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May 2008

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6

The Canadian Banks?

May 29, 2008 – Comments (2)

CIBC had $1.1 billion loss, mostly due to exposure to the US market.    [more]

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10

Does it make sense to buy?

May 28, 2008 – Comments (6)

Some are thinking the prices have declined enough that the cost of owning, even if the market might head down further isn't too bad.   David Leonhardt's piece is good read.  [more]

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6

Inflation

May 27, 2008 – Comments (8)

This was the headline:
Fed will not allow inflation to spiral: Yellen

I was laughing so hard I got a serious stitch in my side...

Enjoying that $4/gallon gas...  Seriously where I live I needed milk last week in town at it was $9 for a gallon...  

 

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6

Profitability

May 26, 2008 – Comments (0)

John Mauldin has a good post that got my attention because he mentions profitability and valuation.  I've always thought valuing a stock price to sales is utterly stupid and it is because it says nothing about the profitability.    [more]

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15

Herb Greenberg's 5 Simple Rules

May 25, 2008 – Comments (3)

 These are 5 simple lessons from Herb Greenberg.  This is good advice and I could get into a major rant about how businesses use this stuff to mislead.  I just took this right off Big Picture.   [more]

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12

Nickel Diving

May 23, 2008 – Comments (2)

Yves has a post about how wrong Wall Street is in predicting.  One line that got my attention:  [more]

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12

Canadian Tourism versus Us Tourism

May 22, 2008 – Comments (4)

Today there is an article in the Globe and Mail on the absence of Americans visiting Canada.  [more]

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14

More Squeeze

May 21, 2008 – Comments (14)

I have been told I am too bearish, yet I have consistently given good reason for being bearish.  [more]

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5

Worry about M3?

May 21, 2008 – Comments (1)

Yves has a post about M3 and he notes that financial innovation has made M3 less meaningful.  [more]

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6

US and Canada Demographic Time Bomb

May 20, 2008 – Comments (4)

The headline is Mish's and I'm the Deb Wot he mentions in the story.  [more]

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7

What did the headline imply?

May 20, 2008 – Comments (2) | RELATED TICKERS: AIG

The head line read:
AIG raised capital in region of $20 billion, CEO says

So, I read the article in shock that they were able to raise that much.  Reading it is says "in debt and equity."  So, how does raising debt fix their gross over leveraged position?  [more]

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7

The Squeeze, The Squeeze

May 19, 2008 – Comments (4)

Unfortunately this isn't the fun kind of squeeze...  [more]

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14

Inflation versus price increase

May 18, 2008 – Comments (17)

I like how this article explains inflation..

I don't think we are seeing inflations so much right now, but price increases due to the existing supply of money.  Cost of living is definitely going up very quickly, but that isn't inflation, that is prices catching up to the money supply.   

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6

Bubble Popping Profits

May 17, 2008 – Comments (2)

In one of my earlier posts, which I doubt I will ever find, I questioned if in the securitization process the financial institutions were taking a big chunk of money by repricing debt that the debtors were supposed to be paying say 10% on and selling it to investors at a certificate rate to yield say 5%.  [more]

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11

The Daylight Is Killing Me - Putting Gaia Theory To Work - Applaud high oil

May 15, 2008 – Comments (5)

I am finding the extended day from living on the 60th parallel getting to be very challenging.  I was working on something and I just checked the time, 11:06 and I'm tired, but it feels like 9 PM.  My body isn't winding down from the daylight until 1-2 hours after it is dark, which is about midnight these day.  I am getting so over tired.  [more]

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10

Oil Going To Over Supply?

May 14, 2008 – Comments (6)

Mish has a different kind of post on oil.    [more]

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6

No Homes Available

May 14, 2008 – Comments (6)

It seems homes need to be torn down across America, but here there's a wee bit of a shortage.   I am looking for a place the one I am in isn't available for next year.  [more]

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9

And I thought A Reason For Shock Last Quarter...

May 13, 2008 – Comments (2)

You've got to see this graph over on CR.  I remember seeing it last quarter and thinking, oh my that looks bad.  Sometimes you run out of words to describe bad...

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10

CPI weighting

May 13, 2008 – Comments (4)

Bill Fleckenstein is an excellent economist to follow and his piece yesterday has some interesting tidbits of information.  [more]

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6

Bond Market Massacre...

May 12, 2008 – Comments (3)

Some things people say in their posts just kind of stand out...  [more]

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5

Mining Hit In China

May 12, 2008 – Comments (3)

Seems the earthquake there is in one of their main mining areas...

Not sure how much production is affected...

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10

Big hurt'n Australia...

May 12, 2008 – Comments (7)

I wrote about the disaster coming to Australia in this post.  Not being from there and only having mainstream media to rely on, well, I didn't find news of problems then...  [more]

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9

Hudbay Mineral - A $6 stock priced at $18

May 11, 2008 – Comments (4)

I first looked at Hudbay Mineral when I contrasted it to Blue Note just over a year ago.  I saw nothing but downside to it, although I wasn't overly critical, yet.  Blue Note that I liked has yet to perform, and with the retraction of zinc price it is unlikely to perform.    [more]

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7

The Face of the Subprime Mobster

May 11, 2008 – Comments (6)

Well, that's just mho....

His entire $1.5 billion estate should be gone after by lawsuits.  My humble opinion again... 

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7

Purge the Rottenness.

May 11, 2008 – Comments (6)

Big Picture had a link to this interesting story from the depression about Treasury Secretary Andrew W. Mellon, who was then one of the richest men in the US.  [more]

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11

We all throw up,

May 10, 2008 – Comments (8)

We all throw up,  [more]

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10

Socialization of the Banking System

May 10, 2008 – Comments (4)

Tedbits by Ty Andros has a good read post about legimate concerns about the banking system.    [more]

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8

Google - Malicious Software

May 10, 2008 – Comments (4) | RELATED TICKERS: GOOGL

When google decides it doesn't like the sites you choose to visit it blocks completely.  I can not even open a new browser and get to a site I want to with out this:  [more]

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7

Exports Bad

May 10, 2008 – Comments (5)

You can always count on Yves to report on the what the popular media simply doesn't report.  I suppose the google advertising model is giving us true freedom of the press.    [more]

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10

Insured deposits only

May 09, 2008 – Comments (9)

I have stressed several times to ensure that any funds that you have in any bank be under the FDIC insurance limit.  [more]

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12

Price Correction SUV

May 09, 2008 – Comments (17)

It is about time that SUV are being priced where they should be, no profits for the manufacturers.  [more]

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9

Still Amazed At River

May 08, 2008 – Comments (6)

I am still amazed at this river.  What was it, 5 days ago that it was completely clogged with ice?  There was so much ice I was wondering how many weeks it would take to clear, yet it cleared the very next day.  There is no sense that there is a river there at all from my first picture.  [more]

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6

The Problem with Development Fees

May 08, 2008 – Comments (5)

Two of my recent posts, Municipal Bankrupcy Vote and Soaring Development Fees, are essentially about the same thing.  [more]

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11

Municipal bankrupcy vote

May 07, 2008 – Comments (11)

Vallejo, California has voted to file for bankrupcy protection.  There's going to be a string of these things...  Again, it goes to my earlier post of downloading city fees onto developers.

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8

Told You Rates Going UP...

May 07, 2008 – Comments (10)

Looking for a safe place to hide has been preventing rates from going up, but they are heading up...

10-year treasuries going to 4%... 

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8

Soaring development fees

May 07, 2008 – Comments (1)

I can't agree with this article more...  The unwinding of the unsustainable nature of this policy of shifting tax burden from pay our way to fooling ourselves that developers can pay it forever is going to hurt.  If I had more time I'd say more on this.  I might post more on it in the comments later today.  [more]

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6

Growth Stock Disaster

May 07, 2008 – Comments (3)

The Fool has a very good article written by Joe Magyer titled "The Wall Street Myth That Could Destroy Your Portfolio."  [more]

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12

Who Writes the Headlines?

May 06, 2008 – Comments (7) | RELATED TICKERS: GG

 The headline reads:
  [more]

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4

The Difference A Day Makes

May 05, 2008 – Comments (4)

Yesterday about this time I put up a blog about how the river had filled up with ice, and some pictures.  Here's one:  [more]

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8

Aging Population, Canada Versus US.

May 05, 2008 – Comments (6)

I was looking around on this census data site.  Canada and the US are fairly similar right?

Well, what I found kind of shocked me.  I started by looking at the US data and I found that the ratio of working age (20-64) to retirement age (65+) people was increasing slightly in the US from around 1995 and that in 2007 the percent was essentially the same.  

The graph below actually has the US data offset by one year because I don't know how fix that in excel.  A one year offset doesn't change the picture that much.  With all we constantly hear about an aging population I expected that ratio to be continuously declining in both the US and Canada.  It looks very bad for the US that their finances have so grossly declined and they haven't even begun to be hit by an increasing percent of their population in retirement age.


Click on graph for bigger image.  [more]

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7

Car Bubble Imploding

May 05, 2008 – Comments (2)

A housing bubble wasn't enough.  The car bubble is falling apart now as well.     [more]

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6

Where'd the dock go?

May 04, 2008 – Comments (3)

You know those warning sirens you hear in the movies for warning of a bombing raid?  Those kind of sirens were going in town today and I didn't know what they were for.  They were going for about 30 minutes.  I looked around and didn't see anything.  [more]

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5

Awesome Artists

May 03, 2008 – Comments (2)

I had a post written about my student's art work that they are doing for a year book.  [more]

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11

Employment data much worse than reported.

May 03, 2008 – Comments (7)

News is reporting that the job cuts in April were not as bad as expected, only 20,000 jobs lost compared to the 80,000 feared.  But, there have been 321,000 jobs lost since the beginning of the year.  [more]

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8

CAPS Still Eating Posts

May 03, 2008 – Comments (9)

Sigh, Caps is killing my posts and I'm so not good at saving it first...

I had a post asking if anyone knows how the depression affected their family.  I know that my grandfather's family was considered wealthy before the depression and they were wiped out. 

Market ticker has good rant today.  I just put up my reading list. 


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9

Berkshire Profit down 64%

May 02, 2008 – Comments (4)

Ouch...

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8

Dang Mouse

May 02, 2008 – Comments (6)

Ok, so I bought mouse traps and one is gone this morning, but no mouse, so what, I have a mouse with a trap stuck to its tail in the walls now????  [more]

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7

AAA-Pricing

May 02, 2008 – Comments (0)

This FT article has some arguments that suggest current pricing on AAA-rated out of whack, and low.  [more]

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7

Cherry Picking the Buyout - BoA, Countrywide

May 02, 2008 – Comments (1)

According to a Bloomberg article BoA indicates it may not honor Countrywide's debt with the buyout.  [more]

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7

And You Have to Pay into Pensions?

May 01, 2008 – Comments (3)

Buffet said it correct when he said that companies are inflating today's profits by underfunding pensions with an expectation of a rate of return of 8%.  A rate of 5% is far more realistic  [more]

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15

Sell in May and Go Away

May 01, 2008 – Comments (15)

This is probably the best year ever for that advice...  [more]

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11

How Do Ends Meet Now?

May 01, 2008 – Comments (10)

I'm just going to post the links I wrote two blogs about and I'm not going to try the link button because it seems to be working to just write.  [more]

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2

How Do Ends Meet Now?

May 01, 2008 – Comments (0)

Great, after my three attempts to see if this stupid thing was working, and you can see it posted, CAPS ate my post again...

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2

How Do Ends Meet Now?

May 01, 2008 – Comments (0)

I'm going to try again, but I am going to be so choked if it eats my post again.

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2

How Do Ends Meet Now?

May 01, 2008 – Comments (0)

Ok, so the last one worked.  See if this works.

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2

How Do Ends Meet Now?

May 01, 2008 – Comments (0)

Stupid CAPS, it completely lost my post, just gone.  There was no back button to push.

I don't trust it to try again. 

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