Recent comments by Gubbmint Cheese

@MP - figured I'd share some of this stuff as both links are worthwhile. Good seeing you!

@MP - not a lot of IP going on either (on a 3m/3m basis) - a bit too early to celebrate the 'all clear' in my mind.

US industrial production down -0.1% on a 3m/3m basis. Charted... on Twitpic

Good night MP! Good night all..

Cheers

Gubb

Just winding down and thought I'd poke my head in to say hello in semi real time. Passed along a couple of bdw's for you this morning. And asking more dumb questions.. Smile

I watched the video.. Very cool. Hope he's able to enjoy great success with that. What a wonderful idea.

Must get to work -
MP I'll send a note in a bit!

Cheers

chugging along.. quietly muttering to myself as I see more and more froth in the marketplace. Appently AEP doesn't know what he's talking about.. Spain is all better!

Posted late last night - thought I'd repost today

GUBBMINT CHEESE'S KUDOS ALERT:

Kudos must go out to MP and Conjure whose "CONJURE'S FUN FACTS: INDUSTRIAL PRODUCTION EDITION" was quoted verbatim by David Rosenberg in the Wednesday edition of his widely read market report, "Breakfast with Dave". I forwarded the observations to Rosenberg on Tuesday afternoon and he requested permission to use MP and Conjure's observations absolutely unchanged from what MP posted to all of us here on HCN the previous night (Comment by mp from thread 'Tuesday: Homebuilder Confidence Survey'.

Rosenberg used Conjure's observations as a follow up to his own commentary regarding the decline in Industrial production from his "Breakfast with Dave" on the previous day. For those of you who subscribe to Rosie, MP and Conjure's quote can be found on page 10.

specifically Rosie referenced this observation by MP & Conjure:

A couple of facts seem to have been missed in all of the excitement leading up to the latest QE.

As you're doubtless aware, production fell 1.2% in August.

Since 1960, production has fallen by 1.2% or more on only 3 other occasions outside of a recession.

October 1964 -1.4% GM Strike
January 1978 -1.4% Coal Strike
September 2005 -2.0% Hurricane Katrina

The data is, of course, subject to revision, but has anyone seen any strikes or hurricanes?

MP and Conjure now getting quoted verbatim by none other than Dave Rosenberg - and we get access to it here on HCN the day before - you gotta like that!

Way to go MP and Conjure!

Gubb

GUBBMINT CHEESE'S KUDOS ALERT:

Kudos must go out to MP and Conjure whose "CONJURE'S FUN FACTS: INDUSTRIAL PRODUCTION EDITION" was quoted verbatim by David Rosenberg in the Wednesday edition of his widely read market report, "Breakfast with Dave". I forwarded the observations to Rosenberg on Tuesday afternoon and he requested permission to use MP and Conjure's observations absolutely unchanged from what MP posted to all of us here on HCN the previous night (Comment by mp from thread 'Tuesday: Homebuilder Confidence Survey'.

Rosenberg used Conjure's observations as a follow up to his own commentary regarding the decline in Industrial production from his "Breakfast with Dave" on the previous day. For those of you who subscribe to Rosie, MP and Conjure's quote can be found on page 10.

specifically Rosie referenced this observation by MP & Conjure:

A couple of facts seem to have been missed in all of the excitement leading up to the latest QE.

As you're doubtless aware, production fell 1.2% in August.

Since 1960, production has fallen by 1.2% or more on only 3 other occasions outside of a recession.

October 1964 -1.4% GM Strike
January 1978 -1.4% Coal Strike
September 2005 -2.0% Hurricane Katrina

The data is, of course, subject to revision, but has anyone seen any strikes or hurricanes?

MP and Conjure now getting quoted verbatim by none other than Dave Rosenberg - and we get access to it here on HCN the day before - you gotta like that!

Way to go MP and Conjure!

Gubb

Sebastian wrote:

So what if short rates are zero

Seb - not to pile on.. but this is akin to saying "so what if the patient is brain dead, he can still run..."

come on man..

Sebastian wrote:

The hypochondriac economy: Complaints, just no measurable symptoms.

that sounds familiar.. where have I heard that before?

Phil Gramm indicators 

More inssne 'hide the rabbit' shenanigans. I think perhaps Barofsky's recent quote could prove to be correct.

School bonds could trigger fiscal shock - FT.com

Progress will only come once all this crap is purged...

@MP thanks very much for sharing your latest graph today.

it's just one tiny basis point.. it all evens out in the wash.. some were up, and some were down.. so no harm no foul.. it will all work out, trust them.

incredible.

spending over 8% of GDP (per year) to produce (at best) 1.75% GDP growth - and you suggest that is sustainable Seb?

Wow.

Just.. Wow.

thus TED spread is all wonky as well..

No MP - it will be the fault of American bankers and their 'unorthodox activities' as per Barroso.. Tongue

@MP - did you see this? Interesting (the math is wrong.. but the thought is what caught my eye): Sums are wrong: Germany owes Greece, leftist says - chicagotribune.com

I wonder what the Golden Dawn's position is on this..

Spanish banks need a bunch more money.. gasp

Wow.

PS - what do you all of you poker players think of Ben's body language? He sure has a few tells doesn't he..

Darn.. no stock with symbol "MP" on NYSE..

is that condos, common shares or eurobonds MP? Tongue

fear not.. all bad news is priced in.. stocks are cheap..

Well that's it for me. Have a great weekend everyone.

@MP - Mail