tag:blogger.com,1999:blog-2599255690491632926Fri, 30 Aug 2024 02:30:07 +0000China PBOC FX reserves bond rates dollar stocks goldDifferent PlaceSame Storycalifornia furloughs vs.layoffsflorida california medi-cal insurance tort systemkessler long bonds us treasury cpi inflation currency riskmassive foreclosuresrent vs. buyhttp://viewfromflorida.blogspot.com/noreply@blogger.com (View from Florida)Blogger6125tag:blogger.com,1999:blog-2599255690491632926.post-2119216766475092215Fri, 16 Oct 2009 18:22:00 +00002009-10-16T14:54:08.799-04:00China PBOC FX reserves bond rates dollar stocks gold(c) copyright View from Florida, 2009. All rights reserved.A nagging, persistent feeling of something "not quite right" hangs over recent market events. The dollar hits a new 52-week low while the market hits a new high? (OK, that one's felt so wrong for so long that people are now explaining it via carry trade, HFT & several other machinations that don't "feel" like the whole story.)The http://viewfromflorida.blogspot.com/2009/10/not-quite-right.htmlnoreply@blogger.com (View from Florida)0tag:blogger.com,1999:blog-2599255690491632926.post-7064156822665130043Mon, 12 Oct 2009 02:56:00 +00002009-10-11T23:15:10.938-04:00kessler long bonds us treasury cpi inflation currency riskOctober 11, 2009Smart and Thorough -But Wrong© copyright View from Florida, 2009. All rights reserved.Back on October 2, Zero Hedge put out a link to a 17-page piece by Bob Kessler (*) which I finally got around to reading at length this evening. He makes smart and thorough points about the economy and likely durability of the current rally. Many of them are “against the grain:” which is always http://viewfromflorida.blogspot.com/2009/10/smart-and-thorough-but-wrong.htmlnoreply@blogger.com (View from Florida)3tag:blogger.com,1999:blog-2599255690491632926.post-5134632361081362065Mon, 03 Aug 2009 20:08:00 +00002009-08-04T10:24:56.590-04:00california furloughs vs.layoffsWhile we're on the subject of well-named programs, let's chat for a brief minute about California's state employee "furloughs."Nobody in Sacramento has the guts to push for serious "layoffs" but apparently "furloughs" are OK.The astonishing thing with the current two-day-per-month furloughs (a 9% cut) is we hear zero --and I do mean zero-- complaints about unavailability of state services. (DMV http://viewfromflorida.blogspot.com/2009/08/dinosaur-egg-pluots-part-ii.htmlnoreply@blogger.com (View from Florida)2tag:blogger.com,1999:blog-2599255690491632926.post-784545485410365769Sat, 01 Aug 2009 23:41:00 +00002009-08-01T22:08:58.548-04:00florida california medi-cal insurance tort systemWalking through the produce aisle a couple weeks ago, we found "Dinosaur Egg Pluots." These were not ordinary plum-apricot hybrids mind you, these were "special." They were so rare (but hopefully not so old!) they were called dinosaur eggs.I had to explain to my daughter a couple times they were the same pluots we saw in California but sometimes, when you give something a really snappy name, http://viewfromflorida.blogspot.com/2009/08/dinosaur-egg-pluots-part-i.htmlnoreply@blogger.com (View from Florida)1tag:blogger.com,1999:blog-2599255690491632926.post-6408439458891244591Fri, 17 Jul 2009 14:56:00 +00002009-07-17T11:50:29.720-04:00massive foreclosuresrent vs. buy(c) copyright View from Florida, 2009. All rights reserved.The real estate cartel is out in full force touting this or that metric as "proof" that "now!" is a great time to buy a house. Supposedly, price-to-income, "affordability index" and rent-to-sales prices are all at attractive, even "bargain," levels.Since a number of View from Silicon Valley readers, not to mention the author, are http://viewfromflorida.blogspot.com/2009/07/precipice-of-exact-cliff.htmlnoreply@blogger.com (View from Florida)5tag:blogger.com,1999:blog-2599255690491632926.post-5384987282912904036Sun, 12 Jul 2009 15:32:00 +00002009-07-12T20:27:09.685-04:00Different PlaceSame Story© Copyright, View from Florida, 2009. All rights reserved.Greetings from our new digs in Florida! We hope you enjoy the insight and common sense we tried to apply in Silicon Valley, now emanating from ~2,800 miles east.This is a trial effort. I’m not sure how frequently we will post, but here goes.* * * * *The numbers change, but the story is the same here. We’re not surprised, but we thought youhttp://viewfromflorida.blogspot.com/2009/07/same-story-different-place_12.htmlnoreply@blogger.com (View from Florida)0