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  • Major Stock Market Selloff Looms As The Fed's QE3 Ends  [View article]
    The technology god of productivity enhancement is inherently deflationary. Therein lies the rub. At the end of the day, if consumers aren't consuming, then the economy as it is currently configured will struggle to grow. If consumers aren't making more money then they can't consume more. QE does great things for asset prices but so far hasn't had a positive effect on wages. This is a difficult problem. Best wishes.
    Sep 27, 2014. 04:35 PM | 38 Likes Like |Link to Comment
  • Can't Keep A Good Buck Down  [View article]
    xtigerx, I can't figure out whether that's a tongue in cheek comment or not!
    Sep 26, 2014. 01:52 PM | Likes Like |Link to Comment
  • One Can't Really Love Alibaba  [View article]
    Sep 24, 2014. 04:58 PM | Likes Like |Link to Comment
  • Why Thursday's Sell-Off Matters  [View article]
    @JDAdy, not to split hairs but the GDP number needs to be taken in the context of the previous quarter, doesn't it? H1 GDP is 1%. Not exactly on fire.
    Aug 1, 2014. 01:01 AM | Likes Like |Link to Comment
  • The Day I Sold Everything  [View article]
    uhm. Interactive brokers is a dollar a trade. Changes the math a bit.
    Jul 30, 2014. 12:02 AM | Likes Like |Link to Comment
  • Loomis Sayles managers bet on higher rates  [View news story]
    Are reasonable people really expecting no trouble to accompany the completion of the taper? Why don't we just see what happens there and then think about whether rates are going up.
    Jul 29, 2014. 06:45 PM | 1 Like Like |Link to Comment
  • Twitter +26.5% AH on Q2 beat, strong guidance, MAU growth  [View news story]
    James, my understanding is that GAAP stands for 'generally accepted accounting principles' and non GAAP stands for 'toilet paper'. Just kidding. But seriously, should Twitter just be allowed to disregard the costs of delivering shares to employees, just....because? Going from -.24 to .02 PS stinks of book cooking to me. But, congrats, longs and good luck.
    Jul 29, 2014. 05:50 PM | 1 Like Like |Link to Comment
  • Twitter +26.5% AH on Q2 beat, strong guidance, MAU growth  [View news story]
    LOL @.02 cent non GAAP beat! Not short, just amused. Seeking Alpha can you please start making the distinction between GAAP and non-GAAP numbers when you report earnings? People are going to get hurt.
    Jul 29, 2014. 04:35 PM | 6 Likes Like |Link to Comment
  • The Day I Sold Everything  [View article]
    I would add: there is no 'all in' or 'all out', as the dollar is a position.

    But one can certainly lean stock/bond/dollar/other.
    Jul 25, 2014. 02:51 PM | 18 Likes Like |Link to Comment
  • Amazon.com misses by $0.12, beats on revenue  [View news story]
    OK so how exactly is this different from FB? Oh, yeah, AMZN uses GAAP numbers and doesn't engage in fraudulent click-baiting to pump its ad numbers. (btw I'm not saying AMZN shouldn't be sold back down to 100....)
    Jul 24, 2014. 04:36 PM | 1 Like Like |Link to Comment
  • Sneaking Out The Euro Amid A Swirl Of Financial Signals  [View article]
    All that said, I have to say, I'm deeply skeptical that the ECB will be doing any large scale asset purchases any time soon. Japan and the US are doing wonders to show that QE doesn't help the economy and I think the corporatocracy is less entrenched in Europe, so, while I'm sure corporations would love to have the carte blanche to extract value, I don't see them being able to put it over on folks. But, we'll see. Please keep up the good work! And good luck out there!
    Jul 24, 2014. 04:18 PM | Likes Like |Link to Comment
  • Sneaking Out The Euro Amid A Swirl Of Financial Signals  [View article]
    A good read, as always, sir. I always enjoy your blog posts. FEZ seems to be tracking the IWM fairly well. Perhaps euro large cap will be a place to look for some EPS expanding buyback programs to keep pace with the SPX?
    Jul 24, 2014. 06:59 AM | Likes Like |Link to Comment
  • What A GDP-Based IMF Would Look Like  [View article]
    Sorry if in my shorthand comment I misspoke. I appreciate your thoughts.

    I think there is some compelling evidence for recently heightened cooperation between BRIC nations. The new lending facility which those countries have committed to for one; Chinese buying gas from Russians in non-dollar denominated transactions for another. But if you don't see that as significant I also find that interesting.
    Jul 21, 2014. 06:17 PM | Likes Like |Link to Comment
  • What A GDP-Based IMF Would Look Like  [View article]
    Marc, you mention that growing BRICS coalition power tends to come at the expense of Europe rather than the US, but I'm interested to hear your thoughts on the dollar vs BRICS subplot that appears to be developing.

    I would add that England has done a decent job staking out neutral territory, which I find interesting.
    Jul 21, 2014. 04:10 PM | Likes Like |Link to Comment
  • The West warns Russia of another round of sanctions  [View news story]
    It's not terribly re-assuring to see that there are so very many people who are absolutely sure they know what happened here -- because, of course, they read about the 'evidence' in their (surely unbiased) American/English newspaper. Come on, people! It's horribly, terribly sad that these dead people were/are being used as pawns in a geopolitical power struggle. But we will only ever be able to guess whose pawns they really are.
    Jul 21, 2014. 12:34 PM | Likes Like |Link to Comment