My afternoon train reading (Really,its what I read on thew way home)

• MF Global for Dummies (i.e., Congress) (Peter Brandt)
• Hislsenrath: At home with Ben Bernanke (Alphaville)
• The best and worst of Wall Street 2011 (Fortune) see also Top economists reveal their graphs of 2011 (BBC News)
• Housing Bust to Look Worse With Sales Revised (WSJ)
• Gingrich Tax Plan Would Codify Lower Taxes On Rich Than On Middle Class (TPM) see also Newt Gingrich and his sleazy ways: A history lesson (Fortune)
• China-Based Hacking of 760 Companies Reflects Undeclared Global Cyber War (Bloomberg)
• The dos and don’ts of Googling people (CNN) see also Google’s 3 Top Executives Have 8 Private Jets (Tech Crunch)
• Amazon’s Kindle Fire lets kids charge up a storm (Yahoo Finance)
• Steve Jobs: Reflections on His Legacy (Wired)
• Handbook for Life: 52 Tips for Happiness and Productivity (Zen Habits)

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.

12 Responses to “10 Tuesday PM Reads”

  1. rd says:

    Are the tablets the new cell phones for kids?

    Numerous parents would get a cell phone and then be stunned by phone bills in the hundreds of dollars as their children racked up thousands of text messages and made long-distance calls.

  2. mathman says:

    How about:

    http://globaleconomicanalysis.blogspot.com/2011/12/its-so-secret-even-fed-does-not-know.html

    or

    http://jonathanturley.org/2011/12/13/criminalizing-intolerance-obama-administration-moves-forward-on-united-nations-resolution-targeting-anti-religious-speech/

    or finally, how about seeing what a bank run looks like – here’s video of Latvia:
    http://ofgoatsandmen.blogspot.com/2011/12/this-is-what-your-atm-will-look-like.html

    This Is What Your ATM Will Look Like During a Bank Panic *Video*
    From SHTFplan.com

    Thousands of Latvians lined up at bank counters and ATMs over the weekend in an attempt to withdraw their savings from Swedbank, the country’s largest banking institution.

    As rumors of imminent collapse began to build due to the bank’s reported liquidity problems in Estonia and Sweden, Latvians panicked and headed for their cash. This was the scene outside of numerous ATM’s in Latvia’s capital city, Riga: video

    Everything’s fine, keep shopping. . . (adbuster’s back page recently)

  3. NoKidding says:

    “Housing Bust to Look Worse With Sales Revised ”

    Revise the old data downward . Theres a new idea.

  4. mathman says:

    moderators ate my shit

  5. Petey Wheatstraw says:

    mathman:

    Not to worry, your latest comment is the shit! Funny!

  6. gman says:

    JPM sounds like they deserve an “inquiry” over this matter.

  7. JimRino says:

    By FAR the Most Important think you can read today, is the beginning of the Massive Methane Release in the Arctic has begun.

    http://www.dailykos.com/story/2011/12/12/1044726/-Breaking:-Bubbling–the-news-isnt-good

    The only question now is, when do we arrest the Koch’s.
    When do we start a massive shutdown of coal and tar sands.
    And, will it be enough to offset this Disaster.

  8. Petey Wheatstraw says:

    JimRino:

    I wonder what would happen if they lit a match. I have a feeling the GW debate will be settled, soon.

  9. slowkarma says:

    Of the various financial stories floating around, the fraud at MF Global is by far the most disquieting. You can survive things like housing bubbles (don’t participate) and recessions (behave conservatively) and bad markets (buy TIPS), but what do you do when a major bank steals your money from what amounts to an escrow account, and nothing is done about it?

    In our lifetimes, there were crimes called misfeasance, nonfeasance and malfeasance, all of which were thrown out by the Supreme Court on grounds that they were too nonspecific. When the crimes were still on the books, you could be charged with mismanaging a situation so badly that it amounted to a crime (misfeasance); of not doing what you were entrusted to do, in such a negligent way that it amounted to a crime (nonfeasance); or behaving so wickedly that even though you didn’t commit a specific crime like theft, your behavior was so wicked as to amount to a crime (malfeasance.)

    I’m beginning to see the usefulness of these tools. With them, Corzine would be headed to prison, because if he made a terribly bad bet, then he is responsible for the fallout of that bet, including the theft of the “segregated” funds. Corzine in a prison suit would be a bracing sight for many on Wall Street.