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126 Resources for

tim iacono

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The Fed's Turning a Profit
Tim Iacono submits: Sometimes it's funny to read how economists describe what the Federal Reserve is doing in their ongoing quest to save the world from the effects of global deleveraging which they both enabled and condoned. This story by an anonymous economist at The Economist blazes a new...
Tags: US Market, Tim Iacono
External links 2009-05-03
California's Permanent Crisis
Tim Iacono submits: Prior to Moody's announcing that it might make a "multi-notch" downgrade to California's debt rating, a rating that now stands at an uncomfortable five "notches" above junk status (it was much more comfortable prior to word of a possible - and highly unusual - "multi"-notch adjustment...
Tags: US Market, Tim Iacono
External links 2009-06-21
Progress(?) on the California Budget
Tim Iacono submits: Here is a quick look at some recent developments in the never-ending California state budget crisis is in order.That characterization - never-ending - appears to be more true than ever before as this report in today's LA Times notes that recently proposed budget moves will virtually...
Tags: US Market, Tim Iacono
External links 2009-06-25
'Preventing Systemic Collapse': Bernanke's Ace-in-the-Hole
Tim Iacono submits: After catching a few bits and pieces yesterday of Ben Bernanke's testimony on the subject of the Bank of America BAC /Merrill Lynch deal before the House Oversight Committee, it seemed best to let the "professional" bloggers over at the Wall Street Journal do the heavy...
Tags: US Market, Financial, Tim Iacono, Bank of America Corp.
External links 2009-06-26
China Wants More Gold
Tim Iacono submits: It comes as no surprise that the Chinese want to swap some of their U.S. dollar holdings for dumb 'ol gold bars, but the amount is a bit of a shock. Numismaster has the details: It wasn't until about June 9 that the mainstream media was...
Tags: Gold & Precious Metals, China, Tim Iacono, Streettracks Gold Trust
External links 2009-07-02
Commodities: A Cinderella Story
Tim Iacono submits: With the price of oil now plummeting - just $62 a barrel as this is written - the commodity bulls of the world may need some "positive reinforcement" regarding the longer-term picture for this asset class and the Financial Times is happy to supply such in...
Tags: US Market, Tim Iacono
External links 2009-07-08
Natural Gas ETF: Nowhere to Go but Up, Yet It Keeps Going Down
Tim Iacono submits: Bloomberg reported yesterday on the consensus amongst traders and investors that the price of natural gas has nowhere to go but up, yet it keeps going down ... a lot. The United States Natural Gas Fund expanded today to the largest position in its 27-month history...
Tags: ETF, Energy, Tim Iacono, United States Natural Gas Fund LP
External links 2009-07-09
Bullion Trickles Out of Gold ETF
Tim Iacono submits: Inventory at the SPDR Gold Shares ETF (NYSEArca:GLD) fell by another 10.4 tonnes yesterday, its seventh straight decline since early June for a total outflow of 24.2 tonnesAs shown above, the massive additions in the first quarter (a stunning 347.2 tonnes) were followed by a leveling...
Tags: Gold & Precious Metals, Tim Iacono, Streettracks Gold Trust
External links 2009-07-09
Groundbreaking WSJ Story on Gold
Tim Iacono submits: This story about investing in gold hat tip NG that appeared on the front page of the Wall Street Journal's Personal Journal section is ground-breaking in many ways, the most important of which is that it paints today's financial advisers as being just about the dumbest...
Tags: Gold & Precious Metals, Tim Iacono, Streettracks Gold Trust
External links 2009-07-09
Putting Goldman Earnings into Perspective
Tim Iacono submits: Some thought was given to commenting on Goldman Sachs' GS superb performance during the second quarter, announced a few hours ago in what some are now heralding as a return to the good 'ol days of big Wall Street profits and a resumption of the trend...
Tags: Financial, Tim Iacono, Goldman Sachs Group Inc.
External links 2009-07-14
More Misleading Median Home Prices
Tim Iacono submits: Unless we see another big leg down in credit markets and financial markets which is entirely possible, it could well be that the worst of the median home price declines are now behind us in many parts of the country. by Tim Iacono
Tags: US Market, Tim Iacono
External links 2009-07-16
Housing Starts Improve, A Little
Tim Iacono submits: The Census Bureau reported(.pfd) a jump in housing starts and permits for new construction in June, however, the increase leaves new home construction at levels that are still far, far below that seen during any previous housing downturn in data going back 50 years.Starts rose 3.6...
Tags: US Market, Tim Iacono
External links 2009-07-17
Can You Short CityCenter in Vegas?
Tim Iacono submits: You'd think that, somewhere, either in Las Vegas or London, you'd be able to place a bet on whether CityCenter will turn out to be one of the great While Elephants of our time. There are many jobs at stake, but, it seems these days, there...
Tags: Retail, Tim Iacono, MGM Mirage
External links 2009-07-21
Is the California Budget Crisis Really Over?
Tim Iacono submits: No. Not really. But, it's over for now. The San Francisco Chronicle reports that Governor Schwarzenegger and state legislators have settled on a tentative budget compromise to close a $26.3 billion gap in the state's finances by making big cuts in education programs and...
Tags: US Market, Tim Iacono
External links 2009-07-21
If History Repeats, Gold Will Surge Soon
Tim Iacono submits: After the recent turn of events that closed the door on a new high for the price of gold this spring summer arrives this weekend, attention turns to a very encouraging historical pattern that has developed during the current decade - surges late in the odd-numbered...
Tags: Gold & Precious Metals, Tim Iacono, Streettracks Gold Trust
External links 2009-06-19
BLS: Homeownership Costs, Gas Prices Continue to Rise
Tim Iacono submits: The Labor Department reported consumer prices rose a seasonally adjusted 0.1 percent in May, largely as a result of rising energy prices, but, from year ago levels, the cost of living decreased a full 1.3 percent unadjusted, the sharpest decline in prices since 1950. click to...
Tags: US Market, Tim Iacono
External links 2009-06-17
Andie Xie on the Market Rally and the Fed
Tim Iacono submits: Andy Xie, former Morgan Stanley economist and current board member of Rosetta Stone Advisors shares some thoughts on the stock market rally and the Fed hat tip DK. Regardless of what investors or speculators say to justify their punting, the real driving force is the return...
Tags: US Market, Tim Iacono
External links 2009-06-17
Mortgage Lender Blowbacks
Tim Iacono submits: Two stories in Friday's Wall Street Journal tell of a legal system that has become increasingly irritated by what the nation's mortgage lenders have left in the wake of the late, great housing bubble. First, from Indio, California, this report on how a law passed last...
Tags: US Market, Tim Iacono
External links 2009-05-03
Whither the I-Bond?
Tim Iacono submits: There is something to be said for the wisdom of Will Rogers wherein the return of his money was more important than the return on his money. But, interest rates are now reaching ridiculously low levels, particularly the "inflation protected" government I-bonds, now that short-term inflation...
Tags: US Market, Tim Iacono
External links 2009-05-04
What Does Dr. Copper Think of the Economy?
Tim Iacono submits: Copper prices have now fallen for five days straight, the longest losing streak since the tumultuous period in mid-December when it appeared the whole world was about to come to an end and surging demand for Treasuries pushed the ten-year yield to what can only be...
Tags: US Market, Materials/Industrials, Tim Iacono
External links 2009-05-14