Here is your afternoon train reading:

• Buybacks Surge as S&P 500 Trades at Discount (Bloomberg)
• Could India Go the Way of Greece and Italy? (The Street)
• Supreme Court to hear dispute on health care law (USA Today)
• Investor anthropology and the hegemony of technical analysis (Interloper)
• Spotlight Fixed on Geithner, a Man Obama Fought to Keep (NYT) see also The Wonk Who Slays Washington (Daily Beast)
• Jeff Bezos Owns the Web in More Ways Than You Think (Wired)
• Neanderthal Neuroscience (Discover)
• The Quiz Daniel Kahneman Wants You to Fail (Vanity Fair) see also The Backfire Effect (You Are Not So Smart)
• New Documentary Says Gulf Oil Spill Crisis Isn’t Over (Forbes)
• Monoculture: How Our Era’s Dominant Story Shapes Our Lives (Brain Pickings)

What are you reading?

>

hat tip Demographic of One

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.

13 Responses to “10 Monday PM Reads”

  1. streeteye says:

    50% chance of US recession on European weakness – SF Fed paper
    http://www.reuters.com/article/2011/11/14/us-usa-fed-recession-idUSTRE7AD1PR20111114

    Mechanics of contagion of Euro troubles to US – trade, asset prices, credit crunch
    http://economix.blogs.nytimes.com/2011/11/14/the-euro-zone-crisis-and-the-u-s-a-primer/

  2. streeteye says:

    BTW India’s debt to GDP is around 50%, they have their own central bank, not a very useful comparison to Greece or Italy… economy is running hot, different demographics, different competitiveness, different problems.

  3. Futuredome says:

    Yeah, but Chindia is a big reason for the global oil spike. It came right when production was dropping off and couldn’t cover their massive increase in demand. Creating the illusion of inflation back west after the credit boom ceased.

  4. VennData says:

    Warren Buffett bought IBM and Intel. Two “tech value” plays…

    Notice how he didn’t buy Microsoft? Now Bill Gates board position at BRK, but… makes you think about the long-term viability of a company that copies others.

  5. Jojo says:

    Email voyeurs are everywhere, as mayor finds out the hard way
    By Bob Sullivan

    An amazing tale of political corruption and breach of trust has arrived courtesy of scandal-ridden Hoboken, N.J., in case you needed a reminder that electronic voyeurs of many stripes might be reading your email. The town’s information systems specialist allegedly set up a system to intercept all email going to or from Hoboken’s mayor, and apparently made copies of the private notes for potential political opponents. The news was first reported in Hoboken’s Patch.com Web site.

    It’s an open secret among IT workers that many find casually snooping on co-workers’ emails just too tempting. In a 2008 survey conducted by security firm Cyber-Ark, one in three “senior IT professionals” said they’d spied on co-workers’ email. This year, Cyber-Ark asked a slightly different question: “Have you ever used an administration password to access information that is otherwise confidential or sensitive?” One in five North American respondents said they had, as did one in three in Europe, the Middle East, and Africa.

    It’s hard to imagine a more sensitive example of IT data snooping than the Hoboken e-spying incident alleged by federal prosecutors.

    http://redtape.msnbc.msn.com/_news/2011/11/11/8757028-email-voyeurs-are-everywhere-as-mayor-finds-out-the-hard-way

  6. A says:

    HEADLINE: Deficit Reduction Deal Looming

    It will come at the last possible minute, since members of congress need the time to plan their insider trading.

  7. Bill in SF says:

    Re: The Wonk Who Slays Washington
    “Congress is getting rich off Wall Street, and Peter Schweizer won’t stop until everyone knows it.”

    After reading this and watching the 60 Minutes piece, this Leonard Cohen song comes to mind…

    http://www.youtube.com/watch?v=GUfS8LyeUyM

  8. [...] Ritholtz, an extensive report by Geri Miller at Forbes says that the remnants of the Deepwater Horizon rig [...]

  9. Julia Chestnut says:

    I don’t know where you get these images, but that poster is awesome! Somebody even looked up what a vampire squid actually looks like — and put a monocle on it. Nice.

  10. Greg0658 says:

    VennData check BRs video tab .. Warren addressed that today* .. since BGates and him are tight friends he will never buy Microsoft out of fear of being labled an insider trade for him & Bill

    * probably dissected into manageable bytes – but CNBC usually has almost all of their stuff (DVR like)

  11. pc says:

    From OECD…

    Composite leading indicators (CLIs) for September 2011, designed to anticipate turning points in economic activity relative to trend, continue pointing to a slowdown in economic activity in most OECD countries and major non-member economies.
    Compared to last month’s assessment, the CLIs point more strongly to slowdowns in all major economies. In Japan, Russia and the United States the CLIs point to slowdowns in growth towards long term trends. In Canada, France, Germany, Italy, the United Kingdom, Brazil, China, India and the Euro area, the CLIs point to economic activity falling below long term trend…

    http://www.oecd.org/dataoecd/14/27/49028266.pdf

  12. JerseyCynic says:

    “Wow! Wowie-wow-wow-wow!”

    APEC World Leaders Dinner Gets Occupied
    Within secure zone, musician sings on behalf of the many
    http://www.yeslab.org/APEC

    Honolulu – A change in the programmed entertainment at last night’s Asia-Pacific Economic Cooperation (APEC) gala left a few world leaders slack-jawed, though most seemed not to notice that anything was amiss.

    During the gala dinner, renowned Hawaiian guitarist Makana, who performed at the White House in 2009, opened his suit jacket to reveal a home-made “Occupy with Aloha” T-shirt. Then, instead of playing the expected instrumental background music, he spent almost 45 minutes repeatedly singing his protest ballad released earlier that day. The ballad, called “We Are the Many,” includes lines such as “The lobbyists at Washington do gnaw…. And until they are purged, we won’t withdraw,” and ends with the refrain: “We’ll occupy the streets, we’ll occupy the courts, we’ll occupy the offices of you, till you do the bidding of the many, not the few.”………

  13. lunartop says:

    RSA Podcast The Darwin Economy

    http://www.thersa.org/events/audio-and-past-events/2011/the-darwin-economy

    “Influential economist Professor Robert Frank argues that Charles
    Darwin’s understanding of competition describes economic reality far
    more accurately than Smith’s, and that within the next century Darwin
    will unseat Smith as the intellectual founder of economics. “