China

Capitalism Lesson #1: Don't Kill Anyone, Just Sue.

  From the Wall Street Journal: BEIJING — More than a thousand steel workers in China’s northeast staged an at-times violent protest against the planned takeover of their state-run employer and a group of them killed a top executive at the private company that was to acquire it, Chinese state-run media reported. How nice. So,…

Mauldin Takes on China's Growth Story

In John Mauldin‘s excellent Thoughts from the Frontline newsletter, the subject of The Statistical Recovery is covered, with an interesting aside about China’s growth prospects.  Below is his commentary on the chart above: A few side observations on the above graph. China is roughly as big as the other three of the BRICs (Brazil, Russia,…

China Goes Berserk for IPO's…Sound Familiar?

Ahhh, the year 1999…Y2k was on everyone’s mind, all the boys had their hair pushed forward and up, and our eardrums were pounded mercilessly by that Rob Thomas/ Carlos Santana abomination that attacked from every radio speaker coast-to-coast. More memorable to me than any of that was the dot com frenzy that turned the entire…

Breakfast Links: CIT, Jimmy Carter & The Grapes of Wrath

Stuff I’m Reading this Morning… The exact date that the Chinese stock market will collapse.  (MoneyScience) Stick a fork in CIT Group, 1908-2009.  (Bloomberg) They caught the runaway Credit Sueeeeesse broker, and no, he wasn’t at Le Cirque.  (NYT) Virginia is for Usury.  (LOLFed) JPMorgan smokes their numbers, 28 cents vs 4 cents expected…get ’em…

More Hot Links: Algo Trading, Rentals and the SheBair

More Hot Links for Weekend Reading… JPMorgan‘s head of algorithmic trading calls high frequency program trading a form of parasitic market making…omg.  (ZeroHedge) Everything you ever wanted to know about Sheila Bair but forgot you cared enough to ask.  (The New Yorker) David Merkel on his current asset allocation strategy and some thoughts on where…

Hot Links: Ritholtz v Carney, Kneale v ZeroHedge, Chinese v Amish

Hot Links for Weekend Reading… There were two big rivalries this week, so we’ll cover those first… First, Barry Ritholtz threw down the gauntlet over John Carney‘s (Clusterstock) contention that the Community Reinvestment Act (CRA) was a major contributor to the housing and credit meltdown.  Barry offered to debate for a cash prize of up…

Market Recap: Dollar Up…You Know the Rest

The Reformed Broker, AKA Sookie Stackhouse, here with today’s Market Recap… The stronger dollar/ weaker stocks and commodities trade was On Like Donkey Kong once again today.  Estimates for global gdp growth were revised lower overnight, and as you can see below, the materials and metals bore the brunt of the beating as the Dow…

The Reformed Broker Saves California

So the state of California has until the end of July to stave off bankruptcy.  They have a projected budget deficit of $24 billion! Governor Arnold Schwarzenegger, who ran for office with the intention of fixing the state’s fiscal woes, has presided over a 40% expansion of government spending.  Oopsies! At this juncture, Cali needs…

Market Recap: China Plays Peter Out

[vodpod id=Groupvideo.2654635&w=425&h=350&fv=]  The Reformed Broker, AKA Sweet Georgia Brown, here with today’s Market Recap…  Well we certainly couldn’t go up every day, guys! The pain was everywhere with the Dow off around 100, but it was felt the most in the inflation/ weak dollar/ China export sectors.  Here’s the chalk outline at the 3:30 look: Worst…

Market Recap: GM's a Zero

[youtube=http://www.youtube.com/watch?v=2a8skzlhxDY] The Reformed Broker, AKA The Sugar Bear, here with today’s Market Recap… OK, finally, General Motors (GM) makes it official.  They’re a Zero.  Let’s move on. And would you believe that the auto-related stocks rallied?  That’s either a short-squeeze or the finality and closure that this industry needed… Check ’em out at the 3:15 look,…