Friday Morning Reads
Some reads to get your Friday morning started:
• The Busts Keep Getting Bigger: Why? (NY Review of Books)
• Pioneer to Revisit Subprime (WSJ)
• JPMorgan Gets a Break Where Goldman Got Nailed (Bloomberg)
• Betting on last six months’ momentum (Market Watch)
• Bernanke Offers No New Answers to Economic Conundrum (Barron’s) see also QE3? Bond market does the Fed’s job (MoneyCNN)
• For Many in Britain, Being a Homeowner Is a Fading Dream (NYT)
• Will Higher Taxes Tank the Economy? (Fiscal Times)
• Americans See Debt Threat as They Reject Tax ‘Scare Tactics’ (Bloomberg)
• Why Eric Cantor won’t make the budget deal (Washington Post)
• How to Know if Hackers Have Stolen Your Password (Scientific American)
• Now You Can Unsubscribe.com From Social Apps Too (Tech Crunch)
What are you reading?
Tweet
Facebook
Reddit
Digg this!
June 24th, 2011 at 10:27 am
Cam Hui’s “Humble Student of the Markets” blog.
http://humblestudentofthemarkets.blogspot.com/
How do you say “QE3″ in Chinese?
June 24th, 2011 at 11:10 am
http://www.ft.com/intl/cms/s/0/e3fe038a-9dc9-11e0-b30c-00144feabdc0.html#axzz1QBK8MwRl
http://comstockfunds.com/default.aspx?act=Newsletter.aspx&category=MarketCommentary&newsletterid=1592&menugroup=Home&AspxAutoDetectCookieSupport=1
http://www.businessinsider.com/why-does-bernanke-lie-to-us-why-cant-he-just-admit-what-the-problem-is-2011-6
http://www.creditwritedowns.com/2010/02/is-aig-the-main-cds-insurer-for-greek-government-debt.html
http://www.usnews.com/opinion/mzuckerman/articles/2011/06/20/why-the-jobs-situation-is-worse-than-it-looks?PageNr=1
http://www.marketwatch.com/story/betting-on-last-six-months-momentum-2011-06-24
June 24th, 2011 at 11:14 am
Old book – “The Wellness Revolution”. Interesting for all you Silk Soy Milk drinkers. The founder Steve Demos sold a stake and made sure all employees with at least 2 years service received a cut. Many of these employees didn’t even speak English, they needed translators to explain to them why they were getting checks with six zeros. Mr Nice guys sells out to Dean Foods for some half billion or whatever. Dean Foods then decided to dump organic soybean which is a soy no no. They repackage the milk from Organic to “All Natural” and Demos quits. Except the author of the book doesn’t revise the book to include any of this. Buyer beware.
June 24th, 2011 at 11:30 am
“The Busts Keep Getting Bigger: Why? (NY Review of Books)”
Confirming my suspicion that we’re due to drift sideways plus or minus 5 percent for the conceivable future. File this book next to DOW 36000.
June 24th, 2011 at 11:45 am
The Madrick book’s data has an ironically interesting conclusion that the Left seems to miss, that strong “Too Big to Fail” rules will not do anything if a plurality of too-small-to-matter banks indulge in the same risky behavior, in aggregate, as one big on. Which is what they do, they copy what “has been working.”
Also, no matter how much the financial system “lays off” risk, it is still in the financial system. In fact, the system is simply more leveraged. What you have to do is limit leverage. That’s it, and that’s what the Right refuses to think about. Everything else is where you where to come down on consumer disclosure.
Allowing day traders.., er … uh professionals to margin provides no social usefulness. Let them buy stock in a FASB-follwing corporation, publically traded (or ETF…) that has to report and get its loans in the clear light of day.
June 24th, 2011 at 12:22 pm
Osama Bin Laden Wanted To Change Name of Al-Qaeda
…to the “Happy, Fun Guys from Party-all-the-Timeville”
http://www.ibtimes.com/articles/169123/20110624/osama-bin-laden-al-qaeda.htm
…or maybe they heard Prince’s glyph was available. Are all these guy’s going to use World B. Free’s family law counsel?
http://www.latimes.com/sports/basketball/nba/lakers/la-sp-lakers-ron-artest-20110624,0,3453849.story
June 24th, 2011 at 1:32 pm
an apology of sorts from a regulator for missing the on rushing train that created this mess? http://baselinescenario.com/2011/06/23/straight-talk/