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Samsung: It doesn’t take a genius
I think Apple is going to clean up this quarter. What happens after that is another story. But the reality is the iPhone 5 isn't a killer on the specs. It will drive upgrades, yes. But many other phones now have better specs.
Samsung is…
Deflationary fiscal versus reflationary monetary: who wins?
Japan has joined the crowd and started an even more aggressive asset purchase program as the Japanese economy weakens. Meanwhile, serious tax hikes are poised to go into effect very soon. Japan plans to cut state spending because the…
On the continued European deposit flight
Yalman Onaran has written up a lengthy review of the deposit flight now ongoing in Europe. It is a reminder that Mario Draghi's plan to backstop Spanish and Italian sovereign debt can only do so much to stop redenomination risk, the…
Japan Today, Spain Tomorrow
By Marc Chandler
The Bank of Japan did not disappoint and joined the ECB and Federal Reserve in taking new and non-traditional measures.The BOJ did practically everything that we outlined yesterdayand justified its move by downgrading its…
The iPhone is no longer the best mobile but it’s enough for massive upgrade cycle
If you look just at the specs, the iPhone 5 is no longer the best of breed smartphone. Plenty of other handsets measure up including the Samsung Galaxy S III and the new LG Optimus G. In fact, these phones have superior specs on nearly all…
Daily: Mitt Romney’s lurch to the right is neither credible nor wise; it’s disastrous
I have a backlog of links I could put into this post but I am going to get this out now to concentrate on one issue: the US presidential election and Mitt Romney's meltdown. At the beginning of the year, I predicted that Romney would win…
More on government tax coercion versus fiat money liberty
I was on RT's Capital Account on Friday night talking to Lauren Lyster about QE and the conversation moved more into the realm of fiat currency and government's coercive taxing power. This is particularly relevant given arguments within…
Brief thoughts about being at the zero lower bound when recession begins
I was looking at Tim Duy's latest post on monetary policy and asking myself the same question he asks about normalizing the interest rate cycle. Here's what Tim wrote about getting off the zero bound:
"it is perfectly reasonable to…
Frothy fixed income yields send 8-year B+-rated junk paper down to 5.75%
By Sober Look
As an example of how frothy fixed income markets have become, Reynolds did a $3.25 billion HY issuance today. They repaid a great deal of existing debt, but also took half a billion of cash for general purposes - in effect…
Daily: Depressions, stimulus and its effects
I am still deciding what this week's weekly post will be on. Clearly, I need to write a bit more substantively about QE3 than I have so far. And I have two media appearances from last week to use to update you on my viewpoint.
The broad…