Hot Links: Fit to be Trampled

Hot Links for Weekend Reading… The good news in Dubai is that the Underwater Hotel is weeks away from completion.  (GraspingReality) Here’s that piece everyone’s talking about where Spitzer calls Geithner a disgrace.  (Slate) Trader Mark guests on Zero Hedge: “Letting homeowners be deadbeats is the new stimulus plan.”  (ZeroHedge) John Hempton‘s fascinating take on…

A Rational Objection to the Trader Tax from Eric Jackson

Traders around the country are erupting in furor over Jim Cramer’s unfortunate comments in support of the proposed Trader Tax.  Speaking on CNBC in his regular shoot-from-the-hip slot, Cramer basically said what amounted to “why not?” when asked about the Democrats’ backward idea to extract a percentage of every transaction on the markets. I read…

Dubai World & Bear Stearns: Coal Mine Canaries?

Click Image to Embiggen! The meme going around now is that the Dubai debt thing is only the start of a wave of sovereign defaults, including Latvia and Greece, coming soon. While this could be the case, I actually see a lot more similarities between what the Bear Stearns blow up ultimately meant to the…

Dubai Default: Let's Get Ready to Crumble

UPDATE HERE: DUBAI AS COMMERCIAL RE CANARY IN THE COAL MINE Dubai’s sovereign debt is the disaster du jour, Europe already took a 3% hit yesterday while we were ODing on tryptophan and cranberry relish.  We’re looking at a down 200+ open on the Dow as of this post (8am). I’m still getting acquainted with…

SEC Nails MN-Based Currency Trading Fraud

The SEC nailed a Minnesota-based currency fraud today, a bust that I believe will be the opening salvo in a much bigger battle to protect Americans from this burgeoning area of fraud. SEC Obtains Asset Freeze in Minnesota-Based Foreign Currency Trading Scheme FOR IMMEDIATE RELEASE 2009-253 Washington, D.C., Nov. 24, 2009 — The Securities and…

Hot Links: Jeff Saut, Felix Salmon & the Coffee Wars

Stuff I’m Reading this Morning… Goldman Sachs on how to trade the end of the year.  (PragCap) The coffee wars have begun.  (CrossingWallStreet) Does Felix Salmon own the internet?  Have you registered with him yet?  (MoneyIsTheWay) India is not finished with its IMF gold purchases.  (ZeroHedge) Jeff Saut on what “performance chasing” means to the…

New Glossary of Finance Terms Volume II

Back in March, I updated the definitions of several finance terms to better suit the times.  Due to popular demand, I’m bringing this feature back this afternoon and covering a handful of definitions for y’all. Here’s the New Glossary of Finance Terms Volume II… Stagflation: This occurs when the number of male deer grows too…

A Contrarian Conundrum…and Some Quotations

Who is the real contrarian these days? The Bears, who are dead right about how bad the economy is or the Bulls who are dead right for being long virtually every asset class, the riskier the better?  Perhaps the true contrarian is neutral right now, refusing to play either the economic weakness or the markets’…