10 Tuesday AM Reads
My early morning reading material:
• Felix Zulauf’s market prognosis (Business Spectator)
• In New Year, Being More Active Is Thus Far Good (Financial) Advice (WSJ)
• A secretive hedge fund legend prepares to surface (Fortune)
• For California, Attorney General Insisted on Better Terms in Foreclosure Deal (NYT)
• Wall Street’s Reputation Still Falling (DealBook) see also Wall Street turns wrath — and cash — on Obama (Politico)
• Interpreting the St. Louis Fed Stress Index (A Dash Of Insight)
• Why Tax Policy Assumes People Are Richer Than They Think (Economix) see also Private Equity Tax Break ‘Indefensible’ (Bloomberg)
• What Would the End of Football Look Like? (Grantland)
• Apple Apps Remain Developers’ Favorite Even as Android Spreads (Bloomberg)see also Apple Tops Google for No. 1 Image (Bloomberg)
• Austerity Tourism: Greek Travel Deals (Smart Money)
What are you reading?
>
Big Bond Offerings
Source: WSJ
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February 14th, 2012 at 10:03 am
For the Canadian readers of TBP: Canadian “Conservative” government trying to pass an online surveillance bill that would give government unprecedented powers to monitor and track citizens online activities WITHOUT a warrant. WTF. Read more about it here: http://www.michaelgeist.ca/content/view/6316/
If you’re Canadian, sign this petition: http://stopspying.ca/.
SIGH………………. I’m really disliking these so called “limited government” conservative parties around the world introducing bills that are anything but limiting government power.
February 14th, 2012 at 10:17 am
Opinion piece from November 11th, 2008…
“… IF General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye…”
http://www.nytimes.com/2008/11/19/opinion/19romney.html
From…
http://www.cnn.com/2012/02/14/opinion/granderson-romney-michigan/index.html
February 14th, 2012 at 11:05 am
I’m not so worried about the Iranians closing the Strait of Hormuz anymore
http://news.yahoo.com/man-maimed-own-bomb-thai-capital-103433921.html
That was their version of James Bond
February 14th, 2012 at 11:26 am
Leaving Fox…
“…As a white, male, middle-aged conservative talk radio host from Virginia, John Fredericks is something close to the Platonic ideal of a Fox News fan. And until last year, he was one. But then Fox’s treatment of the Republican primary race — the presentation of Karl Rove as a political analyst despite his having “thrown in for Romney” and Sean Hannity’s clear ties to the Republican establishment — began to grate on him. So he changed the channel. “I’ve gone from all Fox to no Fox, and replaced it with CNN, which I think right now is giving me a much fairer analysis of what’s going on,” he said. “I feel they’ve lost that independent conservative mantra that had drove people like me to them. I used to feel that I got it straight, and I got an independent conservative view. Now, what I get is some wholly owned subsidiary of the RNC [Republican National Committee]….”
http://www.politico.com/news/stories/0212/72825.html
February 14th, 2012 at 11:29 am
Leaving Fox…
“… As a white, male, middle-aged conservative talk radio host from Virginia, John Fredericks is something close to the Platonic ideal of a Fox News fan. And until last year, he was one. But then Fox’s treatment of the Republican primary race — the presentation of Karl Rove as a political analyst despite his having “thrown in for Romney” and Sean Hannity’s clear ties to the Republican establishment — began to grate on him. So he changed the channel…”
http://www.politico.com/news/stories/0212/72825.html
February 14th, 2012 at 11:43 am
Interesting piece on the Black-Scholes equation, especially in the comments.
http://www.guardian.co.uk/science/2012/feb/12/black-scholes-equation-credit-crunch
New Republic on the mobility myth.
http://www.tnr.com/article/politics/magazine/100516/inequality-mobility-economy-america-recession-divergence?page=0,0&passthru=NjY1NzJmOGJhMzZlNGYxZDJkOWE0YTVkYjU4NDZjNzg
February 14th, 2012 at 11:52 am
A Conversation with Peter Thiel
Francis Fukuyama talks with the renowned entrepreneur.
http://www.the-american-interest.com/article.cfm?piece=1187
Some very interesting and novel ideas from both
the interviewer and the interviewee.
February 14th, 2012 at 11:55 am
“How One Simple Graph Predicts The Future Of Home Sales” by Joe Manausa.
http://www.manausa.com/wp-content/uploads/downloads/2012/02/Tallahassee-Real-Estate-Weekly-Special-2-13-2012.pdf
“Hold your nose and rent the junk” by Cam Hui.
http://humblestudentofthemarkets.blogspot.com/2012/02/hold-your-nose-and-rent-junk.html
“Are century-old indicators just to obvious to work anymore?” by Greg Schnell (The Canadian Technician).
http://blogs.stockcharts.com/canada/2012/02/are-century-old-indicators-just-too-obvious-to-work-any-more.html
February 14th, 2012 at 12:13 pm
check this out:
http://www.youtube.com/watch?v=suJCvkazrTc&feature=related
Poor America – P a n o r a m a [B B C] – Broadcast Date: 13th February 2012
February 14th, 2012 at 12:34 pm
I am a little surprised that Chris Whalen’s piece on MF Global wasn’t in the list:
http://us1.institutionalriskanalytics.com/pub/IRAMain.asp
Did Jamie whisper sweet nothings* in someone’s ear?
*”Hankie-poo is a swell guy and he…likes you, too.”
h/t jessescafeamericain- one of the best blogs evah!
February 14th, 2012 at 1:17 pm
A. Friend sent..
I am a little surprised that Chris Whalen’s piece on MF Global wasn’t in the list:
http://us1.institutionalriskanalytics.com/pub/IRAMain.asp
Did Jamie whisper sweet nothings* in someone’s ear?
*”Hankie-poo is a swell guy and he…likes you, too.”
h/t jessescafeamericain- one of the best blogs evah!
February 14th, 2012 at 1:38 pm
Mauldin’s Outside the Box, Feb. 13, 2012:
http://www.ritholtz.com/blog/2012/02/face-the-music/
“Face the Music” Mauldin says:No one does it like Kate Welling – we’re talking financial-world interviews here, “interrogatory journalism,” as Kate would put it – and her interview of Dr. Lacy Hunt, which you’re about to read, is in my opinion one of the best she’s ever done, and the best I’ve seen with Lacy.
February 14th, 2012 at 2:17 pm
From the piece on Moore Capital..
“With his youngest child still a toddler, says friend and investor Charlie Krusen, Bacon has joked that “he’s tied to the grindstone for the next 18 years” if he hopes to put all his kids through college.”
Yep, guy who is worth 1.8 Billion is worried about putting kid through college!?!
How can I take anything else in the article seriously after that?
Unless in typical Oligarch fashion when he says “putting kids through college” it implies that his kids are such miscreants that numerous $10 million gifts are required to BOTH get kids in and through college.
Better keep working ..otherwise you would actually play a role in rearing your offspring.
February 14th, 2012 at 2:29 pm
Business Insider Chart of The Day – Boaz Weinstein’s “Mamma’s Boy” Index:
http://www.businessinsider.com/chart-of-the-day-boaz-weinsteins-mammas-boy-index-2012-2
Hedge fund manager Boaz Weinstein, the founder of Saba Capital and former co-head of credit trading at Deutsche Bank, caught our attention during a presentation he gave recently with this awesome chart explaining the eurozone crisis.
The chart below depicts the correlation between 5-year CDS (a form of insurance to protect against a credit event) of eurozone countries and the percentage of men ages of 25 to 34 still living at home with their mom and dad.
It’s pretty obvious what the pattern is…
February 14th, 2012 at 2:36 pm
Atlanta Falcon’s Roddy White: Roger Goodell overpaid
“…How in the hell can u pay a man this much money that cant run tackle or catch…”
http://espn.go.com/nfl/story/_/id/7574523/roddy-white-atlanta-falcons-rips-roger-goodell-reported-salary
One might turn that argument back on its source.
February 14th, 2012 at 3:06 pm
Whole Fraud: The Myth of So-Called Natural Foods
By Ronnie Cummins, CounterPunch
11 February 12
n Jan. 31, organic and natural foods giant Whole Foods Market (WFM) once again attacked the Organic Consumers Association, the nation’s leading watchdog on organic standards, as being too “hard-line” for insisting that retailers like WFM stop selling, or at least start labeling, billions of dollars worth of so-called “natural” foods in their stores – foods that are laced with unlabeled, hazardous genetically engineered (GE) ingredients.
WFM’s most recent attack on OCA predictably backfired, throwing gasoline on the fiery debate surrounding my previous essay “The Organic Elite Surrenders to Monsanto.” In that essay, written in January 2011, I criticized WFM and several other well-known organic companies for their foolish (now hopefully repudiated) stance of espousing “co-existence” with the USDA and Monsanto, in exchange for minimal federal regulation of genetically engineered crops.
In subsequent articles OCA has called for an end to “organic infighting” and for the organic industry, farmers, and consumers to join forces and pass laws or state ballot initiatives (like the current campaign in California) that would require mandatory labels on products containing genetically engineered ingredients, as well as to make it illegal to label or market GE-tainted foods as “natural” or “all natural.”
Anger is now running so high against Monsanto and the USDA, as well as anyone appearing to tolerate “co-existence” with either group, that rumors are fast spreading that Monsanto has bought out, or plans to buy out, WFM. That rumor is untrue. However, it has focused attention once again on the critical issue of food labeling. WFM, and all of us in the organic community, must put an end to labeling fraud in the “natural” products sector, by passing laws that will require brands and supermarkets to clearly label all genetically engineered ingredients on their products….”
http://www.readersupportednews.org/opinion2/271-38/9927-whole-fraud-the-myth-of-so-called-natural-foods