Lee’s Free Thinking

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2010 Predictions: Oil

The spectacular rebound in oil prices in 2009 could be attributed to two major factors: fears of currency debasement that lead to excess hoarding and speculation; and discipline of well-oiled Opec members to cut production. You already know from many p…

2010 Predictions: Interest Rates

Last year I was not making making predictions for 2009, mostly because my call for 2008 was ridiculously correct and I had nothing more to say.  But this year will be different and I’ll try to make some predictions. The most important point to…

Sour Housing Notes

The following is an excerpt from the Professional Edition Fed Report of December 23. It was also made available to Wall Street Examiner Economic Bulletins, a free email service, on December 24. You can subscribe via the form in the left sidebar. Follow the money. Find the profits!Liquidity is money. Regardless of where in the…

The Financial Ring

The big financial question that every econo-blogger must be aware of is: how come that the proportion in profits in the economy as the whole that the financial industry was taking was constantly increasing all the past few decades and yet this same fin…

Retail Bull

The Wall Street media was in a frenzy over the “better than expected” news on retailing from the Commerce Department on Friday. It’s all a matter of  perspective. Yes, the data was up strongly month to month, and yes, it was higher than last November when the economy seized up following the stock market panic,…

One More Word on Reverse REPOs

As almost all WSE authors posted their view on reverse REPO announcement, I think I have to post my take as well. Yes, in general I think it is a warning to some of the most leveraged carry-trade players. But my view is a small refinement in the same d…