My afternoon train reading:

• The end of mutual funds is coming (Fortune)
• On Hoover’s Attempts to Rescue the Banks (Bloomberg)
• Obama to Use Pension Funds of Ordinary Americans to Pay for Bank Mortgage “Settlement” (Naked Capitalism) see also Investors eagerly eye U.S. foreclosure rental plan (Market Watch)
• Look to history for profitable stockpicking (
• Private Inequity (New Yorker) see also Buffett Blames Congress for Romney’s 15% Rate (Bloomberg)
• On Economists and Psychopaths (Tim Iacono)
• The GOP’s suicide march (Washington Post) see also How conservatives lie about government (Salon)
• Let the Robot Drive: The Autonomous Car of the Future Is Here (Wired)
• Evolution Is Still Happening: Beneficial Mutations in Humans (Big Think)
• More US Consumers Choosing Smartphones as Apple Closes the Gap on Android (Nielson Wire)

What are you reading?


How Cheap is Apple?

Source Ivan Hoff Capital

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.

13 Responses to “10 Tuesday PM Reads”

  1. Rightline says:

    not as cheap as it was before the market closed…

  2. Khav says:

    Ha Ha – Apple just broke the stock market :)

  3. formerlawyer says:

    “In the three years since the global financial crisis erupted, two dominant views of what went wrong have emerged. It is crucial that we understand each, because their implications for policymakers – and thus for the future health and stability of the global economy – could not be greater.

    The first view is that governments simply lost control of the situation, either through incompetence or because politicians were pursuing their own agendas. This is the view heard most frequently from the political right – for example, from people who think that the main problem in the run-up to the financial meltdown of 2008 was government housing policies.
    The second view is that the financial sector lobbied long and hard for deregulation in recent decades, and spent a great deal of time and money persuading politicians that it constituted the safe and modern approach to banking. According to this view, government policies did not fail; on the contrary, they operated exactly as intended – and as bought and paid for.

    If this view is correct, the kind of policy prescription recommended by Ron Paul is less appealing…..”


  4. hammerandtong2001 says:

    AAPL closed the quarter with $100 Bil in cash on the balance sheet.

    They should open an “iBank” and take over the mortgage business. They’d put TBTF out to pasture in no time.


  5. RW says:

    The Rise and Consequences of Inequality in the United States by Alan B. Krueger, Chairman, Council of Economic Advisers, January 12, 2012

    Krueger makes a strong case that rising income inequality is linked to a shrinking middle class and falling economic mobility: Once you’re down the odds of getting up are smaller every year and the odds your kids will do better is smaller still. Attempts to discredit either Krueger or his case do not hold up well to scrutiny.

  6. TapeReader says:

    Here’s an interesting post on how to game by using data derived from The gist of it is that will tip their hand about what the best values they are currently carrying in their portfolio, and though the data that Hotwire surfaces in their searches is kinda ‘dark’, it can still be used to game the bidding process in Priceline.

    A very cool trick for Road Warriors to know.

  7. uzer says:

    my “smartphone” is an old model flip phone which is capable of not only sending and receiving cellular phone calls, it can even send and receive text messages — all for $15.72 per month. No contract. No cancellation fees. No roaming. The carrier is ultimately AT&T so it works anywhere in the country. For my measly $15.72 I get 200 minutes. Text messages cost half a minute each way. To me, $15.72 is smart.

    But maybe I don’t know smart like I don’t know ponzi, huh, BR?

  8. Futuredome says:

    One possibilty is the debtors creating these losses for the banks are put into slavery and work their debts off that way, making the banks solvent.

  9. Robespierre says:

    Only in capitalist USA you will see this from the so called free enterprise keep the govertment out of the economy:

    “Most observers agree that a big enough program to make a difference and bring in sufficient investors will require “seller financing” provided by or guaranteed by Fannie Mae and Freddie Mac. Regulators are working on the details and expected to release at least a pilot program shortly. ”

    And at the same time this:
    “There is a large chunk of capital, billions of dollars, sitting on the sidelines waiting to see what kind of program the government comes up with,”

    So basically there is plenty of money on the sidelines waiting to invest as long as the tax payer guaranties the investment against loses. Sure like that action will not be gamed.

  10. Vilgrad says:

    Paychecks,perceptions, propaganda & power

  11. AHodge says:

    i must be the only other guy interested in the Great Depression
    scrantons bank and RFC history is interesting
    but basically suggests what all the loser economists say
    it was bad monetary and banking policy
    these folks are all time challenged–by December of 1930
    industrial production had fallen 34.4% —peak june 2929
    house contracts (like starts) had fallen 57.4% in value–peak march 1929
    stage one of the bust was the boom reversing
    followed by stock market-
    but more importantly capital markets issues which boomed and busted even more
    like todays securitization going awayin 2008
    this is important today
    the academics including Bernanke and most of the fed profess not to be able to tell what a boom is
    or lean against it unless there is inflation

    you could read janet yellens latest speech on reform “progress”
    and a suble plea for the Macroprudential wise men to at least look at whether a boom is going on
    its clear to me she is not getting support for this idea

  12. Joe Friday says:

    More US Consumers Choosing Smartphones as Apple Closes the Gap on Android

    Although the percentage of subscribers holding Android phones going from about 48% down to about 46% and the percentage of subscribers holding Apple phones going from about 27% up to about 30% can certainly be described as slightly closer, it hardly fits what is classically thought of as ‘closing the gap’.