More of today’s favorite reads:

• Gold’s run is almost over (Market Watch)
• New Kids Paying Manhattan Rents (WSJ)
• Insuring the bosses’ wallets (Economist)
• Obama Backs Senate Debt Plan (WSJ) see also Dangers of being wrong on Keynes (WaPo)
• Sign of Housing Bottom? Deja Vu All Over Again (Real Time Economics)
• Jay Rosen on Journalism in the Internet Age (The Browser)
• Google Spending Millions to Find the Next Google (NYT) see also Google: The Beginning (WSJ)
• Some Apple Directors Ponder CEO Succession (WSJ)
• The growth of atheism (Jason Collins)
• Obscure and Valuable Keyboard Shortcuts (Noupe)

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.

24 Responses to “10 Afternoon Reads”

  1. carleric says:

    So gold is doomed and housing has finally bottomed…where oh where have we heard this before? Some day perhaps the equity strategist on Wall Street and its environs may get it right but I am not holding my breath.

    ~~~

    BR: The housing article headline says the opposite (Deja VU — get it?)
    The Gold article says its too soon to make the call.

    These are not up here for shits and giggles — READ THE FUCKERS please.

  2. zola says:

    Sign of Housing Bottom? Deja Vu All Over Again

    What proportion of these new starts are rebuilding houses that were destroyed after the floods and tornadoes?

  3. rktbrkr says:

    Zola, you’re dealing with ins claims, don’t think it would happen that fast

    Hamptons RE up an astounding 59%! 28YOs buying $3M homes! Who says QEII was a failure!

    http://www.nypost.com/p/news/local/unreal_estate_market_yFGuki6bpDHQAcRAhySL6L

  4. Mike in Nola says:

    Kabuki debt ceiling curtain falls. Only curtain calls left.

  5. Petey Wheatstraw says:

    Re: The Growth of Atheism

    Thank God. It’s about time.

  6. jadogsl says:

    In regards to the upsurge in Atheism in modern society…. I’m reminded of this quote from Ceaser and Christ authored by Will Durant..

    “There is no greater drama in human record than the sight of a few Christians, scorned or oppressed by a succession of emperors, bearing all trials with a fierce tenacity, multiplying quietly, building order while their enemies generated chaos, fighting the sword with the word, brutality with hope, and at last defeating the strongest state that history has known. Caesar and Christ had met in the arena, and Christ had won.”

  7. wunsacon says:

    OT: A local hardware store is running a special: buy a toaster and they’ll throw in a few shares of BAC.

  8. wunsacon says:

    I’ve been thinking about the social safety net and religion, too. Have you noticed an overlap/alliance between religious leaders and some anti-welfare politicians? I believe religious leaders want government out of the social-safety-net business so they, the religious leaders, can take back some of their old power.

    Anyone think charity should be conditioned on you belonging to the right religion or maybe even the right race??

    Yeah, we have corrupt government. Still beats corrupt religion.

  9. wunsacon says:

    I skimmed a couple of articles about Bachmann’s pledge-taking. How are those pledges — and a politician’s desire to make laws to support them — different than clerics supporting “Sharia” law?

    She’s trying to push “Christian law”.

    (Though it’s not fair to Jesus Christ to call many of these people “Christian”, since they don’t seem to love anyone — let alone their “enemies” — but people who look at act just like them.)

  10. barbacoa666 says:

    @wunsacon – You’ve made this too difficult. Reagan Republicans espoused somewhat Libertarian views. However, that wasn’t enough to win. So, they they endorsed the neoconservatism and social conservatism as a way to woo enough voters to win.

    Thus you end up with a devils brew of conflicting ideologies that result in the Republican party of today.

    p.s. Jesus was a hippy, so you had to convince the social conservatives to ignore his teachings.

  11. Bill in SF says:

    Re: the Gold run…

    Paul Krugman has an interesting take on gold.

    http://krugman.blogs.nytimes.com/2011/07/19/the-glenn-beck-debeers-connection/?smid=tw-NytimesKrugman&seid=auto

    “Kash, at the Street Light, has a very good post on the price of gold and its relationship or lack thereof to inflation fears. He points out that the market for gold is surprisingly small, so that it would take only a relatively small number of extra buyers to push the price way up, even when other, more direct measures of expected inflation remain low. And he draws a parallel with diamonds”…

  12. Mike in Nola says:

    Lots of interesting stuff about Christianity and politics here. I think Will Durant is a little outdated; the US government is now alleged to have been the most powerful government in history, and looks like it’s getting stronger. Will real Christianity survive it? Or will it be the showbiz thing that the current right wing espouses?

  13. Rouleur says:

    …gold is the “fear” trade in the West..

    …it is an inflation trade in the East…

    …Krugman and Glenn Beck are, hmmm…not all that different…

  14. JasRas says:

    Gold is short term overbought, but it did break out of a consolidation so likely has further upside after some sort of a pullback. All global issues are being “solved” in manners that are temporary, inflationary, and still put in serious question multiple sovereign debts/currencies… So long as paper currency value is questioned, debt is “solved” with more debt or other manners of dilution, gold will have a value that can’t be measured via a “lack of cash flow, dividend, interest, etc” It is a store of value. Amber for currency… Bottom line, kicking the can down the road will continue to push gold up until the economy is on sure footing.

    Housing bottom- my song QOTD “…same as it ever was, same as it ever was, same– as–it– ever–was…”–David Byrne/Talking Heads.

    ***THANKS for the shortcuts! Love it. Time saver.

  15. Petey Wheatstraw says:

    Jesus was the greatest liberal that ever lived. The philosophy attributed to him is a very good guide for conduct. The religion that bears his name has little to nothing to do with the lessons he allegedly taught — being based on righteous indignation and even outright hatred. Too bad he wasn’t a/the deity.

    The decline in the value of gold has been run up the flagpole more times than I can count. Maybe this time it will actually happen (OTOH, I think it’s just as likely Jesus will come back to save us from ourselves).

    My rule of thumb is that I will give up on gold and silver completely as soon as banks/nations do.

  16. rip says:

    And Jesus drove the moneychangers out of the temple.

    How does that fit with today’s reality? Or should fit?

  17. Robespierre says:

    @Barry

    “These are not up here for shits and giggles — READ THE FUCKERS please.” LOL

    BTW I was going to suggest this idea I have now seen at several blogs because I don’t really know what to make of it…

    Why Matt Yglesias and Felix Salmon are Wrong About A Legal Way to Circumvent the Debt Ceiling Impasse

    http://www.nakedcapitalism.com/2011/07/why-matt-yglesias-and-felix-salmon-are-wrong-about-a-legal-way-to-circumvent-the-debt-ceiling-impasse.html

  18. crutcher says:

    Are you an atheist BR? Do you care for the science in politics debate? I was always curious about this but since you broached the subject…

  19. ronin says:

    BR: Your two obvious stances on two different subjects contradict each other. For example, you obviously feel gold is a relic, and is nothing more than a “safe haven” asset–if that. And, you obviously believe in man-made global warming. So I ask you, how can you have such strong convictions about the environment, but disregard the very issue that has brought our environment pushed to the breaking point?

    A currency backed by nothing–only by promises and the visible hand of a central banker–has caused more destruction to our banks, industries, neighborhoods, and environment than anything else we have ever collectively done!

    Our “funny money” is the vehicle that is driving us towards our destruction, and I find it absurd that folks in your industry can express so much conviction about our end result but continually ignore the means.

    The correlation between Earth’s troubles and our fraudulent global currency system is so clear and so vivid that you must blind. We cannot, as a global community, ignore the fact that our monetary system has, not only brought us so much inequality, but is also eating us alive like Ebola or AIDS!

    It’s time to wake up folks, and put a stop to this very contagious disease we call a monetary system!

    ~~~

    BR: Recognizing reality and engaging in behaviors are two different things.

    I don’t know how to value gold, but I recognize what trend does to asset prices, so we own some gold.
    Burning Fossil fuels contributes to global warming, but I own more several hi HP performance cars and an older V8 convertible (plus a boat, which are very inefficient)

    You are conflating recognizing truth with engaging in behaviors –they are two different things entirely.

  20. wunsacon says:

    >> BR: Recognizing reality and engaging in behaviors are two different things.

    I offer that same argument when right-wingers criticize Al Gore’s air conditioning or when left-wingers criticize Tea Partier’s scooters. The “hypocrisy” accusation clouds the conversation and turns brains off.

  21. rip says:

    BTW: The Barber article is simply unadulterated bull shit.

    You like to whack people for false premises or anecdotal whatever.

    Surprised you would list it.

    Are you an atheist or a Jew ? Or Hebrew? Or a member of the nation of people?