All Things in Moderation

Morning Report – Calm before the storm

20 Responses

1. 

   jnc4p, on July 31, 2014 at 10:29 am said:

   What’s your take on the Argentina situation?

   http://www.bloomberg.com/news/2014-07-30/argentina-defaults-according-to-s-p-as-debt-meetings-continue.html

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2. 

   Fairlington Blade, on July 31, 2014 at 10:34 am said:

   What’s your take on the Argentina situation?

   It all hangs on whether or not Argentina would have to pay other creditors in full. If so, they’ll have to default. The fraction of bonds held by speculators is manageable.

   Mind you, having defaulted once, they could have stopped borrowing. It amazes me that a century ago, Argentina had per capita incomes equal to Western Europe. What a wasted century.

   BB

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3. 

   Brent Nyitray, on July 31, 2014 at 10:55 am said:

   I worked for Paul Singer at Elliott for seven years…

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4. 

   Fairlington Blade, on July 31, 2014 at 11:31 am said:

   I should note that I’m not using speculator in a pejorative sense of the word. Hedge funds picked up Argentine debt at around 20 – 25 cents on the dollar and gambled that they could get a better settlement. It appears to be working so far.

   BB

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5. 

   lmsinca, on July 31, 2014 at 12:31 pm said:

   Jeebus, if this is the calm before the storm, I should have sold some shares yesterday while I had the chance……………yikes!

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6. 

   Brent Nyitray, on July 31, 2014 at 12:46 pm said:

   To be honest I am kind of perplexed by the reaction in the market and employment cost index. Aren’t increasing wages a GOOD thing?

   Think about what increasing wages and ZIRP means for the economy, at least in the short term. You get all the benefits of inflation without the bad side effects (higher interest rates).

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7. 

   novahockey, on July 31, 2014 at 1:02 pm said:

   un fucking believable.

   pick your battles you can win. fuck!

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   • 

     markinaustin, on July 31, 2014 at 1:32 pm said:

     un fucking believable.

     pick your battles you can win. fuck!

     NoVA, I was just kidding about your being cute and all that.

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8. 

   lmsinca, on July 31, 2014 at 1:28 pm said:

   I am too Brent!

   BTW, House Republicans killed their own immigration bills.

   NoVA, is that true what Boehner said…………..amazing if so.

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9. 

   Let the mutherfuker burn!, on July 31, 2014 at 1:36 pm said:

   novahockey, on July 31, 2014 at 1:02 pm said: Edit Comment
   un fucking believable.
   pick your battles you can win. fuck!

   I missed what this was in reference too, the border bill?

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10. 

    Fairlington Blade, on July 31, 2014 at 1:58 pm said:

    Pretty sure it was the border bill. NoVa had the comment of the day earlier on Plum Line. Hopefully, he won’t mind my repeating it here.

    Gentlemen, you asked for a miracle. I give you the G O P.

    BB

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11. 

    jnc4p, on July 31, 2014 at 2:02 pm said:

    Yep. House Republican Leadership are idiots.

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12. 

    novahockey, on July 31, 2014 at 2:15 pm said:

    sorry mark. the incompetence here is just aggravating.

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13. 

    jnc4p, on July 31, 2014 at 2:17 pm said:

    Cross posted from PL:

    “NoVAHockey
    3:01 PM EST
    okay — the house is in recess subject to the call of the chair. so not on vacation yet. and they’ve turned off the camera.

    apparently they’re trying to put together something that can pass.”

    jnc4p
    3:13 PM EST
    “they’ve turned off the camera. ”

    The Shit just got real.

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14. 

    Fairlington Blade, on July 31, 2014 at 2:50 pm said:

    Lost in the border kerfuffle is that the House and Senate have not agreed on a transportation bill.

    http://www.washingtonpost.com/local/trafficandcommuting/house-gop-turns-table-on-senate-transportation-bill/2014/07/31/df293460-18be-11e4-9e3b-7f2f110c6265_story.html

    Evidently the House isn’t the only one to screw up. The Senate left a $2B hole in their package.

    BB

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15. 

    novahockey, on July 31, 2014 at 2:53 pm said:

    I think the Senate will pass the house transportation bill.

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16. 

    Let the mutherfuker burn!, on July 31, 2014 at 3:33 pm said:

    This is all about how far Senate D’s are willing to let the Executive go.

    http://mobile.nytimes.com/2014/08/01/world/senate-intelligence-commitee-cia-interrogation-report.html?hp&action=click&pgtype=Homepage&version=LedeSum&module=first-column-region&region=top-news&WT.nav=top-news&_r=0&referrer=

    I honestly cannot think of where they will draw the line. Anybody have any suggestions?

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    • 

      markinaustin, on July 31, 2014 at 3:46 pm said:

      Anybody have any suggestions?

      Treasury stays Senate pay checks for the duration.

      That’s a no-brainer, George.

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17. 

    Let the mutherfuker burn!, on July 31, 2014 at 8:01 pm said:

    What’s surprising is that she thinks they need reminding.

    http://m.cnsnews.com/news/article/terence-p-jeffrey/pelosi-reporters-midterm-election-we-need-you-be-messengers

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18. 

    Let the mutherfuker burn!, on July 31, 2014 at 10:10 pm said:

    Gruber must have pissed off a lot of people.

    http://www.c-span.org/video/?c4505531/baucus-cbo-claims-lower-premiums-came-gruber

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