These are the items I am reading this morning:

• U.S. Investing: Are the Best Times Over? (Businessweek) see also A Fear Gauge Comes Up Short (WSJ)
• The cruelest month for gold (Market Watch)
• Why China is all that matters (MSN Money) see also How Fast Can China Go? (VF) and China as J.P. Morgan Might Have to Save World (Bloomberg)
• Rivals Scout Paulson Assets (WSJ)
• You can lever, but will you take the loss? (FT.com) the short answer: Take the Loss (TBP)
• A $50 Billion Claim of Havoc Looms for Bank of America (Deal Book)
• Don’t count on Markozy to save you as Greece falls (Market Watch) see also Tracking Europe’s Debt Crisis (NYT)
• Fisher Says Central Bank Is Under Attack From Ron Paul, Barney Frank (Bloomberg)
• Google will finance rooftop solar installations (LA Times)
• What Do Studebaker And Geocities Have In Common? No One Remembers Them (Fast Company)

What are you reading?

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Poll: Should Microsoft CEO Steve Ballmer Go?

Source Seattle PI

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.

11 Responses to “10 Mid-Week Reads”

  1. Check this one out:

    http://finance.yahoo.com/news/China-Banks-Shunned-by-bloomberg-2257055474.html?x=0

    Bloomberg – China Banks Shunned by Investors Fearing Bust

    There are so many good articles about China these days…

  2. rktbrkr says:

    $50B comeuppance for BAC, Lewis? Can’t think of anyone more deserving, between O’Neal and Lewis BAC and merrill shareholders got a real 1-2 – and lewis punch was clearly low.

    Throw in Mozzillo and Killinger and you have a real murderers row for bank investors!

  3. mathman says:

    i found this to be another step toward Terminator U.S.A.:
    http://www.wired.com/dangerroom/2011/09/drones-never-forget-a-face/

    How’s that change in Washington goin’ for ya?:
    http://thinkprogress.org/romm/2011/09/28/330556/big-oils-mountain-of-cash-oil-companies-cling-to-tax-breaks-while-hoarding-tens-of-billions/

    (from the article):
    “Profits and Pink Slips: How Big Oil and Gas Companies Are Not Creating U.S. Jobs or Paying Their Fair Share,” by the House Natural Resources Committee Democrats, determined that Big Oil companies shed jobs over the last five years:

    Despite generating $546 billion in profits between 2005 and 2010, ExxonMobil, Chevron, Shell, and BP combined to reduce their U.S. workforce by 11,200 employees over that time.

    Just in 2010 alone, the big 5 oil companies reduced their global workforce by a combined 4,400 employees, while making a combined $73 billion in profits.

    (snark)
    Oh, that’s fair . . . let’s give ‘em some more tax breaks so they can destroy the Alaskan wilderness.

  4. Roger Bigod says:

    I don’t want to jump to conclusions, but has anyone seen Barry and Alessio Rastani in the same room at the same time?

  5. Jojo says:

    There is no such thing as a jobless recovery…
    ————-
    15 Stunning Statistics About the Jobs Market
    U.S.News & World Report LP
    Sept 28, 2011

    Next week, the Labor Department will release its much-anticipated monthly jobs report. Last month, the economy added exactly zero jobs overall, and 14 million Americans still remain unemployed. Economists expect September’s numbers to be a slight improvement, but not enough to make a noticeable dent in the unemployment rate. In the meantime, here are 15 statistics about the jobs market that put the jobs crisis in perspective:

    1. 9.1 percent. Today’s unemployment rate is the highest it has been since 1982.

    2. 131.2 million. The total number of jobs held by Americans in August. In January 2000, total nonfarm employment stood at 130.8 million. That means that over the past decade or so, less than 400,000 jobs have been added overall. At the same time, the eligible work-age population (those older than age 16, who are not in the military or prison) has grown by 28 million.

    3. 58 percent. That’s the number of workers currently employed as a percentage of the work-age population. In December 2007, it was 63 percent. “Particularly in an economy where multiple-earner households are an important element, that drop of about 5 percentage points equates to several million people who want jobs, who would like to have jobs, but for whom there are no jobs available,” says Patrick O’Keefe, director of economic research at accounting firm J.H. Cohn and former deputy assistant secretary in the U.S. Department of Labor.

    4. 11.5 million. Currently, there are 11.5 million fewer job holders than there were in 2007 before the recession began. “That’s the true depth of our jobs deficit,” O’Keefe says.

    5. 6 million. That’s how many workers have been out of work for at least six months and have looked for a job within the last 30 days. They are called the “long-term unemployed.” This group accounts for 42 percent of the total number of unemployed. “That’s the most striking statistic,” says Stacey Schreft, director of investment strategy for the Mutual Fund Store, an investment firm in Overland Park, Kan. “Even though we have unemployment rates that were comparable to the ’81-’83 recession, we didn’t have long-term unemployment anywhere close to this.”

    6. 40 months. The average duration of unemployment is more than three years.

    http://news.yahoo.com/15-stunning-statistics-jobs-market-134815781.html

  6. Jojo says:

    BBC Speechless As Trader Tells Truth: “The Collapse Is Coming…And Goldman Rules The World”
    http://www.youtube.com/watch?v=lqN3amj6AcE

  7. The Best Map Ever of World War II

    Not being a judge of WW2 maps, I can’t say it is the best ever (I didn’t write the title) but it sure is a fine piece of work

    http://rnzncomms.org/2011/03/11/the-best-map-ever-of-world-war-ii/

  8. Lariat1 says:

    I am reading the email reply I received from my Attorney General regarding the mortgage fraudclosure mess. Dear Friend,
    Thank you for recently contacting my office regarding the latest developments in the 50-state national settlement of the mortgage probe.
    As your Attorney General, I am deeply committed to pursuing a full investigation into the misconduct that led to the collapse of America’s housing market, and to seeking a resolution that gives homeowners meaningful relief, allows the housing market to begin to recover, and gets our economy moving again. Too many of New York’s families have suffered for my office to sign onto an inadequate settlement that gives banks and others broad release from further legal action. As your Attorney General, I pursue cases and settlements based on facts, so any agreement must not prevent those investigating the mortgage crisis from following the facts wherever they lead.
    Again, thank you for contacting my office. Please continue to stay engaged on this issue by contacting my Albany offices at (518) 474-7330, or by sending your comments to me on my website. You may also follow me on Twitter or Facebook.

    Sincerely,
    Eric T. Schneiderman
    Attorney General