Sunday, July 26, 2009

A Tale of Two Texas (because there is no plural form for a singular state)




A question for Texans - how have your opinions on both legal and illegal immigration from Latin America changed over the last few years?

In the last week, I've heard/read two different reports of the perspective of Texans on immigration (specifically, Mexican/Latin American immigration). One comes from a July 9 Economist podcast. (Note: I have linked the story, not the podcast; the podcast interview mentions this fact, while the article does not.)
While largely focused on the economic, political, and structural factors that allowed Texas to better weather the recession than other sunbelt states (notably, California), I was particularly drawn to the point that Texans actually have a more favorable view of (legal) Latin American immigrants than the vast majority of the country.

The second comes from a NYTimes article on the strong shift in sentiment concerning illegal Latin American immigrants, especially in the wake of the 2006 murder of a Houston police officer by a previously deported felon, and the near-death of another officer in March at the hands of another illegal immigrant with a criminal history.

What both articles do not provide is a sense of how average Texans view immigrants, both legal and illegal, and the impact that a recession has had on both.* Historically, communities, Texan or otherwise, have looked with hostility toward immigrants during times of economic duress. California, for example, had armed vigilantes at its Eastern border to keep "Okies" and other internally displaced persons during the Great Depression.

So, Texans, time to speak up. Has there been a change? How have your opinions, and the opinions of your community, on both legal and illegal immigration from Latin America changed over the last few years?

*I hope to search for, and find, some longitudinal data on this, broken down by state. Will try Pew and a few other organizations - recommendations greatly appreciated. Naturally, I will update this post when I find them.

Sunday, July 12, 2009

ETF spreadsheet updated for week of Jul 13-17

Update 15 Jul 2009, 18:17 - Updated with values from today's trading; should be ready to go for Thursday. (link) Sorry it took a while. Note: simple moving average and Bollinger band data NOT updated. Given the size and scope of the rally, I may update these at some point tomorrow - old Bollinger data is unacceptable when an ETF begins riding it up/down.

Update 15 Jul 2009, 11:25 - Updated with values from yesterday's trading. Sorry it took a while. Note: simple moving average and Bollinger band data NOT updated, but should be acceptable for the rest of this week.

Update 13 Jul 2009, 19:22 - Updated with values from today's trading. Note: simple moving average and Bollinger band data NOT updated, but should be acceptable for the rest of this week.

I've updated my custom ETF spreadsheet that covers a ton of sectors, asset classes, and related Proshares/Direxion leveraged and inverse ETFs, where available.

Refer to my earlier post for instructions on how to read/interpret the spreadsheet. Do let me know if you note any errors, or would like to see changes.


NOTE: The pivot-based levels are calculated based on the previous trading day's range, and might be effective only for the next trading day (Monday). I'm considering experimenting with weekly pivots, which might be more useful than the daily pivot levels. I need to consider whether I will be updating this spreadsheet daily or weekly. If you know of ways to automate the download of some of these values (trading ranges, 20, 50, 200 day SMAs, and Bollinger Bands), please contact me ASAP!


Thanks!

Ryan

Follow-up analysis to HuffPo article on policy coordination

Follow-up analysis to David Bromwich: A Line in the Sand is Occasionally Useful

I just came across a short article at HuffPo about how Obama has publicly corrected statements made by Biden and Emmanuel regarding Israel and a public health care option, respectively. Bromwich should be praised for catching these easily-overlooked events, but I feel he takes the wrong message from each of these. I infer the following: either (1) Obama is using an internal system of advisement similar to that used by other leaders - particularly Elizabeth I and Louis XIV, whereby his silence and ambiguity on suggested ideas is a valuable tactic, or (2) the Administration is using Biden, Emmanuel, and others to float trial policies, to be reversed or modified based on the response.

Saturday, July 11, 2009

Interesting arb. opp. for cash advance/float

I occasionally peruse the Fatwallet.com Finance forum and have stumbled across some interesting ideas. In addition to providing me about $1,000 in "free cash" over the last year by highlighting sign-up bonuses for checking accounts, it provides some interesting and clever ways of making successful use of unintended consequences.

One I have taken advantage of is the US Mint $1 Presidential Coin Direct Shipment program.

Sunday, July 5, 2009

ETF spreadsheet updated for week of July 6-10

I've updated my custom ETF spreadsheet that covers a ton of sectors, asset classes, and related Proshares/Direxion leveraged and inverse ETFs, where available.

Refer to my earlier post for instructions on how to read/interpret the spreadsheet. Do let me know if you note any errors, or would like to see changes.

Thanks!

Ryan

What happened to the Wall Street Journal's writing?

I'm catching up on news after a wonderful 4th of July. Evidently North Korea did launch several short-range missiles into the Sea of Japan yesterday.



As distressing as this development is, I found myself even more distressed by some not-so-nuanced reporting in the Wall Street Journal on this story. In particular, this passage bothered me:


North Korea's leaders are able to push forward their weapons program because they show little regard for the impact of weapons-related economic penalties on the country's people. Moreover, they have South Korea and Japan pinned down militarily by hundreds of missiles and artillery rockets and they have China fearful that their ouster and resulting instability would send many North Koreans into northeastern Chinese provinces. (emphasis added)