February 2012
1 post
October 2011
1 post
Goldman Basically Buries NGDP Targeting
“Of the devices that may be used to buttress the commitment to a new target, several—fiscal policy most obviously, but in the Fed’s case any expansion of the kinds of assets being purchased—would need legislative approval even if the target itself did not.” — Dominic Wilson, Jan Hatzius and Sven Jari Stehn
September 2011
7 posts
Nomura On The Import Prices Data
Some interesting commentary on the basically in-line data from this morning…
——-
Import prices declined by 0.4% in August (+13.0% y-o-y), in line with Nomura expectations, but less than consensus (-0.8%). Two volatile headline price categories, petroleum (-2.1%) and food (-0.8%), were responsible for the decline in August. Barring the effect of a lower petrol price, ...
3 Short-Term Recommended Currency Trades From...
This morning, Goldman put out these three currency trades
—————
The following trading ideas from the Global Markets Group reflect shorter-term views, which may differ from the longer-term ‘structural’ positions included in our ‘Top Trades’ list further below.
In FX:
1) Close long EUR/TRY, opened at 2.1620 on 9 February 2011, after closing below the trailing stop...
BREAKING: DOJ In Criminal Of eBay Employees
Reuters bombshell.
FUTURES DRIFTING LOWER AFTER HOURS
Just modestly at this point, but a bit of a slide after two wild up-days.
Why The Rumored Brazil Bailout Of The Eurozone Is...
Amid a rumor-filled day, one that stood was the chatter about the BRICS nations possibly working together to bail out Europe.
The rumors seemed to be emanating out of the Brazil camp, but there were also rumors relating to China and Russia, so maybe that’s not that important.
Regardless, the whole thing is scandalous and absurd because, despite the European sovereign debt mess, Europe is...
STOCKS MAKE GIGANTIC COMEBACK ON RIDICULOUS DAY OF...
What a ridiculous day.
But first, the scoreboard:
Dow: +44.73 NASDAQ: +37.06 S&P 500: +10.60
And now, the top stories:
Yesterday was wild, as markets saw gigantic Europe-selling in the morning, followed by a huge comeback. Today was similar, except there were tons more headlines, and the entire seesaw took place before the market even opened.
Things were briefly positive when the...
Drinks tonight
I’m having a big Chinese feast next Thursday (details here), but tonight (9/2/11) is my actual birthday.
So I’m gonna do the cliche thing and get drinks at Tom & Jerry’s at 8 tonight.
Y’all should come. I promise to engage in non-stop talk about the economy, the debt, the fallacy of the 90% debt-to-GDP ration, and the deleveraging cycle. Will be very fun.
August 2011
1 post
YOU'RE INVITED! Joe's 31st Birthday Chinese Food...
Dear everyone, I’m turning 31*, and I would be thrilled if you would join me to eat a monster Chinese feast at my favorite restaurant in the city: The Grand Sichuan on Canal Street at 7:00 PM on September 8th (a Thursday). The idea is this: We’ll pack the place to the gills, and then order a gigantic variety of dishes on the menu so we can try everything. Because I want to try so...
February 2011
1 post
Why The NYT Is Wrong About Its "Death Of Blogs"...
TKTKTKTKTKTKTKT.
(Will link and flesh out argument once the article is live on NYT.com,)
January 2011
1 post
2011 New Year's Resolutions
God, is there anything more trite than being anti-New Year’s resolutions? Being anti-prediction comes in a close second.
If nothing else, resolutions make for a good way of measuring your frame of mind at a given time. For example, for 2009 I resolved to read all of Human Action. I didn’t do it, but as a reflection of where my mind was at in late 2008 — during the worst of the...
November 2010
1 post
We Have Some News! →
fashism:
Fashism, a social shopping site and mobile application, has gained a following for letting its users get instantaneous feedback from fellow fashionistas on ensembles and clothing items they want to purchase.
On Friday, the New York-based company announced it came into a little cash to help fuel the company. Fashism, which has been self-funded until now, raised around $1 million in a...
August 2010
5 posts
Invite To My 30th Birthday/Chinese Food/Karaoke
(This invite I posted on Facebook, but since my goal is to have a party big enough where we order everything on the menu, I’m trying to go multi-platform. Besides, I have plenty of friends (or quasi-friends, anyway) who I’m not Facebook friends with. Just email me if you’re gonna come. Seriously, show up.)
When: September 2, 2010. 7:00 7 PM ET
Where: Grand Sichuan on Canal...
July 2010
6 posts
25 Things Every Man Should Be Able To Do
I really, really hate “50 things a man should be able to do” lists, and the latest one I’ve seen, which was posted at First Things is no exception.
Part of it, I admit, is that I can’t do any of these things. Well, I can do like 5. So either I’m totally inadequate as a man (possible) or the list is pointless.
It’s also annoying, because you figure that people...
The Problem With Cosmotarians
My friend Greg Newburn, one of the funniest people I know, has a really good post on his blog regarding “cosmotarians,” or libertarians who make a big point of being “citizens of the world” detached from base, low-class inclinations like “patriotism,” “country,” or whatnot.
The inciting incident actually took place a couple of weeks ago, after the...
Whoa, when’d they get rid of Tumblarity?
So what’s up.
June 2010
1 post
April 2010
1 post
St Vincent's Closes Hospital In Manhattan →
jayparkinsonmd:
In 2006, the system was losing approximately $10 million per month. I don’t know how much bloat they have cut since but I would doubt it would do much to combat their ever expanding finance costs on what the NYT reports is now $700 million in debt. Because of inefficiencies in the design of the hospital both from a layout and operational perspective, about 40% of people who...
March 2010
2 posts
February 2010
1 post
Someone should remix a Ghostbusters trailer
dogsareadorable:
so it looks like a Michael Moore-esque documentary about the monopoly of privatizing the supernatural sector, and the environmental protection agency that is trying to stop it.
January 2010
5 posts
December 2009
5 posts
Sup.
Hey Y'all I'm In Texas
Ping me if you want to get coffee at The Spiderhouse.
ninety9:
What do you call it when you write a blog post around a preconceived ideology? Tyler Cowen.
I don’t really Tumbl anymore, but I thought I’d come back to say that you’re a repetitive bore.
But really, glad that nothing’s changed.
I Haven't Been On Tumblr In Ages, And My...
November 2009
6 posts
How To Get Your Boob Job Done In Thailand →
johncarney:
Just in case you were wondering.
Dept. of WTF: With numbers now 48-48, NBC is now...
(via peterfeld)
October 2009
57 posts
Real Men Don't Vote →
johncarney:
Democracy destroys masculinity.
“Similarly, Mad Men underexploits its setting in the advertising industry, always...”
– Steve Sailer
“As the clock ticks towards the final deadline for the Federal Reserve Board...”
– BenjaminFulford : 米連銀と中国の密約によると日本は２０１１年に中国の領土になる？
This is pretty scandalous stuff.