My afternoon train reading:

• 20 Truths About the Stock Market (Ivanhoff Capital)
• The Long Shadow of German Hyperinflation (Bloomberg) see also Merkel’s Path: Brinkmanship for Debt Crisis (NYT)
• Equities and Basel III’s Liquidity Requirements (Economics of Contempt)
• Jed Rakoff’s Rules of Order: Maverick Justice ? (NY Observer)
• Are tech CEOs being too conservative? (Fortune)
• Congress Discusses Enacting Stricter Insider-Trading Laws (NYT) see also The Battle Over Too-Big-to-Fail Continues (WSJ)
• Outrage Grows Over Air Pollution and China’s Response (NYT)
• Geekfest two-fer:
…..-Browse vs. Search: Which Deserves to Go? (Ask Tog)
…..-Kindle Fire Usability Findings (Use It)
• Never-Wrong Pundit Picks Obama to Win in 2012 (US News)
• On the impracticality of a cheeseburger. (Waldo Jaquith)

What are you reading?

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.

11 Responses to “10 Mid-Week PM Reads”

  1. rktbrkr says:

    Multiple European rescue funds proposed!

    Just when it looked like the current system was Too Confused To Succeed (TCTS) we get another fund proposal.

    It’s the Euro bailout version of 3D checkers.

  2. swag says:

    Philip Pilkington: Libertarianism and the Leap of Faith – The Origins of a Political Cult

    also, “New York Times columnist Thomas Friedman’s metaphorical pile-ups, hollow analyses, and factual inaccuracies have garnered him three Pulitzer Prizes, and frighteningly unchecked power.”

  3. Joe Friday says:

    Is this guy crazy or am I missing something ?

    The Most Important Trend In Housing Is Signaling A Recovery And No One Is Talking About It


    He says, “We are particularly intrigued by the inability of distressed sales to drag down non-distressed pricing

    That would be news to the neighborhoods with a number of foreclosures that have seen the value of their homes decline.

  4. new slang says:

    I find it absolutely hilarious that B of A advertises on this site.

  5. JerseyCynic says:

    Joe Friday – do you think the recent surge in short sales are skewing these “trends”? The last few people I came in contact with that recently purchased property were all acquired via short sales. When I was selling real estate, most agents went out of their way to avoid these. Now it seems to be the way to go — for everyone involved.

  6. formerlawyer says:

    Even the Wall Street 0.01% are complaining about how “unfair” their treatment is.

    But Joe Palermo has a smackdown on this ass-hat.

  7. Joe Friday says:


    do you think the recent surge in short sales are skewing these ‘trends’? The last few people I came in contact with that recently purchased property were all acquired via short sales.

    Kim is claiming just the opposite, that “distressed” housing (REO sales, foreclosure sales, short sales) is no longer impacting non-distressed housing.

    Of course, he also thinks there has been a “stabilization” of unemployment just because the national labor force shrank.

  8. ThreeFold Commonwealth says:

    Thanks for the Trading Rules revisit and the new ones. Happy Holidays.

  9. JerseyCynic says:

    Well Joe – When the majority of sales in an area are foreclosures and short sales, what’s an appraiser to do?

    Four States Consider Legislation Barring Distressed Sales as Comparables (Illinois, Maryland, Missouri and Nevada)

    So now the realtors, along with the bankers, are dictating the markets?? UFB

    If you don’t like the numbers, just lobby for new legislation — that will fix it!

    “distressed” housing is now in direct competition with “traditional” sales.

    Good luck buyers– PLEASE wise up this time around.

  10. mathman says:

    The BIG “picture”:

    Thursday, December 8, 2011
    “Was Dominique Strauss-Kahn Trying to Torpedo the Dollar?

    This article was written back in May, but I find it to be a plausible explanation which ties together just a few loose ends….if you mess with the dollar, they mess with you, just like they did with Strauss Kahn, Saddam, and Gadaffi…It also might explain why the gruesome death of Gadaffi was televised so blatantly all over the world: as a message to anyone who threatens to rock the ‘U.S. Dollar boat’, this is what you get.”

    and further down:

    “We are watching unfold a financial war of unprecedented scale; whereas the economic situation of the United States is unstable and the dollar could quickly become a worthless currency, the agreement concluded at the G8 and endorsed by the G20, implemented by the IMF in coordination with the World Bank and the international banking milieu whose champion was DSK, is now suspended. The domination of the dollar is intact though more than ever artificial; this dollar that the emerging nations wanted to marginalize, but upon which the US-Israeli military-industrial complex bases its power.”