Archives for February 2013

EU Doesn’t Like Its Forecasts, So It Removes Them From Its Site

Courtesy of Mish. With thanks to Yogi Berra, making predictions is hard, especially about the future. And with constantly revised forecasts for the EU, the European Commission decides the safe safe thing to do is Eliminate Forecasts for 2015. Via Google Translate from El Economista … This morning you could see the data for 2012, […]

Quadrocopter Pole Acrobatics

Courtesy of Mish. Here is an interesting video that came my way via reader “Nino”. It’s a look at some rather amazing technology that is developing right now, and I suspect very few are aware of it. Link if video does not play: Quadrocopter Pole Acrobatics The video shows a quadrocopter capable of dynamically balancing […]

Not Done Rising, But Night Will Come

Read: MarketShadows February 24 2013 Newsletter: Not Done Rising, But Night Will Come  This week: Event Horizons: Not Done Rising.  Market Forces: Lee Adler’s composite liquidity indicator keeps going higher: Cis Bam! Fed Drives Massive Liquidity Surge, Treasury Says Thank You Ma’am.     Value Exploration: Paul Price’s Virtual Value Portfolio (stocks) is almost filled up, so we sold some […]

Creeping Fascism, Part 2: Great Fraudulent Beast

Courtesy of John Rubino. In Charles Mann’s 1491, about the (surprisingly big and diverse) cultures that existed in the Americas before the arrival of smallpox, he offers this: “The celebrated anthropologist Clifford Geertz has half-jokingly suggested that all states can be parceled into four types: pluralist, in which the state is seen by its people […]

Quick Rise, Sharp Pullback – That’s LIFE

Quick Rise, Sharp Pullback- That’s LIFE See also:  MarketShadows February 24 2013 Newsletter: Not Done Rising, But Night Will Come  Courtesy of Paul Price  Global biotechnology supplier Life Technologies (LIFE, $58.19) was formed in November 2008 when Applied Biosystems and Invitrogen merged. The company has prospered since. LIFE was reportedly being courted for a buyout by […]

Italians Head to Voting Booths, Election Ends 9:00AM EST Monday; Surge for Grillo and “The Apathy Factor” Will Doom Bersani Coalition

Courtesy of Mish. Voting booths are open in Italy though 3:00PM Monday (9:00AM EST). Exit polls will trickle in soon after but early exit polls could be misleading. If the result is close will may not know for over a day. The Wall Street Journal offers this Italian Election Guide. Italian voters can cast ballots […]

Virtual Put Selling Portfolio

Market Shadows has created what we hope will be a very valuable new feature. It’s our Virtual Put Selling Portfolio. Here’s a snapshot of our Virtual Put Selling Portfolio as of 2/24/13. We’re in the process of making it self-updating, but this one is not yet. Check back.  Notes: We have not added LIFE yet. That will […]

On the Global Numbers – CIA Edition

Courtesy of Bruce Krasting. The CIA has some new 2011/2012 numbers for the world's economy. These numbers are as "good" as the countries who post the individual data, so it's safe to be suspect. That said, I found them interesting. There's 7B of us. I love the CIA's precise estimate. Only 47% of the population […]

Robots Don’t Commit Suicide (and Other Robot Advantages)

Courtesy of Mish. Robots don’t eat, drink, demand coffee breaks, or protest working conditions. And they certainly don’t commit suicide. Following a wave of suicides in China, one at Foxconn where a worker twice attempted to kill himself and succeeded the second time, Foxconn suspended hiring, deciding to use more robots. Electronics manufacturer Foxconn has […]

Bloomberg Reports Biggest Story of All Backwards As Fed Blows Dangerous Deposit Bubble

Featured in: MarketShadows February 24 2013 Newsletter: Not Done Rising, But Night Will Come  Lee Adler of the Wall Street Examiner on what’s next for the economy and the stock market. Main points and processes – and a question of timing: 1) The loan-to-deposit ratio for the top commercial banks has been falling – i.e. loans relative […]

Real Estate Mania Makes a Comeback

Real Estate Mania Makes a Comeback Home bidding wars in Washington D.C. By Elliott Wave International Home-bidding wars have erupted in Washington D.C., a reminder of the days of the real estate frenzy. While much of the nation is still struggling to emerge from a historic housing-market meltdown, the District is reliving its boom days. […]

Insane Levels of Inequality – Which Hurt the Economy – Are Skyrocketing

Courtesy of ZeroHedge. View original post here. Submitted by George Washington. Preface: All capitalist systems have some inequality.  We don’t want to prevent all inequality … just economy-wrecking levels: Lawrence Katz, a Harvard economist, adds that some inequality is necessary to create incentives in a capitalist economy but that “too much inequality can harm the […]

Fred Mishkin’s “Outside Compensation” List Revealed

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Perhaps the most memorable outcome of the 2010 movie "Inside Job" by Charles Ferguson, was the historic humiliation of former Fed governor and current Columbia University professor, Fred "Napoleon Dynamite" Mishkin. For those who are unaware why, we urge you to watch the following […]

Half of Detroit Properties Have Not Paid Taxes; Update on Detroit Bankruptcy

Courtesy of Mish. The hollowing out of Detroit is nearly complete. All that’s left is a bankrupt shell of a city with no services and scattered citizens that do not pay taxes. The Detroit News reports Half of Detroit Property Owners Don’t Pay Taxes Nearly half of the owners of Detroit’s 305,000 properties failed to […]

6 tanks at Hanford nuclear site in Wash. leaking

  Source: npr.org via Casey on Pinterest 6 tanks at Hanford nuclear site in Wash. leaking Six underground tanks that hold a brew of radioactive and toxic waste at the nation's most contaminated nuclear site are leaking, federal and state officials said Friday, prompting calls for an investigation from a key senator. Washington Gov. Jay […]

Part III – Compound Interest and Consumer Debt

Part III – Compound Interest and Consumer Debt By The Banker  Part III – Compound interest and Consumer Debt Please see earlier posts Part I – Why don’t they teach this in school.  And Part II – Compound interest and Wealth In the last post I wrote about the the incredible power of compound interest, and the possibility […]

Not Done Rising

Not Done Rising Featured in: MarketShadows February 24 2013 Newsletter: Not Done Rising, But Night Will Come  By Ilene Over the last four months, we’ve been buying (virtual) stocks and selling (virtual) puts, without hedging our bullish bets. We explained our reasoning earlier in the year:  “We are starting 2013 long stocks in Paul’s Virtual Value Portfolio with […]

Beppe Grillo Surges in Last Minute Rush; Is That a Good Thing?

Courtesy of Mish. Reader “AC” who is from Italy but now lives in France informs me that the Italian elections this weekend are getting even more interesting. Specifically, “AC” writes “Grillo claims 800,000 assisted at his closure meeting in Rome with another 150,000 via streaming. My feeling is that there will be a huge turnout […]

GOLD should be completing a cyclical low in February

GOLD should be completing a cyclical low in February Courtesy of David A. Banister Over the past 5 calendar years we have seen GOLD either complete an intermediate cyclical top or bottom in each February.  My forecast was for February of 2013 to be no different and for Gold and Silver to make trough lows […]

Inequality Is Much Worse Than You Think

Inequality Is Much Worse Than You Think By Les Leopold, Huffington Post • In 2010, the top hedge fund manager earned as much in one HOUR as the average (median) family earned in 47 YEARS. • The top 25 hedge fund managers in 2010 earned as much as 658,000 entry level teachers. • In 1970 the top 100 CEOs made […]

Part II – Compound Interest and Wealth

Part II – Compound Interest and Wealth By The Banker  Compound Interest Math Formula – The Most Powerful Math in the Universe Please see my earlier post, Part I – Why don’t they teach this math in school? For the sake of blowing the lid off this vast cone of silence, here’s the compound interest formula: […]

Bitter Pill: Why Medical Bills Are Killing Us

By Steven Brill, TIME 1. Routine Care, Unforgettable Bills When Sean Recchi, a 42-year-old from Lancaster, Ohio, was told last March that he had non-Hodgkin’s lymphoma, his wife Stephanie knew she had to get him to MD Anderson Cancer Center in Houston. Stephanie’s father had been treated there 10 years earlier, and she and her family […]

The New York Fed’s Primary Dealers, Liquidity, Monetary Policy, Excess Reserves and Financial Dreadnoughts in Times of Currency War

The New York Fed's Primary Dealers, Liquidity, Monetary Policy, Excess Reserves and Financial Dreadnoughts in Times of Currency War Courtesy of Jesse's Cafe Americain Someone asked me about Primary Dealers today.  I think it was in regard to liquidity concerns.  Cutting to the punchline, however one wishes to characterize and attribute it, the financial system […]

“Remembering I’ll be dead soon…”

  Source: flickr.com via Search Engine Land on Pinterest “Remembering I’ll be dead soon…” Courtesy of Joshua M Brown, The Reformed Broker I just slept for 12 hours overnight and woke up in the pitch black thinking about too many things. Things I have to do, things I want to do and things I'm afraid of. […]