tag:blogger.com,1999:blog-6616959642391988608.post5688540863862273121..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Monster Indices confirm improving labor market conditionsScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6616959642391988608.post-6976199352388597462010-06-04T11:53:31.127-07:002010-06-04T11:53:31.127-07:00John,
We have no idea where the risks are in the ...John,<br /><br />We have no idea where the risks are in the global financial system. They are buried in central bank portfolios and back stops. <br /><br />During the great moderation it was far easier to cope with Latin Am. The state of the global economy cold not be more different compared to the balance sheets and leverage of today. <br /><br />I know I keep saying it but China is not going toPublic Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-15678529490426485662010-06-04T09:42:45.164-07:002010-06-04T09:42:45.164-07:00Public,
I do not mean to belittle the problem. Th...Public,<br /><br />I do not mean to belittle the problem. The debt in Europe is problamatical for most european banks and a few of ours as well. But it is pretty plain vanilla debt, much with long maturities. With reasonable restructuring and political responsibility from governments the problems are manageable, IMO. This is nothing new. Much of Latin America has gone through similar problems Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-43062851389704443382010-06-04T09:25:28.909-07:002010-06-04T09:25:28.909-07:00If the sub-prime crisis taught us anything, its no...If the sub-prime crisis taught us anything, its not about the nominal value of the underlying positions or GDP that is at issue.<br /><br />If that was the case, the $200B of sub-prime could have been mopped up easily...Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-90834695018198978572010-06-04T08:54:33.241-07:002010-06-04T08:54:33.241-07:00Public,
While I do think Europe has largely been ...Public,<br /><br />While I do think Europe has largely been run by economic adolescents enamoured with socialist and borderline communist ideas, there are a few good places to invest there. Germany is the dominant economy and is quite efficient. Their industrial technology is as good as anyone's. <br /><br />I also think the political worm is turning there. Britain's election of a center/Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-68441463510827499402010-06-04T08:36:21.786-07:002010-06-04T08:36:21.786-07:00There has been a change in government in Hungary. ...There has been a change in government in Hungary. A center/right government is taking over from a leftist one, who are primarily responsible for the deficits and poor bookkeeping (sounds familiar, doesn't it?). The incoming government official, while scoring some political points on his leftist predecessors, unfortunately uttered the word 'default'...doesn't go over well with one&Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-47946780250154261352010-06-04T08:17:11.024-07:002010-06-04T08:17:11.024-07:00Btw I visited there in 2005 and recommended we sel...Btw I visited there in 2005 and recommended we sell the currency when it was evident the place was a joke of an investment.<br /><br />It had reached the 10th most expensive city in the world yet nary a local was out eating or shopping. Additionally, I never could figure out which cash point would accept my European bank card.<br /><br />Everyone spends there days in the natural salt pools. WhilePublic Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-73222332622088967202010-06-04T07:57:08.686-07:002010-06-04T07:57:08.686-07:00Ex census number was about 21K.
Hungarian Forint ...Ex census number was about 21K.<br /><br />Hungarian Forint getting hammered. Trading on the largest commercial bank halted. Euro CDS widening. Plenty more shoes to drop over there. The party is just getting started.Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-38910824054267854522010-06-04T07:35:11.551-07:002010-06-04T07:35:11.551-07:00Well, the market did not like the jobs number this...Well, the market did not like the jobs number this AM. It appears private sector hiring is slow to develop. Perhaps Keynesian stimulus policies are not what they were cracked up to be. <br /><br />Marc Chandler, Brown Bros. Harriman's very fine currency strategist is pointing out that despite the poor payrole increase, the workweek increased, and hourly earnings rose. He estimates it is the Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.com