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  • The slow-moving housing wave keeps breaking, crashing into markets once thought stable: This year, Seattle prices declined more than Las Vegas, Minneapolis more than Miami, Atlanta more than Phoenix. Bubble markets may in fact be on their way back up, even as ripples move through the rest of the country.   [View news story]
    Good article. Let's see what's on the horizon...

    Well. We could see a simple long term Japanese style stagnation. And that's the best case.

    Or, rising inflation could raise effective prices by decreasing the value of the dollar and existing loans so homeowners aren't effectively underwater, but everyone gets effectively poorer.

    Or, fannie and freddie could be put out of buisness and loans could get harder to get and values could drop further, so the middle class homeowners can get crushed even more than they already are.

    Yep, things look great!
    Feb 14, 2011. 02:27 PM | 1 Like Like |Link to Comment
  • Low food stocks, surging demand, zero interest rates, and bad weather combine to create a subprime crisis for emerging markets. If governments don't want to get "Egypted," they should stop worrying about their credit rating and take steps to ease the burden of surging food prices on their citizens.   [View news story]
    Mr Emerging Market, may I suggest you stop pinning your currency to the dollar?
    Feb 14, 2011. 02:19 PM | Likes Like |Link to Comment
  • The S&P's rise to a Shiller P/E above 24 tells John Hussman that "valuations are richer today than at any point in history," except for just prior to the 1929 crash. Further upside is limited, he says; "with no transformative technologies driving the economy, little expansion in capital investment, and ongoing retrenchment in consumer balance sheets," there's little life left in this bull.   [View news story]
    I do; but you gotta pay me. Think about what's fair, and multiply it by 10, we can start negotiating my fee from there. Just remember, results are not guaranteed and taking my advice may expose you to substantial risk of loss, but my fee has to be paid regardless.

    /tongue firmly in cheek
    Feb 14, 2011. 02:16 PM | 4 Likes Like |Link to Comment
  • China's trade surplus falls far greater than expectations, coming in at $6.5B in January vs. $13.1B in December. With G20 meetings on tap, the numbers will bolster China's claim that a speedier appreciation of the yuan is unnecessary.   [View news story]
    I wish i could juggle my books as well as China...
    Feb 14, 2011. 07:43 AM | Likes Like |Link to Comment
  • CEO Stephen Elop's attempts at reassurance fail to do the trick, as Nokia (NOK) continues to get pounded premarket. After falling 14% on Friday, shares are -3.6% premarket. (Nokia's shake-up plans: I, II, III)   [View news story]
    Only Elop thinks this was a good idea...
    Feb 14, 2011. 07:40 AM | Likes Like |Link to Comment
  • Companies itching to buy their way into China's market will soon face extra red tape: China plans to set up a ministerial panel to review planned takeovers of local firms by foreign investors for national-security concerns. This covers investments in military, agriculture, natural resources, transport, tech and other sectors.   [View news story]

    No problem!

    We shall perform.... reverse mergers! Thanks for teaching us your tricks China!
    Feb 13, 2011. 09:49 AM | 1 Like Like |Link to Comment
  • Egyptian VP Omar Suleiman, speaking in Cairo, says Hosni Mubarak has stepped down and that presidential powers have been given to a military council. EGPT +4.6%.   [View news story]
    Egypt bonds under less pressure than most of Europe's...
    Feb 12, 2011. 06:00 PM | Likes Like |Link to Comment
  • Egyptian VP Omar Suleiman, speaking in Cairo, says Hosni Mubarak has stepped down and that presidential powers have been given to a military council. EGPT +4.6%.   [View news story]
    Eh, I'd agreed to some extent, Suleiman was virtually his right hand man.

    I'll say this though, Elbaradei's threatening comments in the morning probably helped, and I'll bet assurances of the protection of his Mubarak's wealth and interests was likely part and parcel of the agreement. Money has no nation.
    Feb 11, 2011. 03:57 PM | Likes Like |Link to Comment
  • Apple (AAPL) is reportedly taking on the fast-coming Android (GOOG) threat by planning smaller, cheaper iPhones - and ones that would work on multiple wireless networks. Also caught up in the competitive crossfire would be a newly-Microsofted (MSFT) Nokia (NOK -13.5%).   [View news story]
    Yep, Android being available on multiple handsets by multiple vendors and on every network has translated to more devices shipped and significantly faster growth than Apple has managed.

    Apple has been reducing prices on older generation hardware as a strategy to cover the mid and/or low market segments, but this new strategy suggests that adoption didn't meet expectation.

    Additionally, the competition has matured and are delivering superior hardware with comparable software. That said, Apple's margins are huge and they should still have plenty room to play but it won't be the same when they report.... of course Jobs knew this and bowed out at Apple's peak...

    NOKIA + MSFT is just a sad, sad, sad thing. Nokia from the front to the back of the innovation train in minutes.
    Feb 11, 2011. 03:52 PM | Likes Like |Link to Comment
  • President Obama speaking on events in Egypt. "There are very few moments when we get to witness history. This is one of them." EGPT +4.7%.   [View news story]
    The president spoke well, certainly the concept of continued US support will influence prospective events in Egypt.
    Feb 11, 2011. 03:23 PM | 2 Likes Like |Link to Comment
  • President Obama speaking on events in Egypt. "There are very few moments when we get to witness history. This is one of them." EGPT +4.7%.   [View news story]
    People already tried and failed in Iran...
    Feb 11, 2011. 03:21 PM | 3 Likes Like |Link to Comment
  • The SEC is reportedly investigating whether some traders are using ETFs to cover up acts of insider trading, relying on practices like 'ETF stripping' to disguise their trading patterns.   [View news story]
    2 steps forward 3 steps back, SEC has a hard time catching up let alone cracking down.
    Feb 10, 2011. 10:21 AM | Likes Like |Link to Comment
  • #feb11 “Two turkeys do not make an Eagle." TechCrunch's M.G. Siegler interprets Google (GOOG) VP Vic Gundotra's tweet bomb as expecting that Nokia (NOK) will ally with Microsoft (MSFT) in smartphones. "He wouldn’t tweet about anything unless he knew... it was a done deal," Siegler says, and "he wouldn’t tweet calling anyone a 'turkey' until he was sure it wasn’t going Google’s way."   [View news story]
    That's a shame if it it's true that the Google Android ship isn't taking on passengers; Nokia hardware + Android would have been nice, Nokia moving towards Microsoft looks absolutely stupid, Nokia has done everything first, maybe not as pretty or as easy to use, but if you can do something on a smartphone, chances are you could do it on Nokia's platform first. Moving to WM7 is backwards, the platform lacks a lot of the spit and polish of its competitoon.

    Frankly after taking a look at the new HP WebOS lineup, I'd daresay that a cooperation there makes far far far more sense, HP really positioning the platform in the same way Nokia has traditionally postuiioned theirs.

    WM7+Nokia... blech. How Elop can think he can make that work in Nokia's core markets is beyond me.
    Feb 10, 2011. 10:08 AM | Likes Like |Link to Comment
  • Although food prices are expected to continue rising in coming months, Dave Kansas notes that agricultural staples make up a surprisingly small amount of consumer inflation measures in developed markets because of efficiencies in production. "While price pressures aren't expected to evaporate, the big jump in food prices - with the exception of wheat - may already be done."   [View news story]
    Well, considering you can grow your own whereas its a little bit harder to dig up your own gold or oil, I am inclined to agree in the general; but in the specific, there are many crops globally that are grown specifically for export and that's an 'apple' of a different provenance.

    Food's the next shoe, if you aren't in it already somehow, better catch up...
    Feb 9, 2011. 08:56 PM | 1 Like Like |Link to Comment
  • As Stephen Elop looks to overhaul Nokia (NOK), DealBook speculates on potential dealmaking involving the company as a buyer or a seller and floats a shocker: at some point, Microsoft (MSFT) could try to acquire Nokia.   [View news story]
    Ummmm... why bother... another one of those head scratchers I hear every so often that make me ponder the motivations of the folks floating them...

    Nokia's platforms, interestingly enough, share some fundamentals with Android - Linux underpinnings most importantly - and there is some speculation that Nokia will move to adapt its platform to run Android apps.

    That, coupled with similar speculation about RIM potentially using a platform in its software to allow a similar situation, seems a far likelier possibility. Just because there are Microsofties running Nokia now doesn't mean Msft and Nokia is the smartest deal for either party.

    My expectation is that Nokia tracks its own course, as does RIM, but that both eventual make arrangements to partake of the Android Market.
    Feb 9, 2011. 08:53 PM | Likes Like |Link to Comment