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  • Playing With Money Printing Rules  [View article]
    How do you explain Japan and the fact that their stock market tanked despite never-ending QE ?
    Jan 18, 2013. 05:47 PM | Likes Like |Link to Comment
  • Debt Crisis Could End In War, According To Kyle Bass  [View article]
    I'm not sure whether people writing stuff about Southern Europe actually had a chance to go to there since beginning of the crisis, but I've been to Greece 3 times since 2010 and can only express my surprise at the lack of reaction by their people.
    Economy is so bad and standard of living for people in Athens and Thessaloniki has dropped so much, yet no major political changes took place, they haven't left EU, nor have they even left EURO as a currency.
    Jan 9, 2013. 11:04 AM | 2 Likes Like |Link to Comment
  • Ben Bernanke And The Implications Of The Great Monetary Hail Mary  [View article]
    Yep, we are watching catastrophe in the making.
    Dec 8, 2012. 11:01 AM | 1 Like Like |Link to Comment
  • The White House is having advanced internal discussions about kicking the fiscal cliff can a bit further down the road, reports the WSJ. Though surely not unexpected, the news has futures moving, the S&P 500 +0.3%[View news story]
    Wow, what a victory this would be for politicians - "We decided to do nothing". What a way to lead the country
    Nov 16, 2012. 08:53 AM | 2 Likes Like |Link to Comment
  • Housing is not "out of the woods," says Ben Bernanke in an Atlanta speech. Seemingly begging lending officers to go back to the ways of 2003, he laments "overly tight" mortgage standards, saying it's likely the "pendulum has swung too far the other way."  [View news story]
    I thought this was a joke when I read it first
    Nov 15, 2012. 01:48 PM | Likes Like |Link to Comment
  • Canadian Housing: It Actually Is Different This Time  [View article]
    I am reading this and in the same time typing "How to short Canadian real estate market" in another browser.

    These are the same arguments we heard in 2006 and 07 in US.
    Nov 6, 2012. 09:04 AM | 2 Likes Like |Link to Comment
  • All it took were a few poor earnings reports and a 2.3% slide (repeat, a 2.3% slide) in the S&P since QE∞ was announced for all 21 primary dealers to expect an expansion in the asset purchase program by year's end. Look for the Fed to add Treasurys to the $40B/month of MBS purchases, they say.  [View news story]
    Throughout the year, they have been helping Obama get reelected with everything they have.
    It's no surprise such a thing would be published just 10 days before elections.
    What a lot these guys are....
    Oct 22, 2012. 03:12 PM | Likes Like |Link to Comment
  • (Uh) Oh Canada! A Developing Minsky Moment In Canadian Real Estate?  [View article]
    Excellent article.
    I live in Toronto and saying that there is no bubble in real estate market is pretty funny.
    Let me give you real-life example. I live in mid-town part of Toronto, it's a very nice area, however equally expensive. In 200 meters from my building they have started (or will start soon) building 4 new condominiums. Apartments here typically start at 500K CAD. There is simple no demand for these apartments and it really is a question when the bubble will pop, not if.
    Oct 12, 2012. 04:19 PM | 7 Likes Like |Link to Comment
  • Fed Chairman Bernanke's press conference is just getting underway. Watch live here. Earlier, the FOMC announced an open-ended QE program of $40B in MBS purchases per month.
      [View news story]
    He's having a T-shirt with Obama's picture that says '4 more years!'
    Sep 13, 2012. 02:18 PM | 3 Likes Like |Link to Comment
  • Ben Bernanke: The Defender  [View article]
    I can only hope that by this time next year we will not listen to the same kind of nonsense we have been listening for the last several years. BB will go to the history as the killer of the middle class, whose actions were perhaps motivated by best intentions but actually made things much worse.
    Sep 2, 2012. 04:47 PM | 2 Likes Like |Link to Comment
  • Jackson Hole Confirms No QE Soon  [View article]
    If only manipulation could somehow spur growth and create jobs.... Ben would be the best Fed chairmen ever. Unfortunately, real life doesn't react in the same way as greedy WS traders.
    Aug 31, 2012. 12:20 PM | 1 Like Like |Link to Comment
  • Will Natural Gas In Storage Reach Maximum Capacity?  [View article]
    Does anyone have any idea why prices went up today despite high inventory number ?
    Aug 30, 2012. 05:16 PM | Likes Like |Link to Comment
  • A Mess Of Mario Draghi's Own Making  [View article]
    As always, market manipulation will continue until one day it won't work anymore. Unfortunately, people who invest based on these manipulations will lose money and manipulators, well... they'll say : "We did the best we could. What was the alternative - actually doing something?"
    Aug 29, 2012. 12:00 PM | 1 Like Like |Link to Comment
  • Salesforce.com: Signs Of A Breaking Business Model  [View article]
    I don't want to get into technical details here, but they have greatest ability to customize their application, there is also very strong ecosystem of applications built on top of salesforce platform and what is very important - they don't have performance or other issues that are bugging their competition such as SAP, MS or Oracle CRM.
    When it comes to the product itself, these guys did almost everything right.
    Aug 29, 2012. 11:56 AM | Likes Like |Link to Comment
  • Salesforce.com: Signs Of A Breaking Business Model  [View article]
    I work in the same industry as salesforce. They are by far the best vendor in that space when it comes to technology, innovation and marketing. This is the reason for the premium found in their price. As for their business model, all other software as a service companies use the same model and it is anything but broken. Having said that, their stock price is very high and will fall with general market weakness, as it did in the past.
    Aug 29, 2012. 07:14 AM | Likes Like |Link to Comment