Owner: Equities Bubble URL:http://www.discursivemonologue.com/ Join Date: Wed, 13 Jun 2007 16:24:38 -0500 Rating:0 Site Description: Exposing the credit bubble and decrying bad monetary policy. See economic news and investing ideas. Site statistics:Click here
What will it take to bring down the Yen carry trade? 2007-06-13 10:02:43 The Yen carry trade truly is a bizarre creature. The carry is really a play on the Ministry of Finance/Bank of Japan’s assiduous care in keeping the Yen/Dollar relationship fairly stable and rate spreads. Low rates in Japan allow speculators to borrow on an absurd scale in Japan in invest in higher yielding assets abroad [...]
What is “piggybacking” and what are its implications for borrowers and lenders? 2007-06-11 09:28:38 I’m not talking about giving that special lady a ride around the amusement park when she suddenly decides that wearing flip-flops wasn’t a good idea. I’m talking about the practice of enhancing one’s credit score by paying to be added as an authorized account on the credit card of a person with a high FICO [...] Read more:ldquo
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An investment idea that is under the radar - flipping web sites 2007-06-09 11:03:01 I’ve been toying with the idea of featuring a web site that I regularly visit once every week. The only problem that I see with this is that I could run out of web sites very quickly. This week, I want to take a look at an interesting web site that posits a non-traditional investing [...] Read more:investment
New (relatively) incoming links 2007-06-09 11:02:47 This is just a shout-out to two new sites that have linked to me. I have been visiting several blogs in which people talk about their personal finances. Most of the personal finance blogs are journals in which people list their financial status (i.e., they list their assets, liabilities, and expenses) or write about their [...] Read more:incoming
, links
How overvalued is the NASDAQ 100 and how can you take advantage of the downside? 2007-06-05 12:52:16 Several of the users at stokblogs.com have been getting nervous about our credit bubble and have taken defensive positions in what they consider to be a dangerous market climate. The most recognized overvaluation in U.S. equities is the NASDAQ 100 index, which features the largest companies in the NASDAQ. I decided to do some research [...]
Visualizing Economics - A look at income and demographics in this week’s featured web site 2007-06-16 21:00:50 I want to continue featuring one web site each week that I think my readers will find interesting. The featured web site this week is a blog called Visualizing Economics
. This blog has been sitting quietly in my blogroll for a while. The aptly named blog presents graphs of income data. The focus seems to [...] Read more:demographics
Record share buybacks distort per share earnings and P/E ratios; Use other valuation measures 2007-06-14 09:31:40 Just how over-valued is this market? At first glance, it does not look too bad. The P/E ratio of the S&P 500 is near 18. That doesn’t seem too high considering the 80-year average is 16 and the 2000 dot.com bubble peak was well above this level. I encourage people to look beyond this misleading [...] Read more:Record
Why do kids do whip-its when they could try Sulfur Hexafluoride? 2007-06-19 20:21:30 I’ve been working longer hours at work this week (and will continue to do so for the rest of the week), so I haven’t been paying attention to the markets, economic indicators, or reports. I have some ideas in the pipeline, but they will have to wait until things calm down. Until then, settle for [...]
How currency appreciation compounds the returns on foreign equities for U.S. investors 2007-06-18 17:23:49 On June 6, I mentioned that I like exchange traded funds (ETF) because they can offer exposure to foreign currencies and foreign economies. Today, I want to offer some visuals to show just how pronounced the effects of currency appreciation
can be on an ETF that is priced in U.S. dollars. All charts cover movement [...]
The change in the FICO scoring system draws opposition form piggyback middleman businesses, parents 2007-06-17 08:39:53 This is a follow-up to my column about the business of piggybacking, where people can improve credit scores by borrowing credit history as an authorized user on someone’s credit card. I mentioned that Fair Isaac is adopting a new FICO scoring
system, starting in September, that ignores authorized users. There are two parties that oppose [...] Read more:businesses
This week’s featured web site: Photos from northern Norway 2007-06-23 15:33:02 For Americans, traveling anywhere in the world has become expensive lately with the languishing dollar and global inflation. The greenback has declined nearly 7 percent against the Norwegian Krone year over year. While that might make a trip to beautiful Norway
a pipe dream for some Americans, it won’t stop resourceful Americans from viewing the [...]
My first true personal finance entry - my second entry into the world of credit 2007-06-22 19:58:49 My blog is my personal soapbox. Typically, I write about the numbers behind the numbers (i.e., the important numbers that the special-interest-sponsored financial media and government ignore or don’t report because it doesn’t tell the story that makes their sponsors rich). Occasionally, I throw a bone and give an investment idea. Rarely, I report something [...] Read more:finance
, credit
, personal finance
The Federal Reserve believes inflation has been contained. My bank account disagrees. 2007-06-21 21:19:23 I have written several columns about the economic impact of inflation and government’s misleading inflation statistics. While the FederalReserve
does not take into account the prices of food and energy when considering inflation, I will because those are two things people tend to buy in order to stay alive. The Federal Reserve considers food [...] Read more:contained
, bank account
Site maintenance 2007-06-26 09:15:04 Update: While I don’t actually know php, this was such a simple task that it took me about 15 minutes to write the code and implement it successfully. I have been successful and you can validate the success (if you actually care) at this post. Notice that, while for ordinary posts (like this one) a [...]
The derivatives bubble and investment banking orgy fueled by the global credit bubble 2007-06-24 11:21:23 I have been writing about bubbles enough to make the world sound like a geothermal hot-pool in Yellowstone National Park. I mostly talk about the global stock market bubble, asset price bubbles, and the credit
bubble. Today, I want to write about investmentbanking
and something that Warren Buffet once called “financial weapons of mass [...]
Featured Site: coinflation.com – reporting the melt value of common coins 2007-06-30 13:15:32 When most people think about inflation, they think about how inflation affects the prices consumers pay to live. When I think about inflation, I consider the broader definition of inflation as expansion of the money supply. After all, expansion of the money supply changes one of the two components of classic economics—it effectively raises demand [...] Read more:Featured
, coins
Video Friday: Meet the world’s fattest cat 2007-06-29 15:14:32 I’m winding down for the weekend and that means a simple video post (I intend to do this every Friday
). Throw out your funny cat pictures. You won’t know whether to laugh or be appalled by this video. The owners must have had this cat on walrus diet. The video features this 40 pound cat [...]
Fare Not-So-Well: Ending your employment with grace by calling out management 2007-06-27 08:13:38 The following is an actual email sent by a disgruntled employee whose term came to an abrupt end at one of the largest financial corporations in the United States (my employer). The “to:” line of the email included directors, human resources employees, managers, and even the CEO (who probably has a fine secretary filtering this [...] Read more:Ending
, employment
Expenses for June - Dominated by Insurance and Rent 2007-07-03 15:19:39 I have been debating giving specific details about my life (as a lot of bloggers do). I like a lot of privacy, but an expense report is easy content so today I am providing a breakdown of my expenses for June. Total expenses for June were $1585.10. June is one of two months in the [...] Read more:Expenses
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What are you saving for? - Two stories that show why America is headed for tough times. 2007-07-02 17:22:21 In my post, 10 Clichés to live by, I alluded to a conversation in which I was asked why I am saving. For me, the question is puzzling because it is tantamount to being asked, “Why do you breath?” I save because I have to. What the askers are seeking is the object of my [...] Read more:America
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