Archive for July, 2010

  • Citi’s SEC Fine – You Should be Perturbed By This
    Posted by on July 31st, 2010 at 2:32 am, Comments: 0

    Something has been bugging me today about Citi’s recent fine and settlement with the SEC.  From the NY Times: “Citigroup agreed on Thursday to pay [...]

  • WYNN: Q2 2010 Conference Call Tidbits
    Posted by on July 30th, 2010 at 6:50 pm, Comments: 0

    As I like to do every quarter, I’m about to sit down and read the transcript of Steve Wynn’s quarterly earnings conference call.  Like David [...]

  • On Big Government – Or Not
    Posted by on July 29th, 2010 at 2:59 pm, Comments: 0

    I couldn’t decide what sort of title to give this post, so I just went with the catch-all “Big Government.”  Barney Frank, while no hero [...]

  • Hussman on Bernanke, Fannie and Freddie
    Posted by on July 29th, 2010 at 1:52 pm, Comments: 0

    Last month I wrote about Bernanke’s Guaranteed Box Full of Crap, where he somehow justified the Fed’s purchase of a trillion dollars of Fannie and [...]

  • It’s All In The Reporting
    Posted by on July 28th, 2010 at 1:22 pm, Comments: 0

    The durable goods report came out this morning – so how was it?  Let’s go to the spin: Bloomberg: “Capital Goods Orders Rise, Showing U.S. [...]

  • Jersey Shore Cast Rings the NYSE Opening Bell
    Posted by on July 27th, 2010 at 2:11 pm, Comments: 0

    As usual, I couldn’t make this stuff up if I tried: Bull market, bayyyyy-beeee!  Have no fear. (h/t Clusterstock) -KD Share on StockTwits

  • Another Guaranteed Box Full of Crap – via FDIC
    Posted by on July 24th, 2010 at 3:49 pm, Comments: 0

    This is now the EIGHTH time I’ve used the Tommy Boy analogy on my blog (type Tommy Boy in my search box for the others): [...]

  • The Week That Was
    Posted by on July 23rd, 2010 at 9:47 pm, Comments: 0

    Upon returning from my sojourn to New York City to see God Street Wine, I banged out a bunch of posts this week. -God Street [...]

  • Quote of the Day – PIMCO’s Rich Clarida
    Posted by on July 23rd, 2010 at 12:12 pm, Comments: 0

    “Positioning for mean reversion will be a less compelling investment theme in a world where realized returns cluster nearer the tails and away from the [...]

  • Garden: Secret Weapon
    Posted by on July 23rd, 2010 at 12:00 am, Comments: 0

    I have a secret weapon in my fight against garden pests:  a highly specialized working dog – the Brussels Tomato Hound: Just try sneaking by [...]

  • GM – You Can’t Make This Stuff Up
    Posted by on July 22nd, 2010 at 12:38 pm, Comments: 0

    “DETROIT (AP) — General Motors Co. says it will acquire auto financing company AmeriCredit Corp. so it can increase leasing and make more loans to [...]

  • Reality
    Posted by on July 22nd, 2010 at 1:53 am, Comments: 0

    Oaktree’s Howard Marks writes one of the must read quarterly letters (embedded below).  This one is a bit lengthy, including many extended quotes from mainstream [...]

  • Fear Not: Bernanke Will Talk The Markets Back to Health
    Posted by on July 21st, 2010 at 8:18 pm, Comments: 0

    Fear not, Helicopter Ben’s soothing prose will act as a policy tool.  Courtesy of Clusterstock comes Ben Bernanke explaining that he is not in fact [...]

  • Garden – The Good, The Bad and The Ugly
    Posted by on July 21st, 2010 at 3:50 pm, Comments: 0

    My wife harvested a bunch of cucumbers yesterday… No – that’s not a setup for a joke – she really did.  I mention it only [...]

  • Baseball, Nostalgia, Life – A Book Recommendation
    Posted by on July 20th, 2010 at 10:12 pm, Comments: 0

    It’s very very difficult to write emotionally poingnant, simply worded, nostalgic prose.  Many people try, and often times the harder one tries, the more garbage-esque [...]

  • World Series of Poker Final Table
    Posted by on July 20th, 2010 at 6:17 pm, Comments: 0

    Yep – it’s finally set – the 2010 “November Nine,”  aka, the Final Table of the Main Event of the 2010 World Series of Poker.  [...]

  • God Street Wine – NYC Reunion
    Posted by on July 20th, 2010 at 5:32 pm, Comments: 0

    I remember the first time I listened to God Street Wine.  My sophomore year in college, Slutzie lent me his “$1.99 Romances” CD, and I [...]

  • Anecdotes – and Catching Up
    Posted by on July 20th, 2010 at 12:41 pm, Comments: 0

    I’m back from a mostly-internetless weekend where I saw a bunch of old friends and saw God Street Wine in concert twice.  Two quick stories [...]

  • God Street Wine in New York City
    Posted by on July 15th, 2010 at 10:25 pm, Comments: 0

    “Well we’re drivin’ into town, mom, but don’t let it trouble ya – my girlfriend’s drivin’ and she’ll stay straight.  We’re all going in to [...]

  • Pickle Farmer
    Posted by on July 15th, 2010 at 4:21 pm, Comments: 0

    When people asked me what I was going to do in New Hampshire, I’d jokingly reply “pickle farmer,” which would make Big Show laugh every [...]