10 Thursday AM Reads
Posted By Barry Ritholtz On October 20, 2011 @ 9:45 am In Financial Press | Comments Disabled
Some morning reading goodness for you:
• A long, steep drop for Americans’ standard of living (CS Monitor [1])
• Foreigners’ Sweetener: Buy House, Get a Visa (WSJ [2])
• Wall Street Has Worst Quarter Since Crisis (Bloomberg [3]) but see Morgan Stanley’s $2.15 Billion Profit Exceeds Expectations (DealBook [4])
• SOLD TO YOU: Groupon May Value Itself in I.P.O. at Close to $12 Billion (DealBook [5]) If I could short this pig at $12B valuation, I would.
• Have Regulations Hurt Bank Profits? (NYT [6]) see also Which Bank Is the Worst for America? 5 Behemoths That Hold Our Political System Hostage (AlterNet [7])
• A Call to Pull Reins on Rapid-Fire Trade (WSJ [8])
• California reportedly subpoenas BofA over toxic securities (LA Times [9]) see also BofA, JPMorgan Say Refund Demands Mount for Post-Bubble Loans (Bloomberg [10])
• France and Germany Split on Crisis Solution (Bloomberg [11])
• Occupy Wall Street Demographic Survey Results Will Surprise You (TPM [12]) see also Demographics Of OWS (Fast Company [13])
• Fox Memo to Fox Business staff – don’t copy Fox News (Reuters [14])
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This is likely to be my last Steve Jobs mention for the foreseeable future::
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Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2011/10/10-thursday-am-reads-5/
URLs in this post:
[1] CS Monitor: http://www.csmonitor.com/Business/2011/1019/A-long-steep-drop-for-Americans-standard-of-living
[2] WSJ: http://online.wsj.com/article/SB10001424052970203752604576641421449460968.html
[3] Bloomberg: http://www.bloomberg.com/news/2011-10-20/wall-street-has-worst-quarter-for-banking-trading-since-financial-crisis.html
[4] DealBook: http://dealbook.nytimes.com/2011/10/19/morgan-stanley-posts-2-15-billion-profit/
[5] DealBook: http://dealbook.nytimes.com/2011/10/19/groupon-seeks-12-billion-valuation/
[6] NYT: http://www.nytimes.com/roomfordebate/2011/10/19/have-regulations-hurt-bank-profits
[7] AlterNet: http://www.alternet.org/story/152686/which_bank_is_the_worst_for_america_5_behemoths_that_hold_our_political_system_hostage_?
[8] WSJ: http://www.slate.com/articles/business/project_syndicate/2011/10/basel_iii_should_banks_be_required_to_hold_more_capital_.html
[9] LA Times: http://www.latimes.com/business/la-fi-bank-america-harris-20111020,0,7184883.story
[10] Bloomberg: http://www.bloomberg.com/news/2011-10-19/bofa-jpmorgan-say-refund-demands-mount-for-post-bubble-loans.html
[11] Bloomberg: http://www.bloomberg.com/news/2011-10-19/sarkozy-to-see-trichet-merkel-draghi-lagarde-tonight.html
[12] TPM: http://idealab.talkingpointsmemo.com/2011/10/occupy-wall-street-demographic-survey-results-will-surprise-you.php?ref=fpa
[13] Fast Company: http://www.fastcompany.com/1789018/occupy-wall-street-demographics-statistics
[14] Reuters: http://www.reuters.com/article/2011/10/17/us-newscorp-foxbusiness-idUSTRE79G7BJ20111017
[15] Image: http://www.ritholtz.com/blog/wp-content/uploads/2011/10/image001.gif
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