Some reads for your weekend reading pleasure:

• Who’s Buying What in Super Bowl 2012 (Ad Age)
• Start the Recession Without Me (Bloomberg) see also Right-Wing Media Rely On Discredited Evidence To Dismiss Positive Jobs Report (MediaMatters)
• Housing Remains a Buyer’s Market (WSJ)
• Tax Break Increases Deficit, but May Have a Silver Lining (NY Times)
• Progress on Letting Big Banks Fail (Economix)
Bartlett: Why the GOP should stop invoking Reaganomics (Washington Post) see also Goodbye and good riddance to organized quackery’s best friend in Congress (Science Blog)
• How Marc Andreessen makes Silicon Valley magic (Gigaom)
• “Never Follow Your Dreams”: Mark Cuban Answers Your Questions (Freakonomics)
• How To Pimp Your LinkedIn Profile (Read Write Web)
• I Don’t Know Anything (James Altucher)

What are you reading?
>
Nasdaq at 11 Year Highs

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.

22 Responses to “10 Weekend Reads”

  1. Rightline says:

    ECRI Recession Call: Growth Index Contraction Eases Again

    http://advisorperspectives.com/dshort/updates/ECRI-Weekly-Leading-Index.php

  2. SOP says:

    Fleeing Vesuvius

    The title refers to the volcano that destroyed Pompeii in 79 AD, specifically the large number of residents who failed to save themselves, despite weeks of earthquakes, gaseous clouds and other obvious signs that an eruption was imminent. For more than a decade, a growing body of evidence suggests that the planet is on the verge of economic and ecological collapse. Yet the vast majority of us do absolutely nothing to prepare for the stark conditions ahead.

    http://dissidentvoice.org/2012/02/will-peak-oil-spell-the-end-of-capitalism/

    Life is too short to be distracted by the opinions of others.

  3. Jojo says:

    At 102%, His Tax Rate Takes the Cake
    JAMES B. STEWART | New York Times
    February 3, 2011

    Meet Mr. 102%.

    James Ross, 58, is a founder and managing member of Rossrock, a Manhattan-based private investment firm that focuses on commercial real estate and distressed commercial mortgages. “I realize I am very fortunate, and in fact I am a member of the 1 percent,” Mr. Ross wrote in an e-mail. His résumé is studded with elite institutions: Yale, Columbia Law School and stints at the law firms Cravath, Swaine & Moore in New York and Holland & Hart in Denver. Since his company fits the category of private equity, he even has carried interest, the kind of incentive compensation that enabled Mitt Romney to pay such a low tax rate.

    Yet Mr. Ross told me that he paid 102 percent of his taxable income in federal, state and local taxes for 2010. “My entire taxable income, plus some, went to the payment of taxes,” Mr. Ross said. “This does not include real estate taxes, sales taxes and other taxes I paid for 2010.” When he told friends and family, they were “astounded,” he said.

    http://finance.yahoo.com/news/102-tax-rate-takes-cake-160010322.html?l=1

  4. tsouftsaf says:

    Wall Street Journal on private property and internet monopolies – What would Lenin say?
    http://whataboutmarx.blogspot.com/2012/02/wall-street-journal-on-private-property.html

  5. Inquiring Minds says:

    BR, When will you come forward with a public mea culpa for misleading the readers about January 2012 BLS U3 report – the most flawed BLS report in years?! Inquiring minds want to know. December to January BLS reported “better than expected” U3 headlines were completely misleading – BLS dumped 10 years worth of US population/demographic revisions into a single month and used it as the baseline aggregate number for computing reported U3. BTW, you are quickly losing all credibility Barry (joining douche-bag’s club together with Steve Liesman, Jeff Miller, and Brian Wesbury).

    ~~~

    BR: Your lack of civility is exceeded only by your ignorance. No soup for you, come back 1 year.

  6. nofoulsontheplayground says:

    Tom McClellan – “Eurodollar COT Indication Calls For Big Stock Market Top Now”

    http://www.mcoscillator.com/learning_center/weekly_chart/eurodollar_cot_indication_calls_for_big_stock_market_top_now/

    The COT fractal calls for a top between Feb. 4 and Feb. 28, followed by a correction/sideways chop into June 4th. From there a strong rally is indicated into the end of 2012. Very interesting stuff.

  7. biscuits says:

    I tried to post to MediaMatters regarding their “Evidence To Dismiss Positive Jobs Report”. Provided a link to Jesse’s Cafe to back up my assertion that jobs reports are just as questionable under Obama as under Bush. I got caught up in moderation four hours ago, because I was a new poster. Now lets see if they ever post it, or if they only allow evidence that backs up their opinions.

    Here’s the link again (think somebody also posted it on your response the the jobs report yesterday).

    http://jessescrossroadscafe.blogspot.com/2012/02/non-farm-payrolls-report-air-brushing.html

  8. Thor says:

    Gotta love Zero Hedge man – Not a word in Tyler’s coverage of the BLS numbers about this from CR

    The Labor Force Participation Rate declined to 63.7% in January (blue line). However the decline was related to the change in population control, and not people leaving the work force.

    Talk about only inept. I didn’t realize that ZH had moved so far into Right Wing Idiocy.

  9. XRayD says:

    Re. Nasdaq’s 11 year new high …

    This should be the coming hype to get people into the market and tech in particular … ah … Facebook!

    Just plot a chart of the Nazdaq and the S&P versus AAPL for the past 11 years. You will see the reason for the new “high”.

    The Nazdaq has been flat for 13 years!

  10. Transor Z says:

    Jocko-Homo Heavenbound, c. 1924, by B.H. Shadduck, a wonderfully nutty anti-evolution pamphlet that inspired the “de-evolution” theme of the band DEVO.

    http://bhshadduck.tripod.com/index/id10.html

  11. Master Shake says:

    Here’s some “right wing media” debunking the BLS numbers.

    http://jessescrossroadscafe.blogspot.com/2012/02/non-farm-payrolls-report-air-brushing.html

    Yep, prosperity is just around the corner.

  12. biscuits says:

    hmm. wtf it “population control”? newspeak?

    “However the decline was related to the change in population control, and not people leaving the work force.”

    A couple others, besides Tyler, who also questioned the number:

    http://www.correntewire.com/bls_jobs_report_covering_january_2012_not_so_smooth_operators

    interesting comments section on this one; I have yet to see much anecdotal evidence of good news for long term unemployed:

    http://finance.fortune.cnn.com/2012/02/03/long-term-unemployment/?source=cnn_bin

  13. biscuits says:

    One last word on the “Right-Wing Media Rely On Discredited Evidence To Dismiss Positive Jobs Report” MediaMatters never did publish my comment with the link to Jesse’s Cafe criticism of the DOL jobs numbers. I got a message saying it was in moderation. Maybe it didn’t tow the party line? Never checked out Mediamatters before, but it looks to be a propaganda mill if I’ve ever seen one. Knee jerk neolibs who keep the blinders firmly in place as they charge towards their goal of defeating the enemy neocons. Forget the truth, this is war! Long live status quo and its two party system!

    Call me a disenfranchised progressive.

  14. ToNYC says:

    Kerouac, A Biography by Ann Charters.
    A lesson from Neal Cassady about tremendous energy and determination without any strategic plan is like a storm that brings no rain.

  15. DeDude says:

    Its good to see Bartlett stating the obvious, that our problems are on the demand side and old time Reganomics supply side tools will not work this time either.

    However, even under Bush II it was obvious that the GOP realized that demand was in the driver seat. In response to the small recession they inherited at the end of the Clinton expansion, they started a huge stimulus (war) program. Throughout his presidency Bush II instituted a stream of child tax rebates to keep the consumer class going. When Bush II told people to go shop it was clearly a primitive rephrasing of what his economist had tried to explain to him. The deliberate blocking of state attempts to stop predatory lending might have been wearing a coat of right wing ideology, but I am sure it was also based on a fear of what would happen when the consumers lost their equity withdrawal “income” and housing collapsed.

    The trickle down “explanations” were clearly just a justification for giving huge sums in tax cuts to themselves and their rich campaign contributors. I don’t think most of them actually believed in the economics of trickle down. Bartlett is an old school country first type of GOP soldier. I think he is out of touch with the current crop of “rob, rape, and wipe your ass in the American flag” crop of GOPsters. They are perfectly aware of what it would take. It is just that they don’t want it done when it could help a black democratic president get reelected. So they fight for all the wrong things in an attempt to sink the economy, so that they can retake power (and start stimulating demand again).

  16. louiswi says:

    http://www.youtube.com/watch?v=VlKMy65dyz4&feature=related

    The above link is a very good piece on Reagan for those interested…

  17. ssc says:

    http://www.latimes.com/business/la-fi-hiltzik-20120205,0,639053.column

    Anther take for “Will Apple save our education system?”

  18. VennData says:

    Gingrich vows to take fight to “timid” Romney

    http://www.reuters.com/article/2012/02/05/us-usa-campaign-idUSTRE80Q2AQ20120205

    Unfair, Romney’s “mission” in France prepared him to be Commander-in-Chief of the US military. as much as Newt’s college history professorring …uh.. let me check the GOP media machine script again…

    College professors CANNOT be effective C-in-C’s, just ask Osama bin Laden …uh…. wait… Script, please.

  19. Transor,

    re..the B.H. Shadduck-piece..

    have you seen..”Suicide of the West: An Essay on the Meaning and Destiny of Liberalism” by James Burnham ?
    http://www.amazon.com/Suicide-West-Meaning-Destiny-Liberalism/dp/0895268221
    ~~

    something tells me that they are of ‘a piece’..

  20. willid3 says:

    reasons to not trust finance?
    they will always manipulate what they sell to be in their favor?
    but in truth they aren’t alone, every business actually does that.
    they just are more creative at it

    http://www.nytimes.com/2012/02/05/business/an-investment-wipeout-that-didnt-have-to-happen.html?ref=business