|
||||||
|
|
....................................... Google has released another cool thing: Google Deskbar. Wagyu Tenderloin Roast, on sale now for only $76.71 per pound! Stephen Roach writes yet again about the dangers of a "US-Centric global economy" and the need for "global rebalancing" (yes! the Recurring Roachisms™):
"To the extent that surplus saving in the non-US portion of the world would then be increasingly diverted into financing improved
economic growth in home markets, there will be less left over from that saving pool to fund America's current account deficit.
In such a climate, the United States could well have to pay a higher premium in order to attract increasingly scarce global capital."
"... ever-widening disparities between massive current account deficits and surpluses are not a recipe for sustainable global growth. It's just a matter of when the music stops." Jim Grant writes about the Rydex Juno fund and ProFunds Rising Rates Opportunity fund in his article: How to Short T-Bonds.
"A survey conducted by Harris Interactive on behalf of ProFund Advisors LLC finds that, although most U.S. investors (57%)
believe interest rates will rise in the next two years, nearly two-thirds (65%) are unaware that rising rates generally have
a negative impact on the value of bond investments.
So much for the vaunted financial literacy of a new generation of American investors. So much for a decade of nonstop financial news coverage." The Chairman explains another short trade in today's Trading for Dummies lesson. He also talks about how eminently playable GOAM's move was yesterday, but admits that he took his eye off the ball and missed it. Remember to click on an ad to send a nickel's worth of commiseration the Chairman's way. A reminder that China remains an authoritarian state:
"... since Nov. 7, 2002, when plain-clothes police made a secret arrest, [webmaster] Liu has not been heard from. No charges have been filed;
her family and friends may not visit her, sources say; and, in a well-known silencing tactic, authorities warn that it will not
go well for her if foreign media are informed of her case."
I took this political compass survey and ended up in the "Libertarian Right" quadrant (Full Size Image), which sounds about right... economically conservative, socially liberal. Jeremy Siegel is still instructing investors to buy and hold... and hold and hold. In the meantime you might consider becoming a paying member of the magnanimous professor's website.
I like the Bid Ask spread.
A regular seat was sold on the New York Stock Exchange on Wednesday Nov. 5, 2003 for $1,300,000; down from the previous regular
seat sale of $1,350,000 on Oct. 21, 2003.
The market is now: Bid $1,250,000 Offer $1,800,000 Source: NYSE Press Release Here's the Bank of England's News Release for their rate hike yesterday. You can see how ridiculous the FOMC statements sound compared to the straight talk at the BOE (and RBA). Hmmm. Hooters Air is expanding. I wonder if the uniform is the same one they use in the restaurants? (They have a Newark to Nassau route.)
"Each flight features two 'Hooters Girls' in addition to the required number of fully trained flight attendants."
Caroline Baum comments on the Reserve Bank of Australia's transparency.
"Clear and explicit? You bet. Any question about the bank's objectives? None. Any attempt to manipulate markets by suggestions of
future policy actions? No way. The bank says biases are problematic because they lock policy makers into a course of action that
may turn out to be unhelpful."
(Interestingly, when reviewing my referrer logs I noticed quite a few visits to maoxian.com from the RBA. Maybe they're just looking for porn.) Donn Friedman wrote an article called From Free to Fee in 10 Easy Steps in which he repudiates the idea "If you make readers pay, they'll just go away." Vin Crosbie then thoroughly eviscerates the Friedman piece: "... the [Albuquerque] Journal should be earning around $1.4 million annually as a free-access site, 14-times what it now earns as a paid access site."
"Any business model that converts one percent of the site's users and forsakes the other 99 percent, isn't something that should be
recommended industrywide ... 'If you charge for it, they will pay.' No, if you do stop giving it away for free, unfortunately
less than one percent will pay for it."
-- via PaidContent -- Neal McCluskey reminds us that "People simply don't care how much something costs if they're not paying."
"... more than half of public universities' revenues -- $79 billion -- were extracted directly from federal, state, and
local taxpayers, while only 18.5 percent came from student fees and tuition. The bill for private schools was smaller,
but still mammoth: 16.4 percent of private colleges' revenues -- $12 billion -- came directly from taxpayers,
with tuition and fees providing 43 percent."
Previous Entry >>> Random Thoughts -- November 6 |
|
© 2000 - 2003
Chairman MaoXian |
|
||
|
|
||||||
