Sorted Weekly Tweets

US Politics & Policy

  • The Potential Bubble the Federal Reserve Cares Most About Worrying about a bubble in the bond mkt $$ May 03, 2014
  • The Weekend Interview: The Investors at War With Political Power Courts protect our liberties from bureaucracies $$ May 03, 2014
  • Detroit Homeowners Gun Down Burglars as Police Wait for Cars This is the future of many US cities w/tight budgets $$ May 03, 2014
  • Railway exec: Keystone debate not about rail versus pipes Aiming 4 safer tank cars & separating out natgas liquids $$ May 02, 2014
  • Xerox CIO Fixing Nevada Health Exchange, as Tough Decisions Loom Bad job by $XRX but at least they trying 2 fix it $$ May 02, 2014
  • For Now, Justice Ginsburg’s ‘Pathmarking’ Doesn’t Include Retirement Interesting piece on liberal SCOTUS leader $$ May 02, 2014
  • The Supreme Court’s EPA Ruling Dims Lights on Coal Power Plants This will eventually be reversed when shale fails $$ May 02, 2014
  • The Coming Two-Tier Health System The longer PPACA goes on the more people will c benefits limited & costs rise $$ May 02, 2014
  • California City of Torrance Grapples With Toyota Relocation to Texas Despite denials this happened b/c hi CA taxes $$ May 01, 2014
  • The Missing Benghazi Email New evidence that Ben Rhodes told Susan Rice and Hillary Clinton to blame the video $$ May 01, 2014
  • Shifting Demographics Tilt Presidential Races in US Burbs $$ Demographic effect politics will shift when OASDI chokes May 01, 2014
  • Half of people living in Illinois and Connecticut want to get out Maryland #3 b/c of high taxes $$ $SPY $TLT May 01, 2014
  • Yellen Concerned Fed Model Fails to Predict Price Moves Been true 4 a long time; Neoclassical Macroeconomics fails $$ May 01, 2014
  • U.S. on Highway to Flunking Out @Ritholtz Maybe US gasoline taxes could b dedicated to infrastructure & fix this $$ May 01, 2014
  • Property-Tax Collections Rising at Fastest Pace Since US Crash My, but that was a short respite from hi prop taxes $$ May 01, 2014
  • Student-Debt Forgiveness Plans Skyrocket, Raising Fears Over Higher Tuition Forgiveness programs abused 2milk Govt $$ May 01, 2014
  • Lawyers Sue Stock Market for Being Rigged @matt_levine tells us about a plaintiff suing every broker & exchange $$ Apr 30, 2014
  • Will the Fed s Capital Rules Interfere with Monetary Policy? Leverage affects banks short-run-> margins adjust up $$ Apr 30, 2014
  • The Economic and Environmental Costs of Wasted Food Difficult to avoid; need for inventories, transport costs high $$ Apr 23, 2014



  • Treasuries Irresistible to America’s Banks Awash in Cash Clip a small interest margin, take little risk $$ May 03, 2014
  • Big US Banks Make Swaps a Foreign Affair 5 banks intermediate 95% of derivatives $$ May 03, 2014
  • Fidelity Reaps Rewards as Banks Lose Bond Muscle If the sell side does not provide liquidity, the buy side will $$ May 03, 2014
  • Bank of America Lost $2.7B in a Maze of Accounting Acctg gets screwy when you mix fair value & book value elements $$ May 02, 2014
  • Traders Join Exodus as Forex Probes Add Pressure on Costs Difficult to dominate such a big mkt, but maybe they did $$ May 02, 2014
  • Warren Buffett Does Not Understand the J.P. Morgan Derivatives Positions He acts to protect Berkshire vs bad debts $$ May 02, 2014
  • Fed Citing Wall Street Lapses Leads Drive on Bonds as Pay Light version of the old “double liability” regime $$ $XLF May 02, 2014
  • Stress Tests Forecast $190B in Losses at $FNMA, $FMCC in Severe Downturn also this article $$ May 02, 2014
  • Traders Denied M&A Payday as Firms Use Cash Global firms buy assets in native currency, thus don’t need FX traders $$ May 01, 2014
  • Fixed-income houses double down Less yield to fight over makes the fight all the tougher $$ $TLT May 01, 2014
  • Easier Homeowner Credit Compelling $WFC Cut min credit score 4borrowers of $FNMA & $FMCC loans 660->620 $$ FD: + $WFC May 01, 2014
  • Wall Street Bond Dealers Whipsawed on Bearish Treasuries Bet Caught leaning the wrong way as US economy weakens $$ Apr 30, 2014



  • Chinese Bad-Loan Ratio Rises ‘Significantly,’ Huarong Says Costs of prior malinvestment weigh on China $$ May 03, 2014
  • Xi’s Squeeze Leaves China’s Heartland Missing Boom Efforts to constrain bad bank loans slows Chinese economy $$ $FXI May 03, 2014
  • Wealthy Chinese replace Russians as top apartment buyers Better to buy in NYC than Shanghai, Hong Kong, Singapore? $$ May 02, 2014
  • How Women Lost as Out China’s Property Market Boomed China lacks law protecting married women’s property interests $$ May 02, 2014
  • Green Batteries’ Graphite Adds to China Pollution Buy a $TSLA or a $HMC Prius, send polluted rain to China $$ $SPY May 01, 2014


Rest of the World

  • Poland’s Tusk Proposes Energy Union 2 Break Russian Hold on Gas Wishful thinking as infrastructure 2 deliver lacks $$ May 03, 2014
  • More Italian Women Are Choosing to Have No Children A nation that does not have children is irrelevant $$ May 03, 2014
  • Portugal Grabs Cheap Bond Deal With Eye on Bailout Exit Debt problems r not resolved, but mkts feel better 4 now $$ May 03, 2014
  • German Ship Captain Swamped in Debt Underscores Bank Risk Current EU economic policies hide bad debt risks $$ May 03, 2014
  • GoldenTree Goes Bold in Buying Russian Corporate Bonds “Russia, it’s a strong credit in a difficult environment,” $$ May 03, 2014
  • One Missing Jet, One Sunken Ferry, Two Responses @WilliamPesek compares Malaysia & S. Korea & responses 2 disaster $$ May 02, 2014
  • Turkey’s Erdogan: 1 of the World’s Most Determined Internet Censors #twitterisblockedinTurkey $$ #internetchangesall May 02, 2014
  • German Businesses Urge Halt on Sanctions Against Russia Is business so global that major wars can’t be fought? $$ May 02, 2014
  • How Canada’s Flirtation w/a China Oil Market Soured Why Canada will NEVER ship crude to China via a Pacific port $$ May 02, 2014
  • Georgia Pushes for Fast Path 2 NATO on Russian Threat Is Georgia worth annoying Russia? Avoid entangling alliances $$ May 02, 2014
  • US sanctions raise concerns for foreign investors Or, maybe not: $$ May 02, 2014
  • Google Warning on Russia Prescient as Putin Squeezes Web Social Media has its downsides if Govt uses it against u $$ May 02, 2014
  • Liquidity Trap Hitting AAA Bonds Has ATP CEO Sounding Alarm Curbing speculation has led 2 decreased bond liquidity $$ May 02, 2014
  • Israelis Without ABCs Unready2Power Startup Nation’s Economy He that doesn’t teach his son a trade teaches him2rob $$ May 01, 2014
  • Tokyo Inflation Quickens to Fastest Since 1992 Worth watching, as inflation is not the friend of Japan ultimately $$ May 01, 2014


US Economy 

  • Colleges, Employers Rethink Internship Policies Unpaid internships often don’t lead to jobs, just use your time $$ May 03, 2014
  • Apprenticeships Help Close the Skills Gap. So Why Are They in Decline? If they weren’t tied 2 labor unions… $$ May 03, 2014
  • Calculated Risk: Ranking Economic Data Bill McBride gives his opinions on what economic data is most important $$ May 03, 2014
  • Union Blasts Staples-Run Postal Outlets Of course, they don’t want the competition $$ May 03, 2014



  • Energy Future Junior Creditors Test Bid for Fast Bankruptcy Deal A warning to those doing big LBO deals in a boom $$ May 03, 2014
  • Shale Drillers Feast on Junk Debt to Stay on Treadmill Fascinating look many junk-rated E&P companies paying 5.4% $$ May 02, 2014
  • Valero to Suncor Shun Overseas Imports in Eastern Canada Oil imports falling in Eastern N.America, Brent spd eases $$ May 02, 2014
  • Berkshire Hathaway Energy Buys AltaLink Power-Transmission Company Buffett wants long-lived infrastructure assets $$ May 02, 2014
  • Shale Revolution Lures Trading Houses 2US Energy Assets If u can understand physical flows, there’s a value chain $$ May 01, 2014
  • Drones Are Becoming Energy’s New Roustabouts Can cover more area and c things that a person could not c & record $$ May 01, 2014
  • Challenges Lie Ahead for North American Oil Production We’re running out of cheap crude oil $$ Apr 22, 2014

Market Impact

  • Defensive Value ETF Races to New Highs This isn’t defense; many people throw $$ at stocks that offer dividends May 03, 2014
  • Chile CEF’s Premium a Case of Yield Lover’s Mirage Be wary: not all distributions indicate recurring yield $$ May 03, 2014
  • Hedge Funds Short Small Caps Most Since ’04 Dangerous trade, b/c mkt can b insane longer than u remain solvent $$ May 03, 2014
  • Howard Marks’ Brilliant Observation On What It Takes To Be A Great Investor Be different, & right often enough $$ May 02, 2014
  • Junk Loans Pulled as Buyers Say No After Fed Voices Worry Junk-loan MFs had their 1st outflow in week ended 4/16 $$ May 02, 2014
  • Why This Bull Market Feels Familiar Low earnings in tech IPOs, momentum & loose monetary policy $$ $SPY May 01, 2014
  • Why Investors Love Hedge Funds @Ritholtz teaches us about high fees, & decrasing effectiveness as they grow large $$ Apr 30, 2014



  • Ballmer Becomes Largest Individual Microsoft Shareholder Bill Gates always had an exit strategy from $MSFT $$ May 03, 2014
  • Apple Sells $12B of Bonds to Keep Cash Overseas Avoiding the tax hit is more important leverage across borders $$ May 03, 2014
  • Berkshire Meeting, Now ‘Woodstock for Capitalists,’ Had Humble Start Nobody goes there anymore; it’s too crowded $$ May 02, 2014
  • Buffett Wants Tough Questions? How About These? Ask him about the Harney Investment Trust, his shadowy creation $$ May 02, 2014
  • Verizon Loses Cellphone Customers for First Time Interesting, wonder if it is a trend… $$ $VZ May 01, 2014
  • IBM End to Buyback Splurge Pressures CEO to Boost Revenue Buybacks can only do so much; organic growth needed $$ $IBM May 01, 2014
  • FM Global CFO: Know Your Supply Chain Real disasters happen when multiple things go wrong at the same time $$ $SPY May 01, 2014
  • ‘I Think Google’s Pretty Dangerous and Thuggish. I’ve Always Said That.’ Trying 2 defend yourself; not saying much $$ Apr 28, 2014


Personal Finance

  • Does Anyone Play It Straight in Markets? @ritholtz warns u that many in the mkts r trying to separate u & your $$ May 03, 2014
  • Feeling Cool About A Hot Personal Finance Book When someone tries to sell u insurance 4 a savings need, go away $$ May 03, 2014
  • 4 Alternatives to Reverse Mortgages Refinance, Home Equity Loan, Sell the Home (maybe to your kids) $$ #sell May 02, 2014
  • Work and Live, Retire and Die @Ritholtz People plan to retire later than they actually do & life interferes $$ $SPY May 02, 2014
  • How to Choose the Right Mutual Fund Omits active share, good mutual funds typically look un-indexlike $$ May 01, 2014
  • If You’re Not Saving, You’re Losing Out It’s not the money u make, it’s the money u keep that counts $$ $SPY $TLT May 01, 2014



  • The Questionable Link Between Saturated Fat and Heart Disease There has never been more disagreement over food $$ May 03, 2014
  • Will That Golfer Choke? New Field of Mental Analytics Tees Up Answer Can analytics make u think better in sports $$ May 03, 2014
  • Cyber security: business is in the front line This isn’t a soft cost anymore; the need to secure IT is vital $$ May 03, 2014
  • Remember Life Before Antibiotics? No? Wait, It’ll Come to You Antibiotic resistance grows, obsoleting some drugs $$ May 02, 2014
  • How the ‘Jesus’ Wife’ Hoax Fell Apart Hoaxes & apochrypha have circulated since the Apostles. They always crumble $$ May 02, 2014
  • Why Some MBAs Are Reading Plato Schools Try Philosophy to Get B-School Students Thinking Beyond the Bottom Line $$ May 01, 2014
  • Does Baseball Have to Be So Slow? Dawdling by batters & pitchers, & an increase in strikeouts makes games drag $$ May 01, 2014
  • The world’s smallest magazine cover is 2,000 times smaller than a grain of salt Nanotech: we do it because we can $$ May 01, 2014
  • Why Militaries Mess Up So Often Officers trained during peacetime tend not to take the risks necessary in wartime $$ May 01, 2014



  • Wrong:Nontraded REIT returns: Where to put cash now? Avoid illiquidity unless u r paid 4 it. Avoid big commissions $$ May 03, 2014
  • Wrong: China’s Century Starts Now @BloombergView Wait until after the banking crash & recovery, then write this $$ May 01, 2014
  • Wrong: Money-Market Funds As Safe as Banks, Except When They’re Not Banks fail more often & losses r more severe $$ May 01, 2014


Retweets, Replies, and Comments 

  • “Ask Buffett about the Harney Investment Trust:…” — David_Merkel $$ May 02, 2014
  • Commented on StockTwits: Whoops, and I should have gotten that one right May 01, 2014
  • “Paul, try valuing BRK off of increase in book value per share, and the metric comes out to a more…” — DavidMerkel $$ May 01, 2014
  • “Now try to explain how long yields fell the last time the Fed tightened.” — David_Merkel $$ FD: + $TLT May 01, 2014
  • “If citizens are not created/educated by 18, you won’t have good citizens.” — David_Merkel $$ Apr 29, 2014
  • “This may be a game of “Who has the stronger balance sheet?” $HLF or Ackman?” — David_Merkel $$ Apr 29, 2014
  • @Peter_Atwater @Minyanville @Socionomics Thanks, Peter. Means a lot coming from you. Apr 28, 2014
  • @ReformedBroker @ritholtz feel free to repost it (w/credit to me) if you like Apr 28, 2014
  • RT @felixsalmon: For the record, I never said, nor do I believe, that text is over. I’m still going to be writing lots of text! Apr 28, 2014
  • RT @victorricciardi: @researchpuzzler @AlephBlog @jciesielski @tobyshute Tom Great meeting you Thanks for your ideas for promoting my new b… Apr 25, 2014
  • RT @researchpuzzler: thanks to CFA Society Baltimore @AlephBlog @victorricciardi @jciesielski @tobyshute for the great exchange of ideas Apr 25, 2014
  • RT @ppearlman: summer must read – “@reformedbroker: CLASH OF THE FINANCIAL PUNDITS: COUNTDOWN BEGINS NOW!” Apr 25, 2014
  • RT @abnormalreturns: Had to Google ‘cable network Fusion’…RT @felixsalmon: It’s out: I’m going to Fusion Apr 24, 2014
  • RT @ChemistryVines: Mercury(II) thiocyanate (Hg(SCN)2) Apr 23, 2014
  • @Calvinn_Hobbes I don’t know. We all want to grow up, until we do grow up. Only the foolish regret growing up. Apr 22, 2014