Comments on: PIGS Won’t Fly http://www.ritholtz.com/blog/2010/02/pigs/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 07:16:03 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: GlassComplex http://www.ritholtz.com/blog/2010/02/pigs/comment-page-1/#comment-253236 GlassComplex Sat, 06 Feb 2010 12:21:09 +0000 http://www.ritholtz.com/blog/?p=50992#comment-253236 I don't like the term "PIGS" (and it should be PIIGS anyway)! You admit they are in "various degrees of trouble" but thats exactly the point, they can't be rounded up so easily, frankly its a lazy generalisation. Most western sovereigns are in some degree of trouble, but each of the PIIGS is extremely different. Ireland's path out of their mess is difficult but clear, Greece's task is near impossible and very unclear. Yes they are interconnected (in that the biggest threat to Ireland's cost of borrowing is Greece going down the crapper) but to that end half the EMU could be bandied into some acronym. Sorry, i'm clearly an Irishman having a bad day... I don’t like the term “PIGS” (and it should be PIIGS anyway)!

You admit they are in “various degrees of trouble” but thats exactly the point, they can’t be rounded up so easily, frankly its a lazy generalisation. Most western sovereigns are in some degree of trouble, but each of the PIIGS is extremely different. Ireland’s path out of their mess is difficult but clear, Greece’s task is near impossible and very unclear. Yes they are interconnected (in that the biggest threat to Ireland’s cost of borrowing is Greece going down the crapper) but to that end half the EMU could be bandied into some acronym.

Sorry, i’m clearly an Irishman having a bad day…

]]> By: Ari Weinberg http://www.ritholtz.com/blog/2010/02/pigs/comment-page-1/#comment-253112 Ari Weinberg Fri, 05 Feb 2010 20:33:47 +0000 http://www.ritholtz.com/blog/?p=50992#comment-253112 Great headline at Marketbeat <a href="http://blogs.wsj.com/marketbeat/2010/02/05/piigs-not-kosher-at-barclays-capital/" rel="nofollow">PIIGS Not Kosher at Barclays Capital</a> Great headline at Marketbeat

PIIGS Not Kosher at Barclays Capital

]]> By: Market Talk » Blog Archive » Highway To The Danger Zone http://www.ritholtz.com/blog/2010/02/pigs/comment-page-1/#comment-253083 Market Talk » Blog Archive » Highway To The Danger Zone Fri, 05 Feb 2010 19:04:51 +0000 http://www.ritholtz.com/blog/?p=50992#comment-253083 [...] closing on the lows was a “hardly encouraging short term,” FusionIQ CEO Barry Ritholtz says. And the bears haven’t lost any steam in today’s session. But he remains confident in [...] [...] closing on the lows was a “hardly encouraging short term,” FusionIQ CEO Barry Ritholtz says. And the bears haven’t lost any steam in today’s session. But he remains confident in [...]

]]> By: Patrick Neid http://www.ritholtz.com/blog/2010/02/pigs/comment-page-1/#comment-252995 Patrick Neid Fri, 05 Feb 2010 13:56:25 +0000 http://www.ritholtz.com/blog/?p=50992#comment-252995 The problem I have with this market is I totally understand the bear case. I mean who doesn't? Here's hoping we at least trade down to the 200 ma or better yet a .382 correction point. The problem I have with this market is I totally understand the bear case. I mean who doesn’t?

Here’s hoping we at least trade down to the 200 ma or better yet a .382 correction point.

]]> By: rktbrkr http://www.ritholtz.com/blog/2010/02/pigs/comment-page-1/#comment-252987 rktbrkr Fri, 05 Feb 2010 13:37:28 +0000 http://www.ritholtz.com/blog/?p=50992#comment-252987 1.4M unjobs? The total nonfarm employment level for March 2009 was revised down- ward by 902,000 (930,000 on a seasonally adjusted basis), or 0.7 percent. The previously published level for December 2009 was revised downward 1,390,000 (1,363,000 on a seasonally adjusted basis). 1.4M unjobs?

The total nonfarm employment level for March 2009 was revised down-
ward by 902,000 (930,000 on a seasonally adjusted basis), or 0.7 percent. The
previously published level for December 2009 was revised downward 1,390,000
(1,363,000 on a seasonally adjusted basis).

]]> By: SilverOz http://www.ritholtz.com/blog/2010/02/pigs/comment-page-1/#comment-252985 SilverOz Fri, 05 Feb 2010 13:30:54 +0000 http://www.ritholtz.com/blog/?p=50992#comment-252985 I am calling shenanigans with your take on the birth/death adjustment. Before the b/d adjustment, the BLS made another adjustment to the numbers that actually went unpublished (ie they always had a factor for the creation of new business). Also, as you can see in this link http://www.bls.gov/ces/cesregrevtec.htm the benchmark revision has been around since 1979 and some of the bigger percentage adjustments were made well before the birth/death model was used. I am calling shenanigans with your take on the birth/death adjustment. Before the b/d adjustment, the BLS made another adjustment to the numbers that actually went unpublished (ie they always had a factor for the creation of new business). Also, as you can see in this link http://www.bls.gov/ces/cesregrevtec.htm the benchmark revision has been around since 1979 and some of the bigger percentage adjustments were made well before the birth/death model was used.

]]> By: globaleyes http://www.ritholtz.com/blog/2010/02/pigs/comment-page-1/#comment-252983 globaleyes Fri, 05 Feb 2010 13:27:17 +0000 http://www.ritholtz.com/blog/?p=50992#comment-252983 If you give <strong> PIGS </strong> enough feathers, they can fly. Debt gives pigs the wingspan they need to stay airborne forever. And when it appears they're gonna crash, they get a government-supplied parachute. TARP is what they get if the parachute doesn't open. Conclusion: that pig'll never see the inside of a slaughterhouse. Why? Because Capitalism without failure is like religion without sin <--- quote of the decade by you-know-who. If you give PIGS enough feathers, they can fly. Debt gives pigs the wingspan they need to stay airborne forever. And when it appears they’re gonna crash, they get a government-supplied parachute. TARP is what they get if the parachute doesn’t open.

Conclusion: that pig’ll never see the inside of a slaughterhouse.

Why?

Because Capitalism without failure is like religion without sin <— quote of the decade by you-know-who.

]]> By: rktbrkr http://www.ritholtz.com/blog/2010/02/pigs/comment-page-1/#comment-252982 rktbrkr Fri, 05 Feb 2010 13:25:59 +0000 http://www.ritholtz.com/blog/?p=50992#comment-252982 Time to muddy the water dept... Beginning with the release of data for January 2010 on February 5, 2010, the U.S. Bureau of Labor Statistics (BLS) plans to implement several changes to the content and format of the Employment Situation news release. Changes will be reflected in both the text and tables. Time to muddy the water dept…

Beginning with the release of data for January 2010 on February 5, 2010, the U.S. Bureau of Labor Statistics (BLS) plans to implement several changes to the content and format of the Employment Situation news release. Changes will be reflected in both the text and tables.

]]> By: SINGER http://www.ritholtz.com/blog/2010/02/pigs/comment-page-1/#comment-252981 SINGER Fri, 05 Feb 2010 13:22:20 +0000 http://www.ritholtz.com/blog/?p=50992#comment-252981 i dont know if 400 is going to happen... Its just in the realm of possibility... On another note... Does this huge new budget which I hear crashes through the debt ceiling by an additional $2T mean the Gov. is committed to hyperinflating the debt away once economic activity eventually picks back up? You cant actually pay that amount off in the standard fashion can you? i dont know if 400 is going to happen… Its just in the realm of possibility…

On another note… Does this huge new budget which I hear crashes through the debt ceiling by an additional $2T mean the Gov. is committed to hyperinflating the debt away once economic activity eventually picks back up? You cant actually pay that amount off in the standard fashion can you?

]]> By: torrie-amos http://www.ritholtz.com/blog/2010/02/pigs/comment-page-1/#comment-252980 torrie-amos Fri, 05 Feb 2010 13:17:18 +0000 http://www.ritholtz.com/blog/?p=50992#comment-252980 400 takes us back too 94, which is my target fwiw, agree with singer what happens next depends on where you own and what you own, if you bought apple below 100 are you worried yet, if your in commodities you know the dollar rules all, if you bought x at 35 imho, you're quite concenred, yet, if you own tck at 7, what me worry, when? lot's of cross currents, lot's 400 takes us back too 94, which is my target fwiw, agree with singer

what happens next depends on where you own and what you own, if you bought apple below 100 are you worried yet, if your in commodities you know the dollar rules all, if you bought x at 35 imho, you’re quite concenred, yet, if you own tck at 7, what me worry, when?

lot’s of cross currents, lot’s

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