The Volatility Machine, or, Developed Markets Sneeze and Emerging Markets Catch a Cold

 

• Record Cash Leaves Emerging Market ETFs on Lira Drop http://t.co/KSVS4qlrGb Sold mine b4 the 1st Fed taper; China’s fin’l sys vulnerable $$ Feb 01, 2014
• Calm Broken in Markets Amid Concern of Emerging Contagion http://t.co/VnMtRrqXgs Emerging mkts decoupling from developed mkts wrong way $$ Feb 01, 2014
• Basci No Rebel as Elections to Dictate Turkish Rate Moves http://t.co/EFVGB1LbMD Raise rates to defend the lira, watch exporters sag $$ Feb 01, 2014
• Rajan Warns of Policy Breakdown as Emerging Markets Fall http://t.co/zW9QR49nRu Good guy, but fighting from a weak position $$ Feb 01, 2014
• Argentina 105% Stock Return Proves Illusory as Peso Sinks http://t.co/4T0LdDhPM7 Make high returns in Arg pesos, but what can they buy? $$ Feb 01, 2014
• Fragile-Five Selloff Cuts Rupee Issues to ?07 Low http://t.co/7anEAHc6Qd Volatility machine feeds tightening policy to weakest emerg mkts $$ Feb 01, 2014
• The Price of Argentina’s Devaluation http://t.co/WwCrpf8urI More devaluation 2 come, black market price of $$ 50% above official price $IRS Jan 30, 2014
• China Bank Regulator Said to Issue Alert on Coal Loans http://t.co/9w51A1v6RS Wealth management products embed significant credit risks $$ Jan 26, 2014
• Fernandez Ditches Argentina for Cuba Summit Amid Crisis http://t.co/3nH9dIC0vT May what happened to Khrushchev happen to Fernandez $$ $IRS Jan 26, 2014

 

Companies & Industries

 

• Amazon?s Boundless Spending Tested as Sales Growth Slows http://t.co/HPMVaVRDpV & http://t.co/ByiTZvlPLj $AMZN needs to raise its prices $$ Feb 01, 2014
• How IKEA Protects the Environment and Sofa Margins http://t.co/x1rGegBzm5 IKEA is a very clever company that sells furniture cheaply $$ $FBN Jan 30, 2014
• Walmart Expands Same-Day Grocery Delivery Test to Denver http://t.co/YrsuV006Zs Will b interesting 2c if this works profitably $$ $WMY $KR Jan 29, 2014
• Billionaires Fuming Over Market Selloff That Sinks Magnit http://t.co/ZD1uUx0J0M Never confuse trading value w/intrinsic value $$ $SPY $TLT Jan 29, 2014
• Branson?s Butanol Heading to U.S. as Ethanol Substitute http://t.co/8JAturnMXg I’ve been waiting for this; this is big & good. $$ $SPY $XLE Jan 29, 2014
• Ethanol Exporters Search for a Port http://t.co/h9oUb7aRne Key Problem: Industry’s Distribution Network, Built Around Domestic Market $$ Jan 29, 2014
• Apple’s $160B Mystery http://t.co/emZzU9mJ4d It is a mystery. What could you buy for $160B that would yield something like 10%? $AAPL $$ Jan 29, 2014
• With a Shortage of STEM Graduates, Accenture Hopes to Grab Them Early http://t.co/lH3cam3h9U Clever idea by $ACN getting real thinkers $$ Jan 26, 2014

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Financial Sector

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• Mortgage Volumes Hit Five Year Low http://t.co/IdgUULArJf Once policy accommodation ebbs, the housing mkt normalizes. 2 many houses $$ Feb 01, 2014
• Futures industry: A story of crisis and opportunity http://t.co/CGShQoC93M Interesting history of how the Chicago futures exchanges grew $$ Feb 01, 2014
• Sudden Swings in HSBC, Diageo Spur Trading Error Concern http://t.co/1Krn50FkYx “Fat fingers” can be a problem in computerized markets $$ Jan 30, 2014
• Wall Street Attracts Chop Shops 20 Years After ?Wolf? http://t.co/qkYgenUF49 This isn’t as large as it used 2b. Now more fraud online $$ Jan 30, 2014
• Companies Shift Strategies as Pension Funding Improves http://t.co/MhGhBFABc6 Smart to immunize pension liabilities when fully funded $$ Jan 30, 2014
• Friday Was a 90/90 Day and What It Means?http://t.co/lhm2LQeWN0 @Ritholtz tells us there has been a sea change & this is a correction $$ Jan 29, 2014
• Delinquent Debt Seized by Lehman Alum Seeing Recovery http://t.co/SsbGLA5Lh2 Hedgefund doesn’t own homes, but owns debt interest on homes $$ Jan 29, 2014
• The Hidden Risks of Bank Loan Funds http://t.co/AEe7kicHul A good piece by the estimable @davidschawel . U might need 2play defense $$ $BKLN Jan 29, 2014
• How the Safe Havens Stack Up http://t.co/csOSokPPWR For now nothing beats long US Treasury bonds FD: Long $TLT Jan 29, 2014
• SEC Accuses Legg Mason of Some Accidental Fraud http://t.co/5Gl2I0B0S9 Given the complexity of law, much fraud is boring $$ $LM $SPY $MDY Jan 29, 2014
• Puzzle for CFOs: Fixed or Floating-Rate Debt? http://t.co/vWxLEq6k8d Here’s the easy answer, do half fixed & half floating. Easy. $$ $BKLN Jan 29, 2014
• Mary Jo White Wants SEC to ?Rethink? Corporate Disclosures http://t.co/VFLKGGnTfM Overthinking it; many people don’t read risk factors $$ Jan 29, 2014
• BlackRock?s Fink Warns of ?Too Much Optimism? in Markets http://t.co/lkZYCY32HQ Fink is on target, vs the wishful thinking of bureaucrats $$ Jan 26, 2014
• Former Phone Psychic Fit Right in as a Quant Trader http://t.co/Eq8iyYE2Tv Very weird. Making money by selling illusions can b profitable $$ Jan 26, 2014
• Gold Mint Runs Overtime in Race to Meet World Coin Demand http://t.co/R7tjxZfTU3 Notable demand 4 physical gold amid falling prices $$ $GLD Jan 25, 2014
• Is Momentum on Your Side? http://t.co/x0Z3r64Lix This strategy works well, if u can handle the volatility. 2007-2008 flameout. $$ $SPY $MDY Jan 25, 2014
• How to Fine-Tune Your 401(k) Account http://t.co/0Q6N5NG0JP Worth a read if u have a 401(k). Consolidate, review allocations & savings % $$ Jan 25, 2014
• That last article is one reason interest rates should remain LOW. Retiring baby boomers turning assets into streams of income. $$ $TLT $TBT Jan 25, 2014
• Two Words: Private Equity http://t.co/E485SlKnn1 Private equity is still a risk asset, and goes through booms & busts, stick w/quality $$ Jan 25, 2014

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US Politics & Policy

 

• Christie Knew About Lane Closings on Bridge, Ex-Ally Says http://t.co/2YLuAOewGb If true, Chris Christie is toast, in the US & New Jersey $$ Feb 01, 2014
• Meanwhile, Back in America… http://t.co/J8LsjPtWNw It feels more like grief, Like the loss of something you never thought you’d lose $$ Feb 01, 2014
• The Republican Presidential Contender Everyone?s Overlooking http://t.co/FVMViawn5b I find John Kasich 2b unlikely, but so are the others $$ Jan 30, 2014
• Only the Foolish Pay the 45% Estate Tax http://t.co/bnMuQp6P55 @ritholtz tells truth on estate tax, rewards accntnts, lawyers, actuaries $$ Jan 30, 2014
• Minimum Wage Laws Kill Jobs http://t.co/Rfc8Ef174z Sad but true. From first principles this should be obvious 2 all $$ Jan 30, 2014
• The Unspoken Reason Obama Can’t Raise the Minimum Wage http://t.co/WlqxZtBxK3 Public opinion does not think poverty is important $$ $SPY Jan 29, 2014
• No Babies, No Stimulus http://t.co/4995BoqbER @asymmetricinfo says it well; if your population gets older, policy should be more austere $$ Jan 26, 2014
• How the U.S. Helped Win World War I http://t.co/X4nLdNHZcj Intensified our bad habit of meddling in conflicts that are not ours $$ Jan 25, 2014

Rest of the World

 

• For Europe?s Youth, Minimum Wages Mean Minimal Employment http://t.co/T9ZfsM8oGu Youth unemployment is higher in nations w/minimum wages $$ Feb 01, 2014
• El Nino May Return as Models Signal Warming of Pacific Ocean http://t.co/YAbrSpm3Tx El Nino – the adult version of the boogeyman $$ $SPY Jan 29, 2014
• Snowden Nominated by Norway Lawmakers for Nobel Peace Prize http://t.co/PShW1dmpv9 Well deserved. He ruined his life 4 the good of all $$ Jan 29, 2014
• Slop-Bucket Reality for Aboriginals Missing Canada Boom http://t.co/pNftiUwjsZ Tribal cultures tend to fail in a capitalistic world $$ $SPY Jan 29, 2014
• Japan Beyond Tokyo Luring BlackRock With Overseas Money http://t.co/r2YOyDyvMw Abenomics will fail, & Japan will b the first casualty $$ Jan 29, 2014
• South Sudan Military Says Rebels Breach Cease-fire http://t.co/1YYa7rLVi7 After separating from the North, tribal animosities dominate $$ Jan 25, 2014

 

Other

 

• Food Festival Pageants Open Up Competitions to Attract Candidates http://t.co/8Zcv61Znor Offering larger scholarships to food ambassadors $$ Feb 01, 2014
• Why National Football League players go from rich to broke http://t.co/oIsMpnxgis Injuries shorten careers & fancy living depletes the $$ Feb 01, 2014
• Super Bowl Prostitution Digitally Mapped by Data Trackers http://t.co/ivD5pKBVBM Wonder how many female slaves they can help to free? $$ Feb 01, 2014
• The Employee of the Month Has a Battery http://t.co/zrmb0TgqS1 Minimum wage hikes r accelerating trend toward automation & fewer workers $$ Jan 30, 2014
• Bitcoin Figure Is Accused of Conspiring to Launder Money http://t.co/MuFqZLMABH Governments care if u r trading w/evil people $$ $TLT $SPY Jan 29, 2014
• Infertility, Diabetes, Obesity and the Mystery of PCOS http://t.co/tylcTdjKET Messy. Overweight & Diabetes correlated with infertility $$ Jan 29, 2014
• How You Might Be Tracked for Ads in a Post-Cookie World http://t.co/cYhBKa5oS7 Worth a read. After all, you want to protect your privacy $$ Jan 29, 2014
• Frigid Super Bowl Recalls Ref in Wet Suit With Few Penalties http://t.co/k9EeVc1WI3 When u r struggling 2 survive, few penalties issued $$ Jan 29, 2014
• Burning Question: Does Rinsing Fruit Make a Difference? http://t.co/Xr4lNk8lCq If organic, YES! If not organic, yes. $$ #microorganisms Jan 29, 2014
• 4 things to know about Warren Buffett adviser http://t.co/jRlt81kULk Tracy Britt Cool is slow beginning of more centralized operations $$ Jan 28, 2014
• Pregnant Texas Woman, Marlise Mu?oz, Removed From Life Support http://t.co/esBxk1xLdz Many people would have adopted the child $$ Jan 27, 2014
• Maryland Shopping Mall Shooting Leaves 3 Dead, Police Say http://t.co/FGcrU7q3sn Biggest Mall near me. I’ve shopped at the Sears there $$ Jan 25, 2014

 

Wrong

• Wrong: China PMI Ascends as Global Barometer With Market Sway http://t.co/gSD8QQewZy Should examine China’s financial system soundness $$ Feb 01, 2014
• Dumb: Obama Announces New Retirement Accounts http://t.co/E20AA2F3vX Providing investment options 2 those who don’t invest is a waste $$ Jan 30, 2014
• Weak arg: Congress Has Never Allowed Unemployment Insurance Extensions 2Expire With Long-Term Unemployment So High http://t.co/2IVPLXTDKr $$ Jan 29, 2014
• Wrong: Obama Offering Retirement-Savings Plan for Workers http://t.co/jpOEBTeT66 Getting poor people 2 invest in Treasuries is criminal $$ Jan 29, 2014
• Wrong: Yellen Faces Test Bernanke Failed: Ease Bubbles http://t.co/ys4I4iOFWy That is not her inclination; she will inflate bubbles $$ $SPY Jan 29, 2014
• Wrong: Senator Schumer pushes plan to undercut tea party http://t.co/cpN3PQKBid Far better to end gerrymandering http://t.co/uQx2ZdtSlF $$ Jan 27, 2014
• Wrong: What?s Behind the Emerging-Market Meltdown http://t.co/FoG5yOAUpW Kooky Keynesian prescriptions: ruin long-run 2 help short-run $$ Jan 26, 2014

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Comments, Replies & Retweets

• Reading: Whatever happened to the feature which allowed us to customize news sources for stock portfolios? http://t.co/8sdnIF0FeS $$ $YHOO Feb 01, 2014
• Whatever happened to the feature which allowed us to customize news sources for stock portfolios? http://t.co/vnmO5Hlhnt #YahooAnswers $$ Jan 31, 2014
• Commented on StockTwits: Clever, thanks. http://t.co/YweRBtoTe8 Jan 29, 2014
• RT @Pawelmorski: Financial media basically rubbish at covering EM. Jan 29, 2014
• Commented on StockTwits: The word was “tend” not “must? http://t.co/r11cBZsTRp Jan 29, 2014
• @TTownsend4969 Blessed are you, Tina Townsend. May you always be grateful for the work that Jesus has done in you. Jan 29, 2014
• RT @M_C_Klein: .@mark_dow on EM: “Don?t try and fight the old school and their anachronistic biases. They are bigger than you are.” http://? Jan 28, 2014
• @pdacosta @bySamRo Grateful I exited my closed-end EM funds in November prior to the first taper. Michael Pettis’ volatility machine runs $$ Jan 26, 2014
• RT @StephenKing: Memo to Justin Bieber: For the young celeb, life is a banquet of free food. What they don’t tell you is that you are often? Jan 26, 2014

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