I’m struggling to find a different way to say the same thing again… Ah, the hell with it. The 10-12 month cycle projection is...
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Radio Free Wall Street
Posts Tagged ‘ Complexity ’
Abstractions-and-morality-in-modern-finance
A mind for finance
And so it is that we get more intelligent and even better at the abstract thinking that allows us to introduce more complexity into the financial game that many of us play. Those who don’t work in finance look on and wonder why w...
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BBC video "The Secret Life of Chaos"
Good introduction to the incredible breadth offered by the new paradigm of non linear dynamics.
QuoteChaos theory has a bad name, conjuring up images of unpredictable weather, economic crashes and science gone wrong. But there is a fascinating and h...
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From Prostitutes to Bikinis – U.S. Prepares Tax Expenses
Prostitutes, cat food, trips to Africa: There are few limits to the expenses Americans believe should be tax deductible, but given the complexity of the tax code they may be forgiven.
To file taxes in the United States is to enter a Byzantine labyrin...
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Gold bull market … far from over
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For an EWaver he is very reasonable.
http://caldaro.wordpress.com/2011/01/16/gold-bull-market-far-from-over/
Gold bull market … far from over
One must keep in mind that Gold is not becoming more valuable. Its...
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Has the American economy turned into a “plutonomy”?
This makes the point I used to make about the nannies and the danger to full nanny employment if we tried to injure the talent.
I told everyone they would move to St. Petersburg.
No one would listen!
And now, my intuition has been proven correct tha...
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TBTF Requires a Controlled Demolition
If shareholders realized they they are getting the same shaft as depositors a major impediment to true bank reform could be swept away. Senior bank employees are using complexity of operations (which is more myth than reality) to hobble shareholder control and progressive era legislation to hobble depositor control.
Let the senior financiers keep their...
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Actionable Cloak of Complexity
The whole idea of a âleveraged public-private partnershipâ between Pig Men and the American citizenry makes my blood curl. From an investment point of view the bigger winners from this will be the âprivateâ looters like Blackrock and Pimco. However for me, there are two problems with speculating along side those players.� First, I...
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Renewed Signs of Stress – Professional Edition Fed Report
The Treasury completed its auctions for this week. A trend of slightly reduced indirect bids continued. While the changes are small this could be the first small sign that investors and foreign central banks are beginning to experience a loss of the firepower and will necessary to continue to accumulate Treasuries at the rate...
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No Paydowns This Week – Professional Edition Fed Report
The Treasury normally has a debt paydown in the January 15 week, thanks to tax receipts, but not this year. Including the notes auctioned this week that will settle Thursday, the Treasury will settle a net of $17 billion in new paper on the week. Instead of the usual paydown bump the market will...
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Fed Balance Sheet Collapses- Professional Edition
The Fed’s balance sheet shrank dramatically this week as banks paid off TAF loans and reduced their deposit accounts at the Fed on which they are no longer earning any interest. When the Fed cut the interest rate it paid on reserves I warned our subscribers that this would be the result. I expect...
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FED SHRINKS BALANCE SHEET!
The Fed shrank its balance sheet by $125 billion this week. How ya like dem apples! I will go through the H41 line by line and have a complete analysis in the next Professional Edition Fed Report to be posted either tonight or tomorrow AM. Try the Professional Edition risk free for thirty days....
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Bad News Matters When Liquidity Contracts – Professional Edition
The Fed this week discontinued its regular Tuesday rollover of $20 billion of 28 day 1 day forward term repos. They took no action yesterday or today, allowing these repos to expire, thereby draining $20 billion from the system today. That drain is probably part of the reason why the market is as weak...
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Interesting Times Next Week – Professional Edition Fed Report
The Treasury calendar will be enormous next week, including the usual 4, 13, and 26 week bills plus 3 and 10 year notes and a 10 year TIPS issue. We won’t know the total amounts until the 4 week bills and the notes are announced on Monday. The Treasury also faces expirations of a...
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