Money McBags
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11/30/09 Midday Report: Business and Retail Activity Disagree Like My Stomach and Ten Day Old Bean Burritos That Have Been Sitting in the Hot Mexican Sun
Business activity is back as the Chicago ISM reported today its barometer rose to 56.1, the highest level since August 2008, from 54.2 the prior month . And we all know how much of a difference 56.1 is compared to 54.2, right? Oh yeah, we don’t, we just take the mindless commentary from Bloomberg/CNBC/www.Welivetogether.com (NSFW,…
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11/27/09 Midday Report: Dubai? Do Sell.
Money Mcbags hopes you all had a good Thanksgiving and were able to “stuff a turkey” thanksgiving night after stuffing yourself with turkey thanksgiving day. But Thanksgiving is over now and the markets are taking a dive because apparently Dubai can’t pay off their debts. Honestly, this is about as surprising as finding out strippers…
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11/24/09 Midday Report: Stocks are down as people hate spending, unless they are spending on cheap shoes
The big news of the day is that the government revised GDP data downward and consumer spending took the brunt of it (which is how it works when consumer spending is 70% of GDP, dipshits). The new estimates are that there was a 2.8% rise in GDP from this past Q vs. the previously announced…
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11/23/09 Midday Report: Is Midday one word or two?
Ok, before I get to the days’ market happenings, is there a linguist in the house (and not so fast Dell Hymes fans)? Seriously, are there any cunning linguists out there to help me understand if Midday is one word, two words, or hyphenated? I googled it and there does not seem to be consensus…
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Long Idea: G. Willi Foods (Ticker WILC), It Ain’t Just Kishka
What they do: G. Willi develops and distributes kosher food, mostly in Israel but is starting to grow in the United States. They also own 51% of Shamir Salads which makes hummus and is the #3 market share humus maker in Israel. Look, before we go on I know you’re all thinking “What a stupid…
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What the fuck this blog is
Money McBags is starting this blog because there are too few dick jokes out there having to do with finance. There are not enough jokes about Ito and his Lemma (or Judge Ito and his dilemma which was that he had to let OJ go even though he was guilty), not enough jokes about Asset…