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SA Editor Stephen Alpher  

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  • Time reports a source close to the regime saying Gaddafi, knowing he cannot retake the country, threatens, or at least bluffs, to turn Libya into another Somalia. To start, he has ordered the sabotage of oil facilities, starting with blowing up pipelines that bring crude to the Mediterranean.  [View news story]
    Link is in the post ...
    Feb 22, 2011. 04:11 PM | Likes Like |Link to Comment
  • PIMCO's Mohamed El-Erian continues to audition for his own show, appearing on Bloomberg to say events in Libya are blowing "stagflationary winds" to the West. He notes the curiously weak performance of the dollar, "a warning shot to America that we cannot simply assume flight to quality."  [View news story]
    No. I like him very much and I think his comment about the $ to be an important one.

    He's a bit ubiquitous lately ... just taking a little stab at that.
    Feb 22, 2011. 03:39 PM | 1 Like Like |Link to Comment
  • Portugal reiterates that it needs no outside help, even while the ECB steps in to buy Portuguese bonds after yields soar to a 438 basis point spread to German paper. Rumors float that the EU is convinced a Portuguese bailout is just a matter of time.  [View news story]
    From the FT article:

    The denial came amid reports, quoting unidentified EU officials, of a growing consensus among eurozone finance ministers ...
    Feb 18, 2011. 12:30 PM | Likes Like |Link to Comment
  • Portugal reiterates that it needs no outside help, even while the ECB steps in to buy Portuguese bonds after yields soar to a 438 basis point spread to German paper. Rumors float that the EU is convinced a Portuguese bailout is just a matter of time.  [View news story]
    It was an EU official who made the comments. Regardless, math has no agenda. Portugal's debt load is unsustainable.
    Feb 18, 2011. 12:12 PM | Likes Like |Link to Comment
  • "We have sold everything we can produce in silver and have demand for at least twice that volume," says the head of sales at the Royal Canadian Mint. Silver surges another 1.9% to $32.16/oz., even as news floats of an impending margin hike. Next stop: Hunt Brothers. SLV +1.0%.  [View news story]
    Duh.

    Thanks!
    Feb 18, 2011. 10:58 AM | Likes Like |Link to Comment
  • Cotton reverses course and locks limit down, but BAL -9.6% underperforms as many piled into the ETF yesterday, anticipating perhaps a string of limit up moves. Sean Corrigan notes the move in cotton since last summer is a 10-sigma move, i.e. a 1/10^22 chance of occurring.  [View news story]
    I don't think Corrigan is talking about today's move at all. He's talking about the move since last summer. You'll notice the chart is a mutli-decade one.
    Feb 18, 2011. 10:57 AM | Likes Like |Link to Comment
  • Cotton threatens to go parabolic, opening locked limit up this morning at $2.04/lb., an 8% gain for the week. (BAL +2.7%) is up 46% YTD.  [View news story]
    We try to be forward-looking here!
    Feb 17, 2011. 09:46 AM | 1 Like Like |Link to Comment
  • Oil percolates, rising over $1 in a few minutes on bullish inventory data and news 2 Iranian warships are to pass through the Suez Canal on their way to Syria, a "provocation," says Israeli Foreign Minister Lieberman. BNO +1.8%. OIL +0.9%.  [View news story]
    Buy the dip brother!
    Feb 16, 2011. 12:19 PM | 1 Like Like |Link to Comment
  • "Global food prices are rising to dangerous levels and threaten tens of millions of poor people around the world," says World Bank president Robert Zoellick. Prices have risen 15% in just the last 4 months, a nice performance, but U.S. equities are doing better.  [View news story]
    No mention of livestock? Isn't one of corn's major uses to feed pigs and cattle, i.e we don't eat the corn, we eat the animals that eat the corn.
    Feb 16, 2011. 10:42 AM | Likes Like |Link to Comment
  • "Global food prices are rising to dangerous levels and threaten tens of millions of poor people around the world," says World Bank president Robert Zoellick. Prices have risen 15% in just the last 4 months, a nice performance, but U.S. equities are doing better.  [View news story]
    Sorry about that. It was tongue and cheek, directed at those who would overlook every issue out there as long as their stock portfolios are going up (and conversely call their congressman in the event of a bear market). I'm long America and long equities and I like rising values as much as the next guy, but can't ignore some of the negative consequences of bad farm policy, fiscal deficits, and money printing coming out of the developed world.
    Feb 15, 2011. 02:26 PM | 3 Likes Like |Link to Comment
  • The FCIC backpedals on its prior refusal, and releases its 2009 interview with Ben Bernanke (transcript). Among the more choice bits: He'd defend his actions on Lehman Brothers "to my deathbed," and blames "poisonous" politics for TARP's failure to spark lending.  [View news story]
    Bonus points for someone to search around and find the names of others who have defended actions "to their deathbed" (or at least until they fled their country to the south of France). My guess is it's not a pleasant list of leaders.
    Feb 15, 2011. 12:23 PM | 1 Like Like |Link to Comment
  • Biblical floods and once-in-a-generation cyclones aside, the outlook is a good one for The Lucky Country. Minutes from the recent RBA meeting show members pleased with benign inflation and optimistic that the natural disasters are but a small blip. ETFs: EWA, KROO, FXA.  [View news story]
    Thanks!
    Feb 15, 2011. 08:49 AM | Likes Like |Link to Comment
  • Ontario Finance Minister Dwight Duncan could stand in the way of the LSE (LDNXF.PK)/TMX (TMXGF.PK) merger. Noting that the LSE's biggest shareholder is from Dubai, he says, "we do business with the Middle East, I am just not sure I want them owning our stock exchange."  [View news story]
    True, but my guess is it's just posturing to look good for the voters and as a bargaining chip for a concession on some other issue.
    Feb 14, 2011. 01:33 PM | Likes Like |Link to Comment
  • For months, J.C. Penney (JCP) turned up as the #1 result on Google (GOOG) queries for dozens of items, even beating out Samsonite in a search for ... Samsonite. The NYT delves into the shady world of search engine optimization as well as the man in charge of policing it, Google's powerful Matt Cutts.  [View news story]
    Sponsored links is a different story ...
    Feb 13, 2011. 06:06 PM | 2 Likes Like |Link to Comment
  • For months, J.C. Penney (JCP) turned up as the #1 result on Google (GOOG) queries for dozens of items, even beating out Samsonite in a search for ... Samsonite. The NYT delves into the shady world of search engine optimization as well as the man in charge of policing it, Google's powerful Matt Cutts.  [View news story]
    "For months, J.C. Penney (JCP) turned up as the #1 result ..."

    "turned" is the operative word here, i.e. it's the past tense. I don't know if you read the NYT article, but it states that JCP has been "penalized" for their aggressive tactics. I doubt you'll find them anywhere near the top for any of those searches for awhile.
    Feb 13, 2011. 04:37 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
553 Comments
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