My reads to start the day:

• Wall Street Revenue Falls as ‘Year to Forget’ Ends (Bloomberg) but see Investors hope for a Santa Claus rally as Dow soars 337 points (LA Times)
• BoJ downgrades view of Japan’s economy (FT.com)
• Europe could face “unprecedented” finance risk in early 2012 (Washington Post) but see Banks May Flock to ‘Free Money’ as ECB Awards 3-Year Loans (Bloomberg)
• Unwelcome First Looms for Gross (WSJ)
• Big Developers Dabble in Apartment Market (WSJ)
• As Jon Corzine’s EU Trades work out, MFG’s trouble only gets worse:
…..-MF Global Told CME It Used Customer Funds (Bloomberg)
…..-MF Global Transfer Draws Scrutiny (WSJ)
…..-E-Mail Clues in Tracking MF Global Client Funds (DealBook)
• As Occupy D.C. movement grows, so does tension (Washington Post)
• Income inequality in the Roman Empire (Per Square Mile) see also Revealed: huge increase in executive pay for America’s top bosses (Guardian)
Interesting profile: For Gingrich in Power, Pragmatism, Not Purity (NYT)
• Twitter by Post (The Morning News)

What are you reading?

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We’re Gonna Need A Bigger Boat!

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.

10 Responses to “Mid-Week AM Reads”

  1. Uchicagoman says:

    Maybe you already noted this, but o well:

    Barry you like music, right?
    And Paul Krugman,of course, right?

    Well, the Nobel laureate helps the “rock doctors” in this radio/podcast for WBEZ Chicago:

    http://www.soundopinions.org/shownotes/2011/112511/shownotes.html

    Happy Hanukkah!

  2. b_thunder says:

    NAR inflated home sales by 14% from 2007 through 2010, and 15% in 2011

    http://blogs.wsj.com/economics/2011/12/21/realtors-lower-2007-2010-home-sales-estimates-by-14/

    This will likely “make BR’s day”

  3. JerseyCynic says:

    ***theatlantic.com/international/archive/2011/12/a-photo-that-encapsulates-the-horror-of-egypts-crackdown/250147/***

    There are no words…

  4. Mike in Nola says:

    Wall Street has no shame. Instead of a perp walk, Edith O’Brien who transferred MF customer funds to JPM has a job working for the trustee. Her pay should be no indictment if she gets all the money back.

  5. formerlawyer says:

    Immigrants Founded Half Of Top U.S. Start-Up Companies

    http://www.huffingtonpost.com/2011/12/21/immigrants-startups_n_1162590.html?ref=business

    From the original report,

    “Executive Summary
    Immigrants are increasingly important in driving growth and innovation in America, as evidenced by the role played by foreign-born founders and key personnel in the nation’s breakthrough companies. Immigrants have started nearly half of America’s 50 top venture-funded companies and are key members of management or product development teams in almost 75 percent of our country’s leading cutting-edge companies. The research finds that among the top venture-backed companies, immigrant founders have created an average of approximately 150 jobs per company in the United States.
    The research involved conducting interviews and gathering information on the top 50 venture-funded companies in the United States, which were ranked in 2011 by the research firm VentureSource based on factors that included company growth, (successful) track record of CEOs, founders and investors, and capital raised. The companies, all privately-held and with the potential to become publicly traded on the stock market in the years ahead, are today each valued at less than $1 billion and have received venture capital (equity) financing within the past three years, an important indicator of the promise seen by investors.
    The research finds that 46 percent, or 23 out of 50, of the country’s top venture-funded companies had at least one immigrant founder. This illustrates the increasing importance and contributions of immigrants to the U.S. economy. A 2006 study conducted with the National Venture Capital Association identified an immigrant founder in 1 in 4, or 25 percent, of publicly traded venture-backed companies created between 1990 and 2005.”

    see:
    http://www.nfap.com/pdf/NFAPPolicyBriefImmigrantFoundersandKeyPersonnelinAmericasTopVentureFundedCompanies.pdf

  6. VennData says:

    China Hackers Hit U.S. Chamber

    The Chamber continues to see suspicious activity, they say. A thermostat at a town house the Chamber owns on Capitol Hill at one point was communicating with an Internet address in China, they say, and, in March, a printer used by Chamber executives spontaneously started printing pages with Chinese characters…”

    http://online.wsj.com/article/SB10001424052970204058404577110541568535300.html

    Can imagine all these puffed up, fill-of-themselves, overpaid execs trying to figure out how to turn the printer off?

  7. AHodge says:

    Ken Rogoff FT
    Eurozone will cast a lengthening shadow
    including QUOTE upshot of the latest EU negotiations seems to be that private sector burden-sharing is off the table for everyone but Greece. This is an absurd position if there ever was one. A system that does not allow for bankruptcies is no system at all. UNQUOTE

    its only absurd in an alternate logical financially functioning universe–not our reality

  8. AHodge says:

    Euro officials including Van Rompuy have turned writedowns into an incomprehensible acronym PSI.
    and said the markets dont like it when we talk about PSI. So can’t have that (private sector involvement)

  9. Jojo says:

    The goofiest gifts from the SkyMall catalog
    http://digitallife.today.msnbc.msn.com/_news/2011/12/15/9460129-the-goofiest-gifts-from-the-skymall-catalog

    Secrets of the ‘Levitating’ Slinky Explained
    Ben P. Stein, Inside Science News Service
    Date: 21 December 2011
    http://www.livescience.com/17591-physics-levitating-slinky-explained.html

  10. DeDude says:

    The essence of privatizing; take public money and hand it over to private companies so they can earn big fat profits.

    http://money.cnn.com/2011/12/22/markets/medicare_stocks/index.htm?source=cnn_bin