China
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5/11/10 Midafternoon Report: Europe bailout signals “too PIIGS to fail” policy
Did I miss something yesterday? Jeesh, Money McBags takes a day off to fine tune his factors of production and Europe decides to mimic Ben Bernanke’s “too big to count” strategy by printing up enough Euros to finally finish off the Bialowieza Forest or to get 36 very straight hours with the lovely Ashley Dupre. …
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4/15/10 Midday Report: Tax day causes 53% of the US population to be pissed, other 47% pissed every day about being broke
Oh shit, just when the economy was looking better than a threesome with Hayley Atwell and Alice Eve, new jobless claims for last week rose for the second week in a row and economists didn’t have Easter to blame this time. Well, actually they did, as a government analyst once again warned that the numbers…
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4/8/10 Midday Report: Citi execs sorry they broke the economy, wipe their tears with their outsized bonuses
Money McBags is back and the markets are selling off a bit as apparently people somehow still care about Greece going bankrupt (but then again, some people also still care about the Poincare conjecture, the etymology of Star Wars languages, and saving the whales, so whatever). Seeing as how Greece hasn’t been relevant since the…
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4/1/10 Midafternoon Report: A disappointing RIMM job
Before we get to the markets, Money McBags found a picture of the hottest female in the history of history and wanted to share it with his readers as a sign of his gratitude. This is the hottest female ever*, so you’re welcome. Anyway, stocks are up today as macro data was more encouraging than…
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3/18/10 Midday Report: Market pauses to watch NCAA tournament, hopes boss isn’t looking
There was a flurry of economic data released today but unfortunately it was less decisive than a sugar addict with a severe case of ADD in a candy store with only $.50 to spend. Consumer prices remain unchanged, rising only .1% sequentially excluding food and fuel (or as they’re better known as, essentials). Consumer prices…
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3/17/10 Midday Report: With PPI down, optometrists now try to tackle conjunctivitis
The market is moving up again today as to the surprise of none, the Fed held rates near zero yesterday while restating their intention of keeping them low for an “extended period” (known as their menorrhagia strategy). The Fed did say they will stop buying MBS now that they have successfully kept home prices inflated,…
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3/11/10 Midday Report: Yield curve spread continues to fatten, claims it wants to star in Precious sequel
The market is holding steady today as foreclosures in the US rose at their slowest pace in four years. While slowing rates of foreclosures are sort of pyrrhic news similar to declining new cases of AIDS or slumping sales of country music cds, a slower rate means a slower rising homeless population and that can’t…
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3/10/10 Midafternoon Report: Is that a bank rally in your pants or are you just happy to see me?
The market is higher today on the strength of a banking sector rally, positive economic news from China, and a likely date tonight with Izabel Goulart (because why else would it be this excited?). The macro news today has been slightly positive with wholesale inventories down only .2% sequentially in January after being down 1%…
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2/16/10 Midnight Report: Commodities rise as NBC giving out medals to anyone who will watch the Winter Olympics
Money McBags is on the road this week like Jack Kerouac (though without the gay sex, pot smoking, acid dropping, and melodious run on sentences). As a result of Money McBags’ travels, daily updates may be shorter and sparser than Vern Troyer at a Mensa convention or blow jobs to a married man as the…
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2/12/2010 Pre-Market Report: China tired of Greece stealing headlines, raises reserve rate to try to be January’s Economist centerfold, promises to show their Shanghai if selected
It’s a travel day for Money McBags so we’ll get to the market news early. The big story which should give pause to the market (and by pause, I mean send it into a bit of a downward hissy fit like someone at Fox News after trying to spell USA without a teleprompter) is that…