Wednesday, May 30, 2012

People on Disability MoM change


sources:
http://www.ssa.gov/policy/docs/statcomps/ssi_monthly/2006/table01.html
http://www.ssa.gov/policy/docs/statcomps/ssi_monthly/2007/table01.html
http://www.ssa.gov/policy/docs/statcomps/ssi_monthly/2008/table01.html
http://www.ssa.gov/policy/docs/statcomps/ssi_monthly/2009/table01.html
http://www.ssa.gov/policy/docs/statcomps/ssi_monthly/20010/table01.html
http://www.ssa.gov/policy/docs/statcomps/ssi_monthly/2011/table01.html

I've read several articles recently that suggested the number of people filing for disability claims under Social Security soared as the 99 weeks of unemployment benefits ended in numerous states. When I looked at the data, all I found was a mild uptrend. I didn't see an explosion of people on disability.

I am not making any claims about the health of economy or otherwise, just that I don't see any big trend changes.

Thursday, May 24, 2012

CNBC's Real Yield San Diego

caution: fake news ahead

Coming to CNBC next fall: Real Yield San Diego

Seven strangers find themselves in San Diego and though the locale may be sun-soaked and beachy, there are storms brewing. It's a three month journey through the portfolios of Ashley, Alexandra, Frank, Nathan, Priscilla, Sam and Zach as they get to know, not just each other, but who they really owe.

Living in the seaside community of La Jolla, the roommates must learn to navigate the financial waters, both in and outside the narrow fee laden choices in their 401k plans. The diverse group includes a Zimbabwean Central Banker, a Professional Foosball Player, a Financial Engineer, a Cash Advance King, a Mark to Model, a Bisexual Recent Graduate with large student loans, and a San Diego Native who, as the youngest in the house, may have something to teach her roommates yet. The endless summer awaits.

Find out what it's like when people stop being nominal, and start getting real.

Tuesday, May 22, 2012

Boat of Gloat v.3

Facebook. FaceBilk. FacePlant. FacePalm. Zuckered!

This story has everything. Margin Stanley, secret analyst downgrades, Nasdaq glitches, over allocation, twinks, gypsies, grown men in wedding dresses, a cat from a bodega, and puppets in disguise. As of today, it is down 30% from the IPO peak three trading days ago. Ouch!

What was the AOL keyword for Facebook again?

Thursday, May 10, 2012

Boat of Gloat v.2

JP Morgan suffered a $2 billion dollar embarrassment today, compounded by the arrogance and defiance of their CEO Jamie Dimon. Dimon has been fighting financial reform tooth and nail since the 2008 melt down.

For a bank viewed as a strong risk manager that never reported a loss throughout the financial crisis, the errors are embarrassing, especially in light of Dimon's public criticism of the so-called Volcker rule to ban proprietary trading by big banks, and could lead to more heat from Washington on the sector.
"This puts egg on our face," Dimon said, apologizing in a hastily called conference call with stock analysts and conceded that the losses were linked to a Wall Street Journal report in April about a trader, nicknamed the 'London Whale', who, the report said, had amassed an outsized position.
It ain't hedging if you lose $2 billion on a trade. It's called speculation backed by the taxpayer.

All I can add is, this boat's for you...