Soem longer form reads on my Instapaper:

• Normal Recovery? No Way (Comstock)
• Why Egypt’s popular rebellion is the greatest historical event in a decade (Canonical.org)
• Want an MBA? Don’t bother (Economist)
• Demand Media’s Planet of the Algorithms (BusinessWeek)
• The shocking truth about the electric Volt (Washington Post)
• Sabermetrician In Exile (Yahoo Sports)
• The art of good writing (FT.com)
• How Egypt Switched Off the Internet (GigaOm)

What are you reading?

Category: Financial Press

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

19 Responses to “Monday Reads”

  1. formerlawyer says:

    Adam Curtis has an interesting blog posting with a collection of BBC films on Rupert Murdoch:

    http://www.bbc.co.uk/blogs/adamcurtis/

  2. JWQ says:

    Psh, I am in the web publishing business, and revenues of $1.60/user for Demand Media’s content business are wayyy too generous. It should be closer to $0.15/user .

  3. b_thunder says:

    A billion dollar private yacht. what’s next?
    http://www.spiegel.de/international/business/0,1518,740409,00.html

  4. willid3 says:

    what happens if we try to do housing with F&F? maybe housing collapses even more than it does today? and keeps going down as banks have no interest in keeping mortgages on their books as there is to much down side, and very little upside. or does the mortgage go the way of the DODO? that was the way housing was done before. but there was little demand for it either as people could build there own

    http://baselinescenario.com/2011/01/30/my-most-libertarian-post-ever/#more-8589

  5. Onthemoney says:

    Excellent FT article above on what makes good writing, how like music it is to the psyche and how, due to the great tide of banality and the avalanche of text-speak unleashed by our digital revolution, fewer and fewer of us will ever be any good at it. Thanks BR. (Just realized you can’t ‘unleash a tide’. Doh! back to school.)

  6. mathman says:

    The Rethuglicans are at it again (pay China first before honoring soc. sec.):

    http://eclectablog.dailykos.com/

  7. druce says:

    Dexter Filkins on how Afghan bank managed to lose $600m in a country with GDP of $12b (and where we spend a multiple of that GDP a year, plus 500 dead, more wounded, to keep the Taliban somewhat at bay).

    Nine years into the American-led war, it’s no longer enough to say that corruption permeates the Afghan state. Corruption, by and large, is the Afghan state. On many days, it appears to exist for no other purpose than to enrich itself….The Afghan government does not so much serve the people as it preys on them….“Right now, this country is all about raping and pillaging as much as you can, because there is no faith in the future,” an Afghan businessman told me.

    http://www.newyorker.com/online/blogs/newsdesk/2011/01/filkins-afghanistan.html

  8. Gold Caps Worst Start to a Year Since 1997 as Investment Ebbs

    Gold fell in New York, capping the worst start to a year since 1997, on speculation that an improving economy will erode demand for the precious metal as an alternative investment.

    Consumer spending in the U.S. rose more than forecast in December, ending the strongest quarter in more than four years, the Commerce Department said today. Holdings in exchange-traded products backed by bullion fell to 2,033.8 metric tons on Jan. 28, the lowest since June, according to data compiled by Bloomberg. Last year, gold rallied 30 percent, outperforming stocks and bonds.

    “Gold succumbed to the much-anticipated correction on the improving outlook for the U.S. economy,” said Frank McGhee, the head dealer at Integrated Brokerage Services LLC in Chicago.

    via http://www.bloomberg.com/news/2011-01-31/gold-caps-worst-start-to-a-year-since-1997-as-investment-ebbs.html

  9. TripleB says:

    What’s Broken in Greece? Ask an Entrepreneur

    http://www.nytimes.com/2011/01/30/business/30greek.html

  10. Greg0658 says:

    This was a great interview on the subject of writing .. did a good segment on electric cars too:
    PBS Monday’s NewsHour: Roger Rosenblatt Has Advice for Writers (video)
    http://www.pbs.org/newshour/art/blog/2011/01/mondays-newshour-roger-rosenblatt-has-advice-for-writers.html

  11. Small investors pay the price for high-frequency trading – The Globe and Mail

    Under the trading pricing model that’s become the norm in the stock trading world, known as “make/take,” exchanges pay some traders and give rebates to others.

    The markets provide rebates to attract traders who are willing to post limit orders (which specify a buying or selling at a set price). In essence, the markets pay to ensure that they have goods on the shelf in the form of bids and offers. Whenever someone comes in and takes those goods off the shelf via a market order to buy or sell at the prevailing price, they are charged a fee that’s a little higher than the rebate. The stock exchange keeps the difference.

    It’s often the retail investors who tell their brokers “Ah, just grab me 100 shares of XYZ Co. where it’s trading now” who are on the side that pays the fee. Whole high-frequency trading strategies have sprung up to get on the other side of those trades and collect the rebates.

    On any given retail trade of 100 shares, the payment that goes from one side to the other is on the order of 20 to 30 cents, depending on the market, which is baked into the charges that brokers levy on retail investors. It’s not much on an individual basis, but across the millions of shares traded every day, it adds up.

    via http://www.theglobeandmail.com/globe-investor/investment-ideas/streetwise/small-investors-pay-the-price-for-high-frequency-trading/article1889451/

  12. Lyle says:

    But the charges to the little guy are much less than they used to be, if you pick the right broker, today you can pay much less than the 1%+ that was charged before 1975. Today 7 to 10 dollars or 0 depending on your balance is the commision one pays for buying or selling.

  13. AHodge says:

    Fannie metastacizing into commercial apt mortgages
    todays DJ headline

    Fannie Mae Introduces Multifamily MBS GeMS (Trademark)

    to my larger pile, I bought 10,000 more fannie shares last week. being a penny stock thats only $3500, maybe i go to board meeting? just for fun, the shareholders are only there so they cannot be called nationalized (and this govt tagged for the coming bailout)? third world investing…works for me

  14. @Lyle,

    Back then a long distance phone call probably cost $5 per minute as well. So what? Just because it cost more in the past doesn’t make it right to skim now

    A leech by any other name Lyle….even if it has a smaller mouth

    What is wrong with these guys? Can’t they make money actually trading stocks like the rest of us grownups?

  15. VennData says:

    Bing is cheating, copying Google search results…

    http://searchengineland.com/google-bing-is-cheating-copying-our-search-results-62914

    Microsoft, the copy genius. What dead scientist lying in a gutter did they copy Kinect from?

  16. VennData says:

    Yacht Building Business in Germany Booms

    http://www.spiegel.de/international/business/0,1518,740409,00.html

    How can this business boom with such high German taxes on the rich? Hmm.. makes you think, don’t it. …well, unless you’re not a pre-programmed GOP genuflector, that is.