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I had to close all my precious metal positions (GC, SI, PL) last week as they became too extended from their averages (by my measures). Should that change I'll either buy them back in a couple of months (possibly much higher) or short them should they drop significantly.

Goto Zillow. I looked around Chicago and Seattle just for kicks. A ton of homes @ 1200-1400 sqft, 3 BR going for around 175-225k. A 30 year fixed mortgage can easily be paid off by a single worker living within their means, unless (obviously) they lose their job or become sick. The difference...

Does anyone have any first thoughts testing the Excel 2010 technical preview or beta? I'm wondering if the 64 bit version has any performance improvement on large spreadsheets (+10 mb)?

The avg. home in 1950 was what, 1200-1300 sqft? (http://www.infoplease.com/askeds/us-home-size.html) The same tiny homes today still only require one working to meet mortgage obligations.

Check out http://www.csidata.com/cgi-bin/GetCorrDiffDetailPage.pl?page=start CSI uses backadjusted future data.

Timely published in 1995, just in time for the last huge leg of the 1990s bull market:

Look like US sovereign CDS are ridiculously underpriced? The author should load up!

It just fixed itself for me. Quotes disappeared for a second and then came back, with the correct percentage changes. Try logging out and logging back in.

Marc Faber lives somewhere in the north, in the middle of the Thai jungle. He was on Bloomberg saying they grow the best weed he has ever smoked.

A nail in the coffin of the "gold is money" theory.

20 year mortgage ad from Japan, 20 years after their real estate bubble popped:

What happens if mortgage rates goto 2%? :cool:

I think this isn't so much about Dubai itself, but it is reminding everybody that there are several unsolved "Icelands" and "Dubais" out there. E.g. Greece, Cyprus, Latvia, Hungary, Ukraine. If it was just Iceland or Dubai it's one thing. But what if you multiply it by a factor of 10? Who's...

Unfunded obligations (Social Security/Medicare and Medicaid) do not equal national debt. Do your homework. Did you check the unfunded obligations of the European Union? Might change your mind on your EUR idea :cool:

US government doesn't have 62 trillion in debt. Far from it. US national debt 2008 is approx 10 trillion, 70% of GDP. Nothing to write home about.

This had little to do with US Thanks Giving holidays, but with an Arabic holiday honored in Dubai: http://www.nasdaqdubai.com/marketinfo/marketnews_detail.html?id=fde085da-307e-4df4-abb5-92268dcac767 DUBAI CLOSED 26 – 29 November / 02 – 03 December and 17 December 2009

That was quite a memorable day (January 21 or whatever): http://www.break.com/usercontent/2008/1/Stock-Futures-Trader-losses-it-all-and-flips-out-438981.html :cool:

Maybe maybe not. I'll go short a dozen or so Russell 2k's into today's close just in case this time is different, you never know. Can always cover with a small loss :cool:

I tend to agree. This is something he shares with most (all?) other newsletter writers and talking heads on bubble vision.

Barclay's Bank, Nov. 4 recommending selling the CDS. You can't make this stuff up: http://ftalphaville.ft.com/blog/2009/11/26/85521/barclays-capital-changes-its-view-on-dubai/