You can either stare at the red on your screens, or you can read these:

• A Month to Remember for Markets (WSJ) but a week to forget so far!
• Markets Slide After Surprise Referendum Is Set by Greece (NYT)
• Hong Kong Home Prices May Fall 45%: Barclays (Bloomberg)
• One Analyst Is Detailing His ‘Fight’ (WSJ) see also  6 things no one will tell you about MF Global (Market Watch)
• Corzine Crashes Like It’s 2008 (NYT) see also It’s Lonely Without the Goldman Net (DealBook)
• Japan: Damaged reactors at nuclear plant could take 30 years to retire (CNN)
• Bloomberg Tech 2 fer
…..-Groupon IPO a Must as Cash Needs Climb With Investor Tally: Tech (Bloomberg)
…..-Yahoo Said to Lean Toward Dividend, Buyback Rather Than Sale (Bloomberg)
Kahneman: How cognitive illusions blind us to reason (Guardian)
Today’s WTF headline: Ferrari sees ‘one of best years’ despite downturn (AFP)
• My One Year Blogiversary – What I’ve Learned (James Altucher)

What are you reading?

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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.

9 Responses to “10 Tuesday AM Reads”

  1. herewegoagain says:

    The majority of Greeks seem to oppose the austerity measures.
    Papandreou’s national referendum shifts the responsibility of making the tough decision to the electorate.
    The electorate rejects to EU plan, and the Greek economy buckles.
    Papandreaou gets to say, “I favored the EU plan, but I believed more in democracy.”
    And less directly, “I told you so.” This seems to be The Age of Gutless Politicians.

  2. By the troika’s own admission (the leaked assessment doc of 2 weeks ago), the medicine isn’t working. So who can blame Greece for taking a page out of the Occupy Wall Street handbook? http://bit.ly/uBk7Pa

  3. deanscamaro says:

    “Today’s WTF headline: Ferrari sees ‘one of best years’ despite downturn ”

    Ferrari has always and will forever be sold into the “1%” group. The “1%” In the U.S., are the ones who have gotten richer, so this is just a verification in support of that data point…..the rich have just gotten richer. They are above any economic problems the groveling masses might be experiencing.

  4. SkepticalOx says:

    http://www.foreignpolicy.com/articles/2011/10/28/black_market_global_economy?page=0,0

    “Shadow Economy” worth around $10 trillion and employs 50% of workers globally, and OECD estimates that this will increase to by 2/3 of all global workers by 20/20. Fascinating read!

  5. formerlawyer says:

    For more on Ferrari and other luxury brandnames fortunes, see:

    http://www.bloomberg.com/news/2011-09-14/ferrari-proves-recession-proof-as-ultra-luxury-sells-out-cars.html

    The money quote:

    “The rich have gotten richer and the number of millionaires in emerging countries is really growing so the demographic trend is very positive” for the ultra-luxury carmakers, said Erich Hauser, a London-based Credit Suisse automotive analyst. “Things would have to get very nasty before they face a problem.”

  6. Ramstone says:

    Guess who’s joining the Blame Frannie chorus

    http://www.politico.com/news/stories/1111/67340.html

  7. Joe Friday says:

    Indeed.

    I saw this morning that Mayor Bloomberg was at it again. Looks like he’s joined the Wrong-Way Rough Riders of the American RightWing.

    How can one man get so many facts and so much history wrong, all in just one speech ?

    It’s breathtakingly STOOPID.

  8. Jojo says:

    Nowadays, if I were one of the lucky 1% riding around in my Ferrari, I’d want to bring a guard car following to ensure my Ferrari didn’t get keyed.

  9. willid3 says:

    yup. seems like we know some one that could straighten him out too