Some longer reads to start your Sunday :

Among the Wealthiest One Percent, Many Variations (NYT) see also The Bifurcated Society (Rick Bookstaber)
• Hiring Logjam Breaks as CEOs Plan Growth (Bloomberg)
• Yields Plunge on Big Rally (The Bond Buyer)
Simon Johnson: Refusing To Take Yes For An Answer On Bank Reform (The Baseline Scenario)
• Mr. Davidson’s Planet: NPR/NYT Guru Adam Davidson’s Discredited Economic Principles (AlterNet)
• Bloomberg Suffers, Too, in Collapse of MF Global (DealBook)
• Steve Ballmer Reboots (Businessweek) see also Why Google is ditching search (CNet)
CES: Fever Dream of a Guilt-Ridden Gadget Reporter (Gizmodo)
• Star Trek-style ‘tricorder’ invention offered $10m prize (BBC)
• The True Story Of How A Ferrari Ended Up Buried In Someone’s Yard (Jalopnik)
• Open knowledge saves lives. Oppose H.R. 3699! (E Patients) see also Clumsy medics in Mexico City drop donor heart – video (Guardian)

What are you reading?

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Dr. Copper Gets a New Specialty

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.

14 Responses to “Weekend Reads”

  1. A7L-B says:

    SPX & Cu arel generally trending together;

    their recent divergence from EUR is perhaps the bigger story…

  2. “… those mainstream media outlets that bothered to cover the story at all compensated for the lack of details about what specifically is going to be accomplished by this accord by focusing on issues of no practical significance.

    The Globe and Mail, for example, ran an entire article about how Harper and Obama’s personal “friendship” allegedly effected the deal, which was in reality and admittedly struck by bureaucrats in months of closed-door negotiations…”
    http://saladin-avoiceinthewilderness.blogspot.com/2012/01/end-of-nations-canada-us-and-security.html

    “It Takes A Pillage: Epic Tale of Power, Deceit & Untold Trillions”

    “…”Nomi Prins has applied her unmatched expertise in Wall Street’s arcane methods of turning your money into their bonuses to mapping the recent crisis. In compelling, scathing prose, she shows how the key players escaped being brought to account, and kept their pet officials in power.”
    John Dizard, The Financial Times
    http://www.nomiprins.com/home2/2011/8/2/it-takes-a-pillage-epic-tale-of-power-deceit-untold-trillion.html

    Recipe for Vote Fraud: Global Internet Voting Firm Buys U.S. Election Results Reporting Firm
    Posted on January 13, 2012 by WashingtonsBlog

    The Ability to Commit Vote Fraud is Becoming Push-Button

    [Preface by Washington's Blog: This development comes at an interesting time, when Ron Paul supporters, progressives and the mainstream media are all discussing potential vote fraud.]

    By Bev Harris, Black Box Voting

    In a major step towards global centralization of election processes, the world’s dominant Internet voting company has purchased the USA’s dominant election results reporting company.

    When you view your local or state election results on the Internet, on portals which often appear to be owned by the county elections division, in over 525 US jurisdictions you are actually redirected to a private corporate site controlled by SOE software, which operates under the name ClarityElections.com…”
    http://www.washingtonsblog.com/2012/01/global-internet-voting-firm-buys-u-s-election-results-reporting-firm.html

    but, more *Importantly, “Did you see that Game last night?”

  3. Grego says:

    People generally will do what they have done. Sounds like traditional Republican fiscal policy in our future:

    http://www.myrtlebeachonline.com/2012/01/14/2600891/romneys-bain-made-millions-as.html

    MYRTLE BEACH, S.C. — Boston-based Bain Capital LLC more than doubled its money on GS Industries Inc. — the former parent company of Georgetown Steel — under Mitt Romney’s leadership in the 1990s, even as the steel manufacturer went on to cut more than 1,750 jobs, shuttered a division that had been around for 100 years and eventually sank into bankruptcy.

    Bain Capital spent $24.5 million to acquire GS Industries in 1993, according to an investment prospectus for the company that was obtained by the Los Angeles Times and reviewed by McClatchy Newspapers. By the end of that decade, Bain Capital estimated its partners had made $58.4 million off its investment in GS Industries, according to the prospectus.

    Bain Capital’s partners also earned multimillion-dollar dividends from GS Industries and annual management fees of about $900,000. But by the time GS Industries filed for bankruptcy protection in 2001, it owed $553.9 million in debts against assets valued at $395.2 million.

  4. Sechel says:

    Re Yields plunge,
    I always find it fascinating when the stock and bond markets produce different signals and the stock guys barely take notice.

  5. Mike in Nola says:

    Interesting E magazine site. No idea how they make money since most are free, but the mags on Montreal and Butchers were interesting.

    http://issuu.com/explore

  6. Rick Caird says:

    Via Marginal Revolution, is this link:

    http://www.guardian.co.uk/books/2012/jan/12/amanda-hocking-self-publishing

    It is about self publishing using Amazon and Kindle. It also mentions Smashwords.com as a vehicle for access to Nook and Ebooks.

    Amazon and Kindle are also a nice vehicle for longer essays that are too short for a book. An example of that is Alex Tabarrok’s “Launching the Innovation Renaissance”.

  7. VennData says:

    Mass. witches assembling to end Tim Tebow’s season, keep Tom Brady’s alive

    http://www.foxnews.com/entertainment/2012/01/13/mass-witches-assembling-to-end-tim-tebows-season-keep-tom-bradys-alive/

    Fox News is just too much.

    Is it safe to assume that a certain former governor’s health care plan is a simmering cauldron of toil and trouble?

    Or is the subtext even more subtle than that? …explaining how the good people of the Commonwealth above are under the evil spell of liberalism.

  8. VennData says:

    More lies from the Wall Street Journal opinion page…

    http://online.wsj.com/article/SB10001424052970204409004577158843821223730.html

    The actual facts…

    http://www.huffingtonpost.com/blackberry/p.html?id=1206349

    If the GOP has such a compelling story, why does the GOP Media Machine have to lie day-after-day, year-after-year?

    Why can’t they stick to the truth, the whole truth, and nothing but the truth?

  9. sabre_jenn says:

    Re: Dr copper gets a new specialty:

    There is no mystery here
    Stocks are manipulated by Bernanke on very low volume, and reflect politically determined prices.

    Copper prices are market determined (or more so anyway).

    Bernanke must go before the US has a true recovery.

  10. Joe Friday says:

    SHADES OF CRAMER

    During an appearance on Maria Bartiromo’s Wall Street Journal Report, Jamie Dimon calls a housing bottom and says he sees brighter times ahead for both Europe and the U.S.

    SELL ?

    (Dimon lost $40 billion of market share for JP Morgan Chase just last year)

  11. Jojo says:

    Similar to blind wine tests. So why are old wines, old cars and old instruments venerated, but in today’s workplace, older people are undesirable?
    ===========
    How many notes would a virtuoso violinist pay for a Stradivarius?
    Study finds musicians cannot tell from sound alone whether they are playing an old classic instrument or one made last week

    Ian Sample, science correspondent
    guardian.co.uk, Monday 2 January 2012 15.26 EST

    http://www.guardian.co.uk/music/2012/jan/02/how-many-notes-violinist-stradivarius/

  12. howardoark says:

    More lies from the Wall Street Journal opinion page…

    As I read the articles, the WSJ didn’t lie about anything and the facts and figures were true. The Huffington Post commentator didn’t think adding 10% more federal workers in 3 years was a problem because i) 225,000 new workers isn’t a big deal in the overall scheme of things, and ii), three-fourths came in the Defense Department (+84,000), Homeland Security (+28,000), Justice (+13,000), and Veteran’s Affairs (+45,000).

  13. philipat says:

    @sabre-jenn

    Agreed. And isn’t it strange that China (The largest purchaser of Cu) should now be associated with Free markets, whereas the US markets are maniplated, corrupted and broken?

  14. each says:

    Barry,
    Re Judge Napolitano clip, I just happen upon a Bill Moyers interview: Bill talks with Winner-Take-All Politics authors Jacob Hacker and Paul Pierson. Very interesting. It is on billmoyers.com. I recommend watching it.