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Art Trader

Art Trader
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  • Chinese exports surprise on the upside in September, increasing 9.9% Y/Y to a record $186.4B vs. consensus of +5% and +2.7% in August. Imports +2.4% vs. -2.6% in August and forecasts of +2%. Trade surplus +3.6% M/M to $27.67B vs. expectations of $22.4B. However, Citigroup economist Ding Shuang cautions that weak economic conditions in the U.S. and EU raise uncertainties for Chinese trade. [View news story]
    It's incredible what those Chicago guys will do.
    Oct 14 08:56 AM | 2 Likes Like |Link to Comment
  • Since the Court upheld Obamacare, small business owners have gone from denial to outright anger. Many entrepreneurs are focusing on figuring out what moves they can make to gum up the works and prove healthcare reform was a bad idea and offer a case study on why it will fail. Some of the top threats: Firing workers instead of hiring, stop providing health insurance altogether and pay the $2K penalty, or even going so far as to shutter their businesses.  [View news story]
    Works in Massachusetts. So as long as you have a disproportionately high number of residents with advanced degrees, a hundred colleges and universities with great coverage, an insurance and finance hub, and a biotech haven universal care works well. Massachusetts is obviously a microcosm of the United States. I'm sure you can find an analogous population to represent overweight, deep fried eating, chewing tobacco loving, Mississippi. This is going to work out great.
    Jul 17 11:05 PM | 3 Likes Like |Link to Comment
  • Apr. ADP Jobs Report: +119K vs. +201K prior (revised from 209K) and expectations of 183K.  [View news story]
    Huge miss!
    Epic fail!
    May 2 08:18 AM | 4 Likes Like |Link to Comment
  • The Trulia Price Monitor shows national house asking prices finally halting their slide and heading up in March, with a 1.4% Q/Q rise. The index bills itself as a leading indicator as opposed to the lagging Case-Shiller (whose January report included sales from contracts signed in September). Leading the move higher were big jumps in most all of Florida.  [View news story]
    And so began the official start of the national baby-boom retirement state income tax drain.
    Apr 6 11:15 AM | 1 Like Like |Link to Comment
  • Enviable Demographics And The Baby Boomer Retirement Myth [View article]
    "For example I marvel at how my brothers and sisters have managed to put all their kids through private schools on their teacher and cop salaries. That accomplishment alone dwarfs the U.S. debt issue in my world. "

    "Teacher and cop salaries" elevated to a point that allows for private school tuition for all their children is a modern, western phenomenon. It is a historical anomaly in public expenditures that should encourage us to think more deeply about the connection between those salaries and the debt issue. Not only does this accomplishment "dwarf the US debt issue in your world" but it is intimately related to the US, state and local debt issues. Eh?
    Mar 30 08:20 AM | 7 Likes Like |Link to Comment
  • China will probably have a soft landing in the near future, says World Bank President Robert Zoellick as he introduces "China 2030," a report that stresses sustainable economic expansion for China will require redefining the government's role, scaling back state-owned enterprises and gradually allowing market-set interest rates.  [View news story]
    Market-set interest rates? When does the "United States 2030" report come out? I'll pay to send a few copies to the Marriner Eccles building.
    Feb 27 08:34 AM | Likes Like |Link to Comment
  • How Much Is Jeremy Lin Worth To MSG? [View article]
    It takes an Asian to bring true value to MSG?
    Feb 14 01:45 PM | 2 Likes Like |Link to Comment
  • Under discussion in Beijing is a plan to allow local governments to invest a portion of the nearly $312B in pension funds in the stock market. Current rules allow the money to only be parked in bank deposits or government paper. Give the Chinese credit - stocks in Shanghai are near 3 year lows. Governments typically only get interested in buying equities during (and likely at the end of) major bull markets.  [View news story]
    Oh yes... I'm the great....pretender,
    Pretending that I'm doing well.
    My need is such, I pretend too much,
    I'm lonely, but no one can tell!
    http://bit.ly/vpO4BL
    Dec 21 11:17 AM | Likes Like |Link to Comment
  • North Korean dictator Kim Jong Il is dead, according to NK state TV. Video here.  [View news story]
    He's licensed to il!
    Dec 19 12:34 PM | 1 Like Like |Link to Comment
  • Natural gas futures hit their lowest level in more than two years in early trading before recovering a bit, as a near-term forecast for mild weather looks set to continue. Analysts say the $3 barrier could be breached with production still strong and demand tepid. "It's winter and we're not seeing winter-like temperatures." The NAGS natural gas ETF is -0.7%, extending its 3-month 36% decline. [View news story]
    Winter officially begins Dec. 22nd. Correction: "It's NOT winter and we're not seeing winter-like temperatures." Surprise, surprise.
    Dec 16 11:41 AM | Likes Like |Link to Comment
  • House Republicans increase the pressure on the Obama administration and GM to answer questions as to why a fire with a crash-tested Chevrolet Volt wasn't disclosed for several months. Transportation Secretary Ray Lahood counters the agency needed to determine if in fact the Volt was the cause of the fire before releasing the information publicly. [View news story]
    I guess maybe we'll really see what's under 'La hood'
    Dec 9 02:54 PM | 2 Likes Like |Link to Comment
  • Wal-Mart's (WMT) entry into the primary healthcare provider business promises the sort of disruptive action the industry needs," writes healthcare tech consultant Rip Emerson. Traditional providers, many making newspaper industry mistakes, need to recognize this. "Competition that crushes flawed business models comes from unexpected places."  [View news story]
    Primary healthcare provider? Perhaps the next Wal-Mart Baby will be a scheduled delivery!
    Nov 22 04:31 PM | Likes Like |Link to Comment
  • Warning about the spillover from Europe, Fed Vice Chair Janet Yellen says a new round of stress tests on U.S. lenders will begin soon. Unworried about exposure to EU sovereign debt (is she aware of MF Global), Yellen believes the real issue for U.S. banks are links to their European counterparts.  [View news story]
    Janet's been reading Reggie Middleton again! Bring it on!
    Nov 11 01:40 PM | Likes Like |Link to Comment
  • Waste Management (WM): Q3 EPS of $0.63 beats by $0.02. Revenue of $3.5B (+9% Y/Y) beats by $0.1B. Shares (PR)  [View news story]
    Waste Management. Update your database.
    Oct 27 08:52 AM | Likes Like |Link to Comment
  • Thermo Fisher Scientific (TMO) loses 5.6% after it gets lumped in with the group of companies (I, II, III) that could see a revenue hit from lower academic research spending.  [View news story]
    And their catalog makes a great doorstop at the lab! Sometimes it takes theirs plus the Sigma-Aldrich to hold it open. "lumped in?" It's no mistake - academic research is HUGE for Fisher.
    Oct 7 09:49 AM | 1 Like Like |Link to Comment
COMMENTS STATS
120 Comments
177 Likes