Archive for August, 2009

Congressional Green Shoots

Monday, August 31st, 2009

mile-a-minute_weed

You might either recall or be sick and tired of hearing of “green shoots.”  That’s what Fed Chairman Ben Bernanke called the second-derivative improvement in some economic indicators.  The second derivative is the rate of change, and it turns positive when the rate of decline slows.

Fortunately, for Congress a green shoot has appeared.  Last fall, in a poll, 59% of voters would vote to replace the entire Congress.  Now just 57% of voters would.  Read the entire story by clicking here.

If you’re part of the 43% that wouldn’t vote to replace the lot of them, you might want to check out the picture below.  Admittedly, it’s of the Connecticutt congress, but is probably pretty representative.  You can find the original story here.

congr

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Weekly Recap & Outlook – 08.21.09

Friday, August 21st, 2009

Tower Private Advisors

Below

  •  Surprising drop in bullish sentiment amongst the dumb money
  • Mixed economics

Recent posts

(more…)

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Municipal bonds a little too attractive?

Thursday, August 20th, 2009

Here’s a page 16 story that might be working it’s way to the front.

It’s a wonder that municipal bonds are still largely tax free.  Some states tax residents for income generated on other states’ bonds, while others further attempt to funnel funds by only exempting home-state bonds from state tax if they’re from certain types of municipalities.  Still, the big tax savings comes from the bonds being exempt from taxes at the Federal level.

Bloomberg featured a story (below) on a CBO proposal to capture some tax revenues that might be had were the bonds taxable.  Here would be the results: (more…)

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Current investment outlook

Thursday, August 20th, 2009

This picture of the day from Wikimedia Commons seemed perfectly apropos.

buteo_swainsoni_28calibas29

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Portfolio position: fetal, part II

Thursday, August 20th, 2009

A number of folks have referenced the recent Merrill Lynch global survey of money managers.  Click here for the link to Barry Ritholz’s version of it.  Please note the first three dates referenced in the survey with the chart below.

mms

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