Here is what I have I on my Instapaper for the phone-free ride home:

• Fundamental Fault Line: Banks v. Middle Class (Naked Capitalism)
• Women are better investors, and here’s why (Market Watch)
Paging Meredith Whitney: State Headcount Lowest Since 1999 (WSJ)
• Two Views on Bank Rules: Salvation and Jobkillers (Deal Book)
• US: BofA ‘Significantly Hindered’ Foreclosure Review (Bloomberg)
• World’s Funniest Compliance Officer (WSJ)
Ayn Rand’s ‘Death of the Soul of Capitalism‘ (Market Watch)
• Photographs with historical figures in unexpected places (Quora)
• Black Ops and Blood Money (Men’s Journal)
Amazing! SWITL Picks Up Semi-Liquid Materials (You Tube)

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.

20 Responses to “Afternoon Reads”

  1. lalaland says:

    Warren Buffett, Bill Gates, and Ludacris at a basketball game is awesome. Also loved Mr. T and Michael -

  2. nofoulsontheplayground says:

    Biotech and the unintended consequences of Moore’s Law, by John Mauldin:

    http://www.investorsinsight.com/blogs/john_mauldins_outside_the_box/archive/2011/06/13/biotech-and-the-unintended-consequences-of-moore-s-law.aspx

    It appears people could be living as much as 20-years longer in the future if this stuff makes it to the market. That’s going to be great for Social Security.

  3. Jojo says:

    Economix – Explaining the Science of Everyday Life
    June 14, 2011
    Can We Afford the Military Budget?

    http://economix.blogs.nytimes.com/2011/06/14/can-we-afford-the-military-budget/

  4. lunartop says:

    Again listening rather than reading but I though it fun

    Richard Dreyfuss reads the iTunes EULA

    http://www.cnet.com/8301-30976_1-20068778-10348864.html

  5. Sechel says:

    One can wave a copy of Mein Kempf and offend less people than doing likewise with Atlas Shrugged. I’m not kidding. I had jury duty and decided to use the time to read the Rand work. I was amazed at how many people made comments.

  6. deanscamaro says:

    “William Dunkelberg, chief economist of the National Federation of Independent Business, says what small businesses really need “is the consumer back spending.””

    Well no s__t! Don’t hold your breath waiting for him. The consumer is tapped out and after finding out they don’t have a job and their home-equity ATM has closed down, they are suddenly discovering that putting themselves into debt by spending like drunken sailors is not the thing to do.

    That’s what I am reading and lol!

  7. Thor says:

    The Mauldin piece sounds like nothing more than a plug for the two companies “featured” in the out of the box e-letter. If the author of that letter wasn’t so obviously trying to plug these companies, or more importantly the technologies they are working on, it would be a better read. Hard to determine how much of what’s stated is “fact” and how much is hype. We’re going to be living a hundred years longer because of a cardiovascular technique that hasn’t even gone to human clinical trials yet?

    Also, Mauldin seems to really be jumping the anti-regulation bandwagon – the author of the report makes a comparison of the process for getting drugs and medical procedures approved with computer technology, missing the most important difference entirely; a shitty computer isn’t likely to kill you.

  8. farmera1 says:

    Global Oil Consumption vs Global Oil Production (1965-2010)

    http://www.rigzone.com/news/article.asp?a_id=107979&hmpn=1

  9. farmera1 says:

    From Bloomberg-Businessweek (June 13-June 19, 2011 issue pg 88)

    How Bill Gross avoided the real estate bubble by sending his analysts out to pursue loans for purchasing houses in 2006. He found out what was going on and the information helped him avoid the bubble.

    “In 2006, there were signs that this had become a highly leveraged Ponzi economy and that housing was at the pinnacle of this leverage. ”

    “I thought: Why not take 10 of these people and turn them into pretend real estate buyers.”

    “We got much better real time information, and we learned homes were being bought without a down payment or without documents to prove income. The extent of the lending malpractice-to use a nice word-was shocking, and it caused us to stay out of the subprime market.”

    So Gross sent 10 of his analysts all over the country as pretend real estate buyers. He found first hand about the mess.

    Slick, real slick. But it worked for him. He avoided a lot of trouble by knowing what was going on.

  10. Andy T says:

    “The Mauldin piece sounds like nothing more than a plug for the two companies “featured” in the out of the box e-letter. “

    Well, he did give this HUGE caveat before going on to discuss those two companies:

    “… Please note a few things. These are very small, highly speculative stocks. I own some of them and will likely buy more in the future. But I fully expect that when we have a bear market these stocks could trade down. I am buying these for a very long hold, in hopes their technologies actually prove out. There are no guarantees. I can almost guarantee that some of them will go to zero, for all sorts of reasons …”

    So, you’d have to be complete numb nuts not to realize he wasn’t plugging some stocks and not also understand the caveat emptor statements before hand.

    “…the author of the report makes a comparison of the process for getting drugs and medical procedures approved with computer technology, missing the most important difference entirely; a shitty computer isn’t likely to kill you.”

    Not really. You don’t “have to” buy the shitty computer and you don’t “have to” buy the experimental drug if you don’t want to ….

  11. Petey Wheatstraw says:

    Mike in Nola:

    Honey Badger don’t give a shit!

    lol

  12. swag says:

    Reason Seen More as Weapon Than Path to Truth (People Argue Just to Win, Scholars Assert)

    http://www.nytimes.com/2011/06/15/arts/people-argue-just-to-win-scholars-assert.html?_r=1

  13. Coming to a corrupt nation near you:

    Mexican crook: Gangsters arrange fights to death for entertainment

    http://www.chron.com/disp/story.mpl/topstory/7607122.html

    If you know anybody who still ‘likes to travel to Mexico’, you might want to send them this. Just as a heads up

  14. Mike in Nola says:

    Petey: Thought the best comment on Youtube compared it to The Terminator. It does remind you of that.

  15. “…So Gross sent 10 of his analysts all over the country as pretend real estate buyers. He found first hand about the mess.

    Slick, real slick. But it worked for him. He avoided a lot of trouble by knowing what was going on…”

    farmera1,

    yes, what Gross did was Intelligent, and it netted him an understanding He would not have, otherwise, had by hewing to NAR/MSM PR puffers..

    also, it’s a good, definitive, example of the ol’ adage: ~” ‘Economists’ should snort more ‘Exhaust Fumes’, and less ‘Laser Toner’ ..”

  16. JerseyCynic says:

    Mike in Nola — I have a few congresscritters I’d like to offer up as snacks for The Honey Badger

  17. VennData says:

    Obama wants more engineers…

    http://www.computerworld.com/s/article/9217624/Obama_We_don_t_have_enough_engineers_

    The GOP has a solution, tax cuts for engineers… unless they can’t defend the importance of fossil fuels.

  18. VennData says:

    FDA sets new rules for Sunscreen

    http://online.wsj.com/article/SB10001424052702304665904576385550633988590.html

    Just more gov’t interference. Why, everybody knows the spectrum and which types of electromagnetic radiation cause what kinds of skin problems. We simply have too many people going into physics and not enough into engineering…

  19. VennData says:

    Shuttle’s End Leaves NASA a Pension Bill

    … yeah people are really incentivized to go into engineering when the gov’t goes Tea Party on them.

    http://mobile.nytimes.com/2011/06/15/business/15nasa.xml