My afternoon train reading:
• Year-end bounce shaping up like a bust (LA Times)
• WTF? Ex-Madoff trader admits faking records since ’70s (Yahoo News)
• Lest We Forget: Why We Had A Financial Crisis (Forbes)
• Predicting the future of policy making (Credit Writedowns)
• Are Jobless Recoveries Really That Unusual? (AOL Jobs)
• Map: How Occupy Wall Street Chose Zuccotti Park (New York)
• These Tiny Boats Will Change How We Understand The Ocean (Co.Exist)
• iPhone 4S is a convincing upgrade – just ask Siri (Sun Times) see also Apple iPhone 4S: Thoroughly Reviewed (AnandTech)
• Study Shows Fox News Viewers Less Informed on Major Stories (The Slatest)
• Woody Allen: Manhattan Moviemaker Mystery (Chicago Sun Times)
What are you reading?
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Flashback to August for Stocks Debt Drama
Source: Flashback to August for Stocks
WSJ, November 21, 2011
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.
Can’t wait to hear the deniers refute the Fox news study.
Love this from the button down George Will:
Gingrich’s is an amazingly efficient candidacy, in that it embodies almost everything disagreeable about modern Washington. He’s the classic rental politician. People think his problem is his colorful personal life. He’s gonna hope people concentrate on that, rather than on, for example, ethanol. Al Gore has recanted ethanol. Not Newt Gingrich, who has served the ethanol lobby. Industrial policy of the sort that got us Solyndra – he’s all for it. Freddie Mac, he says, hired him as a “historian.” He’s not a historian. Hire Sean Wilentz, hire Gordon Wood if you want a historian.
Via Boing Boing:
http://www.nakedcapitalism.com/2011/11/an-open-letter-to-the-winter-patriot.html
Internal conquest- that’s the new game. And everybody gets to play whether they want to or not.
This morning’s revealing Manchester Guardian editors’ interview with Newtrich got me chasing down the YouTube rabbit-hole for more quotes from this fanatic and up popped speeches by none other than Ayn Rand.
http://www.amazon.com/Goddess-Market-Rand-American-Right/dp/019983248X/ref=sr_1_4?ie=UTF8&qid=1322000307&sr=8-4
BTW: Was amused to discover that the ideological goddess’ real name was Alisa Zinov’yevna Rosenbaum . Kinda like the moment I 1st discovered that Ralph Lauren’s given family name was Lifshitz.
Ain’t Wiki grand
I did see a great joke under comments to Krugman.
“Ten years ago we had Steve Jobs, Bob Hope and Johnny Cash. Now, we have no jobs, no hope and no cash”
Dow falling to 5668?
http://www.calculatedriskblog.com/2011/11/fed-outlines-new-bank-supervisory.html
Last time the Fed stress test was a little on the light side. Hope that is not the case this time.
Amazon customer reviews of Defense Technology 56895 MK-9 Stream, 1.3% Red Band/1.3% Blue Band Pepper Spray.
http://www.amazon.com/Defense-Technology-56895-Stream-Pepper/product-reviews/B0058EOAUE/ref=cm_cr_dp_all_helpful?ie=UTF8&showViewpoints=1&sortBy=bySubmissionDateDescending
http://www.nakedcapitalism.com/2011/11/haldanemadouros-what-is-the-contribution-of-the-financial-sector.html
Not an article, but has anyone else noticed the number of Bank of America TV ads have gone up a lot recently? Must have seen four in the last couple of hours. Inspiring stuff about how they took a chance on a small business that has remained loyal to them for decades.
Maybe the drive to get people to close accounts has hit a nerve.
“These Tiny Boats . . . ” link from Co. Exist is an amazing story! I hope the shark following the one in the short video is not a generic threat to these amazing “Noah’s Arks.”
Thanks Barry, and may everyone have a great Thanksgiving.
Peace on Earth.
Virtually all the Occupy Wall Street reporting brings me back to this great moment in American History thanks to the wonderful Abe Ribicoff.
[1968 Democratic Convention]
http://www.youtube.com/watch?v=KvebyWqLXeo
Woody Allen bought his Olympia portable SM-3 typewriter when he was 16, and he’s used it to type every single thing he’s written since then. “It cost me $40. The guy told me it would be around long after my death.” When he needs to cut and paste, he cuts and staples
Muddy Waters hacked after trashing Chinese new media company – http://muddywatersresearch.com/
http://blogs.wsj.com/chinarealtime/2011/11/22/focus-media-ceo-fires-back-at-muddy-waters/
If ever there was a company whose story should be verifiable with a little pavement pounding, it’s FMCN – LCD ads in highly-trafficked places in major cities. Lawsuit talk/hacking doesn’t help matters.
Diamond says tax the 1% at 70% and they will slog away.
http://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.25.4.165
http://foia2011.org/
Read it and weep.
“Talks with a Devil”, by Petr Dem’ianovich Uspenskii
Cut the war profits! Stop spending 5% of GDP borrowed from SS receipts for Chinese (national) security.
Oops, the Militray Industry Complex owns congress and is the pentagon. Buck Mc Keon tells Wolf Blitzer yesterday (I was in a car dealer waiting room) the US has to keep the cheap stuff coming from China and taking US jobs by policing the empire, all by ourselves.
How can America survive without using SS and medicare to keep China’s commerce going?
Gotta have an economy like Somalia while keeping the rich of the world safe.
“Stop spending 5% of GDP borrowed from SS ” Pension and indigent Insurance (NOT receipts) you make it sound like a for profit corporation bank account
now on GDP (Gross Domestic Product) ie: all money changing hands .. watching the POTUS on C-Span in NH & doing the mind mix with yesterdays CNBC .. I’m wondering if there is a disaster plan / a martial law plan if cash locks up … 1st thing I would suggest is a list of SS# that can stay home / don’t go to work .. your job if not performed will help the situation .. and since the office / building doesn’t open / the janitor gets a half-day shutting down the HVAC system into idle mode … people with real jobs can fly 3X faster to work to do the real work … baby step forward to a solution