Some belated morning reads (blame Anna for partying too late on a school night!):

• Very slow growth 2012 then long bear to 2020 (Market Watch)
• BofA Warned to Get Stronger (WSJ) see also ‘Lazy’ Banks Make Sense (WSJ)
• EU/ECB Two-fer:
…..-Why the ECB Won’t (and Shouldn’t) Just Print (Hussman Funds)
……-Johnson: Deutsche Bank Could Transfer Financial Contagion (Bloomberg)
Baum: Supercommittee Fails to Identify Even Bogus Cuts (Bloomberg)
• Economic inequality is growing, a Fed blog says (LA Times)
see Fed Study: Job Polarization in the United States (Fed NY)
• Debtor Arrests Criticized (WSJ)
Tavakoli: MF Global Revelations Keep Getting Worse (Jesse’s Cafe Americain) see also Legal Stealing  Infamous CFTC Rule 1.29 (The Golden Truth)
• Apple May Have Won The PC War… By Losing The Windows Battle (Tech Crunch) see also The MacBook Pro Shrinks, iPad And iPhone Grow (Tech Crunch)
• Separating You and Me? 4.74 Degrees (NYT)
• Top 10 Things We Learned about David Letterman in Rolling Stone (Parade)

What are you reading?


Via Indexed

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.

25 Responses to “10 Tuesday Reads”

  1. pc says:

    From the WSJ

    …”There is enough money for another 20 days,” a senior Greek government official said. “Without the loan tranche we will default on the EUR2.8 billion bond payments in December and we won’t be able to pay out salaries and pensions. The situation is very serious and this issue has to be settled this week.”…

  2. pc says:

    EU banks repatriating huge amounts of money

    …Cumulative net portfolio inflows to the euro’s 17 member countries in the 12 months to September were a whopping 335 billion euros — more than 300 billion euros higher than the previous 12 months…

  3. VennData says:

    Caroline Baum hypervenalates “It took “12 good people,” as supercommittee co-chairman Jeb Hensarling referred to them, three months and countless hours to produce … nothing”

    Uhh…. Taxes have just been raised back to the Clinton rates for everyone. And $1.2T in cuts over ten years to… are you sitting down… MEDICARE and DEFENSE.

    Only in Baum-land does $1.2T in cuts and trillions in tax hikes equal nothing.

    Thanks for the astute observation.

  4. Mike in Nola says:

    Delusions of grandeur among the fanbois always amaze me. After a decade of allegedly miraculous growth, Macs make up 7-8% of the market. But they still won.

  5. Mike in H-town,

    right? could you imagine what may have been accomplished–with all those ‘man-hours’ devoted to “m-AAPL-bation”–instead?

    “Distribution-Top”, anyone?

    P/S 3.17 — Cheap! as if..

    The Labor Department today announced that it had approved Trade Adjustment Assistance for the former employees of the bankrupt solar panel maker Solyndra.

    That means all of the firm’s 1,100 ex-employees are eligible for federal aid packages, including job retraining and income assistance. The department has valued packages at about $13,000 a head.

    Taxpayers will have to cough up yet another $14.3 million as a result of Solyndra’s bankruptcy. They are already on the hook for $528 million in federal loan guarantees to the company that are unlikely to ever be paid back.

    The department’s decision also bodes well for a trade complaint made against China by a coalition of domestic solar panel makers. The request for the TAA was based on the claim that Solyndra failed because China was underselling U.S. manufacturers. By granting the assistance, the Labor Department has indicated it believes those charges have at least some merit.

    The announcement was made quietly today by the DOL’s Employment and Training Administration on its website. The decision was reached Friday.

    There was some confusion regarding the decision, which was posted on the DOL website accidentally this morning before the official announcement. A department spokesman told Capital Hill that a programming error was the cause. DOL briefly pulled the information, but has reposted it.

    The TAA request was first made on Sept. 2, just days after Solyndra went bankrupt. The Alameda County Workforce Investment Board, a public-private group that aids in job retraining programs, made the request on behalf of the employees.

    “We are very pleased,” said Patti Castro, interim director of the board. “These workers are highly skilled but they need the retraining available through this.”…

  6. ToNYC says:

    The College value chart points the way to the next trade in Z Park; make local networks to help people connect with their authentic dreams. Creative destruction of what was once the Corporate Systems’ work; into the real work one finds unattended and otherwise ignored until one’s awakening, day by day.

  7. howardoark says:

    Hey, I’ve been gone for a couple of days – how did that bull flag work out?

  8. wj says:

    If financial assets go down the tubes, maybe that will solve the economic inequality issue…….making us all poor as dirt.

  9. BR,

    what about you, on Max Keiser?

    thank Jesse` for the link..

    BR kicks in @ 13:00 ..

  10. Grego says:

    reposted from last “what are you reading”, because I get up earlier than you do. xkcd does money:

  11. Taliesyn says:

    This published on 11/20/2011
    Speaks for itself bona fide w/ zero liberal media calories.

  12. csainvestor says:

    Six years ago, tuition at University of California was $5,357.
    Its currently at $12,192.

    There are plans to increase it to $22,068 by 2015.

    Half of ALL working Americans make less than $27,000 a year.

    There was an excellent article in the NYT recently about the near poor. While 27k is officially above the poverty line, you better hope you don’t need to pay for medical, food or tuition or rent…

  13. Jojo says:

    Can’t afford to retire in the US? There’s always Panama
    By Bob Sullivan

    Carol Denne and her husband Larry both worked government jobs for decades, but as they entered their late 50s, Larry’s fast-shrinking 401(k) account and Carol’s modest pension pointed to one stark reality: Retiring with dignity in their Philadelphia suburb would be impossible. In fact, Carol ran the numbers over and over and came to the conclusion that retiring anywhere in the U.S. was unrealistic.

    “Either my husband was going to have to work until he died, or we were going to have to leave the country,” she said. “He’d been working since he was 15, and that was long enough. So we left.”

    So four months ago, Carol and Larry departed the U.S. — leaving behind their four children and five grandchildren — and moved to a mountain village in Panama.

  14. AHodge says:

    Shorted DB early yest partly on simon j’s trashing of them. Out then. Was looking for
    Overval short candidates even if bailed. The german national bank bailing may be stricter than others
    Always love simon johnson

  15. herewegoagain says:

    Has anyone else noticed that the OCCUPY WALL STREET banner on the site is down?

    Technical problem or a change of heart?

  16. mathman says:

    Did you see this? You live in a highrise and your car is corkscrewed up to your freakin’ front door (Leonardo would be so proud):

    sorry, just thought it was cool.

    @herewegoagain: As far as i know BR explained that putting the banner up requires additional time he doesn’t always have , so sometimes it may be missing. He’s come out in support of them as have many of us here.

    @Mark E. Hoffer: Thanks for the Keiser link to the interview.

    here’s a German “solution” to the Euro crisis:

  17. ToNYC says:

    at UC Davis, you learn the rules for the children of the baby boomers:

    The following figures are rather interesting: In 1956 the fee at the University of California for a semester was $42 or $84 a year; in 1957 the fee went to $50 per semester or $100 a year; in 1958 it went to $60 a semester or $120 a year; in 1962 it went to $75 a semester or $150 a year; in 1964 it went to $110 a semester or $220 per year: and in 1968 it went to $107 a quarter or $160 a semester for a total of $320 per year.

    Fees, as between 1957 and 1970, increased, therefore, from $84 to $320, which means that they have increased four hundred percent, which is certainly much greater than inflationary increases over that period of time.

    The Regents acted on February 20 to provide for an increase in the admission fee for 1970-71 over present levels in the amount of $150 a year or $50 a quarter, which means that the fee will be $320 plus $150—about $470 per year. In 1971-72 the fees will go up an additional $150 and reach the neighborhood of $600, having doubled over a two-year period. This is for undergraduates. Because of Reagan amendments to the modified Hitch proposal, graduate students will pay an additional amount which will be $180 the first year and $360 more the second year, which means grad students will be paying in 1970-71 about $480 per year and in 1971-72 about $660 per year.

    This was before August 15, 1971 and Nixon was establishing the EPA in April, 1970, time of the first Earth Day.

  18. herewegoagain says:

    @mathman, Thanks for responding. Glad to hear there’s been no change.

  19. streeteye says:

    Some Apple stats -higher revenue, higher net income, higher market cap, higher growth than MSFT

    Apple’s revs from Mac are similar to Microsoft’s revs for Windows, and Apple has a good shot at being the largest PC manufacturer in the world next year -

    But of course, the reason Apple won is they lead the mobile/cloud platform, and that’s where the future is.

  20. ToNYC says:

    But of course, the reason Apple won is they lead the mobile/cloud platform, and that’s where the future is.

    If you agree with the idea of Brian Greene’s Multiverse and that Past, Present , Future are co-existent in perhaps “only” perception or recognition, then Apple’s lead may be still in the Now’s Future but not necessarily the Future’s Future. Closed systems always lose after the shine is gone…. as in a Law of Nature.