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60 Seconds of Johanna’s WIP for March 1, 2024

Johanna Rothman

Back in 2009, I gave a talk about project portfolio management to a group of about twenty people. Since I ran that conference, I gave myself the last possible time slot on Friday morning. Everyone was leaving the conference, and some people left my talk early so they could manage their travel. That talk was a raving success.

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Hilarious Transcripts of Fed Minutes from 2008 Reveal Completely Clueless Fed

MishTalk

January 9, 2008 : Telephone Conference Meeting of the Federal Open Market Committee Staff Report : The incoming data on spending and production have, on net, led us to revise up our estimate of real GDP growth in 2007:Q4 by about 1-1/4 percentage points relative to the December Greenbook. I didn’t quite get that.

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France Collective Depression; Growing Demand for Protection from Immigrants; Only 35% Think EU is Good for France

MishTalk

For the first time since 2009 - the date of creation of the barometer, "gloom" has a relative majority of 34%, up 9 points. 47% of respondents - a jump of 17 points since 2009 - say France need "more protection". I am very pleased that he is speaking at this year''s conference. Last conference, we arranged wine tours.

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"Fixed Income Only Positive Return Asset Class in 2014, 30-Year Treasury Yield Headed to 2.50%" Says Steen Jakobsen

MishTalk

But the fixed income market seems to have a different opinion: This is my long term chart which have maximum one signal per year. It''s now getting ready to sell off indicating that the bond market "disagrees" more and more with the assumption on weather. The housing market no longer supports growth.

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Smoke and Mirrors Hide the Collapse in Corporate Profits

MishTalk

Steen Jakobsen, chief economist at Saxo bank passed on the above tweet this morning along with an attachment from Albert Edwards and this comment: " John – who I met at the Wine Country Conference – is not only great economist and fund manager, but also a remarkable Gentleman who lives to support Autism. This is his link Hussman Funds."

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Bubble Valuation Blues; GMO 7-Year Outlook for U.S. Stocks is Negative

MishTalk

My Thoughts: During periods of market excess, avoiding bubbles and instead investing in out of favor but attractive assets can be quite painful to live through in the short-term. GMO 10-Year History Let''s step back a bit and look at GMO''s 10-Year history from 1999-2009. Only a free market does. Of course not. Few ever do.

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Magazine Ad Revenues Plunge; Google Collects Half of Mobile

MishTalk

Minyanville Business and Market News. China Financial Markets. Market Oracle. Market Ticker. Real Clear Markets. Magazine Ad Revenues Plunge; Google Collects Half of Mobile Internet Ads; Cannibalization of Ad Market. A major drop-off in ad pages occurred from 2008 to 2009 (17%.) Sitka Pacific.