Recent content by bonddad

of problems in the sub prime market. The first occurred in December when three sub prime lenders closed their doors. I expect more to come. The 2006 vintage loans are doing very poorly. A UBS analyst commented the loans are on path to be the worst performing loans ever. Here's a...

The BLS revised employment figures last month up by 810,000. In the latest report, they increased numbers again. Does anyone know what is up with their methodology? Something seems to be pretty off with the way they do things.

Here's the way I see it using the SPY's 1.) The market's run since late July, gaining about 13.5%. There have been some minor corrections along the way, but we haven't seen a major pullback since July. To use a baseball quote, "we're due". 2.) The underlying economic fundamentals aren't...

I read the article and thought it was interesting. There was another person on this board who was skeptical of the article because it was written by a golb bug. Several other people have raised good questions about that article. However, here is my conspiracy theory. Asian banks are...

The forex markets are currenlt basing their trades on the perceived growth rates of the various regions. They have bid up the dollar based on US GDP growth being better than Asia's or Europes. They have bid up the Yen in sympathy with the Perceived increase in value of the Yuan. Finally...

I read that article, but appreciate the goldbug clarifications. That being said, I am finding it hard to counter the following thought. After it became obvious that Asian central banks were backing away from the Treasury market, bidders emerged from a region known for its banking secracy...

Starting in December, the Treasury's TIC statements have listed an increasing number of Caribbean purchases of Treasury securities. The common thinking on this is these are hedge funds. Does anybody have more information on this?

The FDIC did a study on housing buddles and crashes. In general, most bubbles are followed by a period of price stagnation for a few years.

Below is a LTE I wrote on that topic. It wasn't printed, but I felt better Since your appointment as Secretary of the Treasury, you have continually demonstrated a lack of understanding of basic economic concepts or diplomatic ability. The most egregious examples of this ineptitude are...