- friend Tom Hazlett has a great piece in Barrons re shift of wireless competition from carriers to Apple/Rim etc http://t.co/IaM8BdJk #
- In wireless, ave price per voice minute 20 cents in 2000 , 4 cents in 2010. Adj for inflation, 84% drop! Networks spent $20-$25B/yr capex #
- Sprint will now offer iPhone. To land sale, they committed to buy 30.5M units by 2015 ($15B gross profit to Apple, Sprint mkt cap just $8B. #
- Confirms my view MSFT should be analyzed as a utility with govt monopoly. Microsoft Buys 800 AOL Patents for $1 Billion http://t.co/9Ig9SXp0 #
- Brother Tom (#2 guitar player I know; dad was #1 sent this Stanley Jordan vid. Dad would want you to watch it. http://t.co/bqnR2HD8 #
- Monetization? Fed bought 2/3 of Treas debt issued 2011, more than priv & for inv together http://t.co/qjvoPxWL #
- Treas bonds riskiest game in the house today. Compare 10 year yield 2.22% with div yields BX 5.7%, RIO 2.7%, BHP 3.1%, FCX 3.3%, PTR 3.8% #
- Anyone who makes 10 yr loans to the Spanish government at 5.31% yield is nuts! JR @cnbcfastmoney @cnbc #
- Spain is next to go–youth unemployment rose to 50.5% in February. #
- Idiots! a bill before India parliament would govt go back 50 years to tax sale of Indian assets even if seller & buyer both outside India. #
- RT The big china story-will shrink for reserves @CNBC China to Allow More Overseas Investment: PBOC Head http://t.co/RJxJjqDL $$ #Economy #
- Will be on #CNBC #cnbcfastmoney Monday noon-1PM Eastern re worries about China growth. hint: yesterday's March PMI at 11-month high 53.1 #
- Friend John Taylor's excellent WSJ op-ed highlighting danger the Fed is out of control. http://t.co/ePIc8gkb http://t.co/EecS6u6f #
- Will be on #cnbc #cnbcfastnoney Monday noon-1PM EST talking about #china growth news out this weekend. Hint-China is not collapsing. #
- Daughter Elizabeth, who IS brilliant, posted slideshow re software she designed to track soccer team player data http://t.co/BhBqFufk #
- Chops to @pamelarutledge. Her @psychtoday column updating Maslow was subject of Steve Denning's @forbes.com column http://t.co/yR4WHcjR #
- China March PMI unexpectedly jumps to 53.1, 11-month high – China Business Watch: http://t.co/yZDVg3XC via @AddThis #
- This is a huge opportunity! Wenzhou #China pilot zone for fin reform, allow residents to make foreign investments. http://t.co/mjXnEd4m #
- Will be on CNBC's Fast Money Monday noon-1PM Eastern re worries about China growth. hint: March PMI report today 11-month high 53.1
JR # - BRICS 20% ($13.6 trillion) of global GDP 2011, 42% of world population. tough to invest there but very interesting. http://t.co/cGFwNmK4 #
- "China to cut import duties" Part of policy to rebalance Chinese econ by incr consumption relative to exports, capex http://t.co/mnbw72Gz #
- 3 storm systems on financial weather map 1) Fed liq breakout into ending, growth, inflation, 2) EU bank shrink, mezzanine, 3) China growth #
FYI: I will be on CNBC’s Fast Money Monday from noon-1PM EAstern time to discuss the China growth news released this weekend. As you know, many people are worried about a hard landing for the Chinese economy. The March PMI, released today, should help them exhale. The National Bureau of Statistics said on Sunday China’s official Purchasing Managers’ Index (PMI) jumped to an 11-month high of 53.1 in March from 51 in February, beating analyst forecasts of 50.5. My take: China is slowing some, maybe from 9.2% last year to 8-8.5% this year, but don’t hold your breath for a crash. I expect more gains in dollar-based security markets, including China, for the remainder of this year as the tsunami of liquidity created by the Fed since 2007 beaks through to global asset prices.
Hope you can be there.
John
- Fed bought 61% of new govt debt last yr. When they turn seller to shrink reserves expect huge spike in bond rates http://t.co/JzAA6Gun #
- Fed took 61% of new govt debt last yr. When they sell to shrink res expect spike in rates http://t.co/JzAA6Gun #
- Fed now biggest storm system for economy & why I'm increasing inflation bets. "Bernanke Pledges to Keep Rates Low" http://t.co/vOu8mtXu #
- Bernanke is a major cluster and the poster child for why to never put a professor in charge of the Fed. #
- My friend Scott Grannis updated chart http://t.co/HTMilfzq on tangible assets and inflation we 1st did in 1970s http://t.co/yZBRvV9c #
