June 2009
June 30, 2009 –
This is continuation of my random thoughts blog from yesterday .... [more]
June 29, 2009 –
I’ve been reading and thinking so much about inflation/deflation lately that I finally had enough started wishing for the whole thing to go away, which of course is not possible as long as there is money. And that got me into thinking that society without money is actually communism. That is there the USSR was presumably heading. And since we had so little money in the USSR that living with no money at all didn’t seem that terrible, we were almost self-sufficient anyway. It struck me how much different it is from the capitalist society such as US. Money is where all starts and all begins, the money is the source and the end and the purpose, money is the perpetual engine which defies the law of physics (I am sure portfeuille will correct me if it ain’t so -)) ). In fact, if the money stopped to circulate (which is what almost happened last October) the life as we know it in the US would’ve stopped and we would’ve plunged into dark ages or communism, it is up for a debate. [more]
June 25, 2009 –
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RELATED TICKERS: RSX
I was rather amazed that the market rallied today in the face of pretty bad news - higher unemployement again, lower as expected home sales. I realize that the market now looks only at the treasury auctions, which went ok this week (but realize that this is no free money, the only good news here is that somebody is still giving us money) . Then FED came out and said things are improving ( but who still believes the FED?). So, I guess everybody decided that the worst is behind us, financial crisis is over and we are ready for the next rally. [more]
June 16, 2009 –
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RELATED TICKERS: SPY
CNBC couldn't take 2 down days in a row and gone mad. They are currently showing Sp500 at 925.6 on their Web site, 0.2% up for the day. Did they get a call from Treasury or did somebody hacked the Web site? Spooky.
June 12, 2009 –
While driving today I caught a discussion about California. Apparently California is at a stand-off between Herr Schwarznegger and the house democrats. Unless the democrats pass a balanced budget by Monday (which means a lot cuts) , he threatens to shut down California govenrment. California is set to run out of money by the end of July. This sounds pretty dramatic. [more]
June 11, 2009 –
I've participated in the discussion on the LongTermBull post "Thank you CAPS bears" and my point was that the only case I can make for continuing rise in stocks is inflation. Obviously, youare not going to hear this reason on the maistream meadia. They keep on and on about the recovery and greenshoots. [more]
June 10, 2009 –
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RELATED TICKERS: GS
I just knew it. I posted this on SA yesterday: [more]
June 05, 2009 –
Our unemployement numbers this morning: We expected a loss of 525k and headline of 9.2%. Instead we got a loss of 345k and a headline of 9.4%. What? [more]
June 03, 2009 –
For a few months there was nothing but "green shoots" in the meida. Today I login to Bloomberg to get my regular dose of the green shoots and glass-half-full and I see the following articles in the headlines: [more]
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