MacroTwits Transcript: Sunday June 28, 2009

GregorMacdonald: Jun. 28 at 10:03 PM
My final thought tonight: study shows hummingbirds can pull out of a wicked tailspin. Watch CA RE closely to see if it can do same. $$
Twigins: Jun. 28 at 10:02 PM
thanks for your time Gregor $$
Stargazer71: Jun. 28 at 10:02 PM
Possible buys for tomorrow: $BIOS, $HTG
BIOS LSE:HTG
stevenplace: Jun. 28 at 10:02 PM
$$ Iran, Honduras, N. Korea in spotlight; and Y! Finance headline about transformers.
alienone: Jun. 28 at 10:02 PM
@GregorMacdonald – Excellent session – Thank You $$
powitz: Jun. 28 at 10:02 PM
@GregorMacdonald thanks much. enjoyed it as usual! $$
Horace_Kent: Jun. 28 at 10:01 PM
@GregorMacdonald thanks dude – good times. lets keep it going twits! $$
GregorMacdonald: Jun. 28 at 10:01 PM
Wow I can’t believe the hour is over. Lots of great stuff tonight on JPY, and I do agree that Natural Gas is worth thinking about here. $$
neodocjdg: Jun. 28 at 10:00 PM
@stevenplace While I like $LQD at these levels, it’s not at multi-year highs. It’s not even at a 52 week high. http://bit.ly/P60av
LQD
MDabbles: Jun. 28 at 10:00 PM
RT @physioo: $ARST Chart keeping up with trendlines. New highs expected this week.
ARST
jrroche: Jun. 28 at 10:00 PM
i also blame $GS for probably artificially inflating the heat
GS
ToddSullivan: Jun. 28 at 10:00 PM
RT @abnormalreturns: The Sunday linkest is up. What should we make of the surge in domestic savings? http://bit.ly/10i0rz $$
QuantTrader: Jun. 28 at 10:00 PM
$$ short trading week – Will be interesting employment data release with players on vacay $$
milktrader: Jun. 28 at 10:00 PM
I call a tie. We’ll need an overtime session to sort it out $$
GregorMacdonald: Jun. 28 at 9:59 PM
I should call the Agriculture school here at UMass, and see if they’ve had an uptick in interest. @IRON100 $$
alienone: Jun. 28 at 9:59 PM
Favorable regime change in Iran & collapse of crazy Kim Ill magic kingdom would be well received globally $$
physioo: Jun. 28 at 9:59 PM
$ARST Chart keeping up with trendlines. New highs expected this week.
ARST
_MarkTan_: Jun. 28 at 9:58 PM
$SPPI…. waiting on FDA decision
SPPI
mikestiller: Jun. 28 at 9:58 PM
@GregorMacdonald with the idea of modern economics and interelationships out the door, as we have discussed before. $$
stevenplace: Jun. 28 at 9:58 PM
@borismsilver new Q: if grants, loans not backed by fed gov’t, would college be affordable? I’m more about loans not qual of harvard $$
neodocjdg: Jun. 28 at 9:58 PM
@johnwelshphd @STOCK_TWEETZ $NVAX has it’s own proprietary vaccine strategy which will succeed or fail on its own merits http://bit.ly/b9o0p
NVAX
stockaddict: Jun. 28 at 9:58 PM
$UNG playing it on technicals until commodity proves otherwise. Check my chartly post 2-days ago 4 swing targets. We just bot support $$
UNG
alienone: Jun. 28 at 9:58 PM
Like previous great empires – we are mired in small global conflicts $$
GregorMacdonald: Jun. 28 at 9:58 PM
@alienone My positive Black Swan event remains collapse of PRNK and reunif of K. Penin. Throw in collapse of Iran Mullahs to boot. :-) $$
mikestiller: Jun. 28 at 9:57 PM
@milktrader aged pop, yes I see it. But I also see foreign inflows into Japan. Boosting Yen. To surprise some, a reflation is pos for fx. $$
mbusigin: Jun. 28 at 9:57 PM
@GregorMacdonald Unfortunately, many more easily envision post-war Germany … $$
IRON100: Jun. 28 at 9:56 PM
@GregorMacdonald My biggest question with regard to that parallel is that one nation remained strong after WWII (USA). $$
borismsilver: Jun. 28 at 9:56 PM
@stevenplace you are limited by geo with homes. ppl from entire world come to US schools. can always build new home not harvard etc $$
GregorMacdonald: Jun. 28 at 9:56 PM
Wow. You are edging towards a new profile for the JPY yes? Stronger Japan and stronger JPY? @mikestiller $$
pdenlinger: Jun. 28 at 9:56 PM
@GregorMacdonald Diffs btw Britain in 50s, US now: Britain did not have deomgraphic changes US is undergoing now, and it had strong $$
duxx91: Jun. 28 at 9:55 PM
@eminiplayer living with ambiguity is key. Thanks for the post. $$
stevenplace: Jun. 28 at 9:55 PM
$LQD at multiyear highs.
LQD
Twigins: Jun. 28 at 9:55 PM
@GregorMacdonald can only hope for British example, let’s hope we don’t feel it .. ?? would it change for better if we felt more ?? $$
downtowntrader: Jun. 28 at 9:55 PM
blog post – stock chart analysis $LNC http://bit.ly/VBiic
LNC
Horace_Kent: Jun. 28 at 9:55 PM
@GregorMacdonald bingo – brits still haven’t adjusted. $$
Ben270: Jun. 28 at 9:55 PM
If Nat Gas is dead I wounder why $ATN is drilling gas wells all around my house putting in 7 wells within a few miles of me
ATN
milktrader: Jun. 28 at 9:55 PM
@mikestiller Do you not see the serious demographic issues in Japan as influencing the currency? $$
stevenplace: Jun. 28 at 9:54 PM
@borismsilver yep, and people payed big money for luxury homes $$
alienone: Jun. 28 at 9:54 PM
To quote Taleb – we need a positive Black Swan event – emerging technology – new cheap energy – cheap clean water $$
GregorMacdonald: Jun. 28 at 9:54 PM
I’m interested in post-war example of Britain, wrt to a model for US decline. Decline can be slow, w/o a sense of loss for many @Psando $$
peteramckay: Jun. 28 at 9:54 PM
RT @WSJMarkets Nikkei Edges up; Daiwa Slumps http://tinyurl.com/mo6emu #MKT #WSJ $$
mikestiller: Jun. 28 at 9:54 PM
@milktrader sorry, strong Japan (reflated) means strong Yen. $$
PortfolioTilt: Jun. 28 at 9:54 PM
$SPX Put up a nice chart displaying the action over the last two weeks on the 60 min time frame http://tinyurl.com/ksvs92
SPX
PndUSpeso: Jun. 28 at 9:54 PM
$$ 21:53ET FACTBOX-Reaction to coup in Honduras [ RTR http://tr.im/rtrn ]
borismsilver: Jun. 28 at 9:53 PM
@stevenplace except there’s no way to stop the college bubble at the top. people will pay big money for top schools. $$
IRON100: Jun. 28 at 9:53 PM
$$ There is a growing disconnect between the equation college diploma = useful economic skill set.
PndUSpeso: Jun. 28 at 9:53 PM
$$ 21:50ET HK’S HANG SENG INDEX <.HSI> SET TO OPEN DOWN 0.21 PERCENT [RTR]
hedgeyeblind: Jun. 28 at 9:52 PM
$SPX ever consider those 3:45pm propulsion spikes are valid-that big money is placing bets at these levels before the crowd has a chance to?
SPX
Celtsfan348: Jun. 28 at 9:52 PM
$CODI Insider buys, big yield, 294 mil mkt cap. Anyone follow this?
CODI
mikestiller: Jun. 28 at 9:52 PM
@milktrader rates in devel world at or close to 0, the carry Yen carry trade is nil.I am in camp that strong yen will mean strong Japan $$
fleckman: Jun. 28 at 9:51 PM
RT @GregorMacdonald: Only the great empires earn the right to decline as the United States is about to decline. @pdenlinger @IRON100 $$
Horace_Kent: Jun. 28 at 9:51 PM
@stevenplace IDK – housing has utility… $$
alienone: Jun. 28 at 9:51 PM
1950 the OECD countries had seven people aged 20-64 for every one of 65 and over. Now four to one—on course to be two to one by 2050. $$
IRON100: Jun. 28 at 9:51 PM
@milktrader Were it not for immigration (legal or otherwise), USA has a similar age issue. $$
sparkycollier: Jun. 28 at 9:51 PM
where’s the gold? http://awe.sm/NXg interesting article suggesting gold being traded (paper) doesn’t really exist (physical) $GLD
GLD
mbusigin: Jun. 28 at 9:51 PM
@GregorMacdonald and I have both speculated that yen strength could be used to buoy USD. In JPN’s interests to delay CN geopol influence $$
pdenlinger: Jun. 28 at 9:50 PM
@GregorMacdonald Picture emerging: Food prices up, fuel up, education up, wages down, RE down. Kunstler might have the happy scenario $$
Psando: Jun. 28 at 9:50 PM
$$ it seems to me nobody believes in the success of the us continuing. That no matter what we fail. I guess it’s easier to give up.
stevenplace: Jun. 28 at 9:50 PM
$$ College as an asset class draws many parallels to housing.
Horace_Kent: Jun. 28 at 9:50 PM
@PndUSpeso who cares! Michael Jackson Died! Please, show some respect $$
GregorMacdonald: Jun. 28 at 9:50 PM
@Ben270 I will be surprised if NG can make significant headway w/o USD dropping more–to boost manufac demand here. $$
mikestiller: Jun. 28 at 9:49 PM
@GregorMacdonald Yes. I knew you would agree. $$
milktrader: Jun. 28 at 9:49 PM
@mikestiller too many old people in Japan for the Yen to gain prominence $$
PndUSpeso: Jun. 28 at 9:49 PM
$$ REPORTS: HOSSEIN MOUSAVI ARRESTED IN IRAN
Twigins: Jun. 28 at 9:49 PM
what’s the 40′s gen doing? saving for kid’s college or saving to recover retirement, or trying to stay in home? $$
Ben270: Jun. 28 at 9:48 PM
@JeffAtl I am not disagreeing with you but to me it looks like $UNG could have a lot of up side to it. http://stockcharts.com/h-sc/ui
UNG
mikestiller: Jun. 28 at 9:48 PM
I’d like to gauge peoples thoughts on an forgotten currency, Yen. And its ability to gain prominence on the world stage. $$
Horace_Kent: Jun. 28 at 9:48 PM
damn! all this optimism is making real bearish……………. $$
powitz: Jun. 28 at 9:48 PM
@GregorMacdonald Then inflation of health insur. is employee problem, not states problem? $$
jtsmith24: Jun. 28 at 9:48 PM
@powitz yes i should have made more clear that lack of pers income growth thru unemployment etc. will temp hold off inflation, $$
stevenplace: Jun. 28 at 9:47 PM
@closettrader russel index rebalancing, or something like that. just noise. $$
powitz: Jun. 28 at 9:47 PM
@GregorMacdonald – obv. big cost of sts. is health insur. for st. empl. – why not cut insur, give every employee 16k raise, wipe hands? $$
alienone: Jun. 28 at 9:47 PM
Every great empire comes to an end eventually – or simply fades off into history $$
closettrader: Jun. 28 at 9:46 PM
Wondering why $SMP, $BLDR, $ABD, $DIVX, and many more had massive volume spike EOD Friday, and more importantly how to play it (if at all)
ABD BLDR DIVX SMP
GregorMacdonald: Jun. 28 at 9:46 PM
Only the great empires earn the right to decline as the United States is about to decline. @pdenlinger @IRON100 $$
PndUSpeso: Jun. 28 at 9:46 PM
$DX_F 21:26ET FOREX-Dollar steady, market eyes reserve currency debate [ RTR http://tr.im/rtrn ]
DX_F
stevenplace: Jun. 28 at 9:45 PM
$$ Honduras had a military coup. I guess that could be a macro tidbit.
jtmcmullen: Jun. 28 at 9:45 PM
only cheaper alternative for energy is nuclear so pricing for coal+cap-n-trade or nat gas or “green” more expensive for consumers $$
IRON100: Jun. 28 at 9:45 PM
@GregorMacdonald Those fees and cost increases have already begun to affect land grant universities running deficits. Edu. costs going up $$
BullishBeauty: Jun. 28 at 9:45 PM
@milktrader I agree. At a minimum, at least a very plausible idea under this administration $$
PndUSpeso: Jun. 28 at 9:44 PM
$DX_F Dollar .84 looks like a reasonable retracement target…on daily
DX_F
alienone: Jun. 28 at 9:43 PM
Entire debacle is Catch 22 – push off to the consumer via taxation – then the consumer has less to spend – Consumer spending decreases $$
mikestiller: Jun. 28 at 9:43 PM
in the global balancing act, does US savings growth mean Asian savings being spent? $$
milktrader: Jun. 28 at 9:43 PM
tinfoil hat on/ Gov’t wants the consumer to buckle under excessive taxation so they can turn to Gov’t for solutions. /tinfoil hat off $$
Horace_Kent: Jun. 28 at 9:42 PM
@alienone that just mean more equity $$
GregorMacdonald: Jun. 28 at 9:42 PM
I see the first round of tax hikes coming from the States in the following form: big reduction of services and then death by a 1000 fees. $$
pdenlinger: Jun. 28 at 9:42 PM
@GregorMacdonald Have to thank CA: living there helped me to formulate my ideas. Too bad it can’t print its own money the way DC does $$
IRON100: Jun. 28 at 9:42 PM
@pdenlinger It could be simply the laziness of Americans waiting for “The Big One” to make CA slide into the ocean. (Just kidding). $$
TradeWithMojo: Jun. 28 at 9:41 PM
Bernanke Freaks Out About Obama’s Spending and Debt Plans: (video) http://bit.ly/i0yxQ $GC_F $936.20 $DX_F $80.395
DX_F GC_F
alienone: Jun. 28 at 9:41 PM
Consumer is going to buckle under excessive taxation $$
wallstCS: Jun. 28 at 9:41 PM
On Tap: AM Earnings $CMED. PM Earnings $APOL $HRB.
APOL CMED HRB
powitz: Jun. 28 at 9:41 PM
@jtsmith24 but won’t taxes, cap & trade, etc. affect personal income growth (income going toward taxes, etc.).. $$
Twigins: Jun. 28 at 9:41 PM
@jtmcmullen coal producers will bear reduction … will offshore coal mkt offset decreased offer from utility, pipelines install quickly $$
PndUSpeso: Jun. 28 at 9:40 PM
$$ USPESO – Dollar gains as Zhou in China says they wont alter reserves suddenly
milktrader: Jun. 28 at 9:40 PM
RT @jtmcmullen i think electricity users will be the sole bearer of the cap-n-trade bill $$
jtsmith24: Jun. 28 at 9:39 PM
@powitz No way, onlyoffset ofmonetary policy is the fact that personal income growth is keepin inflation in check, if jobs correct its on $$
alaidi: Jun. 28 at 9:39 PM
cantmake this any clearer. $CAD to hit 1.1630 from current 1.1540 (worked 3x last week), $JPY to test 94 &most yen crosses down
LSE:CAD
lanemen: Jun. 28 at 9:38 PM
HOT forex trades for tomorrow are on the USD, CHF FX pairs http://tinyurl.com/n267oo $$
Twigins: Jun. 28 at 9:38 PM
@milktrader integrate alternatives over 5-10 yr plan, use solar/wind one building at a time, being done at remote gas pumping stns now $$
jtmcmullen: Jun. 28 at 9:38 PM
no utility is going to bear the cost, producers won’t bear cost… everything pushed to consumer $$
GregorMacdonald: Jun. 28 at 9:38 PM
@pdenlinger You are thinking the encyclopedia of Self-Destructing Democracy on back of masses voting themselves money has new entry: CA. $$
jtmcmullen: Jun. 28 at 9:38 PM
i think electricity users will be the sole bearer of the cap-n-trade bill $$
Horace_Kent: Jun. 28 at 9:37 PM
unless we find a means to transport nat gas over the ocean $$
hedgeyeblind: Jun. 28 at 9:37 PM
Zerohedge is great read but does he even trade?-when would he have time to when he’s busy building the great China wall for us to climb $$
GregorMacdonald: Jun. 28 at 9:37 PM
RT @powitz: u think the Obama fiscal policies (non-stim stim; cap & trade, higher taxes)are deflationary -offsetting Fed mon policy $$
Horace_Kent: Jun. 28 at 9:36 PM
nukes + naty gas = 100 yrs cushion to find the magical “alt energy” $$
GregorMacdonald: Jun. 28 at 9:36 PM
My best answer is that I wrote extensively in Winter that version of Keynes StimPak that I advocated for did not happen. So, yes @powitz $$
milktrader: Jun. 28 at 9:36 PM
@GregorMacdonald Who’s paying for it? I suggest its shouldered by the consumers in coal states. Do they have a choice? $$
TrendTrading: Jun. 28 at 9:35 PM
$SPX coming up to a critical level, either breakout or h&s formation. $$ http://twurl.nl/aat5az
SPX
powitz: Jun. 28 at 9:35 PM
@GregorMacdonald u think the Obama fiscal policies (non-stim stim; cap & trade, higher taxes)are deflationary -offsetting Fed mon policy $$
mbusigin: Jun. 28 at 9:35 PM
@GregorMacdonald How do #1 and #2 differ? $$
GTNew: Jun. 28 at 9:35 PM
$USDJPY – stopped out 20 pip loss.
USDJPY
GregorMacdonald: Jun. 28 at 9:34 PM
Seems there are competing econ theories from gov on Alt Energy. 1 : “just pay for it.” 2. ” Use Cap and Lever to promote it” @Twigins $$
solupsist: Jun. 28 at 9:34 PM
RT @GTNew: $USDCAD – selling 1/3 at 155.54. What’re your thoughts about the 2 dojis on the 5min. Followed you in.
USDCAD
pdenlinger: Jun. 28 at 9:34 PM
Amazing how California managed to capture all of the worst aspects of democracy and brought it to bear. Tremendous accomplishment $$
abnormalreturns: Jun. 28 at 9:33 PM
The Sunday linkest is up. What should we make of the surge in domestic savings? http://bit.ly/10i0rz $$
milktrader: Jun. 28 at 9:33 PM
@Twigins what serious alternatives to coal do coal states have. I doubt wind and solar are gonna replace it anytime soon $$
pdenlinger: Jun. 28 at 9:32 PM
CA problems started with Prop 13 freezing property taxes, then rising immigrant population in 80s till now, then spendthrift state reps. $$
GregorMacdonald: Jun. 28 at 9:32 PM
@IRON100 I agree there is hornets nest of issues if DC tries to bail CA. But country is already blowing through many hornets nests, yes? $$
mbusigin: Jun. 28 at 9:32 PM
Has bank exposure to housing prices meaningfully changed since before this crisis? $$
Twigins: Jun. 28 at 9:31 PM
cap should promote alternative energy opportunities, small integration at first, they need a viable template, somebody will risk it $$
lanemen: Jun. 28 at 9:30 PM
Complete look at the Forex market for the week of June 29, 2009 – http://tinyurl.com/n267oo $$
mextrader70: Jun. 28 at 9:30 PM
whats the upside target for X, lets say july 2010 $x
X
ScottGow1: Jun. 28 at 9:29 PM
Breakout stats for $GOOG http://bit.ly/19nj6t
GOOG
GregorMacdonald: Jun. 28 at 9:29 PM
ASX200 futures are up +7. Oil is down 50 cents to 68.63. AUD weaker to .8025. SPX futures down 2 points to 912. $$
Horace_Kent: Jun. 28 at 9:29 PM
everytime i see a “hope” bumper sticker – i am reminded of livermore. that’s bad trading. $$
Jakewk: Jun. 28 at 9:28 PM
@GregorMacdonald Re: CA RE Final Leg Down (!!!) only to the extent the stock market has one. If true, they’ll go hand in hand. $$
PndUSpeso: Jun. 28 at 9:28 PM
http://chart.ly/abmy4z $DX_F – Personal Income – Cough Cough
DX_F
TradeWithMojo: Jun. 28 at 9:27 PM
Sweet call last Friday http://bit.ly/NFMIN Gold Chart: http://bit.ly/16LE7o $GC_F $DX_F $AUY $GLD still going to the wrong breakout area.
AUY DX_F GC_F GLD
PortfolioTilt: Jun. 28 at 9:27 PM
$$ nice to see futures down…wondering how the auctions will go tomorrow
mextrader70: Jun. 28 at 9:26 PM
test $$
uncliggett: Jun. 28 at 9:26 PM
$BAC, $MSFT, $VMW bullish side
BAC MSFT VMW
Horace_Kent: Jun. 28 at 9:25 PM
@GregorMacdonald totally – CA is a ward of congress now… but, hey good for them! that’s the job of congress – steal from other states $$
GregorMacdonald: Jun. 28 at 9:25 PM
Regardless I see next move in CA RE market, and outcome of Sacto Crisis as acutely central on timing basis to next moves markets. $$
PndUSpeso: Jun. 28 at 9:25 PM
http://chart.ly/46gntb $DX_F – US GOVERNMENT RECEIPTS – MOTHER HUBBARD
DX_F
borismsilver: Jun. 28 at 9:24 PM
@fleckman what they say and what they do are entirely different things $$
GregorMacdonald: Jun. 28 at 9:24 PM
People disagree but I see DC-Sacto endgame coming soon where spin is “If no CA bailout then StimPak is neturalized in CA.” @borismsilver $$
fleckman: Jun. 28 at 9:23 PM
@GregorMacdonald I totally concur. Fed has already sd no bailout. $$
niubi: Jun. 28 at 9:22 PM
Wary Banks Hobble Toxic-Asset Plan – WSJ.com http://bit.ly/zoLw6 PPIP RIP $$
mbusigin: Jun. 28 at 9:22 PM
@Horace_Kent I would think no. CA$ worth less as it is. Barely parity at peak of oil prices last year. $$
Horace_Kent: Jun. 28 at 9:21 PM
@mbusigin you let american oil co’s in mexico…….. and it the amero becomes very popular – but, even that is a stretch IMO $$
RWD2: Jun. 28 at 9:21 PM
RT @teamtrout: Damn. http://mypict.me/6hPK #wind turbines weed, ca $ung remember the low water?
UNG
DonFlamenco: Jun. 28 at 9:21 PM
http://is.gd/1hu9d Crash of 1929. It was made in 1990. Closely resembles the situation today $$
Twigins: Jun. 28 at 9:21 PM
@Horace_Kent lol, u think Cdn’s will jump at the chance to join in currency with the current generation of financial wiz’s in charge lol $$
GregorMacdonald: Jun. 28 at 9:21 PM
Yes if you watch forex chatter from people like @alaidi it’s clear global markets very interested in US-Calif-USD daisy chain. @powitz $$
borismsilver: Jun. 28 at 9:20 PM
@GregorMacdonald biggest question for CA is, will they trigger CDS payouts $$
mbusigin: Jun. 28 at 9:20 PM
@Horace_Kent Do you think Canadian oil production is big enough to facilitate that successfully? Thought about it myself, still unsure. $$
PndUSpeso: Jun. 28 at 9:20 PM
$$ Hearing HellBoy is running for CA Governor -emergency elections….
DogDayAftern00n: Jun. 28 at 9:20 PM
@stnickb1 $DNDN is hardly a pump and dump. Do some research, k?
DNDN
mika2k1: Jun. 28 at 9:20 PM
@GregorMacdonald Corporate tapeworm economics destroys all living equity & centralizes economic/political power. $$
GregorMacdonald: Jun. 28 at 9:19 PM
I see two big things dead ahead in CA: 1. Massive shed of State payrolls, overwhelming an FED stimpak. 2. Next RE leg down. @fleckman $$
powitz: Jun. 28 at 9:19 PM
North Korea is working on it – RT – @brianoflanagan Jun. 28 at 9:18 PM # reply we should reinstate the Lex Luthor plan for California $$
Horace_Kent: Jun. 28 at 9:19 PM
@mbusigin that’s fair $$
mika2k1: Jun. 28 at 9:19 PM
@GregorMacdonald The real essence of our problems lies in the legal structure the corporate tapeworm economy.. $$
Horace_Kent: Jun. 28 at 9:19 PM
the dollar’s only hope is the Amero. sorry canada. $$
mbusigin: Jun. 28 at 9:18 PM
(I do not disagree with the thesis that CA RE has another leg down, but your statement was hyperbole) $$
themarkettrend: Jun. 28 at 9:18 PM
@StockTwits I just want to say how great your site is…. what a fantastic idea. I love it.. well done $$
brianoflanagan: Jun. 28 at 9:18 PM
we should reinstate the Lex Luthor plan for California $$
alienone: Jun. 28 at 9:17 PM

@GregorMacdonald – Thoughts on Japan? – Japan on verge of sub-prime mortgage crisis as summer bonuses plunge

http://tinyurl.com/ljr7tv

$$
powitz: Jun. 28 at 9:17 PM
$$ so what would another nasty leg down in Calif. RE do to the dollar?
fleckman: Jun. 28 at 9:17 PM
@GregorMacdonald Completely share that view on Cali RE. Have sent u a link b4. Public does not know whats coming. $$
GregorMacdonald: Jun. 28 at 9:16 PM
I have been musing last 120 days about pattern of Mid-West RE crash and wondering if that could play in *parts* of CA @Horace_Kent $$
mbusigin: Jun. 28 at 9:15 PM
@Horace_Kent That is ridiculous. Industry in California isn’t going anywhere, and the climate is still great. $$
PndUSpeso: Jun. 28 at 9:15 PM
RT @mumic: $GS – after reading that Rolling Stone article on Goldman – Antitrust hearings should start immediately. – AGREE – hang Paulson..
GS
GregorMacdonald: Jun. 28 at 9:15 PM
Yeah. Default by another name might not smell as sweet but it seems to me like any other debtor, CA can *eventually* find way @alienone $$
aufaittrader: Jun. 28 at 9:15 PM
http://twitpic.com/8pxbm – Don’t let $GLD shake you out
GLD
alienone: Jun. 28 at 9:15 PM

Fitch downgrade announcement on California credit rating –

http://tinyurl.com/lu6ejs

$$
Horace_Kent: Jun. 28 at 9:14 PM
@GregorMacdonald you won’t be able to differentiate detroit and LA $$
alienone: Jun. 28 at 9:14 PM
@GregorMacdonald California`s credit rating was down graded to A- by Fitch $$
GregorMacdonald: Jun. 28 at 9:13 PM
Would also mention the revision to that BEA savings data have been signifcant as 2009 proceeded. @milktrader $$
GregorMacdonald: Jun. 28 at 9:12 PM
Anyone share my view that California has, at the very least, a final leg down coming in RE that will really be very nasty? @Horace_Kent $$
Twigins: Jun. 28 at 9:12 PM
$$ I think public will push green sooner & harder, cap will play harder than u imagine, look at Cali for green opinion!
milktrader: Jun. 28 at 9:11 PM
Re: page 7 of BEA report. Wish we had more data to determine if that huge jump represents more than 3 standard deviations $$
alienone: Jun. 28 at 9:11 PM
Commerce Department,tallied $768.8 billion in total U.S. savings, up from $608.5 billion in April, most since records began January 1959. $$
PndUSpeso: Jun. 28 at 9:11 PM
http://chart.ly/d4pm2g $ES_F – which way dow we go?
ES_F
Horace_Kent: Jun. 28 at 9:10 PM
savings and housing are a perfect -1 correlation. $$
GTNew: Jun. 28 at 9:10 PM
$USDCAD – selling 1/3 at 155.54. Stop to 155.33 on remainder.
USDCAD
GregorMacdonald: Jun. 28 at 9:10 PM
What I’m inclined to say is that regardless of composition of the “savings” (debt paydown? etc) it does show a behavioral trend. $$
TradeWithMojo: Jun. 28 at 9:10 PM
Hyperinflation Nation 1of3: http://bit.ly/2SNiJ open mind to both sides of the game: http://bit.ly/rMBtX $DX_F $GC_F $AAPL $GOOG $RIMM
brianoflanagan: Jun. 28 at 9:10 PM
re cap n trade, isn’t it much ado about nothing? Major prov’s don’t kick in for 10 years, by that time it could be weakened $$
Twigins: Jun. 28 at 9:09 PM
cap costs borne by 1/3 red coal prx, 1/3 incr elect user, 1/5 dec to rail hauler, 1/5 inc utility, 1/5 incr to utility supplier IMO $$
alienone: Jun. 28 at 9:09 PM
Indeed, government data on personal income and spending showed little sign of a thaw in the spending freeze – WSJ $$
TradeWithMojo: Jun. 28 at 9:08 PM
Hyperinflation Nation Part 1/3: http://bit.ly/2SNiJ Keeping open mind to both sides of the game: bit.ly/rMBtX $DX_F $GC_F $AAPL $GOOG $RIMM
bondscoop: Jun. 28 at 9:08 PM
Savings rate was raised by one mnth incr. in income. An anomaly which will be taken out next month. Not significant IMO. $$
alienone: Jun. 28 at 9:07 PM

$$ WSJ – on increase in savings data

http://tinyurl.com/mz6lh2
GregorMacdonald: Jun. 28 at 9:07 PM
To help people understand the BEA Savings rate: see page 7 which gives you the *annualized* projection, each month. http://bit.ly/BKmUZ $$
OnViagra: Jun. 28 at 9:06 PM
$AUDUSD Current Short Signal/Position http://twitpic.com/8pw8z
AUDUSD
alienone: Jun. 28 at 9:06 PM
increased savings – pull back from consumer spending $$
milktrader: Jun. 28 at 9:06 PM
Do we have current savings data that shows a trend? $$
Horace_Kent: Jun. 28 at 9:05 PM
the senate is NOT going to pass cap’n trade – not the way that house vote played out $$
biostock: Jun. 28 at 9:05 PM
$SPY Japan’s Industrial Production Rises Most in 56 Years http://tinyurl.com/losmov
SPY
alienone: Jun. 28 at 9:05 PM
@GregorMacDonald – would speculate increase in savings to be indicative toward a continued bearish trend – human necessity to survive $$
milktrader: Jun. 28 at 9:04 PM
Coal power utilities’ cost increase, energy cost for consumers increases … not like we’re gonna let utilities go bankrupt, I hope $$
GregorMacdonald: Jun. 28 at 9:03 PM
As for savings, one question I have is: how much actual savings accrues compared to the annualized rate. For example: debt paydown? $$
IRON100: Jun. 28 at 9:02 PM
$$ I would imagine Climate Bill impact would be felt differently by region and by utility. Laurens Electric (my co-op) gens. 90% coal power.
bbart76: Jun. 28 at 9:02 PM
Think I’m ready to through Word out the window!! What a piece of $hit program!!!
HIT
GregorMacdonald: Jun. 28 at 9:02 PM
One way to think about the Climate Bill is that it addresses itself almost totally to the powergrid. Not liquid fuel transport. $$
avcacio: Jun. 28 at 9:01 PM
RT @AnneMarie2006 – http://chart.ly/pypvt4 $SPY – notice superimposed MACD & how slope alone triggers some great trades <(nice chart)
SPY
Horace_Kent: Jun. 28 at 9:00 PM
Oh Christ…….lemme guess……….. $GS is the sheriff of nottingham and tyler durden is robin hood? that should make me popular…….
GS
GregorMacdonald: Jun. 28 at 9:00 PM
It’s 9pm in NY. Welcome to MacroTwits. | Some people have wanted to talk about the new Savings data. And also, the Climate Bill impact. $$

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

You might be interested in:
blog comments powered by Disqus

In partnership with CNN Money Part of the CNN Network