Money Management; California Still in Trouble; European Disunion

May 15, 2012

Share

“When it becomes serious, you have to lie.” ~ Jean Claude Juncker

“I don’t envisage, not even for one second, Greece leaving the euro area. This is nonsense. This is propaganda.” ~ Jean Claude Junker

“I’m not upset that you lied to me, I’m upset that from now on I can’t believe you.” ~ Friedrich Nietzsche

Research:

Heavy call buying of long-dated Eurodollar futures reflect a view that the yield curve will continue to flatten ~ twitter

Large put spread purchased on $JNK bond ETF ~ optionmonster - #operationnewbubble

Goldman-Bred Neuroscientist Tracks Testosterone Trading ~ Bloomberg 

Internet stock valuations ~ View from Blue Ridge  

  • “Most strikingly, the growth rates begin to come down hard even at the point that a company hits 20-30% market penetration.” 

Notes from the Peter Thiel startup class ~ Blake Masters

Howard Marks on Contrarianism ~ market folly  

Fixed fractional (percentage of account size) vs fixed ratio (percentage of estimated drawdown) position sizing ~ truth about trading

Central Banking:

On June 2nd, 1990, banks in Argentina were offering large depositors 600% interest per month

Tom McClellan Chart on gold – says due for bounce ~ Bloomberg’s Adam Johnson

Devaluation Is No Euro Panacea ~ WSJ  

US:

California Ugly – WSJ  

  • Since 2009, the flight of businesses out of California has increased fivefold ~ Joeseph Vranich 
  • California revenues come in 20% below expectations; Brown seeks to raise taxes, threatens cuts to school, medical over bloated government 

The median sales price in Miami Miami-Dade County rose 14 percent ~ World Property Channelmainstream media is so late, housing is booming all over  

Financial services firms are being hit with 60 rule changes every working day. WSJboom time, for lawyers

World:

UK has enacted all tax hikes, but only 30% of planned cuts ~ this failure was predictable, see study – historysquared

SocGen poll: Will Greece Leave? Yes 74.6% Will the EUR survive as a currency? Yes 95% ~ Given the history of monetary unions and currency pegs, the odds of a breakup are certainly higher than 5% 

Grexit and the euro: an exercise in guesswork ~ FT AlphavilleIf weaker members leave, shouldn’t the $EURUSD rally?  

Denmark will not support newly elected French President Francois Hollande’s plan for a growth package for Europe ~ Politiken – disunion 

Canada’s bubble continues to grow, condo sales up 10% ~ globeandmail

2011 Global Real Estate Price Increases puts new contenders on bubble watch ~ Kenya - Knight Frank

Study shows Iranian people favor freedom over fundamentalist regime ~ WSJregime nearly toppled a few years ago 

China:

China’s investment boom starts to unravel ~ WSJrail, electricity, credit growth sinking

China’s economic data disaster ~ FT Alphaville

Trade between Japan, China, and South Korea hit $690 billion in 2009, up from $130 billion ~ WSJcompare vs South Sea claims 

Related Posts Plugin for WordPress, Blogger...

Popularity: 1% [?]

Share

Previous post:

Next post: