That word originally meant, "good news". And that is what I will give today.
GDP in Japan grew at 3.7% (annual rate), compared to 1.4% forecast by economists. So where did that growth come from ? The US - nahhh. China - probably, and the rest of Asia, too. I've wrtten here before about my long term thinking that a "Greater East Asia Co-Prosperity Sphere" that will develop and become a major force in world economic growth. So this rise in GDP of Japan despite US weakness in the same time period suggests this is now happening.
The Japanese stock market was up over 4% and the other major markets in Asia - India, Hong Kong, China, Taiwan - were up strongly, too.
What else does this "fact" tell us ? World economic momentum is not slowing. The US no longer is the elephant driving all the world's economies.
Battleship Ben tesitfies today with his annual Humphrey Hawkins testimony. I expect him to stress relieving economic risk, and toss a well-gnawed bone to inflation hawks.
Words of the Day
#1a - "sentient" - noun and adj. [$10]
"Sentient" means responsive to or conscious of sense impressions.
Sentence: Success in independent long term investing require one to be sentient by paying attention to, and thinking about economic and corporate facts and events in time.
#1b - "insentient" - adj. [$10]
"Insentient" means without consciousness or sensation: inanimate
[for sentence, see below]
#2 - "theurgy" - noun [$10]
"Theurgy" means 1a. supernatural or divine agency esp. in human affairs; 1b. the art of securing this; 2. a system of white magic performed by Neoplatonists.
Sentence: Many hucksters offer stock traders an insentient theurgy of charts and lines to divine the future prices, at a charge, of course.
#3 - "deliquesce" - verb - intransitive [$10]
"Deliquesce" means to become liquid, melt.
Sentence - Will this rally deliquesce under a new wave of beefer fearmongering, or will rationality prevail and help it gain momentum ?
PS: Hmmm ... hehe ... I said "huckster" ... does that remind anyone of "Huckabee" ?
PPS: Eurozone GDP Q4 growth better than expected, too.
About Me
- Bunkerman
- I have a pioneer mentality. My wife & I live in the woods - neighbors aren't visible except slightly in winter. Our "bunker" - hehe, really a fine home & barn - has plenty of security. We have four dogs: Krypto (age 9, Kelpie), Ava (age 13, Rat Terrier), Sky (Kelpie, age 5) and Lucky Star (age 1, kelpie). I don't take crap from anyone anymore, having enough resources & gear stocked up to survive in any circumstance. I have three degrees from Harvard including a Ph. D. in a physical science, and an MS in Management from MIT. I worked as an investment banker for about 25 years, mainly in secured finance, at three major Wall Street firms and for the last 17 years with my partners at our own firm. I'm semi-retired now, managing some private corporations and business interests and doing my own trading & investing. This is not to boast, but to give you an idea I know a little about some subjects from experience. The photo is my 1943 M16 half-track which I am restoring. These armored vehicles were ubiquitous in the US Army in World War II and Korea. It's driveable.
43 comments:
happy valentines day!
http://www.youtube.com/watch?v=wnVJZkDuVBM
either u like sarah silverman or u dont, but this is seriously one of the funniest things ive ever seen.
ive got a full plate of stuff to do today with da worden.
interesting watching that PFE piece on their smoking drug, when the cnbc guy asked the guest if he ever "dropped acid in college?". basically asking maybe u were having an acid flashback when he was talking to an imaginery person. ive taken LSD about 500 times give or take. i have never had 1 flashback. me thinx it is an urban myth. i dont know anyone who has ever a flashback unless it was self induced through deep mediation.
peace out
Yes, Happy Valentine's Day !
I need try try that show. Your tip in South Park was a real winner.
That reporter was a real jerk, in my humble opinion.
I guess I did OK for sentences without Hillary to beat on. I will survive her campaign's demise. Whew!
had to watch it one more time
matt damon and sarah silverman
LMAO!!!!!!!!!!!!!
what recession? Four more years!!!
Not four more years of W, please. Arghhh !
lolololol....just checking to see if Bud is awake...
I am going to NYC today & tomorrow, so won't be able to post a blog Friday. Not taking the PC.
Good luck!
uh bunker boys...real men don't great one another with happy valentines days...unless...not that there is anything wrong with that.
frosty did u get the worden something for today?
some type of semi automatic weapon, perhaps?
just read the 105 page deposition from andy.
either he has the IQ of 14, or rodger is lying, BIGTIME.
too bad dubya wont be around to pardon rog in about 3 yrs when he goes to jail for perjury and witness tampering.
still the biggest thing i discovered yesterday was the dems and repubs r just pure slime. i am proud to be a registered independent.
so the "moral right" backed the cheater. and the liberal left is more concerned about taking drugs and cheating the game?
one wud think it wud be the other way around, but then look at who they were going after and where he is from, then it makes some sense.
UTTERLY DISGUSTING!!!!!!!!!!!
a waste of taxpayers money and one big circus of bullshit!
Mern...of course by honey is well taken care of...you think she stays with me because of my sunny personallity...perhaps it is my good looks and massive package, but I doubt it.
darkside for me today...BWLD AMZN MCD KNOT BEAV...TWM DBA indexers.....virtual indeed.
poor mfl
he's in trouble now
Oman gonna brainwash him with his pollyanna kudlow type talk
when all is said and done......they'll be writing books and makin movies about this recession like they did on the great depression
don't let the Oman fool you mfl!!
your portfolio needs you to be smart
good luck
Bunkerman...Bud is picking on MLF59.
oh bud u know deep down i have nothing but love for u.
that said, we been talking about sub prime for over a yr. the fins have been writing off everything but the kitchen sink (unlike japan).
u and i live where the house problem is a depression. probably worse here in crackerville, than the jew heaven u live in.
i was driving home after pussy practice last nite at 930. roads packed, bar packed, i dont get it?
the reality is staggerlee, but the govt wont ever show the real cpi. so expect the recession to be about over already. live i have been saying. the govt will let us know about when they can show its over.
the $ is gonna keep going down, and china, india, russia and brazil will keep the world economy going.
yes r manufacturing base is gone. yes we r going to lose some service sectors job as well, maybe a lot. so we have an asset based economy and has long as dc is smart enuff to keep the GS's executives in charge of the treasury, the asset portion of the economy has to work. too much at stake for that not too happen.
its all bullshit, but the PPT gonna toe the line.
that said, we take out the MLK lows, then we cud really unwind.
keep watching those corporate bond spreads against the curve, to see when real risk taking comes back. also look at the yield curve, finally the fins can make some easy money without all the leverage. borrow on the short end and put it out on the long end.
paulsen understand how bad this is, re housing. they gonna invent all sorts of stupid new rules to keep people in thier homes.
so we just move to the next bubble which is commodities. the beefers will take that higher until 2010 and once everyone is 200% long gold, maybe the depression will start.
now go take some sugar from your darkside winnings this yr, buy and ounce of coke and go have some fun with dooz in south beach.
:-)
read pages 65 and 66 of andys deposition.
http://assets.espn.go.com/media/pdf/080213/mlb_pettitte.pdf
rog is in big trouble. tampering with the nanny and lying to the feds
actually the whole things makes rog look bad.
he has been getting ready for this fire storm since 2005. he has been covering his tracks for almost 3 yrs, becuase he knew yesterday was coming. what he didnt count on was andy rolling on him, and the physical evidence.
rog been mighty proactive, but not about suppling his DNA. while the steroids, from what i read r less stable, the HGH shud still have some residue on the needles, and if rogs blood matches the needles with HGH, he is finished. maybe that wont fly in court, but he wont get into the hall. he wont make a dime in endorsements ever again, and at 10,000 bucks an hour, u can go throw 50- 100 mil rather quick.
he was probably juicing his entire career, hence y he didnt blow up like bonds.
it makes no sense to keep a guy on the payroll who drugged your wife unless u r worried that by canning him, it wud leave your ass out in the wind.
also, again, andy confirmed it. and chuck admitted his guilt.
yes mac lied. thats what crooks do. they lie and lie, until they get squeezed. then they show some of thier hand, then some more, then spill thier guts. and while he is a POS. there r probably about another 30 macs running around the country. every team has/had a mac, except maybe the royals, devil rays and other basement dwellers.
B-12 my ass!
Even longtime Clinton ally James Carville is acknowledging that Hillary is in trouble, saying that if she loses the March 4 primary in either Texas or Ohio, her campaign is doomed
rocket and andy drew straws, determing who the white token bond's bookend would be...andy had the short straw, but decided to turn on the rocket when the heat was turned up.
is this a recession?
whatever frosty. rog lied to the feds.
just ask martha, koz, skilling, marion jones or bonds how that is worked for them?
i know next time i goto to denver im gonna visit naccachio in jail. im sure he is lonely. im sure ill get 10 seconds off before he walks away.
the repubs shud really be ashamed of their behavior yesterday. they went to bat with a felon, but that is the MO of the moral right. blame the gays, and on the backside do shit that most people behind bars wudnt think of.
like senator graig using 200k of campaing funds to pay his attorney for his wide tappa tappa stance in the public bathroom.
at least barney frank was like, "ya im a fag, big deal!"
is hiliarys campaign dead?
Mern...your holier-than-thou attitude is disgusting.
i see mccain top advisor is leaving if obama gets the nod.
i guess he is thinking u really cant attack obama.
obama has all the MO. now he just needs a real plan, other than tax, spend and change.
the rights pray hildog get the nod. they will slice and dice her until she cries for weeks and even bill give her a pity roll in the hay.
he must hit that at least once a decade.
frosty, i live the golden rule. i have never fucked anyone over in my life.
i cud cast the first stone!
i dont need a bible to tell me to be honest. not to cheat on my wife. not to steal. etc.
i hate both parties equally!
deal with it!
the moral right?????????????
fags, crooks, bible thumpers who think the world is 10k yrs old.
ROFLMFAOOOOOOOOOOO
Mern...I only wish it were earier to get you fired up...LMAOOOOOOOO
"frosty, i live the golden rule. i have never fucked anyone over in my life."
I bet the poor saps ya sucker punched in those soccer matches would beg to differ....loooooooooool
that was our goalie, not me.
i only leveled the dude who grabbed my nutz and twisted like it was a vice.
that was pure instinct, id say he deserved it.
it was a 50/50 ball and we got tangled up. on the ground, he did that.
that is something i wudnt ever think about doing.
typically when i see fights break out, which is about every weekend. i just walk off, get a drink of water and think WTF to myself. its a sundays rec league, y fight every weekend?
frosty u dont get me fired up.
DC gets me madder than hell.
freaking NUKE IT!
seriously what if everyone high up in the pentagon, oval office, congress and the supreme court all died today. oh dont forget the lobbyists, they all need to die! actually anyone who been in dc politically for more than 10 yrs. OFF WITH THIER HEADS! or leave
we wud be so much better off as a nation. maybe it wud be chaos for a few years, but after the dust settled, we wud be better off
Bunkerman...without your gold sales and purchase of cheap pe stocks the common man has no chance...leaving mrs bunky on V is bad luck...I hope the tape holds while you are gone...better yet, hope mrs b dosn't take the k=bar to you big tools :)
Finally, I found this link.
oil going back to 100.
is that a recession?
I'm determined to go forward," said Specter, the ranking Republican on the Judiciary Committee. "You have answers and positions where [Goodell] is saying that with the destruction of tapes that, 'We did the right thing. We're absolutely sure.'
man this freak is not gonna stop until the eagles r declared the winner of the 05 super bowl.
In a preseason opener in August of that year at Gillette Stadium in Foxboro, the Patriots and the Philadelphia Eagles played in what proved to be a preview of the 2005 Super Bowl, won by the Patriots 24-21. And in an Oct. 31 regular-season game in Pittsburgh, the Steelers beat the Patriots 34-20. Those two teams later met in the AFC title game, which New England won, 41-27.
see were he is going.
i dont know about donny or TO, but i will gladly take that ring!
lol
During Wednesday's hearing, Clemens testified that he was not aware he would be named in the Mitchell report until it actually was issued Dec. 13 -- one week after McNamee and Murray spoke by phone. Clemens attorney Rusty Hardin said Thursday that Clemens was aware of what McNamee had told Murray and even listened to the recording on Dec. 9, but that there was no way to know if Mitchell was going to actually use the information in his report.
getting worse for the rocket by the day.
and if u read andy's dep. he says clemens first disclosed using HGH in 99. then in 2005 when andy asked him about what he said in 99, clemens started back tracking and threw his wife under the bus. but he testified she used in 2003, not 99.
so, again, either andy is retarded, or clemens is lying out his ass.
i believe andy. i believe chuck. and through default now believe mac.
that leaves rocket as the perjurer.
rumors going around, like frost predicted, rocket will be pardoned by dubya. but can that happen if they dont indictment him until obama wins?
the way the right stood up for rocket on wed was a new low for the party, which frankly how do u get lower than 0?
crap salmon prices going through the roof
mmmmmmmm, they look tasty!
pass the soy saucse, saki and wasabi!
The Vatican has defrocked a Philadelphia priest with a long and sordid history of sexually molesting altar boys after plying them with alcohol and forcing them to sleep in his bed, archdiocese officials announced yesterday.
But the decision to cast David C. Sicoli out of the priesthood came three decades after archdiocese officials first received complaints about him and almost four years after they launched an investigation into allegations that he molested at least 11 boys.
"the moral right"
i better start going back to church. im quite sure the catholics r totally right. that is why thier god allowed this to happen to probably a million kids since the middle ages.
extreme muslims, catholics, mormons all gonna burn in hell. while i party with jerry and janis in heaven.
;-)
Mern...you get that job or what...salmon prices stable for frosty, other than a slight increase in marine fuel. the spring king run looks great in south alaska and is set to open the first of april.
mern remember what Dennis Miller said to the priest as he entered the confessional..."you first"
http://www.igotcramered.com/
i left a voicemail. i hope it makes the cut.
thx, mike!
frosty it looks gud. i shud find out next week when i start, or if i start. i was told by my potential boss that i blew him and his boss away on the interview. he suggested that he had 2 more interviews for the position. 1 yesterday, and 1 next tuesday. then on wed they wud make a decision. he told me unless they really blew me out of the water i was in. he was telling me how to get the best deal from NY. told me to hold firm on 70k and a 10% bonus, becuase i was clearly worth more than that.
so i need to get the offer. start 3/1 or so, and pass a DT. i can already pass a piss test. if they draw blood im scrwed.
hopefully i can leave this board alone around the 1st.
send me salmon, man!
man it has come to this?
u r single handily removing middle america into the lower class.
todd dont talk u anymore
trading goddess dont either, does she?
basically u r the most criminal person in the finance biz. after a 10 yr run my last day paying to read your bullshit is next week.
now if they wud just come to thier senses and get u off cnbc, maybe the avg investor wud stand a chance.
U R AMERICAS BIGGEST ASSHOLE. 2nd is bush. THAT IS HOW MUCH U SUCK MY BALLS!
please just do the country a favor, move to the middle east and tell the saudis what to buy, sell or hold. that mite be r only chance against al queda. im sure u cud blow the whole country up in 5 yrs.
GOD U R JUST PURE SLIME!!!!!!!!!!!!!
a little note i sent to jimmy.
"come here manny, give me a little kiss"
lol
HOUSTON — Former Federal Reserve Chairman Alan Greenspan said Thursday night the American economy is "clearly on the edge" of a recession, and he pointed to the depressed housing market as a primary culprit.
oh elmer, did volcker mush u like this back in the day. didnt u create the housing mess? and just recently say it was worth the risk, re arms.
SIR ALAN GREENSPAN, indeed. ROFL
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