10 Tuesday AM Reads
My Tuesday morning reading:
• Dissecting the Mind of the Fed (NYT) see also The Bernanke Rally? Not Exactly (Telegraph)
• BofA’s woes making life difficult for Merrill advisers (Investment News)
• Shiller: Yes, We Can Do Stimulus Without Adding Debt. Here’s How. (New Republic)
• Dividend Stocks: It’s Payback Time! (WSJ)
• The Biggest Lie About U.S. Companies (Yahoo Finance)
• Multigenerational Homes Surge in U.S. (Bloomberg)
• Why Michael Lewis is a great writer but a terrible journalist (Scott Locklin)
• Fed Psychology: Bernanke and Buffett try the feel-better approach (LA Times) see also Bernanke Turns Timid in Krugman’s View (Bloomberg)
• How WikiLeaks has changed the role of journalism (Social Media)
• Solar May Produce Most of World’s Power by 2060, IEA Says (Bloomberg)
What are you reading?
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August 30th, 2011 at 7:39 am
The Micheal Lewis link is wrong – it goes to John Hussman’s website.
August 30th, 2011 at 7:57 am
Understanding we will never return to ‘business as usual’ 23 thinkers, advisors and Wall Street money-men break their silence and explain how the world really works.
http://www.youtube.com/watch?v=wLoB1eCJ93k&feature=player_embedded
August 30th, 2011 at 8:40 am
I am reading IN MY TIME (Cheney memoire). He has had a most interesting career in public service and deserves to be heard. After the hedging and flim- flamming on CNBC this morning, his blunt retrospective is a welcome relief.
Disclosure: I read political memoires from both ends of the spectrum.
August 30th, 2011 at 9:17 am
Chicago Fed Evans on CNBC with SteveL .. was good thinktank stuff .. but surf’d over to CNN HofR Kucinich thinktank’g Immelt in the WH on Jobs in the good ole USA .. good too
Dick#2 rose to that position = he’ someones hero / not mine .. prosecutions are nulled .. no interest .. surfs up
August 30th, 2011 at 9:19 am
“Debt super committee vexes even lobbyists” – Reuters
http://www.reuters.com/article/2011/08/29/us-usa-debt-lobbyists-idUSTRE77S5B220110829
- Vin Weber, a Republican congressman turned lobbyist, said efforts to lobby committee members create a delicate situation. “You have to be careful about it because in order for the deal to have credibility with the public it can’t be seen to have been forged by lobbyists and influenced by money,” he said. -
The point Weber makes is not that lobbyists can’t run the show. It’s that they can’t be SEEN as running the show.
August 30th, 2011 at 9:36 am
A spanner in the works? And FDIC isn’t a team player – YIKES!
http://www.bloomberg.com/news/2011-08-29/fdic-objects-to-bank-of-america-s-proposed-8-5-billion-mortgage-bond-pact.html
August 30th, 2011 at 9:45 am
The Tea Party wants to hold up hurricane aid until they get what they want…
http://dyn.politico.com/printstory.cfm?uuid=3D3E7571-0A24-4FA3-B45D-4A589583F60D
http://www.washingtonmonthly.com/political-animal/2011_08/cantor_no_emergency_disaster_r031861.php
http://www.huffingtonpost.com/2011/08/26/tie-disaster-aid-to-spending-cuts_n_938617.html
http://www.huffingtonpost.com/2011/05/26/missouri-tornado-storm-aid-republicans-divided_n_867613.html
Didn’t these Tricolor-wearing flounces learn anything from Bush’s disastrous dickering around in Katrina, and past GOP stonewalling of emergency aid?
They’re not the “daddy’ party, they’re the deadbeat daddy party,
August 30th, 2011 at 9:59 am
“[Sony] slapped by the Koreans below and Apple above.”
Racial hierarchy always deserves some lovin’
August 30th, 2011 at 10:04 am
Shiller is right. Our debt was amassed primarily from transfering wealth up the economic ladder. If those entities don’t have the balls to deploy their gifted capital, let’s tax them and spend it for them.
Good luck making that happen.
August 30th, 2011 at 10:38 am
A billionaire’s welcome mat was water-logged by Irene. The House Republican’s demand our bin-Laden-killing Commander-in-Chief call out the National Guard immediately, if not sooner…
http://www.billionairerights.org/help_me_bitches_my_welcome_mat_is_soaked.html
…and demand that the workers drying it out get their “temporary” payroll tax cut set back to the Bush rate….
http://www.ibtimes.com/articles/205356/20110829/payroll-tax-cut-payroll-tax-cut-republicans-republicans-tax-cuts-us-debt-deal-us-deficit-deal.htm
… and tell that worker to dry out my mat out back so my celebrity guest coming over to celebrate the continued government subsidies for private jets. ..
http://www.usatoday.com/travel/flights/2009-09-17-little-used-airports_N.htm
…Oh, look, everyone, the little man out back cleaning my mats is a GOP supporter because he thinks Obama is a Muslim. I financed that one. Hahaha!
August 30th, 2011 at 10:40 am
I think this is the link Barry was trying to put for the Scott Locklin/Michael Lewis story:
http://scottlocklin.wordpress.com/2011/08/29/why-michael-lewis-annoys-the-bejeepers-out-of-me/
August 30th, 2011 at 10:59 am
Gold is IN again .. huh
jungle bunnys* spending rap cash and grooms buying hopped up electronics for their brides ..
ya can’t eat it – heat with it – drive with it – drink it
*coda – and on the other side of the globe its a work-ticket for the disenfranchised
.. if we don’t get on this Idiocracy we are Angus & Holsteins forever
pss fyi – I love the BearColors
August 30th, 2011 at 11:05 am
speakin’ of Wikileaks:
http://www.theinquirer.net/inquirer/news/2105200/wikileaks-suffers-major-leak
oopsy!
August 30th, 2011 at 11:48 am
Manufacturers of Downward Arrows Post Record Profits
http://www.borowitzreport.com/2011/08/19/manufacturers-of-downward-arrows-post-record-profits/
hat tip Mankiw (now if you excuse me, I need to take a shower after reading his “blog”)
August 30th, 2011 at 2:42 pm
That’s a hard hitting piece on Michael Lewis. Very.
As someone above noted, the actual story is here:
http://scottlocklin.wordpress.com/2011/08/29/why-michael-lewis-annoys-the-bejeepers-out-of-me/
August 30th, 2011 at 4:44 pm
FDIC objects to BOFA settlement http://www.nakedcapitalism.com/2011/08/fdic-objects-to-8-5-billion-bofa-settlement.html