My afternoon train reading:

• 13 Signs of a Bull Market (Ivanhoff Capital) see also Equities will look more attractive later in 2012 (FT.com)
Sheila Bair: Why it’s time to break up the ‘too big to fail’ banks (Fortune)
• US Online Advertising Spending to Surpass Print in 2012 (e Marketer)
• Deutsche Analyst Sounded Alarm When Asked to Alter Numbers (ProPublica)
• Four Deficit Myths and a Frightening Fact (WSJ)
Fareed Zakaria: The economic lessons the rest of the world could teach us (Washington Post)
• Confessions of a Publisher: “We’re in Amazon’s Sights and They’re Going to Kill Us” (Pando Daily)
• The Greatest Running Shoe Never Sold (Businessweek)
• The Story Behind the SOPA Blackout (MoJo) see also Why Web blackouts are working (Fortune)
• George Lucas Is Ready to Roll the Credits (NYT)

What are you reading?
>

What? — you lost money selling fatty snacks to Americans?

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 Thursday PM Reads”

  1. louiswi says:

    ref: the cartoon

    or, “who moved my cheeze?”

  2. Jojo says:

    BusinessWeek
    January 12, 2012

    Economists Evoke the Spirit of Irving Fisher
    Once disgraced, the Yale economist figured out the Great Depression

    Irving Fisher (1867-1947) was a Yale University professor, a wealthy inventor (his “Index Visible” anticipated the Rolodex), a health nut, and probably the country’s best known economist in the early 20th century. So when he said publicly–in mid-October 1929–that stocks had reached “a permanently high plateau,” panicky investors calmed down. Within a week the Dow sank more than 10 percent on its way to an 89 percent meltdown. It took 25 years for stock prices to recover. Fisher’s reputation never did.

    Now, as the U.S. struggles to rebound from the housing collapse, Fisher is winning more adherents. Stung by his failure to foresee the Crash and what followed, he spent years figuring out what happened. The prime result of his labors was the 1933 paper “The Debt-Deflation Theory of Great Depressions.”

    The bottom line: The insights of a long-dead economist explain the deep impact of high levels of debt on the economy.

    http://www.businessweek.com/magazine/economists-evoke-the-spirit-of-irving-fisher-01122012.html

  3. Iamthe50percent says:

    Fisher was a two time loser.

  4. VennData says:

    Perry Quits.

    http://www.chicagotribune.com/news/la-pn-rick-perry-stayed-in-the-raceand-why-he-left-20120119,0,6207372.story

    Not surprising that even the GOP genuflectors wouldn’t go for another dumb guy from Texas.

  5. Rightline says:

    long audio from bloomberg surveillance keene & prewitt with dennis gartman…s&p melt up to 1650 his call is at just past 1/3 of the way through… his reasoning at just past 1/2 way through…

    http://media.bloomberg.com/bb/avfile/News/Surveillance/vfpE7nr7Mu34.mp3

  6. Doofus says:

    The design of the running shoe described in the BusinessWeek article seems suspect to me. As an ultramarathoner who has been experimenting with minimalist footwear (and a few times with no footwear – on grass), the rebound of the moving walkways – the “springiness” – seems to be the wrong way to move in running shoe design.

    Of course, every runner is different.

    But the erect bipedal human form – including the exquisite biomechanics involved in the footfall and achilles-tendon powered rebound – evolved over millions of years. Without any footwear.

    Your mileage may vary.

  7. Doofus,

    Shhh…don’t tell the Kids..

    “But the erect bipedal human form – including the exquisite biomechanics involved in the footfall and achilles-tendon powered rebound – evolved over millions of years. Without any footwear.”

    if NKE paid them–to be able to Tattoo a ‘Swoosh’ on their instep–what would that do to their Slave-powered Sweatshop (re: Manufacturing) ‘Revenue-Model’ ?

  8. as an add-on..

    dawned on me that..

    “But the erect bipedal human form – including the exquisite biomechanics involved in the footfall and achilles-tendon powered rebound – evolved over millions of years. Without any footwear.”

    gives another (better?) meaning to “Better Naked, than Nike!” ;)

  9. thetruthseeker says:

    At the end of the day, everything that you and others on this website talk about come down to whether or not you believe that a small group of intelligent people can make a better system for us, or whether or not you believe in individual rights and the ability of people to determine their own destiny. You and I agree in that I do not necessarily believe that every person will help us create a better society. However, what is better, a reality in which people are able to determine their own destiny, no matter where it leads? Or a world in which a select group of so-called “enlightened ones” tell us how to live? As for me, I will choose the path of individual liberty and people being allowed to follow their own path. It is better to live on one’s feet, than to die on one’s knees. And no, we will not live forever, so buck up and make this place better for every other. This is my libertarian rant for today, against what I perceive to be the Progressive philosophy. No harm, no foul.

    “The aim of argument, or of discussion, should not be victory, but progress.”
    -Joseph Joubert

  10. lordonlow says:

    THE TAR KINGS

    With Jerry Yang’s departure from Yahoo! it’s striking to consider the way the company was not so long ago positioned as the kings of the Net.

    I remember when in 2001 Yahoo! made a fateful decision: they hired Terry Semel. Most don’t know who Semel is, but I can remember thinking, “That’s weird, he’s old media, but Yahoo!’s new media.”

    It reminded me of Apple’s — Jobs’ really — fateful wooing of John Sculley, who came from Pepsi. But Apple wasn’t the king like Yahoo! was. Not by that time.

    Meanwhile, a “little” search engine named Google was simultaneously licensing search to Yahoo!, and Yang (and Filo) even nudged Semel to buy Google. To their credit, they basically said no.

    But Page & Brin & Google did something basic and ultra important that has lessons, particularly for America post EM08 (Econ Meltdown 08); they innovated. Just as importantly, they didn’t go out and recruit some hotshot superstar CEO from old media.

    Then they leapfrogged over Yahoo! and everyone else.

    This basic lesson is not new; Toyota (and Honda) did it over the Godzillas of auto. NIKE did it over the King Kong of shoes, adidas. [sic] And anyone seen a Blockbuster recently? Ask Netflix’s Reed Hastings about that. Even socialized businesses like the post office don’t seem to understand history, even in the face of FedEx and email. In fact, it was well over two years as I recall after FedEx came on the scene that the post office even entered the next day delivery space. Talk about dinosaurs. As NIKE legend and employee #1 Jeff Johnson says, “They just didn’t get it.” Purdy much.

    What we are witnessing is, in lesson, not different from history. It IS history made part deus. And trois. It is evolution writ real, and we are literally watching the dinosaurs slink in and sink into the La Brea tar pits.

    And the dinos have no one to blame but themselves, TWICE for those who had shareholders that got jacked in the process. THRICE for all of the employees who lost jobs, and families that depended upon that income.

    So you see, the law of unintended consequences extends to what you *don’t* do, as well.

    And, no no no, just being big is no guarantee, ask Kodak. But it does raise the question; why was Kodak, a venerable American company and huge employer (it literally *was* Rochester and vice versa) not given a welfare bailout, but Chrysler (twice!), GM, not to mention the banksters and AIG were? Blockbuster, Borders… they must have had *thousands* of employees. Why are *some* companies given welfare and others not? This is dangerous ground, morally, ethically and logically. Not to mention from the standpoint of fairness and justice. (For the record, NONE of them should have received welfare, but that’s another very worthy discussion).

    But then again, for a nation founded upon the largest genocide induced land grab in history, since when has it *ever* been about fairness and justice…? To paraphrase a street saying, if it’s the 1% talking, it’s about “just us”.

    Even to the point of extinction.

  11. JimRino says:

    I’ve always thought Twinkies where the worse “food” on earth.
    I never understood why that company was EVER a success.