Money McBags
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When Genius Prevailed Exclusive: Get to Know the Readers
Kind Readers, — With this week likely to be less eventful than a year as Paul Volcker’s prostate and even less eventful than Amanda Heard’s night at the Thunder Down Under (Google that one yourselves), Money McBags thought he would take a second to get to know his readers. In the past year, you’ve all…
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11/24/10: Happy Fucking Anniversary!!! The Award Winning When Genius Prevailed Turns 1
Holy fucking shit. Money McBags never thought he’d see the day where the award winning When Genius Prevailed turned one, never. What started as a way to vent, unleash bottled up creativity and love of the finer things, and let the world see how the sausage is made on the buy side in all of…
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Can Money McBags get Facebook page?
As you are all aware When Genius Prevailed has a “fan” Facebook Page, but Money McBags does not have a personal one to allow him to “friend” all of his loyal readers. Below is his actual correspondence with Facebook to try to get a personal Facebook page. While it takes a few emails to get…
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1/29/10 Midday Report: Size doesn’t matter as 6% GDP expansion fails to stimulate the market
The market is bouncing around today even though GDP grew 5.7%, the fastest pace in 6 years and beat estimates of 4.7% growth. The upside was led by a restocking of inventories from their depressed levels (and inventories were more depressed than Kathy Griffin’s bikini waxer the time she ran out of rubber gloves). The…
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1/26/10 Midday Report: An Apple a day will keep the recession away (especially if it’s one of those new tablets)
The market is bouncing around after Apple put up a ginormous quarter and is likely to announce their tablet on Wednesday while the global economy still sputters. In macro news, US consumer confidence rose to 55.9 from 53.6 and we all know how important it was to break that 55 barrier (actually, I’m just kidding,…
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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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1/13/10 Midday Report: Google threatens to pull out of China, claims “not properly protected,” but does offer to finish on China’s back
With macro news today apparently scarcer than free speech in Chinese search engines or free standing buildings in Haiti (too soon?), the big news moving the market is Google’s threat to leave China after China left the toilet seat up one too many times and refused to take out the trash. Google’s panties are currently…
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1/12/10 Midday Report: China trying to cool economy, hires Justin Timberlake to dole out stimulus funds
The big macro news today is that China raised the reserve ratio that banks need to hold aside as deposits, signalling that China’s central bank is starting to become acutely aware of inflation concerns (whereas the world is starting to become acutely aware of Christina Hendricks‘ “concerns”). Given that China is going to spend roughly…
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1/7/10 Midday Report: Low end retailers post good sales numbers as formerly rich learn to slum it
Before we get to the better than expected December sales numbers for most retailers, we need to address the macroeconomy (So hello macroeconomy, would you like some viagra for your slow growth?). Today’s initial claims for unemployment came out and were slightly better than expectations (and all sources tend to agree about this, unlike yesterday’s…
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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…