Rest of the World

 

• Chavez ?Likely? to Lose, Supporting Bonds, Barclays Says http://t.co/zcufsNLN Something optimistic 4a Friday afternoon; but will he go? $$ Oct 05, 2012
• Spain Sees Divorce Driving Breakup of Towns in Recession http://t.co/J423DVhS Badly handled, economic problems lead2 relationship problems Oct 05, 2012
• BOJ Seeks Help Against Deflation http://t.co/G1ONwoA7 Contrary to popular belief, low central bank policy rates inhibit growth $$ Oct 05, 2012
• Europe Jumps on Bank-Overhaul Bandwagon http://t.co/daaAcm0l also http://t.co/oxESdQiY Basel has done a bad job setting capital levels Oct 03, 2012
• How ECB Chief Outflanked German Foe in Fight for Euro http://t.co/KWlbuvkT Clever politician sways Merkel through Hollande & wins4now $$ Oct 03, 2012
• The real risk is the Capriles wins by a little, & Chavez finds a way to retain power. $$ http://t.co/k5f5082A Oct 03, 2012
• Property Funds, Bonds Supplant Europe Lenders http://t.co/ebXwgIxa Banks can’t lend; watch currency risk, liquidity risk & credit risk $$ Oct 02, 2012
• Longest Rally in Nine Years for JGBs on Deflation http://t.co/dCzC59cM 6th straight quarter of gains: matches a similar stretch in 2003 $$ Oct 02, 2012
• Norway?s Wealth Fund Targets U.S. Real Estate by End 2013 http://t.co/JQalAy2U They have a long time horizon; this isn’t 4 speculators $$ Oct 02, 2012
• Spain Expects a Wider Budget Gap http://t.co/5AHLEGGI No surprise, Eurozone numbers r routinely gamed, b/c there is no enforcement $$ Oct 02, 2012
• Trade Slows Around World http://t.co/YkTFRBDE Kind of a soggy feeling w/China slowing, huge gov’t deficits & loose $$ policy Oct 02, 2012

Energy

 

• Bakken Crude Prices Rise as Railroad Reach Grows http://t.co/m34o45AD Fascinating 2c transportation matching crude supply & demand $$ Oct 05, 2012
• Natural Gas Glut Pushes Exports http://t.co/ycNBikZR Usually big, aggressive investments don’t work out. Small ones are manageable $$ Oct 05, 2012
• California Refiners Ration Gasoline as Prices Near Record http://t.co/sWGlRBF1 also http://t.co/gk85k7jC Price of EPA fuel rules $$ Oct 05, 2012
• Regulations help create shortages because gas in 1 area can’t be used in another. Time to simplify & have fewer blend? http://t.co/Y925MhFg Oct 04, 2012

 

Companies

 

• Jet-Lease Billionaire Udvar-Hazy Takes On $AIG Hand That Fed Him http://t.co/04THKwF7 When AIG bot ILFC, took stock to avoid taxes, oops Oct 05, 2012
• Apple?s Steve Jobs: What He Knew in 1983 http://t.co/JyLPvlbW Jobs was an amazing guy. What he foresaw makes him even more amazing. $$ Oct 04, 2012
• Dan Loeb and Boyz II Men: Break Up Murphy Oil http://t.co/MdPhjujW $MUR doesn’t want to break up, but many oils cos r going that way $$ Oct 04, 2012

 

Federal Reserve

 

• When central banks feel they need to reveal more & show action, they fall into a trap of over-acting, which leads to a liquidity trap $$ Oct 05, 2012
• Fed Seeks to Clarify Plans http://t.co/DzOT2NXj Fed transparency is a bad idea. Fed managed $$ policy better when it revealed little Oct 05, 2012
• Rubik?s Revolutions http://t.co/Q3SAYuJ6 @izkaminska takes us through the vagaries of why QE doesn’t do that much. We r Japan now $$ Oct 03, 2012
• Don?t call it money printing, rubiks cube edition http://t.co/Eo5vkEkN No, QE is not money printing, but it won’t be easy 2 undo $$ Oct 03, 2012
• Bernanke Seeks Gains for Stocks in Push for Jobs http://t.co/Xby6Bvd9 Monetary policy favors the rich over the poor in the current Fed $$ Oct 03, 2012
• TIPS Show Inflation Alarm Fading as Options Give Fed Time http://t.co/YgLi0BDr Off ~15 bps since QE3 launch $$ http://t.co/J90Ch2FL Oct 02, 2012

 

Market Dynamics

 

• Despite Gains, Many Flee Stock Market http://t.co/JRhWY0c8 Y retail investors tend to lose- fail 2 buy & hold @ a moderate risk level $$ Oct 05, 2012
• Investors Jump Off the ‘Junk’ Pile http://t.co/iqbZRo5b New record in junk issuance, & a very low proportion of BBs, feels like 2006 $$ Oct 05, 2012
• Merrill Lynch, Morgan Stanley, Wells Fargo Keep Losing Market Share, And They May Be OK With It http://t.co/1gKpSevF RIAs Ascendent $$ Oct 04, 2012
• My (Not so) Golden Rules About Investing (& Not Investing) http://t.co/YNReadXs HT: @reformedbroker 25.75 tungsten-filled investing rules $$ Oct 04, 2012
• Early Impact Of 401(k) Fee Disclosure Rules http://t.co/HBdtk7Oy This will be big. When you really c how much expenses they charge, ouch $$ Oct 04, 2012
• They’re back! Yield hunt pushes funds into CLOs, CDOs http://t.co/x47V6xSc Into the final phase of the credit rally. Wind it tighter! $$ Oct 04, 2012
• Stop Me Before I Do Something Stupid http://t.co/tOjyLW7R Tips for becoming a more disciplined investor?and boosting your returns $$ Oct 03, 2012
• The Three Most Overrated (& Underrated) Financial Planning Recommendations http://t.co/eIMjtTjt Worth a read $$ Oct 03, 2012
• For Warren Buffett, the cash option is priceless http://t.co/srmJcalh If you have the discipline, the cash option has value, if not no $$ Oct 03, 2012
• Damages http://t.co/MzXBB2QR Bill Gross takes an inflationary view, & assumes that the deflationary forces of the world will go away $$ Oct 03, 2012
• Dylan Grice Writes His Most Negative Note Ever http://t.co/VIhFGEEc Notes that the present QE policy favors the rich over the poor $$ Oct 02, 2012
• America?s new subprime boom: This time it?s cars http://t.co/EBkXqw0a This will b a positive trend for 2 yrs; worry out in 2014 $$ Oct 02, 2012
• 6 reasons to dump a bad mutual fund http://t.co/IleCG33t Could b simpler: sell when you find a fund w/better prospects net of loads $$ Oct 02, 2012

 

Politics

• The Romney Reboot Arrives http://t.co/ViEoTb5L I’m voting 3rd party, but it is interesting 2c the presidential contest liven up $$ Oct 04, 2012
• How to Make an Ailing World Economy Even Sicker http://t.co/XDiOkq5U The idea of gradually reducing the deficit is politically naive $$ Oct 03, 2012
• Romney’s Middle-Class Tax Sale http://t.co/qywvSVXM The devil is in the details, & true of Obama as well. Ended up being Bush-plus $$ Oct 03, 2012
• Romney Floats Idea of Itemized Deduction Cap http://t.co/E5nkUUO3 Has to be a cleaner way 2 do this. Ah, return to TRA ’86. Simple $$ Oct 03, 2012
• Obama Cabinet Flunks Disclosure Test With 19 in 20 Ignoring Law http://t.co/Nt07Bgwu Less transparent than Bush http://t.co/NZ6A3PIs $$ Oct 02, 2012

 

Bank Regulation

 

• Bank-Friendly US Regulator Shifts Focus to Revamp Reputation http://t.co/xUVY1UOE OCC is actually going to regulate banks?! Who knew? $$ Oct 04, 2012
• Freddie’s Foreclosure Plan Hits Roadblock http://t.co/XrUeAjze We don’t get it. After 2 much debt financing housing we seek more debt $$ Oct 03, 2012
• Banking should be a low ROE business.? High capital levels keep the banking system safe. $$ http://t.co/uUntNaXw Oct 03, 2012
• Intelligence Exits Washington, Vacancies Rise http://t.co/VJt1y4KU Will b interesting 2c how comm RE pricing shifts as Wash DC retrenches Oct 03, 2012
• Banks Like Munis; Mom-and-Pop Investors Don’t http://t.co/ugDPBL4F I don’t get how banks w/short liabilities can buy long munis $$ Oct 03, 2012
• Sheila Bair: The one thing banking regulators should do now http://t.co/tu5jGYx4 Her solution is to raise capital requirements $$ Oct 02, 2012
• A Very Strange Way to Assess the Safety of Banks http://t.co/8u05kbZO Simpler metrics than Basel r needed; complex ones r easy 2 game $$ Oct 02, 2012

 

Other

 

• Big Picture Conference 10/10/12 http://t.co/IrsvZtU0 Lineup: Barofsky, Grice, Yamarone, O’Shaughnessy, Ritholtz, Rosenberg, Bianco & more $$ Oct 04, 2012
• Bill Gross calls for a balanced budget so that all Treasury bonds & his bonds will get paid in full. $$ http://t.co/lTzq5zmf Oct 02, 2012
• SEC Leads From Behind as High-Frequency Trading Shows Data Gap http://t.co/H6YnjVWr SEC way behind $NDAQ & $NYX in understanding HFT $$ Oct 02, 2012

 

Comments

 

• RE: She bought Paypal, the most valuable part of $EBAY . What more could you ask for? $$ http://t.co/tfEVghRF Oct 04, 2012
• Commented on StockTwits: Name 3 insurers that have managed Life & P&C operations well… I am a former insurance buy… http://t.co/aMsgW4nN Oct 03, 2012
• Commented on StockTwits: Pretty certain that the DTAs would be divided up in a breakup. Insurance acctg tracks DTAs … http://t.co/NGmkWSmk Oct 03, 2012
• RE: @bloombergview This really seems like wishful thinking. Huge difference in the way most Muslims & Westerners thin? http://t.co/rMt8w3zf Oct 03, 2012
• Commented on StockTwits: $HIG has issues with variable products 2a higher degree, even though $AIG has the same issu… http://t.co/JWzZSvrV Oct 03, 2012
• Commented on StockTwits: There r no synergies btw each of the 3 groups: no advantage to having P&C, Life & Other tog… http://t.co/sRU7zWys Oct 03, 2012
• Commented on StockTwits: I would split P&C & Life & everything else — still a valid idea. http://t.co/FPAXZZUX Oct 02, 2012
• RE: @PS46MMUCF4PDUIQ4LRUF3DMW2A That doesn’t solve “fat finger” problems, rogue automated trader, or feedback loop pr? http://t.co/EgjYsqbZ Oct 02, 2012

 

Replies

 

• @incakolanews Could be… or maybe Barclays is trying to reduce its VZ bond inventory… Oct 05, 2012
• . @The_Analyst The life insurance industry got burnt on CDO crops 1 (1998) & 2 (2001), but not 3 (2008), what will crop 4 yield? $$ Oct 04, 2012
• @BlackRaven999 Both stock & flow are important, that is what makes this complex 2 understand Oct 03, 2012
• @DividendMaster I think that either a significant recession &/or inflation is unavoidable. Delayed deficit decline means no deficit decline Oct 03, 2012
• @BlackRaven999 Waiting till maturity leaves QE deposits in the system 4a long time due to twist. All removal of policy accommodation is hard Oct 03, 2012
• @hook910 Take it up w/Buffett who has done it successfully. Intelligent businessmen do it: buy cheap assets when opportunities allow. $$ Oct 03, 2012
• @hook910 With a long enough time horizon, and patient capital, market timing can succeed, value mgrs do this. This is what Buffett & FPA do Oct 03, 2012
• @hook910 So you admit that the value of dry powder does change over time. Thanks! 😉 Oct 03, 2012
• @hook910 It is not on option on cash, but cash can b thought of as an option on other assets. Was dry powder valuable in late 2008? Yes $$ Oct 03, 2012
• @wanderinggull I think it is a bit of a stretch Oct 02, 2012
• @DividendMaster They r attempting to lock in a smaller loss. Wonder when the yield on the 30-yr TIPS goes negative? $$ Oct 02, 2012
• @ReformedBroker I respect Chuck Royce, but basically he is estimating the odds of deflation as being very low. What if China shrinks? $$ Oct 02, 2012
• @TheStalwart Big installed base for LIBOR, easy to offer something better: even total up all US interbank lending 4a day, calc avg rate $$ Oct 02, 2012

 

Retweets

 

• RT @ppearlman: RT @AlephBlog: Break up $AIG. I said it first here: http://t.co/MKsYqMYo then here: http://t.co/fZ6EW85e $$ Oct 02, 2012
• Break up AIG $$ RT @ppearlman: RT @RonReuven @ppearlman no one understands all of $AIG’s assets or businesslines, including most of $AIG Oct 02, 2012