow put together from BI moves a lot faster than Dalio’s video or the… Sep 24, 2013
  • And for those that want to read Ray Dalio’s economic template book, it is free here: http://bwater… Sep 24, 2013


US Politics & Policy


  • Texas Counties Lead in Job Growth, Lag in Wage Gains No surprise, but biz leaves CA & there is high unemployment 2 $$ Sep 27, 2013
  • Open-Government Laws Fuel Hedge-Fund Profits Hedge funds file FOIA requests 2get FDA reports on drugs, etc. $$ Sep 23, 2013
  • At 77 He Prepares Burgers Earning in Week His Former Hourly Wage Example of “failed 2 save” Don’t let it happen 2u $$ Sep 23, 2013
  • Self-Driving Vehicles Progress Faster Than Rules of Road Regulations, laws, insurance all need 2b revised 4 this $$ Sep 23, 2013
  • The Hidden Classified Briefing Most of Congress Missed How intelligence gets disseminated w/o getting disseminated $$ Sep 23, 2013
  • How the NFL Fleeces Taxpayers Longish article on how they get free stadiums, pay no federal or state taxes, etc. $$ Sep 23, 2013
  • Facebook “Likes” Are Now Legally Protected Speech Political speech is protected by the 1st Amendment even “like” $$ Sep 22, 2013




  • Over the Top: Jordan R. VanOort Earns Prestigious CFA Designation CFA designation is good, but prestigious? $$ Sep 28, 2013
  • & really, when there are over 100,000 of us, does receiving your CFA Charter really rate a press release? Tougher to become an Actuary $$ Sep 28, 2013
  • Wrong:Pimco shook hands with Fed – & made a killing 2 notes: agency MBS r easy 2 understand, & TBA mkt not obscure $$ Sep 27, 2013
  • Point: Fed could have easily done this internally. What! They can’t find any among their 1000s of Ph.D. economists to get simple mkts? $$ Sep 27, 2013
  • It is probable that enough data on what the Fed would do escaped over the transom 2 give PIMCO & the other firms insider info. $$ Sep 27, 2013
  • Wrong: New idiots, same as the… actually these idiots might be worse US economy grew faster under balanced budgets $$ Sep 27, 2013
  • Wrong: Reduce working week to 30 hours, say economists More work means more production means more GDP, Consumption $$ Sep 27, 2013
  • Loony: Detroit Union Seeks 2 Revive `13th’ Pension Check Policy Practice that continues 4 28Y is a tacit agreement $$ Sep 27, 2013
  • Wishful thinking: Let ObamaCare Collapse Until the US itself fails, no entitlement has ever been eliminated $$ Sep 26, 2013
  • Wrong:Shinzo Abe: Unleashing the Power of ‘Womenomics’ This comes from nation w/a shrinking population. Ridiculous $$ Sep 26, 2013
  • Wrong: How Sensitive Is Public Pension Funding to Investment Returns?! Should use mkt-based assmptns not historic $$ Sep 25, 2013
  • Wrong: US city, county public pension levels sank in 2012! 2 optimistic, b/c risk assets bottomed in late 2002 $$ Sep 25, 2013
  • Wrong: Don’t Be Alarmed by Obamacare’s Failures PPACA doesn’t make actuarial sense, young people won’t participate $$ Sep 24, 2013
  • Wrong: Yellen Isn’t a ‘Knee-Jerk Dove,’ Kroszner Says Favoring negative interest rates == ‘Knee-Jerk Dove’ $$ Sep 24, 2013



Replies, Retweets & Comments


  • Thanks @TightTalk @BabyFreshNuggz @X9T_Trading for being top new followers in my community this week (insight via Sep 27, 2013
  • “Here is part of my solution: accounting for repos should be bifurcated, so that is not treated …” — David_Merkel $$ Sep 27, 2013
  • Loonies, Detroit is dead MT @ToddSullivan: RT @AmyResnick: just wow. Detroit Union Seeks to Revive `13th’ #Pension $$ Sep 27, 2013
  • Believe MT @ReformedBroker: You’re not gonna believe this – but Detroit’s pension doled billions left and right $$ Sep 27, 2013
  • RT @ezraklein: Perhaps if President Obama makes the House GOP 300 sandwiches, they’ll agree to lift the debt ceiling. Sep 27, 2013
  • #FollowFriday Thanks @ReformedBroker @pelias01 @researchpuzzler for being top influencers in my community this week 🙂 Sep 27, 2013
  • ‘ @allstarcharts @jfahmy The 1st discipline of investing/trading is humility; even if you know more, the timing/environment can be tough $$ Sep 27, 2013
  • Commented on StockTwits: I think Watsa can be trusted. Aside from financials in the old days that were dodgy, I th… Sep 27, 2013
  • Thanks @abnormalreturns @dpinsen for being top engaged members in my community this week (insight via Sep 26, 2013
  • “I never directly pay for research… most of it is freely available on the web. What is not, I…” — David_Merkel $$ Sep 26, 2013
  • “This is already known by those that study the statistics. Look at year over year figures, you …” — David_Merkel $$ Sep 26, 2013
  • I just left a comment in “We’ve got bubbles, we’ve got troubles – MarketWatch” Sep 26, 2013
  • ‘ @Reddy Cummings is my gerrymandered rep. He is by far one of the most intellectually underpowered members of the House, & that says a lot Sep 25, 2013
  • @moorehn @ReformedBroker @SimoneFoxman @SallyPancakes @kensweet @jennablan They r favorites of mine. $$ Sep 25, 2013
  • Entitlements will have to be reduced; it is only a question of how and when. Druckenmiller’s presentation:… Sep 24, 2013
  • Thanks @MarshaCollier @EdmundSLee @rwohlner for being top new followers in my community this week (insight via Sep 24, 2013
  • Thanks @researchpuzzler @pelias01 for being top engaged members in my community this week (insight via Sep 23, 2013