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Morning Randoms


Are you paraskevidkatriaphobic?


  • There's been a lot happening on the real estate side of our office, hence the sparse postings. Appreciate the understanding.

  • Fascinating buzzes yesterday on the dollar / deflation / commodities issue. FWIW, I take Bernanke to his word as far as dropping dollars from helicopters. It will not resolve the underlying problems, but will ultimately tank the dollar and rip the precious ones higher. Oil - not sure when - but as the dollar heads south, the day oil gets repriced in another currency will be getting ever closer. Other commodities? My gut is that they ultimately sink with the world economies.

  • Now that I have the world's financial future all figured out, can someone tell me when it will unfold?

  • I am pretty fried, so I decided to take yesterday afternoon off and go beat on a little white ball with some friends. Got home to find a green P/L. The obvious moral is that I need to play more golf. The second derivative of the obvious moral: I need to stay further away from the screens.

  • FOX radio reported last night that some home sellers in California are now requiring interviews with prospective buyers; from those interviews they then cull the buyers from which they will accept offers.

  • The General Motors (GM) debt problems are a not-so-micro-cosm of the rest of the economy. Live by the debt, die by the debt.

  • China will need to create approximately 150,000,000 industrial / urban jobs by 2010 to satisfy the expected exodus from rural areas. These workers are expected to receive salaries of about $1,000 per year.

  • Yesterday's action in the cyclicals and energy looked very much like "liquidation". What is scary for Hoofy is that he really can't point to much of any "rotation", other than in some vague relative terms (N's over S's).

  • A contact at a pretty large laminates business suggests that demand is pretty good, but margins are non-existent.

No positions in stocks mentioned.
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