Some interesting reads to start your morning:

• Senate clears way for vote on insider-trading ban (Associated Press)
Hindsight Bias and Spurious Correlations: Why Wall Street is rooting for the Giants (Market Watch) (not cause they are the local home team?)
• Sarkozy’s German fixation (The Economist)
• Short China: Its commodities bubble is set to pop (Market Watch)
• Europe’s new fiscal pact raises hopes (FT.com) see also EU Nears Greek Confrontation Amid Fiscal Pact (Bloomberg)
My boi Chris Whalen gets the full Dealbook profile: New Fund Hopes to Prove Thesis of Outspoken Analyst (DealBook)
• Munis Cruise Through a Scorching January (Institutional Risk Analytics)
• Facebook’s Yahoo! Patent Problem (The Street)
• 5 reasons why Florida’s primary matters more than SC (Tampa Bay)
• Why the Clean Tech Boom Went Bust (Wired)

What are you reading?
>

Source: WSJ

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 “10 Tuesday AM Reads”

  1. tyaresun says:

    How does one short China. Don’t say FXP, that is a joke.

  2. Petey Wheatstraw says:

    Lord have mercy, I do believe another poorly thunk-out conservative policy has come full ’round to bite them in the ass:

    http://www.kansascity.com/2012/01/29/3398940/kansas-agriculture-secretary-seeks.html#storylink=cpy%23storylink=cpy

    Related: funny how certain brands of “capitalism” fail when they have no workers to exploit.

    Like Augustus ranting against the loss of his legions at the battle of the Teutoburg forest, it seems Kansas Republicans have taken to wandering the halls of their Capitol screaming, “Give us back our Mexicans!”

  3. Francisco Bandres de Abarca says:

    Since it is nearly universally fashionable to have one’s underwear in a bind over HFT, here’s this recent story:

    http://www.institutionalinvestor.com/Article/2967624/More-Asset-Classes-to-See-High-Frequency-Trading.html

    In other reads, I see that Russian Deputy Foreign Minister Gennady Gatilov is concerned that the recent UN push to adopt the proposed resolution on Syria could push that country into civil war. Congratulations, Gennady Gatilov! You have won the Francisco Bandres de Abarca ‘Late Call’ Gold Star Award for today. Of course, the Russians are still selling and sending arms into the Assad regime’s citadel, so perhaps Moscow has it’s own concerns about a possible revenue pipeline arrangement collapsing.

    And what’s this news about Afghan President Hamid Karzai, recently in London, speaking of holding peace talks in Saudi Arabia with the Taliban? Not a fresh development, really, but one can’t help but wonder if he was shopping for real estate agents while he was in town.

  4. Arequipa01 says:

    http://www.forbes.com/sites/gordonchang/2012/01/29/why-are-the-chinese-buying-record-quantities-of-gold/

    Chinese buying gold! Oh no!

    BTW, where do all the gold buyers/agents in Nazca, Peru come from? Hmm, Nazca, Marcona is a district of Nazca, right? Right. What’s in Marcona? Hmmm, a bunch of mistreated iron mine mine and mill laborers? Who owns the mine? Hmmm, Shougang I think. Where do they ship their stuff? Umm, China?

    As an aside, where does all that gold in Nazca come from. Yo no sé…Madre de Dios…mmm…okay. You know who controls informal gold mining in Madre de Dios (Mazuco)? No. Gregoria Casas. No te creo. Sí, they call her ‘la reina del oro’. Cool. No, it gets better. She has a tail. A tail? Exactly, and people believe she has a ‘pacto con el diablo’…of course, what they don’t know is that the devil lives in Lima.

  5. rd says:

    By the time the House votes on the insider trading and the conference resolves the differences between the two versions of the bill, Obama will sign a bill that bans Congressional insider trading on everything except actual trades.

  6. rd says:

    Petey Wheatstraw:

    I believe that Stephen Colbert was a migrant worker for a day. There should be plenty more Stephen Colberts out there given the high unemployment rates.

    According to modern Republican economic theory, this perceived problem does not actually exist. The free market should dictate a clearing wage that would attract suitable legal workers. In fact, if the minimum wage were eliminated, they would have people knocking down the doors to get this work. The farmers simply have not executed their free market skills.

    But, I do see the Kansas farmers’ perspective. We are in a new age where law enforcement is optional, primarily determined by the balancing of lobbying power and campaign contributions. Therefore, there is no reason that I can think of why they can’t pick and choose which federal laws are relevant or not.

  7. “…We are in a new age where law enforcement is optional, primarily determined by the balancing of lobbying power and campaign contributions. Therefore, there is no reason that I can think of why they can’t pick and choose which federal laws are relevant or not…”

    ‘Wealth’ is a “Political Creature”
    ~~

    also, there is no ‘Free Market’ in Agriculture..

    differently, the ‘Crack-down’ on ‘Migrant’ workers is to drive the ‘unconnected’ Farmers OOB (out of Business)…
    ~~

    fi·at (ft, -t, -ät, ft, -t)
    n.
    1. An arbitrary order or decree.
    2. Authorization or sanction: government fiat.
    [Medieval Latin, from Latin, let it be done, third person sing. present subjunctive of fier, to become, to be done; see bheu- in Indo-European roots.]

    The American Heritage® Dictionary of the English Language, Fourth Edition copyright ©2000
    ~~
    ‘Fiat’, where ever found, is anti-Liberty (Pro-Totalitarian)..

    including here..
    http://search.yippy.com/search?input-form=clusty-simple&v%3Asources=webplus-ns-aaf&v%3Aproject=clusty&query=Federal+Reserve+Fraud

  8. rd says:

    Mark E. hoffer:

    That is odd that you think Mid-Western agriculture is not free market. Much of that agricultural region in the middle of the country is a Tea Party hotbed intent on driving government interference out of their lives. They must certainly have extended that thinking to their own livelihoods by now…. Only the libtards in California and the Northeast want and rely on federal government support and regulation.

  9. rd,

    from this..”…That is odd that you think Mid-Western agriculture is not free market. Much of that agricultural region in the middle of the country is a Tea Party hotbed intent on driving government interference out of their lives…”

    It appears that you are assuming that I am a ‘Tea-Party’-ist..

    that would not be accurate.

    Actually, I don’t think I’ve, even, met a ‘Tea-Party’-’er’..

    and, do know that I’m not affiliated with such..
    ~~

    though, with..”…They must certainly have extended that thinking to their own livelihoods by now….”, One would, certainly, think so, but, from what I understand, it is not ‘the Case’..

    between…

    http://www.amazon.com/Cadillac-Desert-American-Disappearing-Revised/dp/0140178244
    &
    http://search.yippy.com/search?query=Federal+Agricultural+Subsidies&tb=sitesearch-all&v%3Aproject=clusty

    to begin with, it is pretty easy to see that the ‘Mid-West’, ‘Plains States’, ‘Inter-Mountain Area’, ‘Desert Southwest’, and “California and the Northeast” “want and rely on federal government support and regulation.”

    (note: not to, necessarily, exclude, any specific Region..)