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June 2008

Recs

22

Do You Remember Where Your Career Was 28 Years Ago?

June 28, 2008 – Comments (25)

It looks like Big Picture is my favorite blog of the day today.  In another post he mentions the 28 year low on sentiment, or I guess 1980.  [more]

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7

Getting "Safer" To Say What You Think

June 28, 2008 – Comments (5)

Big Picture had a video, well, the title of the post says it all,
Louise Yamada: Dow 10,000, SPX 1,175, Nasdaq 2,000

I went all red thumbs in CAPS in the fall thinking I needed to see the Dow back in the 10,000 range before going back to out performs, and 9000 Dow wouldn't surprise me.    [more]

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19

Energy Costs Change Everything

June 27, 2008 – Comments (16)

I suppose I have massive schadenfreude feeling around hardships being felt over higher energy costs.  I have always felt that energy ought to have been taxed to discourage the grossly irresponsible use that has dominated North American culture.    [more]

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10

New Blog Page

June 26, 2008 – Comments (2)

If you haven't checked out the new blog page I would suggest doing so now.  It is so much more useful in design in terms of helping you to find the most recommended posts of either the day, week or month...  What a time saver if you don't have time to read all the posts, or if you want to use your time more effectively.  [more]

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8

Obesity stocks

June 26, 2008 – Comments (9)

Well, here's a place to research, obesity stocks.  Credit Suisse says obesity stocks should do better.  Given the growth in obesity that makes cent$.

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11

Housing bottoms, Japan comparison

June 25, 2008 – Comments (11)

I just realised I had no idea what wages were relative to housing costs in Japan, and I still don't.  Japan is repeatedly held up as an example of a place where housing prices fell for 18 years, or something like that and there is little information on what affordability was through that period, which is a huge ommission, imho.  [more]

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7

Sad Vindication

June 25, 2008 – Comments (3)

I am so far behind on my reading list.  This one is almost a week ago and it is about presidential races of the past.  [more]

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4

Night Again

June 24, 2008 – Comments (3)

I'm back in Vancouver where there is night again!  This business of walking home from the school at 12:30 at night and it still being light out was sure messing up my sleep. (Did I mention being at the school past midnight?)  [more]

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15

Financial Storm

June 21, 2008 – Comments (11)

Yves has a piece suggesting the commodity price explosion is due to excessive liquidity in the financial system due to low interest rates.  The article suggest that this is a leading indicator of inflation.  [more]

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5

China Olympic Icebergs

June 20, 2008 – Comments (0)

Well, if this isn't a sign that Asian consumption is nothing like North American...  [more]

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3

Nickel In Oversupply

June 20, 2008 – Comments (0)

One of the things that I said about nickel when it was on its ascent to the stars in price is that in terms of base metals nickel is one of the smallest markets and easiest to manipulate.  Out of all the base metals nickel did the most stellar ascent reaching about $50,000/ton.  [more]

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12

How Many Different Angles Can The Financial Industry Be Hit?

June 19, 2008 – Comments (6)

Here another way the financial industry is going to be hit that I had not thought about, through expiring leases.  There are 800,000 vehicles coming off lease at an average value of $6k less than what was projected when the leases were signed 4 years ago.  [more]

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4

Huge Energy Increase in China

June 19, 2008 – Comments (1)

Price controled energy just went up 18% in China....

I think China is going to slow down big time...

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11

Reverse Banking Put

June 16, 2008 – Comments (2)

What is it with these financial institutions that are in huge trouble that get massive share dilutions and the share prices go up?  [more]

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6

Japan - Deflation to Inflation

June 15, 2008 – Comments (0)

Yves has a post that Japan is expecting 7% inflation, well, at least consumers are expecting inflation.  [more]

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8

Reduced Home Equity Spending ENORMOUS!

June 14, 2008 – Comments (12)

Paul Kasriel has a piece on the wealth effect.  It only relates to a part of the wealth effect, where people pull home equity to spend on other things.  The wealth effect says that as we see our paper wealth fall, we tend to spend less.  [more]

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4

World Expo Opens

June 14, 2008 – Comments (0)

Spain's world expo on water issues opened this week.  I think water issues will be affecting investments more than people realise.

I'd love to attend this one...

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6

Oil Tax Windfall

June 13, 2008 – Comments (7)

This is good, Obama wants to implement an oil windfall tax to distribute to the people...  [more]

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7

Interest rates going up...

June 13, 2008 – Comments (7)

I have stated my expectations that interest rates would be going up for 6-8 months.  The fed reduced rates, but that has not affected consumer mortgage rates, for example, they hardly dipped below 6% and and are now at 6.32%.  [more]

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9

More Pressure on Interest Rates

June 11, 2008 – Comments (3)

Junk bonds are increasingly in default and that is simply going to put more pressure on interest rates.  [more]

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7

McCain Plan Sends US to Zimbabwe Economics

June 10, 2008 – Comments (7)

Clearly McCain doesn't have a plan for how the US pays for what it uses.  Lowering taxes simply means it regresses further in not paying its bills.  [more]

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7

Another Cover-up On Funding - Education

June 09, 2008 – Comments (6)

The implication about this story where school are increasingly marketing to foreign students because they get more money per student are very serious.  [more]

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30

Water, Food, Population

June 08, 2008 – Comments (23)

This past year I've had my students look at water, food and population issues.  When I look at US water issues I believe that water is being used at unsustainable levels in some places.  So, Naked Capitalism has a post on the seriousness of water issues in California, which is a huge supplier of agricultural products, which are dependent on water access.  The post is actually about residential developments being denied if the developer can't show 20 years of water supply.  A big part of my interest has been to follow it in terms of how it relates to the food supply.  [more]

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8

You Elect McCain And You Get What You Deserve

June 08, 2008 – Comments (11)

I was reading Financial Armageddon and it was a paragraph buried deep that got my attention.  [more]

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6

China after the Olympics

June 08, 2008 – Comments (4)

An Olympics brings a lot of economic activity preparing for it and I truly wonder how China will do after the Olympics.   It is getting close now, so another 3 months of business support from the Olympics and then that is gone.  [more]

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9

Exciting Municipal Underwriting

June 06, 2008 – Comments (5)

Looks like the financial industry is finally wising up and thinking ahead.  This story says that UBS is exiting underwriting municipal debt, although it will continue to sell the risk to others...  I think municipal bonds are going to be challenging investments for people.  [more]

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8

Negative Absorption...

June 05, 2008 – Comments (6)

I was reading Calculated Risk on negative absorption rates in Santa Maria.    [more]

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4

Car sales way down

June 04, 2008 – Comments (1)

US cars sales down by 25%, yet I just may be in the market for a vehicle.  I have a picture of the local roads that I wanted to post but I couldn't get it to upload to photobucket.  The road looks more like a mud pit than a road, and it is a road that I got suck in the mud almost two weeks ago.  I like my 19-year-old vehicle and I think it still has some life left to it, but sheesh, for these roads I want a 4-wheel drive.    [more]

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8

How Can Insurance Be Solvent?

June 03, 2008 – Comments (5)

I was looking at this WSJ article and the numbers around this insurance policy make absolutely no sense.  [more]

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7

US Dollar Reserve Currency

June 02, 2008 – Comments (1)

Some headlines leave me laughing.  No kidding Paulson is committed to dollar as a reserve currency.

That status was grossly abused, kick, punched, beaten and left to die.  I doubt talk with prevent the death.  Serious fiscal surgery is needed and even with that recovery would be difficult.

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8

Dollar Peg

June 01, 2008 – Comments (9)

There is an article about Paulson saying the dollar peg has served the Mideast well.  [more]

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