I see I've written 800 posts since this blog began in early 2007. That's a lot of words and thoughts.
Today I slept in a bit. I had planned to write about a report of Obama's response to a question about the private insurance competing with the government, but upon fact checking this morning, I saw that the report was simply miss-stating his reply. One needs to check facts or serious errors can happen. Too bad the press doesn't do this much.
Russia continues to act like the gangocracy it is. Two more rights activists are murdered in Chechnya. Russia did fight a war to keep that region part of its nation, yet seems to be unwilling to enforce the law there. And Russia's president is openly interfering in Ukraine's presidential election. You would think that he had enough to do in restoring Russia's economy and helping its people, but I guess restoring the old empire is a priority.
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Je ne fais rien ... is French for -> I am not doing anything ... or ... I am doing nothing.
Word of the Day
"Sedulous" - adjective [$10]; "sedulously" - adverb.
Sedulous means involving or accomplished with careful perserverence.
Sentence: Bunkerman works on his blog sedulously.
does nouriel roubini read this blog ??
ReplyDeleteno double dip recession he says
wsj survey of 47 leading economists
ReplyDeleteoverwhelming majority say ' the recession has ended'
I guess he does now ... maybe he realized he needs the insightful thinking in this sedulous blog.
ReplyDeleteBman should Ben be reappointed ?? and what do you think the president will do
ReplyDeletei absolutely want him reappointed..........by i don't think the moon cricket will do it......and neither do i think he'll give the job to larry summers
obama wants a 'yes boss' type of fed chairman.......someone like christina romer
the economists also say to reappoint Ben ... "hope" Obama listens.
ReplyDeleteI fear Obama will not reappoint him. That woul dbe really bad.
ReplyDeletethat a big reason in my somewhat conservative stance on the market.
ReplyDeleteLots of TIPs in Krypto Fund.
Bman should pension funds be barred from trading credit default swaps ??
ReplyDeleteI just had some hardtack for breakfast. THe Union Army in the Civil War ilved on it. Mine was made in the authentic. It's actually OK with peanut butter ... better than normal crackers as it has no extra salt.
ReplyDeleteIn coffee, though, it's pretty bad even with sugar. The soldies had it that way or fried with bacon.
I'm taking it on the canoe trip to re-enact a bit of the old ways.
yes, no trading them, but buying them to protect against long bond positions is OK with me.
ReplyDeletepension funds should absolutly not trade actively at all.
for example, a pension fund might make investments via long term private placements in corporate debt, etc. In a adverse situation, they might have trouble selling that private placement, so buying a credit default swap would be good for them to reduce risk.
ReplyDeleteBman what is your take on the IRS v UBS tax case ?? i've never heard ou comment on it.......and i've read about 777 of your 800 posts
ReplyDeletebeing a libertarian you should side with the common man who is tryin to escape an intrusive federal government........thomas jefferson believed a federal government had no right to tax it's citizens
I'm not sure where I stand in general - to me it depends. If the account is being used by the ruling clases to hide income, then I think that's wrong. If it's to keep wealth away from the grasp of the government, that's OK with me.
ReplyDeleteMost UBS customers are not the common man, by the way. They are the rich and powerful - the ruling classes.
There is a box on the tax form one must check if one has a foreign bank account, by the way.
interesting Bman
ReplyDeleteso the 'rich and powerful' don't have the same rights and protections as the common man ??? quite the take
The public associates Big Ben with Paulson and with bailouts....abd with Wall Street...Ben might as well start moving stuff backinto his office at Princeton...he is as good as gone...
ReplyDeleteI think my views are rather clear - the rich & powerful have the same rights & protections, but their actions need to be regulated and restricted when they tend to harm the common man.
ReplyDeleteSo when they use they wealth to hire people/banks to help them break tax laws that apply to the common man, they should not be able to buy their way out of the penalties.
That's different from a person of Swiss descent who keeps a Swiss bank account to have ready currency on visits to relatives in the homeland.
ReplyDelete[by the way, I know a guy - a common man no doubt - who does that.]
so to me, the Swiss should cough up the big accounts and leave the small ones alone.
ReplyDeleteBut they aren't motivated by principles.
that's my fear, mfl.
ReplyDeleteYouky needs to take lessons from ace...ya never charge out of control..otherwise ya get a 2 point takedown against you...sloppy...those poor frustrated Sox players and fans.....think they can still be bullies but end up on their backs....stick a fork in em ...you homo beantowners are done....
ReplyDeleteBunk....are detonators an asset class?
ReplyDelete"Bunkerman works on his blog sedulously"
ReplyDeleteI feel the sentence should read as follows:
"Bunkerman works sedulously on his blog"
Sedulous is an adverb, describing how you work, not the blog...Therefore the placement of the adverb at the end of the sentence can give the impression of a different meaning...
What say you Bunk?
sedulously is an adverb; sedulous is the adjective.
ReplyDeleteIn this case (not always) it seems to be a matter of emphasis alone. Putting "sedulously" earlier in the sentence gives it more emphasis, while at the end it's more just flatly stating a fact. It could even go first and not change the meaning here.
I like your sentence better, mfl.
a gold star to you ...
detonators ... hmmm
ReplyDeletePerhaps in a post-armagheddon economy they would be, along with firearms, ammo, gold & silver, cigarettes, nylons, "les préservatifs", chocolates, etc.
Bunky..you should be the new fed chair and the bunkers boys will form the FOMC...except for Bud of course...he's not that bright you know.
ReplyDeletegood idea, frosty.
ReplyDeleteCongress might be a problem, though, since I've written many times that they are knaves.
ReplyDeleteand with me calling Obams the Bloviator and Le Grande Boucher, he might not see me as a sycophant.
ReplyDeletesure seems like there are few sellers lower ... and that real buyers are waiting to scoop up any crumbs that fall down.
ReplyDeleteBunky...feeling left behind today...clean your scope, those aren't horns.
ReplyDeleteCVGI
ReplyDelete'nailed it' 'high five'
a double in a couple weeks !!!!!
i'm not that bright you know..........but i'm bright enuff to own a remote control......
danke vielmals jim!!!!!!!!!!!!!!!!!!
i may not be bright.......but here's what i do know.......frosty's a phony .......a fraud......a f'ng douchebag
ReplyDeletePS......still wanna be friends ????
"Way to go Bud"
ReplyDeleteamateur hour indeed...
Act as if son....
Bob : " Sal.........why you gotta be so rude......so filthy......so nasty ? "
ReplyDeleteSal : " Cuz i'm a nasty motherfucker !! "
PS......what movie is that from ???
one pitch three swings...not bad at all...catch some some pine.
ReplyDeletelook it Haji....that kinda hissy fit might work on Dr Quest and the Peshwar locals...but not around her pal....USA USA USA!!
ReplyDelete1pitch 3swings
ReplyDeletelmaoooooooooooooooooooo bob
True about being left behind ... Ms. Market wants to punish me for selling the Obama Fund in early July.
ReplyDeleteAt least Krypto is plenty long. Imagine, dog wth more brains then a Ph. D.
Bunky...short covering on a fed day like elmer still running the show...as we talked yesterday "if the fed can't crush the dollar move who can?"...chasing the tape here could be right, but, what say you Mrs. B, your the best.
ReplyDeleteBunky check these secondaries this week SPH BWP PSB AGNC...how about the largest IPO of the year today STWD busted price...insider sales are through the roof across sectors....T2108 high 80's...bulls 49%...I could go on.
ReplyDeleteUhhh Bob...the recession is over...the rest is irrelevant...you know that...
ReplyDeleteMike LMAOOO...indeed sir...15 yrs of 5% GDP all will be well...if not now when...oh man.
ReplyDeletenot chasing here ... but I think my S&P 1200 year end is good.
ReplyDeleteI'm long enough ... no bad entries for me
Mrs. B is doing nothing but trying to get Sky ready for the sheep herding trials this fall.
she has plenty of longs, too.
ReplyDeleteyou see if jim is taking new inwestors...been sitting in cash all year...think he is about to make his big move.
ReplyDeletewhy does Bob ( or anyone ) care what mrsB is doin in the market ??? what are her credentials
ReplyDeletemy gardener buys stocks........do you guys want me to post his trades ??
lmaoooooo......he wants to confirm a bull mkt before he moves in....cash since 2006 indeed...
ReplyDeleteHIG
ReplyDelete'nailed it' 'high five'
not too bright i am.......not too bright indeed
danke vielmals jim !!!!!!!!!
also she thinks Obama is a disaster.
ReplyDeleteI can't argue that except to point out that nothing has yet been passed into law. IFF he implements his talk, it will be bad.
Of course, I am not a trader any more.
Credentials ?
ReplyDeleteuh Bud ... Krypto is a dog yet is beating the S&P and most hedge funds YTD. And the Sharkfolio I'm told.
Bunkerman I'll have you know that the standard deviation of "jim's" returns mirrors that of Mr. Madoff...
ReplyDeleteBunky...some on the FOMC must be ready to raise rates...no way they are in lock step...are they?
ReplyDeleteCATM
ReplyDelete'nailed it' 'high five'
i'm not too bright.......i just buy the stock of the week...........i sure am ignorant
danke vielmals jim !!!!!!!!
Bud you see how your hero Youkilis got thrown by Rick Porcello? Thats what Jersey style is all about....perhaps you'd better think of that before you run your mouth again...
ReplyDeleteMern USA-Mexico kicks off in 2 hours....come back sir....
no, frsoty, I don't see that at all. They can't reaise raise until job growth is positive for a few months.
ReplyDeleteBunky UUP TBT with a bid...is that you sir...very beefer like indeed.
ReplyDeleteno, I'm trying to finish "Elmer Gantry" this afternoon. A fine book - Mern would really like it.
ReplyDeletebobbie marcin pissin fire...This "stupid Fed tricks" mentality created the mother of all leverage problems. It got us the bubble, it will cause the meltdown in the dollar and T-bonds.
ReplyDeleteI mailed him a link to your blog bunky...obviously he need some education.
Good job, frosty. Thanks.
ReplyDeleteI guess I'll have to explain why inflation might not become a problem. It's so easy ...
Of course one must have read about 100 books on the history and behavior of money and credit for the past 300 years.
Someone like Ben ... et moi.
a course with Fischer Black helps, too.
ReplyDeleteBut if Obama appoints some boob, then head for the gold & TIPs.
ReplyDeleteKrypto has already hedged her bets.
may I suggest going to Shark School instead of a class with Fisher Black? tuition only $6k
ReplyDeleteGOOOOOOOALLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL
ReplyDeleteUSA USA USA USA
finished "Elmer Gantry" - what a great book.
ReplyDeleteshark school ... roflmao
ReplyDeletefor $6k I can buy 150-300 fine books.
and "his" would not be one of them.
THEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
ReplyDeleteYANKEEEEEEEEEEEEEEEEEEEEEEEEEEEEEES
WINNNNNNNNNNNNNNNNNNNNNNNNNNNNNN!!!