Article: Greece’s Race to Catch Up on Reforms Seems Doomed

September 9, 2011

Fill in the blank: Bear Stearns is to Greece like Lehman is to _________

Now rumors of a Greek default this weekend. Might finally make sense now that the 1 year Greek government bond is yielding 95% and the two year is yielding 55%. Both are priced for about 100% chance of default.

I’d love to see the recovery estimates.

A Greek default will probably create a market yawn, as Bear Stearns ultimately did. There is no real news there anymore except how it is ultimately handled.

Anecdotally, the markets performed well from March of 2008 when Bear was “bailed out” until Lehman in September. If history repeats, it might be a Merry Christmas, but it’ll probably be a pretty rotten Easter.

When people around the world wake up and look under the covers, I think they are going to find that their leaders were also asleep at the wheel.

Someone needs to turn on the lights. Article: Greece’s Race to Catch Up on Reforms Seems Doomed

Under mounting pressure from euro zone partners,Greece is scrambling to deliver on reforms and fiscal targets to avoid bankruptcy but its efforts seem doomed and snap elections are on the horizon.

Full Story:


Hurricane Tracking Resources

August 26, 2011

Hurricane Irene Tracking Map – New York Times –

Hurricane Irene Tracking Map – –

Hurricane Irene Storm Surge Tracking & More – Weather Underground –

Tropical Depression 10 (the next storm) – –

New York City Hurricane Evacuation Zones

August 26, 2011

New York City Hurricane Evacuation Zones

For more important and up to date information please visit

To find your home’s zone, please go to  (note works best in Firefox)

How Much S&P 500 Can Be Bought with an Ounce of Gold?

November 5, 2010

This thought came to me today with the major move in equity markets, which is what has the long term relationship been between Gold and the S&P?  The Gold bugs had a great day too, and volatility dropped like a rock.  What does it all mean?

This is not so artfully “borrowed” from Barry Ritholtz circa May 2010.  Click on the chart to enlarge.

Gold Relative to S&P500 (1928-2010)

Nice additional commentary from Zero Hedge here with additional charts comparing the S&P/Gold ratio between the Great Depression and now.  Makes you wonder if we are to repeat history how we would get there.  Will gold go to 5,000, or will the S&P 500 drop to 250, or will they meet in the middle with a reversion to the 2009 March lows in the 600’s on the S&P while Gold rallies to 2,500 or so?  Seems inevitable that some combination will prevail at this point.  Certainly the markets returns are lackluster when converted out of USD into any for of currency that has held its own value.

Swine Flu Links & Resources

April 27, 2009
World Health Organization Pandemic Influenza Phases

World Health Organization Pandemic Influenza Phases

Looks like the WHO has raised the level to Phase 4, a first I believe.  In any event some other dynamic resources (dynamic resources are updated frequently and are linked directly to below).

World Health Organization (WHO) – Disease Outbreak News

Centers for Disease Control & Prevention (US CDC) – Swine Influenze (Flu)

European Centre for Disease Prevention and Control – Home Page

New York Times – Tracking Swine Flu

Wall Street Journal – Swine Flu Coverage

CDC Twitter Feed – CDC Emergency

Wall Street Journal – Interactive Swine Flu Map

USA Today – Interactive Chart of Swine Flu Cases and Precautions Around the World

CNN – Swine Flu Coverage

NPR – Interactive Map Confirmed Cases Of Swine Flu Across The Globe

U.S. Infections as tracked by the CDC as of April 27, 2009

U.S. Human Cases of Swine Flu Infection (As of April 27, 2009 1:00 PM ET) (CDC)

U.S. Human Cases of Swine Flu Infection (As of April 27, 2009 1:00 PM ET) (CDC)