Money McBags
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8/6/10 Midafternoon Report: Jobs number disappoints again as people ask “Brother, can you spare a dime, and maybe a 401k?”
The market fell for most of the day before being bizarrely bailed out at the close for no reason other than to seemingly allow Money McBags to write that alliterative phrase. The big news was that the jobs report once again disappointed like the other side of a Goldman CDO deal or Tara Reid’s plastic…
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8/5/10 Midevening Report: New claims for unemployment continue to claim the economy still sucks
The market traded down today like anyone who has ever broken up with the delightful Brooklyn Decker as new claims for unemployment were out and were much worse than analysts had guessed (and not just because analysts suck at their jobs like one-legged kick boxers, but because we’re in a fucking recession). Money McBags hates…
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8/4/10 Midevening Report: Market continues moving on up, can now afford eastside deluxe apartment in the sky
The stock market crept up again today as the equity markets and bond markets continue to decouple like Bristol and Levi, Mel Gibson and sanity, or Carrie Prejean and her top. In terms of macro news, the ISM released their report on the services sector and it both beat analyst guesses of 53 by coming…
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Welcome to the new home of When Genius Prevailed
Dear Readers, Money McBags has moved the award winning When Genius Prevailed to this quaint new home as a way to better serve all of you. There are a couple of reasons for this move: 1. Money McBags wanted to own the url. Having blogspot in the title was frankly getting to be more embarrassing…
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8/2/10 Midevening Report: Market hits ten week high as meth lab in the basement finally pays off
The market ran faster today than Roman Polanski going to get his keys to pick the baby sitter up because the manufacturing sector grew at its slowest pace since December, private construction spend dipped for the second month in a row, and Ben Bernanke said shit still sucks out there. So rally fucking on like…
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7/30/10 Midevening Report: GDP goes down again, claims it likes the taste
The big macro news today was that GDP slowed to 2.4% growth in Q2, that is until it’s revised down next Q to keep up with the administration’s “hold the shock and hope for no awe” strategy. This strategy was further evident in today’s release as GDP from the past 3 fucking years was revised…
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7/29/10 Midevening Report: Fed warns deflation may be coming, investors run to buy protection as they don’t know who deflation slept with last
Oh shit. While most people have been spending their time worrying about the Fed printing up some inflation, Fed Bank of St. Louis President James “Jimmie B” Bullard got his academic on today and dropped some deflation all up in this bitch. And Jimmie B aint be one of those lame ass non-voting members of…
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7/29/10 Update: The best things come to those who wait, or some shit like that
Money McBags is running a bit late with his column today. Hopefully it will be up by 6pm east coast time, but it may not be out until much later. He apologizes for any delay that may cause in your pooping schedule. Topics today will incude deflation, QCOR, and likely Sofia Vergara. So until then,…
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7/28/10 Midevening Report: Rally comes to an end and unfortunately it’s not Jessica Biel’s
The market sold off today as it couldn’t keep ignoring the data and finally had to come to grips with where the bad macro news had touched it. The biggest negative was the Fed’s Beige Book report which failed to titillate the market like either Money McBags’ book report on the Kama Sutra (which he…
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7/27/10 Midafternoon Report: Consumers still confident the economy sucks
The market bounced around today as it tried to find a direction like scientists are trying to find the elusive “God particle” (though apparently scientists have figured out where it isn’t which includes Jane Austen’s writing, Bernie Madoff’s bank account, and Jamaica. But newsflash Einsteins, you might want to check Brooklyn Decker‘s vagina because if…