My reads to start the week off:

• Election Year Poses Challenge for Stocks (WSJ) see also Choose Your Own Adventure: SPX 2013 (Dynamic Hedge)
• Why fringe markets may beat Silicon Valley (at least for investors) (Next Web)
• The brain science behind economics (LA Times) see also Virtuous Behaviors Sanction Later Sins (Scientific American)
• 35 Years of Buffett’s Greatest Investing Wisdom (Motley Fool)
Shiller: Economist who foresaw bubbles still likes stocks (USA Today)
• DOJ casts wide net with mortgage subpoenas (Reuters)
• Baltic Dry Index on Course for Lowest Monthly Average Since 1986 (Businessweek)
• Credit Update – There’s Life After Default (Pragmatic Capitalism)
• The Big Reveal: Why does the Bible end that way? (New Yorker)
• 9 Foreign Words the English Language Desperately Needs (Cracked)

What are you reading?

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Oil Gives Economy Both Barrels

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 “10 Monday AM Reads”

  1. DSS10 says:

    I thought all the talk about Iceland lately has been interesting….

    Will the loonie become the new reserve currency for Iceland?

    http://www.outsidethebeltway.com/will-iceland-go-loonie/

    Ex PM of Iceland on trial for negligence for failing to prevent the financial crisis.

    http://www.washingtonpost.com/world/europe/icelands-ex-pm-prepares-to-face-trial-for-his-role-in-financial-crisis/2012/03/04/gIQA6b72qR_story.html

  2. Petey Wheatstraw says:

    More proof that the American left is about as far right as it can be:

    http://www.opednews.com/populum/linkframe.php?linkid=146528

    Some will dismiss the article due to its source. Others will understand just how bad it is, regardless of the source.

    Some would rather starve than to eat the food of someone they detest (because detesting that entity has a long, if irrational, tradition in their clan).

  3. Rightline says:

    Mish takes Lakshman Achuthan out to the woodshed and beats him mercilessly (as Mish will often do).

    Note:I linked the dshort page because it is alot more readable than Mish’s site which has way too much noise in the side panels…

    http://advisorperspectives.com/dshort/guest/Shedlock-120305-ECRI-Recession-Call.php

  4. MorticiaA says:

    Wisdom from Buffett – I enjoyed the Motley Fool article. Their choices were good ones but my favorite Buffett quote of all time is, “It’s only when the tide goes out that we learn who has been swimming naked.”

    I think that one was from the Oracle in the ’80′s – long before 2008. Long before Enron. Long before Madoff. Long before the modern Greek tragedy… Yet it fits every single market debacle.

  5. formerlawyer says:

    Misallingment in the incentivaztion of the executive suite.
    http://hbr.org/2012/03/the-incentive-bubble/ar/pr

  6. VennData says:

    “… So here’s what it all boils down to: where do we draw the line with employers regarding contraception and other medical/health coverage? If the Catholic Church can take a pass on birth control, can a business owned by Christian Scientists pass on drugs, surgery and other conventional methods? Can Jewish-owned businesses deny delivery coverage unless parents of newborn males agree to circumcision? Should we simply say to those who don’t like such policies, go to work someplace else? ”

    “… So here’s what it all boils down to: where do we draw the line with employers regarding contraception and other medical/health coverage? If the Catholic Church can take a pass on birth control, can a business owned by Christian Scientists pass on drugs, surgery and other conventional methods? Can Jewish-owned businesses deny delivery coverage unless parents of newborn males agree to circumcision? Should we simply say to those who don’t like such policies, go to work someplace else? ”

    The Constitution separates church and stae, that has worked very well for us.

    Obama is defending the Constitution and defending religious freedom, by insuring that you cannot have someone else’s religion controling you.

    That is America.
    The Constitution written by the Founding Fathers separates church and state.

    Obama is defending the Constitution and defending religious freedom, by insuring that you cannot have someone else’s religion controliing you.

    That is America.

  7. SOP says:

    Re. = Oil gives Economy both Barrels

    Why High Oil Prices Are Now Affecting Europe More Than the US

    The world is presently sharing a limited supply of oil. When oil prices rise, oil production doesn’t rise very much, if at all : (graph)

    The issues then become: Which buyers get the oil? What uses get priced out of the market? Which countries are disproportionately affected?

    http://ourfiniteworld.com/2012/03/05/why-high-oil-prices-are-now-affecting-europe-more-than-the-us/

    —————————-
    Regional Variations in US gasoline Prices -

    http://motherjones.com/kevin-drum/2012/02/gasoline-prices

    ————————
    Did China’s oil production peak in 2011? … China Coal production to peak in 2012?

    http://www.theoildrum.com/node/9000#comment-877625

  8. gordo365 says:

    Love the 9 foreign words article.

    I think the author made a mistake.

    Wrote — “Iktsuarpok” (Inuit) – when a lonely person goes outside to check if an expected visitor has arrived, over and over again.

    Meant to write — “Iktsuarpok” = Inuit word for Facebook.

  9. farmera1 says:

    Artificial Intelligence/High Frequency Trading

    http://www.financialsense.com/contributors/cris-sheridan/is-artificial-intelligence-taking-over-the-stock-market

    Ever wonder why the average person is leaving the market. This has to be one of the reasons. As humans you are no longer playing against humans, your squarely playing against algos/computers.

    “As I pointed out in Markets, Murmurations, and Machines, the global think-tank International Economy—whose editorial advisory board includes former and current presidents of the European Central Bank along with various Federal Reserve Chairmen— ran an article stating:

    …high frequency trader interaction with computerized algorithms of large-cap financial institutions is providing opportunities for high-speed, virtually undetectable market manipulation. Where there is opportunity to “shape” the market for advantage, it is likely that such opportunity will be exploited.5″

  10. JimRino says:

    Oil:
    - Fox News HYSTERIA about Iran.
    - CFTC will NOT Regulate the oil exchange until October 2012.
    - If Republicans fight hard enough, there will be no regulation of the exchanges, allowing third parties with no need for oil to speculate with 100% of the futures traded. So, this year is either the last wild year or it will be wild for years to come.
    - The US, having the lowest gas tax, and the lowest cost of gas is and always will be the most vulnerable to oil price shocks.
    - This is the last big heating oil month, so they MUST INFLATE the Price of Oil for delivery this month.

    Since when did Home Heating Oil get PRICED the same or HIGHER then the cost of GAS?
    - No Regulatory Oversight?
    - A Cornered heating oil market?

  11. VennData says:

    Romney’s new slogan…

    “More jobs. Less Debt. Smaller Government”

    http://online.wsj.com/article/SB10001424052970204276304577261821611765472.html

    …of course, if he would have one the GOP nomination and beat Obama last time we’d have: “More guns, Less Cars, Smaller Paychecks”

  12. VennData says:

    McCain calls for US-led airstrikes on Assad forces

    http://worldnews.msnbc.msn.com/_news/2012/03/05/10584409-mccain-calls-for-us-led-airstrikes-on-assad-forces

    Let’s just send a bunch of Georgetown sluts over there and offend the hell out of ‘em.

  13. Jojo says:

    Just imagine – McCain and sidekick Palin COULD have been sitting in the USA president and VP chairs right about now. Wee…