Eurozone

 

• Germany Signals Shift on Europe Aid http://t.co/AcnaysGz “a common fiscal policy would be irreversible and well coordinated.” $$ Jun 29, 2012
• Bermuda on track to comply with EU insurer rules http://t.co/TFdvIr1D If not, cos reinsured could not take full reserve credit;wud lose biz Jun 26, 2012
• How Germany?s euro fight has turned Orwellian http://t.co/fjwZFYvb “foreigners shouldn?t overestimate Germany?s financial capacity.” $$ Jun 26, 2012
• Hollande Reality Makes French Debt Less Attractive http://t.co/Rroiv8TI Bondholders care about getting repaid. Hollande = higher risk $$ Jun 26, 2012
• Germany to Confront United Euro Bloc at Summit http://t.co/vWLyG6ND Time to bring back the D-mark, or, centralize the E-zone into a nation Jun 25, 2012
• All the bail-out systems under the sun cannot make the eurozone work http://t.co/apMBQ3FB The loans, at whatever rate, cannot b repaid $$ Jun 25, 2012
• Merkel Parries Push for Euro Debt Plan as Growth Outline Agreed http://t.co/JLWa9Ley Merkel repeated ?liabilities & controls go together? Jun 24, 2012
• Bundesbank Swipes at Draghi as European Fault Lines Deepen http://t.co/EwRMq9kT Do you want your currency 2b a stable unit of account $$ Jun 24, 2012
• Spanish Government in Denial: Banks Need 100B EUR to Recapitalize http://t.co/r1FaA0Lp Eurozone is under stress & estimates capital low $$ Jun 24, 2012

 

US

 

• TEXAS SHIFT MAY SHOW WAY OUT OF IMMIGRATION STALEMATE http://t.co/eWN2NYuV Favoring guest-worker programs may break national stalemate $$ Jun 29, 2012
• A defense of the tax exemption for municipal bonds (part one) http://t.co/xYV1S4Ft @munilass explains the reasonable nature of the exemption Jun 29, 2012
• Congress Would Hate to Lose Its Tax-Code Toys http://t.co/2iifOmcE @cabaum points out that our current policies aren’t working $$ Jun 29, 2012
• All municipalities that raise employee benefits without respect for costs deserve bankruptcy: thus Stockon, CA $$ http://t.co/5ZQITDW2 Jun 29, 2012
• Pt 2 — individual does not survive, and the fragmentation of the decision makes the interpretation messy; Obama implements asmuch he can $$ Jun 26, 2012
• Going to toss out a wild idea on #scotus & PPACA/Obamacare; several concurring opinions get issued overturning aspects of the law, but… $$ Jun 26, 2012
• Yield spreads widening, Industrial commodity prices falling. I think those are the main factors. http://t.co/qehXYflS? http://t.co/EKG81LB0 Jun 26, 2012
• No such thing as animal spirits, businessmen r cautious w/debt $$ RT @EconTalker: Spending is the consequence of prosperity, not its cause. Jun 26, 2012
• Biggest U.S. Banks Curb Loans as Regional Firms Fill Gap http://t.co/kxqgOjwu Lending reduction from bigs is > increase from regionals $$ Jun 26, 2012
• Flood Cleanup Continues in Duluth http://t.co/XXNH1oW6 “surge of run-off from the hill made the flood so dramatic.” Duluth flooded? $$ Jun 25, 2012
• Stockton, CA Nears Bankruptcy http://t.co/H2GTkjrl Will reduce employee benefit costs; muni bondholders likely be paid $$ 14x Vallejo Jun 25, 2012
• States Face Pressure on Pension Shortfalls http://t.co/h1U5PYbE GASB finally gets spine & tells states their pension acctg is liberal $$ Jun 24, 2012

 

Comments

 

• @RMGSelection They get clones of portfolios that I personally own Jun 29, 2012
• @RMGSelection I manage separately managed accounts of stocks and bonds for upper middle class individuals and small institutions Jun 29, 2012
• @RMGSelection You’re welcome, but I don’t do Facebook 🙁 Jun 28, 2012
• @BubblesandBusts 40% banks; top 10 75%, too much downside risk in a real washout, would rather consider $TEF, $REP, or maybe a CEF… $$ Jun 27, 2012
• You’re sounding good, keep it up $$ RT @ReformedBroker: @AlephBlog bob auer from auer growth fund Jun 26, 2012
• @ReformedBroker Who was the GARP mgr that you were interviewing late in the 1st hour, and early 2nd hour? Jun 26, 2012
• @CLHinkle I don’t know enough about Gina Rainmondo; don’t live there, etc. What little I have seen of her I have mostly liked $$ Jun 26, 2012
• “Hard to see how Telefonica $TEF goes bust. 5.4% is a lot of spread… $$” ? David_Merkel http://t.co/P37qVme0 Jun 26, 2012
• EJ made its name w/quantitative models of corporate risk; govts aren’t the same $$ RT @fundmyfund: Egan Jones has jumped the shark Jun 26, 2012
• RT @TheOneDave: Chemicals ought to come with a U.S. economic warning label. See this Chart of the Day: http://t.co/JgeNLCTI via @Bloombe … Jun 26, 2012
• What a chart, but price was lower in April 2000 $$ RT @BarbarianCap: Arch Coal $ACI lifetime low, I think. Jun 26, 2012
• RT @historysquared: sustained negative real yields in advanced economies (preceded double digit inflation in the 70s) http://t.co/qAhT1Y6m Jun 26, 2012
• Well done! $$ RT @AmyResnick: Well beyond bonds: Digging into reports from muni borrowers : Reynolds Center http://t.co/8VqthumF Jun 26, 2012
• Switched back 2 old RT @asymmetricinfo: New Tweetdeck app has broken the ability to follow conversations. Curse you, Tweetdeck developers! Jun 26, 2012
• ‘ @grossdm Skills that can be used by multiple employers r typically paid for by the employee; company-specific skills by the employer $$ Jun 25, 2012
• @moneyscience I didn’t find this compelling; my practical experience in holding multiple auctions says differently http://t.co/eO2OVeHl $$ Jun 25, 2012
• @manualofideas I agree, it is hard. But when I was a kid, my friends would say to me, “There r accidents, but Dave, that error took skill.” Jun 25, 2012
• @manualofideas there is the risk of continuing to lose money, and no deal emerges… $$ Jun 25, 2012
• @saraeisenFX Dissolving the Euro would be the smartest idea, but ideologues insisting on “closer & deeper union” will say otherwise $$ Jun 25, 2012
• Diversification: A substitute for knowledge & a poor one $$ RT @EddyElfenbein: The most over-rated investing concept = diversification. Jun 25, 2012
• Can also pull into XL http://t.co/iFcz0Hf3 RT @TheStalwart: Wow, you can download all the data on FRED in one big file. http://t.co/yFiymSDu Jun 24, 2012
• @manualofideas What I sent to the SEC: http://t.co/vuNGATPK Only 2 pgs long, but offers a simple solution. Let me know what u think Jun 24, 2012
• @manualofideas Two pages: http://t.co/vuNGATPK Let me know what you think. I think this is the best proposal so far. Jun 24, 2012

 

Fraud

?

• New bank theft software hits three continents http://t.co/ImYJHG38 “sophisticated enough to defeat… two-factor authentication” b aware $$ Jun 26, 2012
• Greed is an attitude, and it is not good. It is present with people who are addicted to making more. More, more, more? http://t.co/ChDSAB4T Jun 26, 2012
• 1 Year of Your Life and $100,000: Growing Cost of Medical ID Theft http://t.co/7FUFfmGV Important 2b aware of this new form of ID theft $$ Jun 26, 2012

Market Currents

 

• Do Good Investment Managers Give Away Great Ideas? It?s Entirely Rational According to New Study http://t.co/g00pNfDy @sumzero & Value IC $$ Jun 26, 2012
• Tropical Storm http://t.co/J16JmXP7 The same could be said of pricing/trading in the bond market, and few complain about that. $$ Jun 26, 2012
• Chesapeake Slumps On Report Of Scheme To Suppress Land Prices http://t.co/HTTKi80j Another cockroach. Y I saw 1 of those yesterday… $$ Jun 25, 2012
• Kepos’ quiet touch wins favor among quant funds http://t.co/EG7Dydaj Remains 2b tested. As a quant, how do u avoid crowded trades? $$ Jun 25, 2012

 

Miscellaneous

 

• In a Shift, Chinese Exporters Cling to Dollars http://t.co/gaEIIW5I As I have sometimes said, it may be that the Yuan is overvalued $$ Jun 29, 2012
• Central Banks Commit to Ease as Threat of Lost Decades Rises http://t.co/3h4MPgKn “It?s going 2b very hard for them 2 stimulate demand” $$ Jun 25, 2012
• Should Tenure for College Professors Be Abolished? http://t.co/rvk7kena Tenure rewards the past, 2 the possible neglect of the future $$ Jun 25, 2012
• Borg Bashes Banks in Sweden Shielding Housing Bubble http://t.co/Z0SISjQC Can a housing bubble be deflated w/o significant fallout? $$ Jun 25, 2012