Inflation
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10/25/10 Midnight Report: Show us your TIPS!
And now it has come to this. With the Fed set to print more dollars than there is available rag paper (though they will soon be able to use the tattered clothing of the homeless and long-term unemployed to make up for that shortage), the US Treasury issued TIPS at a negative yield for the…
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5/19/10 Midafternoon Report: VIX shoots up, claims it doesn’t have a problem, just wants to try to take its mind off global recession
The market got clobbered again today (until a closing minutes rally) like it insulted Preston Brooks’ uncle or like it had one too many shots of tequila while watching the donkey show. Investors continue to fear the impending doom of Europe with their quaint monetary system, silly accents, and love of black jeans. However, macro…
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2/24/10 Midafternoon Report: Bernanke channels his inner Greenspan and promises to keep rates low until the next bubble
Dizzam, Benny B went in front of the House Financial Services Commitee today and let everyone know that rates will be kept low for a more “extended period” than a menometrorrhagia sufferer. Despite last week’s back and forth between Bernanke and his henchman Thomas “T-Ho” Hoenig about the language used by the Fed in their…
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2/19/10 Midafternoon Report: Core inflation tame, good news for those who don’t eat or use energy
The market hung in there today despite Ben Bernanke’s surprising discount rate raise after the market closed yesterday. Bernanke continues to think outside of the box in managing the economy (and as long as it isn’t Hannah Hilton’s box, then Money McBags is fully on board because one should only think inside her box, never…
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2/18/10 Midevening Report : Bernanke preemptively raises discount rate, causes Alan Greenspan to roll over in his grave
Aw shit, it is now on like donkey kong as the Fed is getting serious about some shit. This ain’t your Greenspan pushover, lolligagging, lobster tails and blow jobs for everyone, bubble creating Federal Reserve. No siree, this Bernanke guy is a straight up pimp and will bitch slap the market back to reality and…
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2/17/10 Midevening Report: Fed hints at reversing stimulus, starts by canceling Bernanke’s Playboy subscription
The market was up today like a hooker’s skirt in Tiger Wood’s SUV. The rally was driven by earnings, earnings, earnings and some macro data. Apparently people are still building houses as housing starts hit their 6-month high, rising 2.8% to an annual rate of 591k. This marginally beat expectations and should be a good…
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1/20/10 Midday Report: China flexes pimp hand and vows to curb lending, businesses cower in the corner and promise to work harder for daddy
The big news bringing the market down today is that China is beginning to realize they may have a bit of a bubble on their hands as they opened up their fortune cookie last night and saw their fortune was written on the back of a yuan (as for the fortune, it said “man who…
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1/15/10 Midday Report: JPM sends the market down on estimate beat, promises to do worse next time
It is a bizarre day on the market today as INTC crushed numbers and is down, JP Morgan turned a huge profit, yet disappointed, and the dollar actually gained last night as apparently Amanda Drury was at the New York Rick’s Cabaret and only accepted the local currency (ok, the last one may not have…
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1/5/10 Midday Report: After 330 years, stock market proves Isaac Newton wrong: Gravity, schmavity. What goes down, must keep going up
The market continues it’s latest rally despite at best mixed news today. The biggest news is that pending home sales dropped more than Dolly Parton‘s boobs have in the past 5 years (and for the record, she now calls them “anklets”). The 16% drop was more than the expectation of a 2% drop after a…
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1/4/10 Midday Report: It’s 2010, yet the market is partying like it’s 1999
Hide the women and children because the market is coming back with a vengeance, like Dirty Harry Callahan or Don Knotts on Three’s Company. The market appears to be determined to show all of the traders who manufactured complex derivitaves such MBS, ABS, and plain BS, that financial engineering can only keep it down for…