Brent Nyitray
Fairlington Blade
Let the mutherfuker burn!
jnc4p
Kevin S. Willis
Michigoose
lmsinca
markinaustin
Arcanaut
novahockey
quarterback
ScottC
yellojktVital Statistics:
| Last | Change | Percent | |
| S&P Futures | 1288.4 | -3.3 | -0.26% |
| Eurostoxx Index | 2364.3 | 18.430 | 0.79% |
| Oil (WTI) | 99.48 | 0.380 | 0.38% |
| LIBOR | 0.567 | -0.005 | -0.79% |
| US Dollar Index (DXY) | 81.026 | 0.192 | 0.24% |
| 10 Year Govt Bond Yield | 1.90% | -0.02% |
Happy Friday the 13th.
It is a slow news day ahead of a 3-day weekend. S&P futures are down slighly, while Europe is up slightly. Sovereign yields are lower.
Import prices came in as expected, while the trade deficit increased. J.P. Morgan’s earnings were down 23%, but still in line with expectations. Tier 1 common equity and Tier 1 common ratio are well in excess of Basel III requirements. Jamie Dimon is speaking to the press right now, and is noting that regulatory uncertainty is hurting the mortgage market. He also takes a shot at the Durbin Amendment, calling it a “Gross Miscarriage of Justice.” Don’t put too fine a point on it, Jamie.
Earnings season gets into full swing next week, with most of the financials reporting, along with big names like Ebay, Johnny John, IBM, Intel, Softee, Google, and GE.
Edit: University of Michigan Consumer confidence came in at 74 up 6% MOM and more or less flat YOY.
Filed under: Uncategorized |
All Things in Moderation 
I have been locked out for days. Let's see if this works
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"Trade Deficit Widens; Import Prices Edge Lower"As was to be expected the problem of the rising dollar.
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Glad you're back john, as you can see blogger made some really "awesome" changes. We've been forced to adapt in order to keep everyone around. "Trade Deficit Widens"……..we all saw that coming.
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"Federal Reserve officials are seriously considering giving the US economy—and especially the housing market—an added jolt with more quantitative easing. Fed officials are likely to discuss such a move at their Jan. 24-25 meeting, when the central bank will issue its first quarterly forecast on interest rates under the new communication policy." Bet on it!
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Aren't we going to pay a price for this eventually?
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The unemployment extension deal increased the fees that Fan and Fred get, which will add about 10 basis points to mortgage rates starting 4/1. The Fed is going to buy up mortgage backed securities in order to keep mortgage rates constant.
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Johnny John = J&J?Softee is Mister Softee to you, bub! :-)Saw that Spain and Italy had good demand at their debt auctions. I hope that's not all from the ECB.
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The longer term Italian bonds were not well subscribed, under 2.
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One of the things that's so interesting on the low mortgage interest rates is that if you're close to the edge, as far as equity goes, you can't get those lower rates. It jumps up to 5+%. So the people who are paying on time, on a now over priced mortgage, and already have a 5%-6% interest rate can't really benefit from the rates. It seems that all the benefits go to people who are already doing okay or are doing exceedingly poor in regards to being upside down or behind in payments.
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I just tested IE with the new comments system. Still no joy. That seems like a bizarre limitation to me.
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At your leisure . . . https://conservaliberals.wordpress.com/Test that out, see if you can comment. I'll send admin invitations to qb and scott and a few others and see what they think. This is just for informational testing purposes, to see if switch platforms to WordPress is a good or bad idea.
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I've invited Scott, Lmsinca, Mark and QB to be editors at my experimental WordPress version of All Things in Moderation. The invitations will be coming from Memetrics. Let me know what you think of that place as an alternative.
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I use IE and got locked out before. Don't know if that was teh casue.
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I'll check it out Kevin. Funny, that was my original platform I was looking at when we first began.
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All right, then. John, if you could also check out conservaliberals.wordpress.comAnd see how it works for you. I'm importing ATiM over now, so all our posts and comments (up until I started the import) will be available. Past experience has indicated that, despite Blogger being part of google, WordPress drives a little more serendipitous traffic towards a given blog. Anyway, let everybody (especially our IE users) take a look, and we'll take a vote. Everybody for moving ATiM to WordPress say 'Aye!'And then we will re-direction all-things-in-moderation.com to point over there, leaving conservaliberals,blogger.com in place as a secondary archive, and link-forward to the new WordPress blog. But I want to make sure IE works well with it in the comments.
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Heh. In the imported site, all the old posts are posted by me (I wonder if the comments will be like that, too?). Heh. Now I sound really, really smart and experienced, if a little conflicted about my political views. 😉
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john:5yr notes hit an all time low yield today at .77% I don't understand the relentless appetite for US treasuries. I also don't understand the reaction to the news about downgrades in Europe. First, why is the market reacting as if this is a surprise? And second, why does anyone care what s&p says anymore?wordpress looks fine to me, Kevin. I'm an aye.
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To increase traffic, we should have facebook / twitter buttons at the bottom of our posts.
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I'm thinking everybody will end up being on board with WordPress. It's definitely more robust, overall, though some of the granular editing that's possible (though difficult) with Blogger, which is free here, costs $30 a year over there. A small price to pay, perhaps. I'm going to issue invited to everybody to come over as editors, so everyone can take a look at the backend and see what they think. Polls! Facebook sharing. A like button. There's some good stuff with WP.
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scott:I was thinking the oppsosite. Ithought the reaction was pretty damn good. LOLI think it's mostly profit taking. I did it myself yesterday in the big banks and big oil. Why leave a good runup on the table? As for yields, the Fed owns that market lock stock and barrel. Everybody else is just eaten crumbs fallen on the floor.
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