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props to my gnomies!

He means the dumb money that is buying up foreclosures now that is bargain hunting. Once this money gets blown out and flushed out of the system, THEN housing MAY be a buy. Emphasis on the MAY.

Heh.... you've got the idea down just fine.

I really liked Ed Easterling's work over at Crestmont research in this area. The way he debunked ibbotson was really top-notch. I suspect this gets more attention as time goes on (and we have progressively worse returns in equities for a period of time which makes people eager for alternative...

OK, point taken.

Just for chits and giggles: Take a peek at the USD/CNY (yuan) chart for the last year or so. Pretty much like falling off a cliff with a parabolic component. So, if you get burned on the equity component of chinese equities by buying at the wrong time, at least the FX component should bail...

Well, for once mate, I agree with you. Imagine the carnage in CEF's at the end of the year as wave after wave of liquidation depresses prices lower to record discounts. Sounds spectacular! Might even start early! Too bad that munis have such lousy balance sheets otherwise that would be...

Independent Trader. Your trading guru is Data from Star Trek. Charming. I'm viewed as a human computer by others. Fun waste of 15 minutes!

But its LOVELY for the bank's balance sheets as the funding spread for short term borrowing is much more pleasant now. Particularly if you care to use that discount window. Sorry - you thought the fed was interested in you? Its all about the aggregate... a single datum doesn't do too much...

CEO of golden snax made a comment recently that we were mid-way through the whole credit crunch process. Assuming that this started in August '07, and it is now March '08, giving us about 9 months, means it should be another 9 months until its over and things have re-adjusted. That would...

An interesting connection that I had not considered, embarassingly.

It does feel like it doesn't it? Suspect that we see a return to a progressive income tax as a means of social engineering to reduce the "gap between rich and poor" as measured by the GINI index. However, this probably won't change the fortunes of those who have already accumulated their...

Mmm hmmm. Agreed.

You know, if you look at the SSEC, from its top to where it ended up last night, it has declined over 40%. (granted, its up about 500% since its low) That is pretty indicative of a bear market to me. Its my understanding that it is fairly difficult to gain access to the A&B shares in...

Dig deeper.

Anyone have any idea on where to obtain a chart of Tobin's q for the s&p up to 2007? Have seen some charts but all seem to end in 2002 or 2003.

Its the assumptions. We have become so accustomed to inflation that we ASSUME that there will be constant inflation. Go to any financial calculator - it will ask you what your expected inflation rate is and plug that into your wages as well as your expenses. Problem is, wages aren't...

My guess is as good as anyone else's - foreign govt securities. maybe some CAF for renmibi exposure but expect extreme volatility. I am not putting the metals down for the count yet. Not by a long shot.

Look at the bright side. All those illegals will leave. And you then will have an opportunity to illegally emigrate to THEIR country in search of work! Payback's a bitch, huh? We are now the 'ugly' americans once again.

Or, perhaps the pilot has bailed with the only parachute. In any case, as you can't fly the plane and can't get off, you're along for the ride. If you only have a few minutes left anyway, perhaps having a gin and tonic and canoodling with the stewardess or spending some quality time talking...