My morning reads:

• Did Goldman Sachs Call the Top? (WSJ) see also Bullish Sentiment Among Active Traders Jumps to Highest Level in Four Years, Says New Schwab Survey (Charles Schwab)
Secular Trends: Are the Good Times Never Coming Back? (Economix)
• Are We About to Eclipse Mideast Oil Output? (Barron’s) see also U.S. Inches Toward Goal of Energy Independence (NYT)
• BofA Tests an Option to Foreclosure (WSJ)
• The rich versus the seething masses (Reuters) see also The hypocrisy of Wall Street “capitalism” (Salon)
• FRED is Awesome (Business Insider)
Insider trading bill: A model to end gridlock on Congress? (CS Monitor)
• Beyond Etch A Sketch: Voters Wonder, Which Mitt Would Govern? (The Atlantic)
Heatgate or Hype? Thermal imaging of new iPad vs. iPad 2 (photo) (BoingBoing)
• At 2,500 Pounds And 43 Feet, Prehistoric Snake Is Largest On Record (Science Daily)

What are you reading?

>

SEC Probes Rapid Trading

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.

19 Responses to “10 Friday AM Reads”

  1. DSS10 says:

    This was a good article with some key learnings regarding both risk management and exploitation of strategic opportunities….

    http://www.theatlantic.com/magazine/archive/2012/04/the-man-who-broke-atlantic-city/8900/

  2. darth beta says:

    Titanoboa! Fcking awesome!
    Step one: clone Titanoboa
    Step two: flood DC
    Step three: Release Titanoboa

    TBP weekend challenge: Use Titanoboa in a conversation with female. Report results!

  3. Mike in Nola says:

    From a link in Silverman’s column on http://www.chron.com: If possible, Google gets even creepier. The Onion video at the bottom of the page is pretty entertaining, unfortunately, because it’s so close to the truth:

    http://thenextweb.com/google/2012/03/21/google-wants-to-serve-you-ads-based-on-the-background-noise-of-your-phone-calls/

  4. Gary says:

    Reading Part II of the Japanese Model vs. Swedish Model on TYILLC blog site:

    http://www.tyillc.blogspot.com/2012/03/under-japanese-model-repealing_22.html

  5. Mike in Nola says:

    And if you’re a Texas BBQ lover check out this blog:

    http://fcg-bbq.blogspot.com/

    I found it after writing a tripadvisor review of the City Market in Luling, Tx where we stopped on the way back from San Antonio last Monday. The place has truly great BBQ, though not quite white linen tablecloths. Everything is handed to you in brown paper and that’s what you eat on. The ribs are wonderful, although I suppose BR will never get to enjoy them, having to settle for the brisket. He shoulda been born in New Orleans; few of the many Jews I knew there were observant :)

  6. willid3 says:

    because we started exporting refined oil products they think we energy independent? maybe they didn’t notice but US demand is down
    http://www.businessinsider.com/gasoline-use-goes-back-to-collapsing-2012-3?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+businessinsider+%28Business+Insider%29

    thats why we started exporting huge amounts of refined oil products, cause we don’t6 need as much

  7. Mike in Nola says:

    willid3:

    Of course, manipulation of supply to the US market, and not environmentalism, is a big cause of high gas prices. The big pipeline they want to build from Canada will mostly just allow us to export more diesel to Latin America, but the environmental know-nothings seem to have no clue.

    The lessons of Enron were not forgotten by some.

  8. willid3 says:

    Mike, you are correct. if the real purpose of that new pipeline was to decrease gas prices, why is it going to Houston? a very large port, that has been exporting refined oil products?
    why not route the pipeline to the midwest? or east coast?
    but consider the same oil is already being sold today. for about $60-70 a barrel (leading to really low gas prices in the Dakotas) among other places.

    but if they can get the same oil to Houston, that same oil will be what ever the market is for WTI (about $100 dollar or more today).
    so the company that proposed that pipeline wants to make more money by charging you more for gas. and thats the market at work.

  9. Mike in H-town,

    w. ..”…The place has truly great BBQ, though not quite white linen tablecloths…”

    as you know, or will, soon, learn, (*Real)BBQ+ ‘white linen tablecloths’= undefined (no such thing)

    and, as I suspect, that Place, in Luling, is as close to ‘Mecca’–re: ‘things BBQ’–as one will find..~
    ~~~

    though, here: “The ribs are wonderful, although I suppose BR will never get to enjoy them, having to settle for the brisket.”

    IIRC, BR is partial to ‘Kosher’ Bacon..

    I’m sure He could ‘work’ a “special dispensation” for ‘Kosher’ Ribs..~

  10. and, as I suspect, that Place, in Luling

    and, as I suspect you, already, know, that Place, in Luling..

    *edit*

  11. Greg0658 says:

    on the Presidents ok of the lower Keystone2 pipeline from Cushing area down to the Gulf .. I wonder what the easement rights to the pipeline are each month ? and when taken out of service ? why not follow pipeline route1 as much as possible .. furthermore why not more clean energy and a big basket of all types .. we really don’t want to totally run out of the crude in any form – really I don’t think we do … but the squeeky wheel gets the “ok – have it your way” and heres the contract $s

    http://www.transcanada.com/keystone_pipeline_map.html
    http://en.wikipedia.org/wiki/Athabasca_oil_sands

  12. Greg0658 says:

    and we’ve talked about it in here before .. electric cars charged from solar panels and wind turbines on your garage are gonna change the days business for big business (big energy usuage $ pass on) & government (tax base) .. but thats no reason to run out of the fuels

  13. Jojo says:

    March 23, 2012
    F.D.A. Is Ordered to Restrict Use of Antibiotics in Livestock
    By GARDINER HARRIS

    A federal magistrate judge on Thursday ordered the Obama administration to alert drug makers that the government may soon ban the common agricultural use of popular antibiotics in animals because the practice may encourage the proliferation of dangerous infections and imperil public health.

    The order, issued by Judge Theodore H. Katz of the Southern District of New York, has the effect of restarting a process that the Food and Drug Administration began 35 years ago in hopes of preventing penicillin and tetracycline, two of the nation’s most popular antibiotics, from losing their effectiveness in humans because of their widespread use in animal feed to promote growth in livestock like chickens, pigs and cattle.

    http://www.nytimes.com/2012/03/24/health/fda-is-ordered-to-restrict-use-of-antibiotics-in-livestock.html

  14. Jojo says:

    This from a year ago. And of course nothing happened in our do-nothing Congress which instead hasn’t been able to pass a budget, hasn’t followed through on pledges to reduce the deficit, instead arguing over critically important issues such as a woman’s right to contraceptives.
    ———
    Most U.S. Antibiotics Go to Animal Agriculture
    by Helena Bottemiller | Feb 24, 2011

    The U.S. Food and Drug Administration confirmed numbers this week that indicate animal agriculture consumes 80 percent of all antibiotics used in the United States, more than previously estimated.

    Congresswoman Louise Slaughter (D-NY) announced Wednesday that FDA confirmed the numbers with her office for the first time. She plans to reintroduce a bill she crafted in 2009 aimed at preserving the effectiveness of antibiotics important for human health by limiting their use in agriculture.

    http://www.foodsafetynews.com/2011/02/fda-confirms-80-percent-of-antibiotics-used-in-animal-ag/

  15. formerlawyer says:

    AP is reporting “Jon Corzine, Ex-MF Global CEO, Gave ‘Direct Instructions’ To Transfer $200M From Customer Account”

    “A former MF Global executive is contradicting testimony from Jon Corzine, saying the former senator ordered the transfer of $200 million last fall out of a customer account days before the firm collapsed, according to an email obtained by congressional investigators.”
    http://www.huffingtonpost.com/2012/03/23/jon-corzine-ex-mf-global-ceo_n_1376281.html

  16. Jim67545 says:

    On the BOA thing: about 3 years ago I suggested something like this to regulators during a bank exam (at my former employer.) They shot it down because they didn’t want banks in the rental business. We had to foreclose, evict and then dispose of foreclosed properties ASAP. With the passage of (considerable) time apparently the light has come on.

    What I suggested differed from the BOA proposal in that the former homeowner would get a limited term lease – perhaps 3 or 5 years and would have a right to repurchase the home, at the then appraised value, at the conclusion of the lease term – or before.

    I felt that giving the former homeowner an agreed-upon avenue to reaqure the home would improve the chances that they would care for the property, would maintain a certain sense of ownership, would create a welcome degree of certainty and would give them an incentive to get back on their feet and rid the lender of the liability (owning rental property for a bank may technically be an asset but responding as a landlord has to is really a liaibility.)

  17. dougc says:

    Now that studies aspirin not only prevents cancer and inhibits metastasis will we be able to buy an aspirin for less than a thousand dollars.