Thursday – December 31st, 2009

First we’d like to take a moment and offer our warmest wishes for the years past and the ones ahead:

 Please accept with no obligation, implied or implicit, our best wishes for an environmentally conscious, socially responsible, low-stress, non-addictive, gender-neutral celebration of the winter solstice holiday, practiced within the most enjoyable traditions of the religious persuasion of your choice, or secular practices of your choice, with respect for the religious/secular persuasion and/or traditions of others, or their choice not to practice religious or secular traditions at all. WE also wish you a fiscally successful, personally fulfilling and medically uncomplicated recognition of the onset of the generally accepted calendar year 2010, but not without due respect for the calendars of choice of other cultures whose contributions to society have helped make America great. Not to imply that America is necessarily greater than any other country nor the only America in the Western Hemisphere … Also, this wish is made without regard to the race, creed, color, age, physical ability, religious faith or sexual preference of the wish.

THANKS FOR SENDING THIS OVER, JOE! U DA MAN … and now back to our regularly scheduled and reduced content RANT:

  • Apartment renters win as vacancy rate climbs: USAToday
  • With Greece Teetering, the Worst May Not Be Over for Europe: NYTimes
  • U.S. Treasuries Head for Worst Annual Performance Among G-7 as Debt Mounts: Bloomy
  • Mortgage Bond Rally Poised to End as Fed Departs, Boosting Home-Loan Rates: Bloomy
  • GMAC Receives $3.8 Billion From Treasury in Lender’s Third Bailout Package: Bloomy

There are very few ‘out there’ but we’ve got no choice. We needed to get a few things off our chests ahead of 2010. While the market is quiet, the news and flow of ideas and thoughts on how to turn a profit in bond mkts next year are far from it. We have attached our PDF without a password today and would highlight an item in USAToday as a perfect example of what Europe (Germany) is missing by being OUT today. “Apartment renters win as vacancy rate climbs” is a GREAT read as it represents both the ying and yang of what we’ve all gone thru and what we’ve got to look forward to in next couple of years. Diving too deep for you right now? Sorry for that. Point is that about the 3rd sentence IN to this article, you’ll find the following: “… Landlords are offering tenants up to six months of free rent, flat-screen TVs and new appliances. They’re also slashing monthly rates and easing application standards.” Say that again? That last part right there? WTF? Are you serious? So not only a plazma and a few free months (arguably just in a nick of time, given you’ve just been thrown outta yer home on yer a$$ ‘cause you just lost yer job??) but they are (being forced into…??) easing application standards? Haven’t we seen this movie before?? In any case, we’ve got this all linked up and would suggest a read. ALSO a very interesting NYTimes story about troubles in Europe far from over – we attempt to put that into context (thinking along the lines of our ‘right trade for the right reasons’ and selling here vs buying over there) along with one visual to end the decade – a monthly look at 10yr yields, NFP and FedFunds – trying to employ the KISS methodology! Have a great start to the end of the decade! Best, Saul/Steve

Here is something new and different – our PDF without password, for your dining and dancing pleasure:

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